Am I the only one that thinks that the budget is good?!

[isitactuallybadthough]

NC’d for obvious reasons.

I mean it seems that they’re trying to help the working class?

I am not on benefits. I’m also not lucky enough to live in a property worth over £2,000,000. But surely the worst off in society will be better off under this? With the energy bill cut and two child benefit scrap? Also books for libraries, national wage increases. I do understand people feeling frustrated at the pension/ISA parts, that will probably affect DH and I but overall I’m pleased as the worst off will be slightly less worse off?

Agree the benefits bill will rise due to rising unemployment. Make it more expensive for employers to run businesses and jobs will go.

Welllll

Im a child of parents who weren’t responsible enough to manage their finances, who actually only survived because of the welfare safety net under Blair/Brown.

Im now a degree educated higher rate tax payer.

So I beg to differ.

You can still save in a S&S ISA - there are ETFs you can buy that are pretty low risk and would approximate cash if you are very determined to stay away from equities

I didn't hear them say that. You may confusing the benefits cap which is a different thing although it may limit the number paid for effectively. There doesn't seem to be any link with work for the extra child elements per se.

And I think the freezing of the rate bands is utterly grotesque as it hits the very poorest in society the hardest, and puts very ordinary wages into the higher tax band.

How utterly ridiculous is it to pay out a state pension then have it fall into being taxed?

Most people live in a delusional bubble where they think they will never become unwell, and illness is just something that happens to other people. That's why they can't fathom that someone who is disabled might actually need financial assistance.

Given that 50% of people will get cancer in their lifetime (and that's not including the myriad of other chronic diseases), a lot of people are going to get a real shock some day.

Because I anticipate increasing my income significantly next year

Me too, have more kids by all
means, but support them yourself.

we will now go back to people having four/ five kids for the money 🙄

That's Reform policy, not the Labour budget.

I'm quite surprised by the amount of people here earning up to and even exceeding £100k per year, and say they can't manage to save so much etc ?

So you’re okay with children living in poverty?

I agree, I think it was as good as it could be. No-one likes paying a bit more tax, but we have to help children in poverty

It's even worse than this - people who understand nothing about the economy getting elected as MPs. And then approve policies which kill said economy and drive both investments and productive population away

Labour are not going to be in power for a generation after this PM/government

This is my worry too. I agree some people deserve more pay….by the consequence for some businesses is that we will have lose staff

We’re not helping children in poverty. We’re helping Rachel Reeves and her boss keep their jobs by pandering to the demands of backbench Labour MPs.

Because of the higher rate of tax and lack of any support.

Well you can’t prevent yourself getting cancer, Parkinson’s no, are people begrudging this type of benefit? No one chooses this.

Or is it more about that you can prevent getting pregnant, and one should consider things like what would happen if a relationship breaks down or death of a partner occurs (not new phenomenons) and if you can work/support yourself if the above occurs, before having 3/4/5 children. It’s this that people have a problem with. Supporting other people’s life choices. Choice being the word here.

I don’t think this is delusional.

Quite often the more people have the greedier they get.

Certainly seems to be true of senior Labour ministers, I’ll give you that.

Looking solely at the economic arguments of scrapping the benefit cap, hundreds of thousands of children growing up in poverty is extremely expensive for a country. Children in poverty have poorer health outcomes, significantly worse educational attainment, poorer social mobility, more likely to fall into crime etc. Poverty is often multi-generational so children growing up in poverty often become parents raising their own children in poverty and so the cycle continues.

Of course there are ‘feckless’ parents out there, no one’s disputing that but there are significantly more families that are trying their hardest to feed, clothe and house their children but are finding it increasingly hard to do so. Ultimately, even if you still think families are living in poverty due to the poor choices of the parents, it’s never the child’s fault.

I would have liked to see a wealth tax of 1% on those with assets over £10 million as per Green Party manifesto plus a windfall tax on energy and rail companies.
It appears the rich are getting richer while most people’s living standards are being reduced.

But its not going to do that for many children and families

policyinpractice.co.uk/blog/new-analysis-benefit-cap-blocks-support-for-1-in-5-families-hit-by-two-child-limit/

There is already a windfall tax on energy companies.

Wealth tax is expensive to administer and can create adverse consequences as in Norway a couple of years ago where the increase of their wealth tax caused a reduction of revenues. Would you like that?

Thank goodness we have something to cling on to.