The budget will be 'painful'

[darada]

We're going to get absolutely bent over a barrel aren't we?

I fear the middle classes are going to be hit hardest because the poor don't pay that much (not unreasonably) and the very rich have access to accountants, lawyers and advisers and therefore will wriggle out of having to really pay.

I don't mind paying my fair share but I fear we're going to be squeezed and the money is going to be wasted a lot of it.

Anyone else feel a tad dispirited like me?

Or first all we can clean up our own house first on the sense thay

1. MPs stop claiming expenses esp on second homes

2. MPs stop awarding themselves huge pay rises

3. stop wasting on vanity projects, no Sadie khan tfl does not need £1m diversity training

4. stop making stupid decisions like hey let's ban companies from new oil drilling licences which means we no longer collect tax on that which was in the billions before we have clean energy off the ground. Ducking stupid!!!

The list can go on...and there have been many threads by people in NHS and civil service who attest the sheer amount of money being wasted...nut we continue to waste it. Remember this is your hard earned money being wasted and instead of demanding they do better some.are saying duck it I'm okay to pay more...🤨🙄

The higher earners would just opt out. They'd emigrate, but their hours, stuff their pensions, and/or retire immediately.

Have a read about what happened when we had supertax in the 70s.

Taxing inheritance more would be an easy win, but would still annoy many voters.

No thanks.

We've had austerity for most of my adult life, we are constantly being told the same thing about the financial situation however nothing seems to improve despite a consistent reduction in quality of life & access to services. Hell knows what the next thing will be now to deal with whilst everyone is struggling with COL, bills set to rise again over winter, it's just depressing and tiring.

Totally agree.

What did people expect with a labour government? They were always going to go for the hard working people, that’s their remit.

I'm in Scotland and in our higher rate tax band (42%)...certainly don't mind paying my share (aware we are devolved and Scottish government will make any decision on that) - am more concerned over speculation around removing the 25% tax free lump sum pension withdrawal as that will massively change my retirement plans, so much cheaper so I'd likely just retire so they will lose my tax contribution.

Agree. My dh is 60, on 40k a year, no mortgage, already gets an injection monthly to control his chronic health condition which costs the NHS £1k per month yet now gets free prescriptions too ! He would happily pay the £100 a year he used to pay for a pre-payment prescription card for his multiple prescriptions. Madness that people under pension age get them free. People reliant on benefits would still get them free under the UC rules if they are on a low income/ benefits.

There is no way they will remove the state pension from those who have already paid for it. They'd be voted out immediately. It would be theft.

If they scrap national insurance contributions then they could phase out a state pension.

I don't understand what you mean. I am a hardworking person and feel fleeced by what the conservatives have done to this country.

They haven't paid for it though have they ? The current tax payers pay the pensions of today. No-one builds up a state pension pot over their lifetime that is then paid out to you at pension age.

No I don’t think they will remove it, they will just keep increasing the qualifying age, same thing?

We already know vat on school fees.
I think they'll start with CGT, IHT and I think reducing tax relief on pension contributions.
Probably re introduce lifetime cap on pension contributions...which is frankly bonkers , there is huge push to get people to save for retirement but then limit how much you can accumulate.
Longer term state pension will be means tested.
They'll abolish tax free lump sums from pensions.
These last things will discourage people from saving for their retirement, resulting in actually more people qualifying for full state pension.
I think the middle income/ middle higher income will suffer most.
Labour are party of politics of jealousy...anyone over 50k a year salary they see as wealthy!
They've already rolled over and are handing out huge pay rises to appease unions...same old same old labour
My only hope is I won't be taking my pension for another 10 yrs and by then we may have a conservative government back

But that's exactly how it was framed to us oldies...particularly when you're urged to pay a lump sum to cover 'missing' contributions.

I had paid my full amount of NI contributions but - when I asked for a forecast - was told that the rules had changed and I now needed to pay more to get my full state pension. Foolishly, I paid more than £800 in a lump voluntary contribution over a years ago.

Wish I hadn't now.

The people get what the people vote for.

I reckon they’ll raid pensions. Which will mean no incentive to save for the future. May as well spend it then let the state take care of us. 🤷‍♀️
The very rich won’t be affected.

Treasury spokesman this morning couldn't determine between the terms "working people" and "those with the broadest shoulders" so be warned! If Labour can't explain the difference then who do you think their policies will damage the most?

I'd be screwed without my private landlord. It gives me and my dd a roof over our heads for which I'm grateful and better than living in grotty emergency accommodation which was looking like my future. More social housing is desperately needed I agree but the waiting lists are enormous. What they need to look at is mortgages. If I could get a mortgage (which I can't) I'd be paying half the rent I pay now. It's ludicrous.

Absolutely, an eye watering amount of money is wasted every year.

I've read some rubbish on here but this takes the biscuit.

What is rubbish about it?

It would be good for private landlords to be discouraged, they seem to buy up most of the properties in our area that are more affordable meaning the starter homes which helps get people on the property ladder. I was a cash buyer after my divorce and I struggled to buy because I was competing against landlords so first time buyers don't stand a chance. Out of eight massionettes in the small development I live in 6 belong to landlords. None of the properties are well maintained as the landlords make do and mend and the tenants are fighting a losing battle keeping their homes in good condition (although some just don't seem to care). When my upstairs neighbour was selling last year she told me that she had more viewings from.landlords then first time buyers. But I think if buy to let was made less attractive it may be a little easier to become a nation of home owners again, areas wouldn't end up run down because the people living there have a say and are invested in the place where they live.

Funny they didin't mention this is their election hype. Bunch of chancers.

I think youre spit on because my hairdressers cousins dog walkers brothers girlfriends father gets £4858473638348 a week on bEnEfiTs, they go on foreign holidays for 58 weeks a year and they get a ferrari on motability

I think the most worrying aspect of all this, is that so many people seem to be suffering from collective amnesia.

We're in this mess because for the last 14 years the Tory party have prioritized funneling money to their mates through dodgy contracts, promoting their cronies to the House of Lords, and failing to address immigration, tax avoidance, all leading to a desecration of public services. But you lot are all angry at what Labour might do to try and fix it.

We’re not landlords, but if you force them out too quickly and they sell up rental property what will happen to all those people who can’t get a mortgage? It’s about supply and demand. Won’t rentals just go up further?
Rental caps don’t work either. My understanding is it was tried in Germany and failed miserably.