What do with think will be in Labour’s budget?

[tenpairsofshoes]

They don’t seem to be giving much away but any indication that they might help kickstart the economy or are we just going to get £2 bus fares, £45 off our elec bill a year and petrol prices on google map? None of Labour polices seem to help anyone that is really struggling but isn’t in receipt of UC! I’m speaking as a single mother who is trying to sell a property to move on with my life but can’t. Yes I know I’ve very fortunate to have bricks and mortar but that doesn’t mean I’m loaded (because the property isn’t worth much)! I feel like everyone is expecting the chancellor pull a rabbit out of a hat but I think we’ll all be very disappointed/pissed off!

And there is more proof that Count Binface exists than any of the fouders of conventional religion.

This reply is spot on.

www.theguardian.com/business/2026/oct/13/john-healey-uk-finances-imf-gdp-growth-forecast-2026

No, the previous Tory government taxed too much.

Apparently our tax rate is as high as Denmark's, yet they seem to have a far superior standard of living. So it can't be that we are a low tax society( we're not) so what else is it? I suspect as well as widespread inefficiency and successive crappy and short termism governments, the distribution of taxpayers is very small, so we have far too few taxpayer's paying Danish style tax rates for very little in return. It's not great for young people who don't want to go on benefits and want decent jobs to realise they will just be taken the piss out of for the rest of their lives to pay for people who don't work and for something they probably won't get ( pensions)

Quote " Apparently our tax rate is as high as Denmark's, ..."

Not according to the data. Not income tax anyway.

Top 10, 20 & 50 Highest Taxed Countries in the World (2026) — TaxAtlas

UK in 27th place according to that site.

We have a very high national debt compared to Denmark. Ours is in the trillions and theirs is not. Their entire debt is about the equivalent to the interest we have to pay each year just to service our debt.

True re debt servicing.

It isn't just income tax though. It is also VAT, council tax, stamp duty, inheritance tax, national insurance, car tax, capital gains tax, insurance premium tax, excise duty, congestion charges, residence parking, ULEZ, air passenger tax and probably many others.

Exactly. There are about 90 distinct taxes here after all.

@Douglasmummy

Denmark population is about 6 million. Nowhere near UK population estimated to be about 70 million. Managing 6 million will always be easier than 70 million.

I have worked most of my life outside of the UK since 1988 but now work in the UK. I can't name my employer or the specific project I am assigned too, but it's part of net zero.

Based on what I have seen in the last few months, I would agree with your views on inefficiency. Not just what I see at work, but outside too. No one seems to be busy.

@Lhori

I agree about the numerous different taxes in the UK. Many of the countries I have worked in don't have

CGT
IHT

Uk seems to be heading tax on top of tax.

Total tax burden. UK still a fair way down. 2023 final figures, 2024 provisional.

Tax Burden by Country 2026: OECD Tax-to-GDP & Tax Wedge (countrytaxcalc.com)

From that data, 2024

Denmark 45.2%
France 43.5%
Italy 42.8%
Belgium 42.6%
Finland 42.2%
Sweden 41.4%
Greece 39.8%
Netherlands 38.5%
Germany 38.0%
Spain 36.7%
Portugal 35.1%
Canada 34.9%
United Kingdom 34.4%

That puts the UK more than 10% total tax burden than Denmark.

If more people worked and didn't rely on other people's money, tax could be reduced. Pretty simple really. Not only are they not paying in, they are taking other people's money.

I definitely saw a chart over the last couple of days saying our overall tax burden was similar to Denmark's but can't find it again now so apologies if I'm wrong. A lot of our debt is due to poor/ short termism by successive governments though. We have huge inefficiencies, an unwieldy NHS/civil service etc and governments who do little long term planning. Maybe that's a symptom of the FPTP system, that it's just not collaborative so governments lurch from one term to another not wanting to do anything. I don't know. Everything just seems short term and if there is no future planning then really where is future growth coming from? It's just debt servicing.

It depends what you get for your tax though. Obviously, the NHS is wonderful value if you pay no income tax. If you are a higher rate tax payer then it is very poor value. If your tax is going on servicing the national debt because successive governments have mismanaged the economy then it is a very poor deal. You can't make cuts that affect poorer people because that has a devastating impact on them, but then you need more money from rich people who are expected to pay more for worsening services. It creates high levels of discontent.

My bloke’s a higher rate tax payer. He recently had surgery that would have wiped us out financially if we’d had to pay for it. The NHS is fabulous value for us.

None of the Labour front bench has ever run a business, and it shows.

More benefits and more tax for those paying for those benefits no doubt

Trump has. How do you thing he is doing in politics ?

And really, being a politician is a business. From the self employed councilor, to an MP with a couple of staff, through the cabinet, all the way to PM.

Edit, I refer to Trump as an example of a politician who was/is a businessman.

More national debt

Even though the IMF says we’re doing the best in the G7 at consolidating it? That seems highly unlikely.

The IMF are clearly part of a horrible lefty conspiracy because they haven't come in to take over the UK's finances yet. Despite 2 years plus of wishful thinking by some people.

I thought exactly this. They know what they need to do wind back the employers NIC'S, offer incentives to businesses that employ someone who is out of work for over a year, but they won't because the left part of the party won't allow that. So instead they will probably add more tax on to working people, the ones they promised in their manifesto not to tax more. They may also increase tax on to Landlord, on top of the additional 2p in the pound starting in April. They may well borrow yet more money putting our DC and DGC in longer term debt.

A couple of very accurate posts from people who understand the situation. Refreshing after listening to all the Labour luvvies with their arts degrees spouting their absolute bollocks. Its no wonder that the people at the top are Labour party are clueless when the party rank and file who appoint them are even more so.

😂