I'm unbelievably ill informed and stupid.

[Lola247]

Can anyone explain the budget to me in simple terms please?

Autumn Budget 2024: Martin Lewis analyses what it means

He is also on ITV tonight (?8pm) to talk about it.

It'll be more expensive for businesses to employ people so will result in a combination of job losses, lower pay rises, higher prices and businesses going under.

Private school fees get VAT on them.

There will be higher taxes if you make profit from unearned income like shares, property sales or through inheritance.

Labour lied about their plans. Even the usually pro-Labour BBC accuse them of outright dishonesty here.

"I lost track during the election campaign of how often Labour folk insisted they had “no plans” to put up taxes beyond a relatively narrow band of those they said would rise.
Looked at now you don’t have to be wildly uncharitable to conclude that was comprehensive baloney."

They didn’t lie. The only commitment they made was no increase to income tax or employee NI. The country is in a mess. Money has to come from somewhere. For some reason ( 🧐) the media is being very negative, but the stock market and the Federation of Small business (for a start) are very positive about it.

They also found that the Tories had left government finances in shambles and they now have to find funds somewhere.

Hi Rishi!

There will be higher taxes if you make profit from unearned income like shares, property sales or through inheritance.

What date does this start from?

God, at what point to labour fans stop blaming the tories to justify labours shit show. I mean cmon. It’s cringe now. The whole yes it’s very bad but it’s their fault is just bullshit we are in austerity on steroids and I categorically assure you it will make fuck all improvements, the money will be swallowed up and we will all be poorer, in fact I’d bet good money on it.

But when that plays out, inflation rises, costs rises, growth stagnates, the nhs stays as shit as it is, you can bleat it isn’t labours fault it’s all those nasty tories.

At what point? Somewhere more than 100 and some odd days for sure!
Whose fault do you think it is this close to the election and before the first Labour budget in 14years even gets time to be enacted? You make yourself look pretty foolish with that sort of comment.
We aren’t in austerity either. Large cash sums were promised for the NHs and education. Did you even listen? And austerity was the Tories, so if you think that’s the problem (and in that we can agree) then it’s definitely down to the Tories that we are in this mess. At least be consistent.

They’ve been in power four months. Exactly how long did you think it would take them to sort out the mess resulting from 14 years of a Tory shitshow?

OP, please go on facebook and follow "simple politics". It's excellent. It will explain absolutely everything about politics to you, as it's happening, in simple non-bias terms.

It's very difficult for another person to explain something political to you without their own opinion creeping in. I've tried and I couldn't do it 😄

This thread is inevitably going to descend into people arguing about what they think. Please go get facts so you can form your own opinion x

(Then come back here and join in with the arguing 😜)

This level of ignorance annoys Me, it’s all over the media. The fact inflation will rise again, that unemployment will. That growth will stall. That the path we were on has been downgraded. I’m no Tory fan, but good grief, how can anyone miss the fact the path the imf and all projections had us on now, has been reversed out. It is all over the news.

we were recovering. And now we are the sick man of Europe again. With a downward trajectory, high interest rates, high unemployment, and some of the highest taxes in Europe before Labour leave, higher than the Nordic’s.

how can anyone see the trajectory we were on being reversed out and say yeah it was the folks who got us on that good trajectories fault. Not the bunch of work experience folks who just made Lizz truss look sensible and reversed it.

I wish someone had explained Brexit to me as I voted with very little idea what I was actually voting for! Can’t even remember now whether I opted for In or Out!

Labour : the Tories left us a mess

Tories: they have made a mess of this

most people: how much more do I need to pay?
most people: not much

God, at what point to labour fans stop blaming the tories to justify labours shit show. I mean cmon. It’s cringe now.

Eh? The Tories were only in power a few months ago and they demonstrably left the country in a complete mess that needs fixing.

They hadn't even set any money aside to pay for the postmaster compensation or the victims of the infected blood scandal. Given that those are bills that need to be paid, wasn't that a bit neglectful of them?

They discovered a £22bn hole in the public finances once they got into office.

Which media outlets are you reading?

The IMF support this budget.

How did you feel about Sunak blaming the previous Labour government in his speech yesterday?

Tories and their fans had no issue blaming Labour for all the ills in the world for the entire 14 years they (Tories) have been in government. But, for whatever reason, Labour is not afforded the same opportunity. Why is that?

And Robert Jenrick said on radio this morning "Rachel Reeves is a compulsive liar".
I don't know how he has the brass neck to think he's an appropriate person to lead the Opposition.

There is no getting away from the fact the inflation reduction, reduction in unemployment and growth predictions we were currently enjoying was due to the Tory government, no matter how ,much anyone hates them

I’m taking no issue with someone blaming a previous government if they then improve the situation as the tories did.

i take massive issue with them blaming the previous government and then making it worse. As Labour is doing.

that is the key difference. You can’t blame the previous government then proceed to shit the bed.

Yes to be fair the Tories never blamed labour government for any issues once they took back power did they? Oh hang on….

But it’s ok to blame a previous goverment and then improve the situation.
it is not ok to blame a previous goverment and then make it worse as reeves did yesterday,

every single respected authority from the imf on has now downgraded our path, inflation to increase, growth to decrease, unemployment to rise. From the imf on.

thays not the tories fault, that’s what Labour did yesterday. Blame away and fix it. Blame away and break it even more, and nah, that’s far from acceptable,

Not the bunch of work experience folks who just made Lizz truss look sensible and reversed it.

I'm no fan of either Labour or Conservatives, they are all a bunch of clueless wankers, but Liz Truss looking sensible? That is a complete impossibility.

What's your proposal to plug the gap? Austerity?

Fair point the tories fixed everything up all good for everyone. Oh hang on…..