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

Not sure, Labour have just said they think the limit is gone, resulting in approx £100 rise for Band D (for eg)

It's bound to be the squeezed middle being squeezed some more as usual

OBR forecasts living standards to fall seven per cent over next two years, wiping out all growth from previous eight years. A lost decade

"Simply staggering numbers in OBR report. Real Household Disposable Income per person to fall more than 7% over next two years. Biggest fall on record. Taking incomes down to 2013 levels." - Institute for Fiscal Studies Director

Infuriating.

Will DLA, PIP or carers allowance increase?

He said all means tested benefits will go up by 10%.

I'm sorry, I don't know exactly which ones they are and the benfits included have not been listed.

Thanks for update I didn’t listen.

Sounds non explosive to me so far

The energy cap will rise to £3000 from £2500

Clear separation from previous by hitting highest earners more and windfall tax, and help for lowest earners

Well that will nicely cover the warm home discount it looks like I am no longer eligible for, at least 🙄

But low to middle earners and public sector workers are getting shafted by insufficient pay increases and personal allowance freezes. (To clarify - I am glad about the increases to benefits; I just wish the same had been applied across the board!)

This part was just "benefits" not mean tested.

*means tested

It's not quite most but 40% of UC claimants also work

"The chancellor says means-tested benefits, including Universal Credit, will also rise in line with September’s inflation figure of 10.1% from next April, in-keeping with previous promises by Rishi Sunak when he was chancellor."

For those of us in social housing and receiving means tested benefits it will be a help but if my wage doesn’t increase by 10% then it’s not going to be as good of a help as it could have been.

no cap on private landlord increases- this would help hundreds of thousands of people
the only thing for middle earners seems to be an energy cap. It’s doesn’t seem fair.

Highest earners still do quite nicely. Someone on £200k will gain £2.5k a year from the NI change but only lose £1.2k from the change to the higher tax threshold. Stranfe how the media fails to report this.

Does anyone know more about the £900 extra help for those on jeans tested benefits? Specifically when we will get it?

Means not jeans 😁

My 17 year old son who doesn't live with me works full time now. But has been told to go part time from his 18th birthday so uc will cover his rent. He doesn't pay rent yet and it will be £120 with all bills included from his 18th birthday. He will be on £9.50 a hour when he turns 18 so I don't understand why they would give him that advice. I don't understand uc but if your better off working part-time it's not really working for people.

Sal

Thank you for posting in "sound bites". I can never understand it when newspapers print it with (as another pp said) waffle.

Council tax can go up 5% just heard sit is the Red book but not in the statement.

I rather like the idea of Jeans Tested Benefits

No details yet on when that extra help might be paid - or how.