Budget 2024

[cryrst]

This is actually what bugs me about the £2 to £3 increase in bus fare cap.

This is actually a huge subsidy and a lot of folks do not actually accept that fact. It has done nothing to save or reinstate rural but s routes at all.

Indeed on the radio thso morning someone who.lived in South. Roydon was huffing and puffing a out how it would increase their travel costs until the presenter pointed out in London the hopper cap is £1.75.

The elderly and disabled who this will 'hit the hardest' qualify for free travel.and it does not do what is needed, to create a better travel infrastructure.

This rise is to cut the losses on these services, which hmgs do factor in their budgets. P and L are part of business and hmg is just a big business who make the rules. They cannot cover losses by taking off the users of the services which are non profit making.

 

[Wisbech Eagle]

It looks like your own thread,no one else gives a 4x about the budget.It won't affect me.

Regrettably that’s not true. Increased taxes on business won’t simply be absorbed. Some will be passed on in higher prices, fuelling inflation. Dividends will suffer, depressing shares and pension pots. Increased taxes anywhere often end up getting paid by us somehow.

Most of us will be squeezed in some way.

Paul Johnson suggested a 3p hike in income tax would have raised more and cost us less but was politically impossible.

 

[Teddy Eagle]

Buy 650 pints and get one free . What genius thought of that one up ?

All seems a bit random to me along with taxing without thinking of the consequences . Raising tax doesn't mean you will take in more tax , in fact it could mean you end up taking in less.

I always look at the markets after budget's to see how they react and they haven't really moved a lot one way or the other so it looks like a wait and see . The problem labour have now though is that they have little room for further taxation if their fiscal policies don't work out . Lets hope they have got it right

So one free pint a month? Better than a poke in the eye with a broken coat hanger.

 

[Willo]

I spent a significant amount of time yesterday in conversation with an array of people, excoriating the biggest tax raising budget in history.The damage to growth will be profound with employers and employees both bearing the brunt of the economically illiterate budget.

Labour haven't just displayed contempt for the public by misleading them during the General Election.
They've displayed contempt for Parliament by announcing important Budget measures to journalists and bankers before MPs.
And their rhetoric about the British economy has damaged business, consumer and investor confidence.

Labour spent the election campaign pretending that their party had changed.LIES,LIES and more LIES. Yesterday the mask well and truly slipped. 😡 😡 😡

 

[Rudi Hedman]

So one free pint a month? Better than a poke in the eye with a broken coat hanger.

The stupidity of saying one penny off the price of a pint. Why?

 

[Willo]

The stupidity of saying one penny off the price of a pint. Why?

There will be a stampede to Public Houses, all imbibers taking advantage of such a generous offer.Some gentleman commented to me that his £5.60 pint will cost £5.59 which is a cause for celebration.
🙁🙁

 

[Rudi Hedman]

There will be a stampede to Public Houses, all imbibers taking advantage of such a generous offer.
🙁🙁

It’s a tiny benefit to publicans. No need to mention customers, because they won’t even see the one penny saving. Are they taking the p1ss or just idiotic?

 

[Wisbech Eagle]

I spent a significant amount of time yesterday in conversation with an array of people, excoriating the biggest tax raising budget in history.The damage to growth will be profound with employers and employees both bearing the brunt of the economically illiterate budget.

Labour haven't just displayed contempt for the public by misleading them during the General Election.
They've displayed contempt for Parliament by announcing important Budget measures to journalists and bankers before MPs.
And their rhetoric about the British economy has damaged business, consumer and investor confidence.

Labour spent the election campaign pretending that their party had changed.LIES,LIES and more LIES. Yesterday the mask well and truly slipped. 😡 😡 😡

I guess you’re going to vote Tory then?

We tried that for the last 14 years and have to wait for another 4 to do it again.

With the choice of leadership they now have you may be feeling very lonely by then.

 

[Wisbech Eagle]

It’s a tiny benefit to publicans. No need to mention customers, because they won’t even see the one penny saving. Are they taking the p1ss or just idiotic?

It was a token and a joke when the expectation was a rise.

That people like you produce more froth than a badly poured Guinness is the joke.

 

[Willo]

It’s a tiny benefit to publicans. No need to mention customers, because they won’t even see the one penny saving. Are they taking the p1ss or just idiotic?

Many of these customers will feel the profound effect of the rise in employers NI contributions.
It is a tax on jobs, and will make it harder for businesses to hire staff and increase pay.

The increase in 'Capital Gains Tax' , will also effect such customers with assets and investments to supplement their retirement.
The Increase in 'Stamp Duty', will also adversely affect people looking to move for work or for starting a family.
All this cohort can console themselves that their pint will cost a penny less.
🙁🙁😡

 

[Palace Old Geezer]

It’s a tiny benefit to publicans. No need to mention customers, because they won’t even see the one penny saving. Are they taking the p1ss or just idiotic?

Both Rudi. They are definitely extracting the urine and they are very idiotic.
This government is behaving more like a state run, communist dictatorship.

 

[Teddy Eagle]

The stupidity of saying one penny off the price of a pint. Why?

Can only imagine its a way of subverting expectations in that most budgets see a price rise and theirs hasn't. When the next budget raises the price by 2 p on top of whatever else is added everybody will have forgotten this stunt.

 

[Willo]

Both Rudi. They are definitely extracting the urine and they are very idiotic.
This government is behaving more like a state run, communist dictatorship.

Rachel Reeves has replaced a picture of Nigel Lawson with one of Ellen Wilkinson, a founder of the Communist Party of Great Britain and a staunch defender of Stalin.

 

[Badger11]

Let’s be honest… this Budget is austerity for the private sector - CityAM

Rachel Reeves has introduced a new kind of Marxism with this Budget, where private industry foots the bill for an expanding public sector, and the poorest don't get better off

www.cityam.com

 

[Willo]

Let’s be honest… this Budget is austerity for the private sector - CityAM

Rachel Reeves has introduced a new kind of Marxism with this Budget, where private industry foots the bill for an expanding public sector, and the poorest don't get better off

www.cityam.com

I garland the article with approbation.

The Budget and the Government have been on the end of my unrelenting invective with high-grade ordnance dropped from a height.The ordure will be persistent.

 

[Hrolf The Ganger]

For gawd sake.

They were always going to tax and spend. That's what they always do. This was a massive tax hike.

How can you say on the one hand that there is a massive financial black hole and then spend money on all sorts? It's baloney.

I really do hope that some of the money spent improves things, but whether it does or not, those that work for a living will be paying for it directly or indirectly, make no mistake.

In the end, politicians get judged on results. That much extra tax better produce something tangible, or they are gone next time.

 

[Palace Old Geezer]

Rachel Reeves has replaced a picture of Nigel Lawson with one of Ellen Wilkinson, a founder of the Communist Party of Great Britain and a staunch defender of Stalin.

Quite Willo. I rest my case.

 

[Willo]

I have been in a state of apoplexy about the Budget and the Left-Wing Government to the extent that my dear wife has urged me to "Calm down" else there will be need for an emergency ambulance.
Cheeks glowing red with anger and disdain, as red as a lump of topside on the block.

 

[beak]

Regrettably that’s not true. Increased taxes on business won’t simply be absorbed. Some will be passed on in higher prices, fuelling inflation. Dividends will suffer, depressing shares and pension pots. Increased taxes anywhere often end up getting paid by us somehow.

Most of us will be squeezed in some way.

Paul Johnson suggested a 3p hike in income tax would have raised more and cost us less but was politically impossible.

To make that judgement you would have to be very well acquainted with my circumstances.

 

[Rudi Hedman]

I am trying to listen to James o Brien on LBC to learn what he and they think and what the ideas and aims are behind this. To be fair to him he said he doesn’t know if it’s going to work. I’ve got a lot further than the usual 30 seconds.

He went into one about regulating big business, protecting employees and some baron who was on the tv complaining he can’t afford pay rises when he’s a multimillionaire. Unfortunately there are a few more very wealthy people who’ve claimed hardship in his eyes, which doesn’t help with the real error in this budget…. Small businesses which employ many people in Britain are going to feel the effects of this, which in turn will affect employees and growth, or maybe not, if they’re kept on etc. There’s no mention of that. Just James Dyson and Jeremy Clarkson.

JOB still hasn’t explained what Reeves is trying to do with this budget. There’s been some analysis and a lot of ‘’poor old non doms and private jet owners’’ which is fair enough I think.