Autumn Budget

[OccultOctopus]

Key points so far:

• Upper tax threshold dropped from £150k to £125k
• Other tax thresholds frozen until 2028
• Windfall tax on energy firms to go up to 35%
• Electric cars will have to pay VED from 2025
• Review of a further pension age rise brought forward
• More people on UC to be given 'support coaches' to help them find work
• Spending squeeze on all depts except health

So no tax increases on Google, Amazon and the others who pay low amounts of business taxes?

@Sadless, if your son works 40 hours at £9.70 he would earn almost £400 per week so could easily afford to pay £120 rent inclusive of bills. He would not pay much tax or NIC on that at all. He would likely have £200 left each week for food and spending money.

Listening now, glad they’re not doing the silly VAT on private schools which is purely ideological. Some extra money instead

Hope you happy clappers for the nhs are enjoying this budget.

You obviously were not affected by the Equitable Life fiasco and lost a lot of your pension pot, or the most recent downturn in the stock market which has wiped thousands off the value of pensions.

Are people on tax credits getting the £900 cost of living payment or just those on UC? Can't see anything online?

It’s working on me. I was thinking I’ll never vote Tory again but maybe I would if this sensible approach continues.
I’m a genuine floating voter who in the past has voted Labour, Conservative & LibDem.

Pensions are not a service - they are a direct payment.

I'm not saying the government don't want to present things in a way that benefits them, and I am sure the Tories think I am stupid, but pensions and health service dare not the same.

Not many working age low incomes did vote for the Tories - the majority of the new Tory votes came from working class pensioners.

www.gov.uk/government/publications/autumn-statement-2022-cost-of-living-support-factsheet/cost-of-living-support-factsheet

this says Tax Credits will receive the COL payment next year too.

Floating voters are key. Just watched Hunt’s statement, he did a good job.

Thank you!

Nothing for the middle earners. Again. Apart from the energy cap. I agree that those on UC who are working should get the 10% increase, but those that don’t work definitely shouldn’t be getting even 1%. In my opinion.

I don't work. I save the Government thousands and thousands of pounds on social care for my daughter in exchange for £69.70 per week.

Unbelievable!

Who put us in this mess? we are doing worse than any other major economy, with one of the highest inflation rates and this is forecast to remain.

Then add in Europes worst health and social care systems but you'd vote for it all over again?

He did, must be worrying for Labour.
He sounded so sensible and centrist.

Very. I used to not like him at due to lockdown stuff but I’ve changed my mind.

But a lot choose not to work full time.

good point. Do teachers/doctors etc only get their occupational pension at state pension age? That would be 67/68 for some people?

At the moment I’m thinking Yes. Could change by the election but I think Sunak & Hunt currently seem to make a good team.
Politicians are literally always unpopular but I think Labour would have spent even more money on things like the furlough scheme (they certainly wanted it to continue for longer than it did) so we would have even more debt if they had their way.
I like sensible, moderate leaders like Blair in his early years and now Sunak.

Yes they do (I work in a school)

You and me both. I always feel in a minority on mn, glad to see your post 😀

Hopefully both of you will remain in the minority of the electorate.

Nobody should think this leopard has changed its spots, Rich once again getting away with it and the poor taking the hit... (most poor are in work and not on UC or not on much) highest taxation since the war and 5% on top of normal CT increases to pay for cuts in services.

Nothing for business support either, esp on energy.

BUT i do agree, Hunt does come across as the more acceptable face of Conservatism.

tis odd, posters call for more Labour policies before they will vote for them, they get them but not good enough, Tories then adopt similar and same posters say "Sensible Tories, i'll be voting for them... "

I guess they were Tories all along.

Civil service Alpha pension is also tied to state pension age. Can claim it earlier with actuarial adjustment. Average of about 4% less per year under state pension age.

You do you and give up on thinking you know people are ‘Tories all along’.It’s tiresome.

Floating voters help win landslides.

Of course Labour loyalists will never switch, it’s no surprise but you are not who counts. If you voted for Corbyn you were in the minority.