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?

So how is it lifting children out of poverty? Shouldn't campaigners be arguing for lifting the overall benefit cap?

I know, that’s why I replied as their post was not clear ast all.

People were warned, maybe you didn’t vote for them anyway.

Presumably, it will lift certain people out of poverty.
The figure quoted in the news was 560,000 claimants will benefit from this change.

We can dream 😅

Can you please share the link?

They said it was a low risk Nutmeg wrapper.

I assume by low risk they meant diversified.

Because around 500,000 families will receive income (through work or welfare) that would lift them out of the category considered being in poverty.

There is an argument that the benefit cap should be raised due to inflation and the cost of living. However, some form of cap should remain as an incentive to work. I will add that a benefit cap is not the best incentive to work in my opinion. Boosting self-esteem, confidence, upskilling, making childcare more easily accessible, increasing workplace duties around flexible working etc is a worthwhile investment.

Sorry to have abandoned the thread, I had to jump on a work meeting 😪

Will try and catch up

Just watching Torsten Bell Labour MP on Sky news. What a utter vile creature he has a complete defensive and aggressive tone.

What was said?

Someone else just posted that. Sounds bad. I guess they’re struggling with the unpopularity.

It's important to remember that circumstances can change after the children arrive, but I admit my sympathy's limited when people have "loads" of children, especially if some of those circumstances were shaky before they were even conceived

Avoiding childhood povery is a noble aim, but if the pendulum swings too far it can encourage the birth of more born into disadvantage and state dependence I'm not convinced that helps anyone

@EasternStandard glad it wasn't just me that noticed his aggressive manner. It was there budget and he didn't defend it in an eloquent way at all obviously touched a nerve.

@CJones11 the Sky presenter was just going through what had been announced and challenging him on the points a little and that MP was acting like a complete aggressive twit.

Yup

I haven’t seen anyone mention the freeze on repayment threshold for plan 2 loans yet.

What a shit time to be a graduate. Graduate salaries haven’t increased with inflation and now most grads make a mere pound or so more than min wage with ever increasing debt to show for it. It’ll soon be the case that average grad net pay is less than average non grad for young people because any extra gross pay is swallowed up by massive loan repayments, that because of ludicrous interest rates on student loans, don’t even make a dent in the actual amount owed.

If this counted as a tax it would be one of the biggest ones in the budget but because it doesn’t it slips by and young people are once again screwed.

It's very diffcult. Entry level grad jobs are often the ones that are most suspectable to AI as well.

That's want happens when your rolled out to defend the indefensible. So many are saying Tory legacy etc, but no this budget is try and fix the shit caused by last year budget. Reeves is the only one to blame (although apparent we can't say that because she has played the "I am women" trump card).

Reeves is the only one to blame (although apparent we can't say that because she has played the "I am women" trump card)

You might as well add that we can't blame David Lammy for anything because he's black, @Bumblebee72 - though after his recent remarks about himself and Kemi I'm only waiting for him to use that one to dodge poor decisions

For me it simply doesn't matter; I'm more than glad to see increasing representation in parliament, but only if the people concerned can do the job

💯

I've read bits that Kemi told her that in the commons today and didn't hold back.

I think Kemi summed it up. People aren't criticising her because she is a women, they are criticising her because is the most incompetent chancellor ever (may be second most after with Kwertang).

Apparently I’ll be £8.30 per year worse off, I can live with that.

If that includes the fiscal drag that's excellent 👌

Ha I’m in Scotland, my taxes are utterly fucked whatever Westminster does - we’ve got to wait til January to see what Holyrood decide to do. I already pay about £250/month more than my English colleagues in the same role.

Which of today’s changes are affecting you?