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

The Select Committee - you mentioned and I quoted.

You've just posed a different question

It’s like talking to a politician, no straight answers.

The economist said the war is having a greater impact - you said others disagreed. It seems you can say who though and it looks like he is correct.

We cannot control what Putin does or OPEC or any other country but Brexit regardless of the amount, has had an effect on the economy and peoples lives and its self inflicted.

We can't undo it but we could mitigate it and apply to re join the SM.

That's fair enough, but how is willing them to keep taxes where they are anything to do with people in the public sector being paid a fair wage? Personally I'd rather have a functioning health service and fully staffed schools than a nice town centre, sorry if that's harsh.

It would cost the nation more to reduce further the spending power of the lowest income households.

If you have a nice town centre, you have more small businesses, more people working, more taxes into the system and then more money for public spending.

It is not a binary outcome, both are a possibility.

A lot of people who are on low income are on benefits, benefits isn’t just those who are unemployed, so many will benefit from this help.

I don’t mind people pushing for this. In fact selling it as an option is no bad thing. I don’t think people really know what it entails.

I'm not a politician, so they are not politician's answers, I'm just finding you a bit hard to understand. Plus of course I'm not required to answer you, you're just a random on the internet.

Ok so I’ll take it you think he’s right too.

no problem with you agreeing.

Basically yes - the Tories are prioritising their core voters (pensioners + very rich) and have given in on benefits because the consequences of mass homelessness/destitution etc would be bad politically, at the expense of the rest of us.

No. The majority don't work. I don't know why you would think that?!

Who is 'he' in this sentence? Your sentences are genuinely quite hard to understand.

MarshaBradyo here is a link to the section of the Treasury Select Committee from yesterday (16 Nov) where the Gov of the Bank of England and others answer questions about the economy and reference the measured consequences of Brexit, Trussonomics etc.

Means tested is any benefit you have to provide evidence of earnings/not earning for. Universal Credit, pension credit etc.

Sorry forgo the link.

Now, now. Don't be ungrateful... 😩

40% (ish) are in work I think?

oh dear. I can’t help you if you’re finding a mention of an economist difficult, one person. It wasn’t a whole story..

I think life expectancy has peaked too, and will be in decline, so I don't see how they can justify raising the pension age!

Various newspapers say public sector wage rises capped at 2.5%.

Oh, you mean your first economist?! I have no idea who he is, you didn't give a name!

The biggest issue (for some) is that it involves FOM but considering that we are encouraging indeed poaching people from all over Asia and India, at least anyone coming from the EU are from an advanced economy and not Nepal.

It may also put us back in the Dublin Agreement, so we could return failed asylum seekers.

The biggest benefit is to exports and imports & avoiding the potential delays, when more entry checks into the EU come in force.

IFS say figures based on 5%

Good luck with that!!!!

We are heading for a winter of strikes that will far exceed the 1970s.

I was a DWP work coach during the pandemic I was paid £10 an hour so just over minimum wage everything was done online. Via teams so our first obstacle was getting people to be able to use teams, you’ve genuinely no idea how hard that was. They then had to upload a CV to our shitty system which was not fit for purpose.

The work coaches - people who had previously worked in higher education but not necessarily careers guidance or were tutors for example, then would be required to cast an eye over the CV, correct any spelling mistakes, grammatical errors, that kind of thing which actually doesn’t help the job seeker because then suddenly somebody with no GCSEs looks like a degree educated graduate on paper.

My background is in change and people management within a digital transformation environment so I do genuinely believe I added a lot of value in terms of support for these people and offering some NLP advice around how to answer interview questions how to overcome objections surrounding gaps in CVs but of course the hiring manager has to know their lines and how to interpret the answers.

I would actually say the amount of coaching and development that most of the jobseekers got was extremely limited and even the ones who were lucky enough to get me on the end of the call were still literally only halfway there because they needed to remember everything that I taught them I’m bearing in mind I’ve been doing it for 25 years and I still forget and whoever they get in front of as a hiring manager also needed to have the intellectual capacity to lead the conversation and then interpret the results. Unlikely.

This budget can be summarised as:

Pensioners and those on benefits: Here's some money.

People at the very top: You might have to forego one of your mini breaks this year.

Everyone else: Fuck you.