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

I totally agree with you about Hs2 and investing in local transport instead Calculator

Any reason why you would exclude private sector and small business owners in this 10% pay rise?

I am always at a loss as to why Public Sector workers are this coveted sector of society, who will happily watch as the private sector lose jobs, and lose small businesses, in return for a 10% rise in their income.

This is the most Labour-esque Tory budget I’ve ever seen (so for that reason I’m broadly in agreement with the decisions made) .

Clearly the Tories trying to win back floating voters. Will be interesting to see how Labour establish some differentials since the tories have nicked all their ideas.

Replace floating with elderley!

Indeed, those public sector wages that have been cut in real terms over the past decade or so and are leading to people leaving really important jobs in droves. Yes, yes I am. To be clear I am thrilled there is an increase, I am excited for it to be extended to others too. Especially people like HCAs who are barely on the living wage.

Do they say Brexit has bigger impact than the war?

Because he didn’t say Brexit had no impact, he actually got cut short on that topic unfortunately so I don’t know how much he thinks it’s had. Just that war is largest in his view.

Did the select committee say Brexit impact was greater than the war?

Utterly depressing what has happened to trains and buses

Something like 70% of jobseekers do not have access to a private car. You can't grow the economy and get the economically inactive into the workplace without public transport that works. This government is financially illiterate, I am sick of it.

I agree they should get rises, but the government doesn't decide or dictate their wages do they? The cost of living wage and the minimum wage are scheduled to rise which is good.

'Ha was actually cut short on that topic'

I bet he was! We must all pretend Brexit is fine

Don't be silly any notion of that and there will be pages of vitriol on here how public sector ppl get paid enough and are all lazy and dont deserve their jobs. Then they moan why it takes for their passports to get done etc by the very ppl they despise

I am surprised there’s no discussion of how businesses are going to afford a 92p increase in minimum/living wage on top of rising costs everywhere else. Many small businesses will fold. Care homes will close.

no really I do want to know.

Do they disagree re relative impact of war v Brexit?

They do dictate their wages by freezing personal allowances, raising Corporation tax, reducing the dividend allowance, and increase NI contributions.

The private sector is, er, private - the government can't control business pay, we are not in China.

happily watch as the private sector lose jobs, and lose small businesses Have a for this bilious nonsense!

This governemnt cares not for small business, so they question is irrelevant.

Of course they can control the rates of pay, by the rates of taxation levied on small business.

How can you raise benefits and not minimum wage? You’ll get too many dropping out of work.

So basically if you are on a low to middle income you are expected to just find more and more money just to pay for essentials like heating and food while those on benefits and high earners are getting extra help/benefit from the NI changes etc.

I've seen so many small businesses close down already because their customers can't afford to buy anything now their money is going to energy companies and supermarket chains.

Main stream economists thing her budget added £30 bn to the "black hole"

That cannot be undone and hasn't Brexit already cost the UK 4% of GDP ?

Plus we have had 12 years of very poor productivity.

The War is of course the main one and the bad news is likely to last for many more years.

I just don't get how people just above MW but who don't get UC will manage at all.

So your solution is to not tax small businesses or anything? Sounds like a great plan wonder how that will work out.

Do who disagree? Economists have varying views, but in general the accepted reason for why the UK is doing much worse than the rest of the G7 is Brexit.

@BeyondThinkOfTheOptics
Same situation here
I'm still on Old style contribution ESA too so that's it for me

Did I say that? How about leave it where it is? Try to promote the growth of small businesses, who in turn pay more tax, employ more people, and try to turn the wastland that is the majority of the UK town centres into thriving small business hot spots.

Or maybe do not offer a 10% increase in income to one sector of society whilst at the same time clobber another via increased taxation.

they should up the Local Housing Allowance too, as the rents going up, but Local Housing Allowance is still the same for years.

I don't understand what you mean - do you want to scrap all tax and just live in an unregulated world
Tax rates apply to all. Private businesses set their own pay, other than observing minimum wage.