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

That's right. This is how government works these days and why the budget is delayed.

Step 1: Leak options to the press to see what the national response is.

Step 2: Try to massage messaging to get people to accept it.

Step 3: Realise that the population will revolt, and drop the idea, all while pretending that it's just a made up story by the media and you never intended to do it.

Budget is delayed because the finances are so bad, they needed time to trail all the ideas and see which ones people will swallow.

Excellent euphemism for the banking system there, couldn't have put it better myself.

Of course. Just causes chaos.

Do you work op?

It’s fairytale accounting. They can’t raise income tax because it will shrink the economy, but rather then admit that, they are pretending the economic forecast has improved.

This is what I don’t understand, and I say this as someone who has been a single parent and had to live off benefits in the past. The super squeezed middle with large families never have their large rents and mortgages, student loans, maintenance if a blended family etc taken account of. So end up in a situation like my DH that no matter how hard or many hours you work to support your family you can’t get out of a phenomenally high marginal tax rate and provide your children with much more then if you were on benefits

Yes I do

The aggregate tax was lower. Look back at equivalent levels (even if under different names) if employer and employee NI and VAT, etc.

This is such bad news. There is a black hole on the budget and it needs to be filled. The sensible thing would be to cut welfare benefits and bring in in-person assessments for PIP, remove mental health conditions from eligible benefits, make immigrants wait 10 years before right to remain/citizenship and give priority to UK nationals before employers can hire from abroad.

But we are being run by Labour backbenchers who are much more extreme than the party. The country’s best hope is that the bond market forces the government to make sensible choices and not more handouts that sound kind in the short-term but trap generations in a low aspiration, no prospects existence.

Wait a second - this being the economy where we had negative growth last month (which I was entertained they tried to pin on JLR) and where everyone is screaming that there is no money, that we can't afford anything, and where the job market has tanked? And they've not invested anything and they've only added regulations - and they think the forecast is now sunny uplands?

"you didnt need a letter from the Pope to see a GP"

😆

Made me smile this morning!

Maybe this is more kite flying and when they see that actually a lot of public opinion is more worried about no income tax rise than an income tax rise they’ll go with that idea again.

typical, you are not a high earner so don’t mind someone else to pay for it

Everyone wants someone else to pay more for better services

Why is it fair that someone who wants to work extra to pay for their children to e.g. have swimming lessons and to go on the school trip finds that after tax NI student loans, child benefit tax charge, maintenance increase, drop in uni maintenance loan for their children etc and commuting it doesn’t matter how much extra they work or responsibilities they take, Is this sensible way to run an economy? I already know quite a few highly skilled friends who have moved abroad precisely for this reason

I am sure your child have way more than some kids on benefits.

Being cynical this is probably just another benefit bashing thread so might leave it there.

Completely agree with you OP. Spending needs to be cut and it has to pay to work.

I also have a large blended family with no benefits and maintenance going out. My household (over 100k joint income) and my SC’s mum’s (on UC) are very similar. She can afford more holidays than us.

I have two big issues with this comment:

I don't think income tax rises would be 'unfair', they hit pretty much everyone, in proportion to their income, what's unfair about that?

How can it be a myth that billions would be raised? It would! Not sure what adverse consequences you mean? We have to raise billions more, that has to result in more tax being paid.

Personally I think income tax should be raised in conjunction with a rise in personal allowances to ensure the lowest earners don't suffer a hit to their take home pay.

Yup! I couldn’t have put it better myself.

Don't be absurd - taxing breathing indeed!!!!

What they will most likely do instead is to come down hard on the polluters and punitively tax everything that continually and flagrantly pumps carbon into the atmosphere...

Oh... wait...........

I wonder if we'll be able to self-identify as a tree and thus get a tax rebate instead?

I am a high earner, as is DH, and if I thought the money would go to improve services, I'd actually pay it. Not with a smile, but I'd see the point.

However, it's not going to that. It's going to paying off interest only on UK debts that should never have been incurred.

Edit: And I also would require that the government stops, thinks about what it must actually provide (necessities, not nice to haves), and cuts all other spending.

I mean, to be fair the rivers were full of poo in the late 60s and well into the 70s. The Thames was declared biologically dead in 1957 and basically abandoned. The improvements to water quality only started in 1976 when water companies started to treat sewage rather than just dumping it in the nearest river, they then improved in leaps and bounds throughout the 80s and 90s but sadly have taken a serious downturn over the last 10-15 years, due to the insanity that has happened among the privatised water utilities which have been treated as cash cows by foreign private investment funds.

But if you look at the 4 million who currently don’t have to look for work, a huge percentage of those will genuinely be too ill to work. Even if they move a quarter of them (or even half!) into the ‘seeking work’ group, there aren’t going to be jobs for them. Loads of them will be long-term unemployed, with no qualifications. You might have 3 million people scrapping for a few 8 hour a week cleaning or hospitality jobs, but it won’t reduce the benefit bill. There will just be more claimants in the ‘seeking work’ group.

Ugh, sorry, replied to wrong post.

Is this big debt to do with Covid borrowing? I can remember Richie Sunak having to borrow loads to cover furlough and all sorts. That must have had an effect and they are still paying it back.
The amount of debt the country has is eye watering whatever the reasons for it ;(