The budget
Let's focus on the budget! (Muslims or not)
In particular people on the lowest incomes: Quote:
I ain't making £131,000, do I qualify for universal whatrever-is-called benefit? |
Re: The budget
The NI cut is a headline grabbing initiative that will make people feel richer because the net pay amount that is on their payslip and which appears on their bank balance will be numerically larger - significantly so, for middle earners and upwards. But as he hasn’t increased tax thresholds in line with inflation for several years now, we are all worse off in real terms even after the NI cut.
This will have been a useful exercise for the economy if it prompts consumer spending sufficiently to jolt it back into life, however mostly it’s a blatant electioneering stunt, with the added bonus of, if it doesn’t work and Labour gets in, screwing their own economic plans from day one. I noticed the official Treasury PR photo of Jeremy Hunt preparing his budget had him sitting beneath a framed portrait of Nigel Lawson. Jeremy Hunt is not Nigel Lawson. |
Re: The budget
It's a shit budget because it does not address any of the root causes of our problems nor does help the people at the low end of income.
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Re: The budget
I stocked-up on beer, expecting a tax hike. Well, at least I won't have to buy any more for a while.
I no longer pay N.I., have not had Child Benefit for over a decade, so it was a nothing budget for me. |
Re: The budget
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The UK sadly remains on track for its predicted 15% reduction in trade intensity as a result of Brexit. So what? Trade intensity increases competition and allows countries to specialise in what they're relatively more efficient at, thereby increasing productivity. |
Re: The budget
Personally, I’ll continue to get hammered on tax. I’m not a massive drinker so not much of an impact there, lung lollies well obviously there’s an increase there
Meh for me |
Re: The budget
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There’s one way out and it’s the big “do not touch” button. A wealth tax. |
Re: The budget
How will a wealth tax increase wages?
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Given the state of the economy, we'll probably have to do a wealth tax without a reduction in income tax if councils aren't to go to the wall next year. |
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Or a third way? Which I’d be happy to listen to. |
Re: The budget
Undoubtedly el gov will pump out another budget before the election later this year...
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Re: The budget
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Fortunately, the financial world did not collapse onto the government Truss style so there won't be another budget in the immediate weeks! |
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