Another budget one. Sorry.

[photodiva]

I keep seeing posts about how this budget will be so bad for us all, am I the only one who won't be (personally) directly affected? Or at least, in a negative way?

I get the issues around businesses and NI but I am a civil servant.

I will get a pay rise! Yep, you read that right. I earn NMW so my wages will go up.

And I don't have a 'gold plated ' pension.

I totally get there will be a lot affected but I can't be the only one who benefits can I?

Do you work for an employer?

Paying our way for education and the NHS is not helping those 'doing the bare minimum and never lifting a finger to improve their lot'.

It's paying our share into society so we can all benefit from educated children and healthcare when we need it.

There are a lot of middle/low income people willing to do this - not everyone who pays in has a big house and an money orchard.

Baffled by anyone who thinks they won’t be affected by this budget. You don’t need to be an economist to work out that businesses will of course pass on the increased costs, via price rises and reductions in pay rises or employee numbers. Big businesses because they simply can and will maintain profits to please shareholders, smaller businesses because they simply do not have the overhead capacity or profit margins to pay the increases. So we will all pay more for pretty much everything.
Very worrying for the farmers. We already import so much of our food, this seems like a massive mistake.
This budget will drive up inflation and therefore interest rates so anyone with a mortgage is potentially affected. And if you rent privately this will affect you too.
I honestly cannot see how this is a budget for growth but I will be very happy to be proved wrong.

Perhaps businesses could cut bosses bonuses and shareholder dividends rather than jobs and wages?

God they've had it good for a long time haven't they?

"When you're accustomed to privilege, equality feels like oppression”

I think there is going to be a major negative impact on care homes.

They have a lot of staff on NMW (or living wage) so will see a big rise in their wages bill, plus substantial employers NIC increases. LAs won't be able to afford to increase how much they are able to pay, and increased fees will price out self-funders (some will opt to pay for care at home, until the money starts to run out and they turn to the LA)

And you can't fix the NHS is social care is in crisis.

Which it will be, if care homes become unviable as businesses and some close.

No, we're 'well to do' but will now not be sending DD private as a result of VAT.

We will instead be taking up a place at the excellent local grammar, thus displacing a less affluent (privately prep-schooled and 11+ dead cert) child that would otherwise have had that place.

DD, together with most of her year group, is working several years ahead of the state primaries so has a huge advantage at 11+ over all state educated children.

People like DD were always destined for the independent sector, so this admittedly unfair situation would have had no impact on the state sector. Until the new VAT policy that is.

You do realise that your local cafe, butchers, bakers, electrician, plumber, accountant, nursery, garden centre, and restaurant are all businesses, right?

They do not get bonuses or have shareholders other than themselves.

These are the squeezed ones, this image of any one who owns a business drives a Ferrarri and live in the south of France is very confusing.

When your breakfast at the local cafe goes up by 10%, or the quote for your new bathroom is 10% higher, then maybe you will understand that we are all impacted by putting the burden on business.

@CanalBoots Absolutely, services need to be funded, and I’m not arguing with that. But honestly, this relentless narrative about how those who’ve managed to improve their lives should bear the burden is just ridiculous. With all the recent chatter about who is classed as a “working person,” why don’t those who constantly feel disadvantaged take a moment to reflect? Instead of expecting those with broader shoulders to carry the weight, why not step up and lift more themselves? If they focused on bettering their own lives, they could contribute more to the system rather than relying on others to do the heavy lifting for them.

UtterlyButterly2048 · Today 11:50
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Baffled by anyone who thinks they won’t be affected by this budget.

Not sure anyone thinks that? We will be negatively affected. That’s ok, the nation is in dire straits and money has to be raised in the fairest way. Some people who’ve had it comparatively easy for the past 14 years just don’t like it.

No one is looking at the real issue here, why is the NHS so fiscally greedy? It is bloated, and riddled with inefficiencies.

The procuration department I have worked with in my local trust, would have been booted from a private sector business within a month. Zero regard to costings, potential savings or any sort of fiscal control.

Throwing good money after bad, just allows this bleeding to continue.

I am not after privatisation, I am after efficiencies.

That's probably you, isn't it, with your dh being a hot shot financial big wig and all.?

Remember that when the NMW goes up, everyone's wages goes up.

Because if you're in a slightly more senior or responsible job, would you be happy with finding that your junior colleagues were getting rise that meant there was barely any higher pay for the bigger job?

If you can’t afford a few extra thousand per year then perhaps your DD wasn’t ’always destined for the independent sector’? Rather ‘if we can afford it, which we now can’t’.

Prices will go up, small businesses will go under, nurseries and GP surgeries may disappear, as will farmland. Food will be more expensive and worse quality. Salaries will stagnate and pension contributions will go down significantly, leaving more people vulnerable in retirement down the line and the state cannot support them. Redundancies will occur and new jobs will disappear. Entrepreneurs will not take the risk of founding new businesses here. Innovation will suffer and we will not be able to compete. The country will remain attractive to people who want to come here and not be net contributors though, i.e. live off our taxes and welfare.

If you don’t care about any of that, fill your boots.

fromdownwest

When your breakfast at the local cafe goes up by 10%, or the quote for your new bathroom is 10% higher, then maybe you will understand that we are all impacted by putting the burden on business.

Seriously, if you can afford breakfast in cafes, you can afford a 10% increase.

Plumbing prices have risen significantly since Brexit 🤷‍♀️

Educate yourself 🙄

I can only conclude that when this government talks about growth they are referring to the national debt…

I am feeling excited about the budget. I think the NMW rise will help many people and I am excited about the investment in public services. I do employ people (through a service company) so my profits will be affected and will also be affected by CGT and maybe IHT. But I think that RR has made the right decisions for our country. I truly think that continuing decline in public services due to continuing lack of investment would be much, much worse for our country/growth than the increases in employer NI etc that people are worrying about. Things can only get better imho.

It’s more a case that the already 6 figure tax bill we pay each year is quite enough, we’re not prepared to pay any more.

I think your mistake was not putting the quote from the thread as a quote!! But yes I understood what you meant.

Yep so now the state will pay for the education of your kids. With no extra money from income tax to do so.
50,000 kids leaving Indy = cost to tax payer of £375,000,000 per year! Well done Labour

Oh and I am a parent of kids in private school who supports the VAT on school fees.

What do you think fuels economic growth though?

I'm pleased you can afford. Many of us can't!! We have applied for a bursary but as the school are quite sensibly now reducing these then looks like DD will have to leave.
State secondary closest to us has 27% of kids achieving 5 x grade 5+ at GCSE.
But I'm so pleased for you!

Brananan · Today 11:56

MrsSkylerWhite · Today 11:54
UtterlyButterly2048 · Today 11:50
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Baffled by anyone who thinks they won’t be affected by this budget.
Not sure anyone thinks that? We will be negatively affected. That’s ok, the nation is in dire straits and money has to be raised in the fairest way. Some people who’ve had it comparatively easy for the past 14 years just don’t like it.

That's probably you, isn't it, with your dh being a hot shot financial big wig and all

What a spiteful post! Why do you have such a problem with someone having expertise? Or are you of the Gove persuasion and don’t believe in experts?

Yes, it is us, though he chose to transfer to the public sector some years ago so earnings are nothing like they were in the private sector. Still, we have no complaints about paying a bit more. We’re far more comfortable than most.
Why do you? You have a large house and keep an horse. Great, sounds like a lovely life, but it’s not a cheap hobby. Why do you object so strongly about contributing a bit more and feel the need to be so nasty to people who don’t have a problem with it?