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Re: A 28% return in just over a month? – politicalbetting.com
Kemi is the DM spokesperson. Flailing around and seeing the worst in everything while being nasty with it. Nigel is more Telegraph. A bit quieter but ultimately owned by foreign interestsIn news that will surprise no one the daily mail is not keen on the budgetMy shares are up, and the pound seems to have recovered some of its recent losses. Why is the Mail not overjoyed?
I'm not sure that's what a Labour budget is supposed to do but I'd have thought that's the kind of thing Mail readers would approve of.
How many copies does it sell now?
Re: A 28% return in just over a month? – politicalbetting.com
You are falling for all the anchoring. Labour promised no more than £8.5bn in tax rises, we are now at £80bn from two budgets and the highest tax burden ever incoming. There are loads of "horrors", it just isn't one big thing, it masses and masses of small things or fiscal drag whacking people in every which way e.g. student loan repayments.Does everyone agree Kemi came out best yesterday?No,. I thought Reeves gave a confident budget speech that contained few of the trailed horrors advertised. After the fiasco of all the leaking over the last 2 months and doom laden talk it went well, despite the OBR prematurely publishing it. I hope that she has learned the benefit of budget purdah, and will get OBR water-tight. I am not a fan of this government and won't vote for them but she did alright. She lives to fight another day.
Badenoch's response was poor, containing little of substance and was hectoring and shouty. I was listening on 5Live and turned her off before she finished because it was so unlistenable. There was no insight or context. To say that the freezing of thresholds breaks the pledge on tax rises without acknowledging that the same threshold freeze was put in place by her own government until 2028 is just rank hypocracy. I really though she would be better as LOTO than she has been, and the opposition looks a long way off looking a viable alternative government, or even realising why they had such a crushing defeat 16 months ago.
Re: A 28% return in just over a month? – politicalbetting.com
AI tells me it’s 617k daily and 1.3m on SaturdaysIn news that will surprise no one the daily mail is not keen on the budgetMy shares are up, and the pound seems to have recovered some of its recent losses. Why is the Mail not overjoyed?
I'm not sure that's what a Labour budget is supposed to do but I'd have thought that's the kind of thing Mail readers would approve of.
How many copies does it sell now?
For me the budget isn’t intrinsically bad, but it’s another massive missed opportunity. The country is drifting and Labour were gifted the chance and the majority to steer it in a new direction. I might not have agreed with their plans but a degree of boldness would have been great to see.
As the old cliche has it: inaction is action.
Re: A 28% return in just over a month? – politicalbetting.com
One thing the budget show is that Labour aren't going to actual reform anything. There is no big bold vision. Its just drip drip drip more taxes, drag a load of people into higher rate tax and bung some more public spending at certain groups. And every new tax / change, appears pretty poorly thought out and adds complexity.
There isn't any desire of actually changing even some of the most glaring flaws. No plan for growth. Its just now poorly managed decline for a few years, load more taxes in the year before the GE to pay for all the spending being done now, and then pitching not being Reform at the next GE.
There isn't any desire of actually changing even some of the most glaring flaws. No plan for growth. Its just now poorly managed decline for a few years, load more taxes in the year before the GE to pay for all the spending being done now, and then pitching not being Reform at the next GE.
Re: A 28% return in just over a month? – politicalbetting.com
The next net migration update is expected tomorrow . It’s likely to show another big fall which might please some but is one of the reasons that growth is struggling .High time we made per capita the headline figure.
The OBR note this as one of the contributing factors .
Re: A 28% return in just over a month? – politicalbetting.com
"Rachel Reeves should squeeze the middleI misread that as "Alan B'Stard". Which I realised dates me.
The Chancellor is too scared of the electorate
Aaron Bastani" (£)
https://unherd.com/2025/11/rachel-reeves-should-squeeze-the-middle
ohnotnow
6
Re: A 28% return in just over a month? – politicalbetting.com
So, I've read the budget (so you don't have to) and buried in the small print is this little gem:
"Following re-costings conducted by HMRC, and certified by the Office for Budget Responsibility (OBR), the reforms to the taxation of non-domiciled individuals implemented in April are now expected to raise £39.5 billion across the scorecard, and VAT on private school fees is expected to raise an average of £40 million extra per year."
£40 million a year. Let that sink in a minute. Just *£40 million*. It was originally supposeed to be £1.75bn extra.
Bet it's actually negative in reality. Labour has closed independent schools, reduced the size of the education sector, and increased the burden on the public purse - all at the same time.
"Following re-costings conducted by HMRC, and certified by the Office for Budget Responsibility (OBR), the reforms to the taxation of non-domiciled individuals implemented in April are now expected to raise £39.5 billion across the scorecard, and VAT on private school fees is expected to raise an average of £40 million extra per year."
£40 million a year. Let that sink in a minute. Just *£40 million*. It was originally supposeed to be £1.75bn extra.
Bet it's actually negative in reality. Labour has closed independent schools, reduced the size of the education sector, and increased the burden on the public purse - all at the same time.
Re: A 28% return in just over a month? – politicalbetting.com
Government says it will spend £1.8 billion on Digital ID, a proposal which was not in Labour's manifesto.
But cannot apparently find the money to reduce the backlog in the criminal justice system.
Of course, it bloody can. The total budget for the Courts and Tribunals service is £3.1 billion. So that £1.8 billion or a significant proportion of it would do a great deal to reduce and probably eliminate the backlog in pretty short order.
But cannot apparently find the money to reduce the backlog in the criminal justice system.
Of course, it bloody can. The total budget for the Courts and Tribunals service is £3.1 billion. So that £1.8 billion or a significant proportion of it would do a great deal to reduce and probably eliminate the backlog in pretty short order.
Re: A 28% return in just over a month? – politicalbetting.com
Labour MPs and bond markets. 2 quite different stakeholders. But which led to the budget we got.
(((Dan Hodges)))
@DPJHodges
·
56m
Important to remember. This Budget was aimed at Labour MPs, not the voters.
https://x.com/DPJHodges/status/1993766557340893547
MelonB
5
Re: A 28% return in just over a month? – politicalbetting.com
I thought it was a good Budget.
See you next year.
See you next year.
