After a long wait. The Autumn Budget is finally here!!! 💰

[Cosywintervibes]

https://news.sky.com/story/budget-2025-raft-of-tax-hikes-expected-today-as-more-policies-confirmed-13475413

Anyone like to join me in watching the budget today?

No, my generation will be paying our own pensions

@MeouwKing The lack of bingo tax but on other forms of gambling made DH laugh out loud that of course they wouldn’t as it’s very much a Labour voter sort of hobby.

What a complete shit show. I really liked the temp speaker, she did a good job. I also thought that Kemi Badenoch calling out Rachel Reeves and saying do not use misogyny as an excuse for your poor performance was called for.

The red tops are going to have a field day with the Milkshake tax.

One parent needs to work 16 hours. I think most families can manage that

This was the norm until relatively recently. My school friends who didn’t go to university (I’m a 60s boundary baby) all lived at home until they either married or bought with partners. The graduates often went home unless they had help from M&D to buy and lived too far from the nearest city or town with work available. Then as now, it could cost more to rent than buy and that was assuming rent of a shared room and every room in the house used as a bedroom.

The assumption that everyone should be able to leave home at 18 and buy property on graduating is very new and IME aligns with the massive expansion of universities (which I don’t think has really helped as it never achieved the expansion in technical education).

Those in the deepest steps of poverty though are the ones whose parents cannot work 16 hours because it’s usually just one parent and they can’t find 16 hours worth of work they can find 37.5 hours or nothing that fits in.

She’s caused people on benefits to be ridiculed yet again as she’s said she’s lifted the 2 child but hasn’t explained to everyone that not many families will see the increase anyway due to the overall benefit cap so lifting it didn’t really change much yet you have all the people now going at the mothers who have had more than two children when most woke benefit, there will still be kids In in poverty but she never mentioned that do she, made to look good for doing something but didn’t actually explain to the people who it will help and who to won’t

It wasn't always like this, ShesTheAlbatross; the house used to loisten to the budget in (relative) quiet and could do so again if obliged

Is that right though? I thought that removing the cap was generally agreed by anti child poverty groups to be a very effective way of reducing child poverty by large numbers (250,000 children was the estimate I saw).

Have they not understood the rules? Are they just totally wrong and it won’t affect many families at all?

I don’t know the rules so I’ve no idea

Mainstream parties need to up their games to counter the Reform bullshit.

Otherwise they'll be sitting with the rest of us watching the UK plummet into further disaster as the head venture capitalist trashes the country to increase his own wealth, and that of his friends and backers.

Sadly a large chunk of the public are taken in by the soundbites and empty rhetoric, and they're not interested in anything else.

Yes, we need change, but anyone believing Reform are the answer is deluded.

Single mothers can’t though without struggle, so more help for woman who have partners and husbands and yet again single mothers penalised again

They prob won't though will they, they are likely to follow their parents example and have a life on benefits.

Lifting the two child limit will benefit largely part time working mothers won't it? Those who don't reach the benefit cap because of their earnings but have more than two children.

Edited: lifting two child limit sorry

If I’d been in charge I would’ve kicked the loudest out, disgusting behaviour.

Why? They’re not an essential

I'd have so much more respect for Kemi Badenoch if she stuck to criticising the policy and not the person. Putting on silly voices to 'imitate' the Chancellor was utterly beneath her and showed her up as a playground bully.

Can you imagine if the leader of the opposition had behaved in a similar way towards Jeremy Hunt etc?

It'll be the country's current kids and grandkids who'll be paying your state pension.

I would love to know how much is spent by the NHS - and how much of it is on damages to people who have claimed against them. Is this information readily available anywhere?

Anyone who has saved won't have one. Means testing is coming.

https://www.nhsnegligence.co.uk/nhs-negligence-claims-payouts/

2023-24 2.8billon

edited sorry I meant to reply to ajandjjmum

That's going to fuck all though by the time I retire. I'm going planning on relying on myself. If state pension is still around I'll treat it like a bonus.

There is a benefit cap in place of around £400 a week for couples and families. Therefore, it wouldn't matter if you have 10 children because the amount of benefits you receive cannot go over that amount (there are exceptions to the rule such as disability).

However, if you work and are on a low income, after earning around £600 your UC entitlement drops with every £1 you earn. This is the target group of this proposal. Low income working families.

In the last 6 yrs, the NHS paid more out in maternity negligence claims than it spent on maternity care.

do they pay it out, or their insurers?

Yes I agree the cliff edge needs sorting out. Its not the world’s most important tax change and those experiencing the cliff edge are hardly living in poverty but in my industry and many others it does cause significant business problems and it does hit productivity.

I think NI/Salary sacrifice is the wrong target. I find it utterly absurd that as a top rate tax payer I get bigger subsidies on pension savings than someone living on average earnings putting by a few quid a week. I would like to have seen a long term plan to merge NI and income tax from this government (would have to be a long term change) and restrict tax relief on contributions to standard rate or a cap of 25-30%.

However those changes would need to be combined with a review of the cost of public sector pensions, particularly for the upper mid to higher level earners in the public sector where huge cost of DB pensions is not justified by the old “less pay, better conditions” argument. Especially at a time when the size of the state has inflated way beyond, and when you are removing help from private sector workers without any matching cost to the public sector.
Those more equal changes could then be used to support better help with pension building for long term lower earners.

The attack on motability cars is just pathetic pandering to disablism against disabled workers - it won’t save tax payer any money but just reinforce bigotry.

The NHS pays it