Thank goodness tax rise scrapped

[Jems557]

So we’re a blended large family, so after maintenance and all the outgoings for our large combined family we don’t have very much left at all, as obviously we need a big house so our mortgage and council tax is a lot, we need a bigger than average (although several year old) car etc. However we don’t claim any benefits, my DH works hard to provide for his and our children but so much is taken in tax anmd maintenance already, there is no tax allowance for raising children. This would of hit us hard

Which tax rise has been scrapped?

I think you might be in for a nasty surprise.

They will get the money one way or another.

Why do you think there should be a tax allowance for raising children? There are child benefits people can claim if their income is low enough.

allegedly Reeves isn’t going to raise income tax in the budget.

They're just going to freeze threshold for longer, any longer and nmw will end up paying higher rate! There will be other taxes too. A 2p increase in income tax and the same reduction in NI wouldn't have affected you.

Oh, I hadn't seen that on the bbc. I did see they were dropping the LLP one. Well, they need to get money from somewhere!

They’ll be getting it from somewhere for sure.

It makes me more worried than less. They have been planning this for months and aren’t doing it to save their own skins. The black hole will still be there so they will be coming for the equivalent money in another way but it will now be more knee jerk and less well considered.

They still need to fill a £40bn odd hole so I wouldn’t get too excited. It’ll be coming from somewhere.

No.

But she still needs to raise cash.

She’s going to tax breathing.

Joke at your own peril!

I thought the consensus from basically everyone sensible was that she didn’t really have a choice but to raise it because tinkering with the other taxes won’t be enough? And they’d basically already told us they would be raising it.
What is she going to do?

Cut spending?

Get an Ocean Credit Card

Cry?

I mean she’s not but that is what she should do

Because I'm close to tears with all this.

So what’s going to happen? More austerity? Because that’s going so well.

i agree spending needs cutting and I’d argue that should be more of a priority than tax rises but they don’t seem to have the backbone to do that. Even straight forward stuff like means testing winter fuel allowance they backed down on. And now they’re even lifting the two child cap on child benefit. So no control of spending at all.

Bet they raise NI instead.

This is incredibly naive of you OP. Our public services are on their knees after 14 years of cuts. In my field it can take 3 years to get a case to court, then it can be cancelled at the last minute because criminal defence barristers are in short supply because of legal aid cuts, then cancelled again because there are no court ushers/clerks or the court itself is in such disrepair that it can’t safely operate. Then you have the prisoner not turning up at court because there was no transport (been subbed out to previous govt cronies at exorbitant rates ) .. or the video link doesn’t work… and after all of that , if the prisoner is found guilty, Judges need to err on the side of non-custodial sentences where he has discretion, as the prisons are full.

How would you feel as a victim of violent assault, if this was your experience of justice ? It’s a very real everyday experience for thousands of victims in this country at the moment.

Multiply this by , Health, Tax, Roads, Environment, Social care, Local Authority provision such as Education etc etc.

How would YOU fix this OP without more income tax ?
The only other option is indirect tax such as VAT etc
. All of which is more expensive in real terms. I’m not a high earner btw (38k) but am realistic enough to see you can’t get the services we need as a country without paying for them.

They are serving the whole country, not just their backbenchers. They seem to forget that.

I would far rather have a tax rise than that the government carry on with harmful money-saving plans like taking away the rights of children with SEND.

An income tax rise is exactly what is needed.