What’s in the box? – politicalbetting.com

Options
1…68101112

Comments

  • MaxPB
    MaxPB Posts: 40,327
    logical_song said:

    MaxPB said:

    Casino_Royale said:

    Cutting draft beer duty by 1.7%

    She's learned a little bit of politics

    But what qualifies as craft, I mean most of the "craft" beer brands in the UK are owned by the big drinks conglomerates now. I hope this is defined properly.
    Draft not Craft
    Oh right, meh not sure that's going to make a huge difference, what is that 10p off a pint?
  • Casino_Royale
    Casino_Royale Posts: 63,687
    MaxPB said:

    Casino_Royale said:

    Cutting draft beer duty by 1.7%

    She's learned a little bit of politics

    But what qualifies as craft, I mean most of the "craft" beer brands in the UK are owned by the big drinks conglomerates now. I hope this is defined properly.
    Draft. Or maybe draught.
  • MoonRabbit
    MoonRabbit Posts: 14,381
    TheScreamingEagles said:

    Casino_Royale said:

    Capital gains rises...

    Lower rate from 10% to 18%
    Higher rate from 20% to 24%

    This government hates me.
    Not happy about the budget? It’s accrual world
  • Casino_Royale
    Casino_Royale Posts: 63,687
    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch
  • kinabalu
    kinabalu Posts: 46,273
    TimS said:

    FrancisUrquhart said:

    Fuel duty was surely an easy one, price at the pump is down from highs, hasn't risen for forever.

    Bit weird bus wankers have got hammered, but not drivers.

    Bad decision. Really don't understand that one
    Pure politics but understandable. If people have to pay more to fuel their car there's a risk they'll turn to far right demagoguery.
  • Stereodog
    Stereodog Posts: 1,091
    Looks like I'll have to stock up on my £1 vape juice before October 2026. Sigh
  • BatteryCorrectHorse
    BatteryCorrectHorse Posts: 4,967
    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
  • MaxPB
    MaxPB Posts: 40,327
    numbertwelve said:

    I can confidently predict now that the private schools taxes won’t raise £9BN

    That's absolutely laughable.
  • Anabobazina
    Anabobazina Posts: 23,795
    Bins the freeze on Income Tax thresholds from 2028. A surprise!
  • BatteryCorrectHorse
    BatteryCorrectHorse Posts: 4,967
    Freezing fuel duty again is CRAZY.
  • squareroot2
    squareroot2 Posts: 7,098
    So Ers ni up employers won't give pay rises. Ergo employees much worse off

    Smoke and mirrors budget
  • LostPassword
    LostPassword Posts: 19,679
    Committed to increase thresholds on income tax from 2028-9. Wonder if that will survive contact with reality.
  • MaxPB
    MaxPB Posts: 40,327
    LostPassword said:

    Committed to increase thresholds on income tax from 2028-9. Wonder if that will survive contact with reality.

    Doubtful.
  • biggles
    biggles Posts: 6,817
    edited October 2024
    Those overall rates of growth in spending mean deep cuts, given what we know about protected Departments.
  • Casino_Royale
    Casino_Royale Posts: 63,687
    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
  • Stuartinromford
    Stuartinromford Posts: 19,148
    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
  • kinabalu
    kinabalu Posts: 46,273
    Anabobazina said:

    Bins the freeze on Income Tax thresholds from 2028. A surprise!

    Mini rabbit that.
  • Casino_Royale
    Casino_Royale Posts: 63,687
    LostPassword said:

    Committed to increase thresholds on income tax from 2028-9. Wonder if that will survive contact with reality.

    They'll probably be lifted a bit just because an election will be due.
  • MarqueeMark
    MarqueeMark Posts: 55,459
    biggles said:

    Those overall rates of growth in spending mean deep cuts, given what we know about protected Departments.

    All as predicted at the time of the general election....
  • Pulpstar
    Pulpstar Posts: 79,814
    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    Does that come in from next April ?
  • eek
    eek Posts: 30,708
    Pulpstar said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    Does that come in from next April ?
    yep
  • GIN1138
    GIN1138 Posts: 22,938
    BatteryCorrectHorse said:

    Freezing fuel duty again is CRAZY.

    Don't worry, drivers will pay for it with Pay-Per-Mile in a couple of years...
  • BatteryCorrectHorse
    BatteryCorrectHorse Posts: 4,967
    edited October 2024
    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    She is not a bitch.

    I’ve been extremely supportive and kind to you over many months, as I know you’ve had issues yourself especially around the impact of the private schools change. And I emphasise with you.

    Also, for all you post, I genuinely do not think you are a bad guy. So I really hope this is just a temporary lapse. We may not agree politically in any way but I’ve got no personal issues with you.

    But please do not take it out on me. I will hope you will apologise.
  • Tres
    Tres Posts: 2,927
    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
  • kinabalu
    kinabalu Posts: 46,273
    Stereodog said:

    Looks like I'll have to stock up on my £1 vape juice before October 2026. Sigh

    Worse for me. I do disposables which are to be banned.

    Still, can't argue with it. No brainer really.
  • david_herdson
    david_herdson Posts: 18,357
    LostPassword said:

    Committed to increase thresholds on income tax from 2028-9. Wonder if that will survive contact with reality.

    Do you mean waiting that long or that the increase will finally come?

    It's a very long freeze otherwise and it's not so much jam tomorrow as jam next decade. She seemed very pleased with herself at the announcement. I don't think the public will be so thankful, and nor do the politics make much sense given that the increases in the allowance will barely be felt by the next election (and are only the end to a tax increase anyway; it's not a cut).
  • Casino_Royale
    Casino_Royale Posts: 63,687
    BatteryCorrectHorse said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    She is not a bitch.

    I’ve been extremely supportive and kind to you over many months, as I know you’ve had issues yourself especially around the impact of the private schools change. And I emphasise with you.

    But please do not take it out on me. I will hope you will apologise.
    Don't flag me then and be a twat
  • MaxPB
    MaxPB Posts: 40,327
    biggles said:

    Those overall rates of growth in spending mean deep cuts, given what we know about protected Departments.

    All of the growth is being handed to the state though so not necessarily.
  • Anabobazina
    Anabobazina Posts: 23,795
    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    You sleep deprived again?

    Give over with the ungallant language, it’s unlike you.
  • Casino_Royale
    Casino_Royale Posts: 63,687
    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
  • Sunil_Prasannan
    Sunil_Prasannan Posts: 55,080
    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    She is not a bitch.

    I’ve been extremely supportive and kind to you over many months, as I know you’ve had issues yourself especially around the impact of the private schools change. And I emphasise with you.

    But please do not take it out on me. I will hope you will apologise.
    Don't flag me then and be a twat
    Now then, children!
  • Nigelb
    Nigelb Posts: 79,358
    MaxPB said:

    numbertwelve said:

    I can confidently predict now that the private schools taxes won’t raise £9BN

    That's absolutely laughable.
    Weren't they actually advised it wouldn't ?

    I don't have skin in the game on this one, but it appears financial fantasy stuff.
  • Malmesbury
    Malmesbury Posts: 55,725
    kinabalu said:

    Stereodog said:

    Looks like I'll have to stock up on my £1 vape juice before October 2026. Sigh

    Worse for me. I do disposables which are to be banned.

    Still, can't argue with it. No brainer really.
    Want to get in on the ground floor of my new business? Executive quality go-fast boat shuttles across the Channel.
  • CharlieShark
    CharlieShark Posts: 451
    kinabalu said:

    Anabobazina said:

    Bins the freeze on Income Tax thresholds from 2028. A surprise!

    Mini rabbit that.
    A rabbit kept in a hat for 4 years is unlikely to survive.
  • biggles
    biggles Posts: 6,817
    Empowering Burnham is courageous.
  • BatteryCorrectHorse
    BatteryCorrectHorse Posts: 4,967
    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    She is not a bitch.

    I’ve been extremely supportive and kind to you over many months, as I know you’ve had issues yourself especially around the impact of the private schools change. And I emphasise with you.

    But please do not take it out on me. I will hope you will apologise.
    Don't flag me then and be a twat
    I don’t agree with the language you used. I stand by that.

    I would hope you will apologise to me when you are ready. I am happy to forgive what you’ve said.

    As above, I’ve got no personal issues with you. I think deep down you are probably decent and kind.
  • numbertwelve
    numbertwelve Posts: 7,728
    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
  • kenObi
    kenObi Posts: 247
    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    True colours showing through there.

    With this kind of misogyny, I'm delighted that she has put VAT on school fees.
  • david_herdson
    david_herdson Posts: 18,357
    kinabalu said:

    TimS said:

    FrancisUrquhart said:

    Fuel duty was surely an easy one, price at the pump is down from highs, hasn't risen for forever.

    Bit weird bus wankers have got hammered, but not drivers.

    Bad decision. Really don't understand that one
    Pure politics but understandable. If people have to pay more to fuel their car there's a risk they'll turn to far right demagoguery.
    She didn't need to freeze the duty though. A more modest rise than that planned could still be played as a 'cut' and fuel rates are pretty low at the moment - a 3p/ltr rise (say) is only bouncing the price around the levels it's been at for much of the last month, and much lower than it's been across most of the last 3 years.
  • Fishing
    Fishing Posts: 5,711
    MaxPB said:

    Casino_Royale said:

    Inheritance tax:

    Thresholds frozen to 2030
    Inherited pensions in by 2027
    Agricultural and business property in scope

    Farming sector, destroyed.
    It is a terribly low wage, low productivity sector that gobbles subsidies and uses labour and capital inefficiently.

    So good.
  • eek
    eek Posts: 30,708
    GIN1138 said:

    BatteryCorrectHorse said:

    Freezing fuel duty again is CRAZY.

    Don't worry, drivers will pay for it with Pay-Per-Mile in a couple of years...
    That's the problem - there is no easy way of doing that...
  • GIN1138
    GIN1138 Posts: 22,938
    RACHEL
  • MarqueeMark
    MarqueeMark Posts: 55,459
    GIN1138 said:

    BatteryCorrectHorse said:

    Freezing fuel duty again is CRAZY.

    Don't worry, drivers will pay for it with Pay-Per-Mile in a couple of years...
    A good way to kill their political chances with anyone not living in a metropolitan centre.
  • FrancisUrquhart
    FrancisUrquhart Posts: 85,742
    edited October 2024
    numbertwelve said:

    I can confidently predict now that the private schools taxes won’t raise £9BN

    The heavily biased report written by best man of a Labour minister said they might get £1bn from the VAT....better to pencil it in as bugger all extra revenue raised, especially after the really big rich private school get their accountants on what they can claim back.

    Its all red meat left wing politics, not economics.
  • Pulpstar
    Pulpstar Posts: 79,814
    I was convinced she'd hike fuel duty. Filled the Mrs' car today lol. I'll have to raise an unexpected pint to Rachel for that lol :D
  • GIN1138
    GIN1138 Posts: 22,938
    MarqueeMark said:

    GIN1138 said:

    BatteryCorrectHorse said:

    Freezing fuel duty again is CRAZY.

    Don't worry, drivers will pay for it with Pay-Per-Mile in a couple of years...
    A good way to kill their political chances with anyone not living in a metropolitan centre.
    Sir Tony has spoken!
  • BatteryCorrectHorse
    BatteryCorrectHorse Posts: 4,967
    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    This is just nasty and again unnecessary.
  • Malmesbury
    Malmesbury Posts: 55,725
    Nigelb said:

    MaxPB said:

    numbertwelve said:

    I can confidently predict now that the private schools taxes won’t raise £9BN

    That's absolutely laughable.
    Weren't they actually advised it wouldn't ?

    I don't have skin in the game on this one, but it appears financial fantasy stuff.
    Linear thinking on economics is common, especially on the Left.

    Mind you, the look you get on peoples faces when you start to explain the consequences of non-linearity. The kingdom of Saturn and all that.
  • kenObi
    kenObi Posts: 247
    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    don't think your own hand counts...
  • Pulpstar
    Pulpstar Posts: 79,814
    Fishing said:

    MaxPB said:

    Casino_Royale said:

    Inheritance tax:

    Thresholds frozen to 2030
    Inherited pensions in by 2027
    Agricultural and business property in scope

    Farming sector, destroyed.
    It is a terribly low wage, low productivity sector that gobbles subsidies and uses labour and capital inefficiently.

    So good.
    Siri, show me how I can increase food inflation long term.
  • numbertwelve
    numbertwelve Posts: 7,728
    SHAME!!! Lol
  • MaxPB
    MaxPB Posts: 40,327
    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
  • squareroot2
    squareroot2 Posts: 7,098
    edited October 2024
    The ERS NI increase is selective employment tax by another device. A tax on jobs. Where are the pay increases going to come from....
  • Stereodog
    Stereodog Posts: 1,091
    kinabalu said:

    Stereodog said:

    Looks like I'll have to stock up on my £1 vape juice before October 2026. Sigh

    Worse for me. I do disposables which are to be banned.

    Still, can't argue with it. No brainer really.
    Manufacturers are getting round it by making those ones that have a few extra tanks so are technically refillable even though you dispose of them after that. Disposables are very convenient but I feel terrible about myself for using them.
  • Eabhal
    Eabhal Posts: 11,276
    Weird budget so far.
  • FrancisUrquhart
    FrancisUrquhart Posts: 85,742
    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    I am sure we were told the government was uniquely focused upon growth, growth, growth....
  • numbertwelve
    numbertwelve Posts: 7,728
    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    Ah! But it’ll be the business’ fault, not the government’s. That’s the calculation anyway. Grossly political but then we are now well versed in grossly political budgets.
  • kinabalu
    kinabalu Posts: 46,273
    CharlieShark said:

    kinabalu said:

    Anabobazina said:

    Bins the freeze on Income Tax thresholds from 2028. A surprise!

    Mini rabbit that.
    A rabbit kept in a hat for 4 years is unlikely to survive.
    But it is out of the hat. People thought the freeze would be extended. Nice bit of politics.
  • FrancisUrquhart
    FrancisUrquhart Posts: 85,742
    The current 75% discount to business rates - due to expire in April 2025 - will be replaced by a discount of 40% - up to a maximum discount of £110k. It still means that many businesses will see their business rates nearly double....
  • Pulpstar
    Pulpstar Posts: 79,814
    10 Yr Gilt remaining steady at 4.2%, so it's definitely a better budget than Truss gave us.
  • GIN1138
    GIN1138 Posts: 22,938
    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    LOL! This could be a possible candidate for post of the year! 😂
  • numbertwelve
    numbertwelve Posts: 7,728
    FrancisUrquhart said:

    The current 75% discount to business rates - due to expire in April 2025 - will be replaced by a discount of 40% - up to a maximum discount of £110k. It still means that many businesses will see their business rates nearly double....

    Good spot.
  • Foxy
    Foxy Posts: 52,171
    Pulpstar said:

    I was convinced she'd hike fuel duty. Filled the Mrs' car today lol. I'll have to raise an unexpected pint to Rachel for that lol :D

    That pint will be 1p cheaper too 😉 🍺
  • FrancisUrquhart
    FrancisUrquhart Posts: 85,742
    edited October 2024
    “But given the scale of the challenge we face in our public services” there will still be hard decisions to come.

    So same again, next year....going to be lube shortages.
  • Ratters
    Ratters Posts: 1,396
    edited October 2024
    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    Not necessarily regarding business investment: this increases the cost of labour and so may push companies to invest in capital that reduces the number of employees needed.

    Or, at the margins, increase prices.
  • Sandpit
    Sandpit Posts: 56,045
    Been out for a couple of hours, anything happened?
  • MarqueeMark
    MarqueeMark Posts: 55,459
    BBC: There will be no return to austerity, Reeves says.

    I reckon it is still going to feel like it to many who voted Labour expecting, er, no return to austerity.

    No return to prosperity looks nailed on.

  • MaxPB
    MaxPB Posts: 40,327
    numbertwelve said:

    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    Ah! But it’ll be the business’ fault, not the government’s. That’s the calculation anyway. Grossly political but then we are now well versed in grossly political budgets.
    The government will definitely get the blame when unemployment starts to go up. The bigger issue here is that this hurts hiring at the bottom of the pay scale where the extra £600 is a much larger proportion of the overall package so it's lower skilled workers who will now end up on the dole or live without pay rises for 3-4 years.
  • kinabalu
    kinabalu Posts: 46,273
    Stereodog said:

    kinabalu said:

    Stereodog said:

    Looks like I'll have to stock up on my £1 vape juice before October 2026. Sigh

    Worse for me. I do disposables which are to be banned.

    Still, can't argue with it. No brainer really.
    Manufacturers are getting round it by making those ones that have a few extra tanks so are technically refillable even though you dispose of them after that. Disposables are very convenient but I feel terrible about myself for using them.
    Yes me too. I'm happy to lose the right to make that bad choice.
  • Taz
    Taz Posts: 19,666
    edited October 2024
    GIN1138 said:

    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    LOL! This could be a possible candidate for post of the year! 😂
    Was the NPXMP threesome post this year ?
  • FrancisUrquhart
    FrancisUrquhart Posts: 85,742
    edited October 2024
    Foxy said:

    Pulpstar said:

    I was convinced she'd hike fuel duty. Filled the Mrs' car today lol. I'll have to raise an unexpected pint to Rachel for that lol :D

    That pint will be 1p cheaper too 😉 🍺
    After all the tax rises on the pub and supermarket costs, I highly doubt it.....
  • Pulpstar
    Pulpstar Posts: 79,814
    Tbf it's an amazing budget for companies that provide self checkouts to supermarkets.
  • Anabobazina
    Anabobazina Posts: 23,795
    Pulpstar said:

    10 Yr Gilt remaining steady at 4.2%, so it's definitely a better budget than Truss gave us.

    TRUSS
  • Taz
    Taz Posts: 19,666
    TimS said:

    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    The funny thing about this forum is that you tend imagine the posters look like their human avatars. I used to think you looked like the side of a cow but now you're a moustachioed sex god.
    I Can assure you I look nothing like Denise Welch.
  • MaxPB
    MaxPB Posts: 40,327
    Ratters said:

    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    Not necessarily regarding business investment: this increases the cost of labour and so may push companies to invest in capital that reduces the number of employees needed.

    Or, at the margins, increase prices.
    Yes, I guess we will see more self checkouts and robot shelf filling in supermarkets.
  • GIN1138
    GIN1138 Posts: 22,938
    Taz said:

    GIN1138 said:

    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    LOL! This could be a possible candidate for post of the year! 😂
    Was the NPXMP threesome post this year ?
    Late 2023 wasn't it? But yes, that one was a shocker! :open_mouth:
  • RobD
    RobD Posts: 60,611
    Pulpstar said:

    Tbf it's an amazing budget for companies that provide self checkouts to supermarkets.

    When you are at full employment that's probably a good thing!
  • carnforth
    carnforth Posts: 6,691
    carnforth said:

    Casino_Royale said:

    Fuel duty frozen - means bigger increase elsewhere

    How odd. Fuel being cheap at the moment would make this easy. Wonder what Miliband thinks.

    Doing my self-employment tax return as I watch.
    Good news from this process: I don't owe as much tax as I feared
    Bad news: Finding out how little I earned last year is emasculating.

    This year looks better, though.
  • Barnesian
    Barnesian Posts: 9,221
    Letting Councils keep receipts from right to buy is excellent news
  • eek
    eek Posts: 30,708
    MaxPB said:

    numbertwelve said:

    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    Ah! But it’ll be the business’ fault, not the government’s. That’s the calculation anyway. Grossly political but then we are now well versed in grossly political budgets.
    The government will definitely get the blame when unemployment starts to go up. The bigger issue here is that this hurts hiring at the bottom of the pay scale where the extra £600 is a much larger proportion of the overall package so it's lower skilled workers who will now end up on the dole or live without pay rises for 3-4 years.
    There will be a lot of companies where expanding beyond say 3 employees no longer makes any sense...
  • RochdalePioneers
    RochdalePioneers Posts: 30,611
    edited October 2024
    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    With respect to the likes of Tesco, its about time that they pay more and get subsidised less.
  • SirNorfolkPassmore
    SirNorfolkPassmore Posts: 7,367
    Pulpstar said:

    Fishing said:

    MaxPB said:

    Casino_Royale said:

    Inheritance tax:

    Thresholds frozen to 2030
    Inherited pensions in by 2027
    Agricultural and business property in scope

    Farming sector, destroyed.
    It is a terribly low wage, low productivity sector that gobbles subsidies and uses labour and capital inefficiently.

    So good.
    Siri, show me how I can increase food inflation long term.
    Surely food inflation (in terms of the raw materials) is driven primarily by international commodity markets?

    I mean, there are perfectly valid reasons why you might want to help the UK farming sector, but inflationary risk if you don't isn't really one of them.
  • FrancisUrquhart
    FrancisUrquhart Posts: 85,742
    BBC -

    Prisons are full and the criminals courts are facing backlogs that mean defendants, witnesses, and victims are having to wait up to several years before giving evidence. The criminal justice system is in crisis.

    A 2% cut across all government departments will be unwelcome news to the Ministry of Justice as it faces numerous challenges. It's promised to sort prisons out and has released thousands of offenders early to ease the pressure on the system. But it’s also committed to more jails and creating an extra fourteen thousand new places.
  • Stuartinromford
    Stuartinromford Posts: 19,148
    JosiasJessop said:

    TimS said:

    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    The funny thing about this forum is that you tend imagine the posters look like their human avatars. I used to think you looked like the side of a cow but now you're a moustachioed sex god.
    There are certain posters on PB who claim to be professionals and managers of people. Yet the side of their natures they expose online appear utterly unprofessional and give the impression they would be terrible managers of people.

    Whereas PB lawyers tend to be more... lawyerly.
    And PB teachers do the best puns.
  • MoonRabbit
    MoonRabbit Posts: 14,381
    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    You are not wrong. And of course every expert saying “it brings in XX billion” is based on predictions for growth - that would be a prediction about 1.1% for 2025? Less than 1.1 and lot less tax coming in, and unbalanced budget.

    Taxes are set, growth decides the income, and how many growth predictions prove all that accurate? For example, every expert you hear in next 3 days saying it brings in xx because growth in 25 will be x.x and 26 x.x etc etc, is that factoring in Tariff Trumps victory, or factoring out Tarif Trumps victory? Two very different growth figures.

    Whatever side of the argument, or from economist, journalist or politician, what they will pass off as fact, is actually guesswork on unknown unknowns.
  • kinabalu
    kinabalu Posts: 46,273
    Malmesbury said:

    kinabalu said:

    Stereodog said:

    Looks like I'll have to stock up on my £1 vape juice before October 2026. Sigh

    Worse for me. I do disposables which are to be banned.

    Still, can't argue with it. No brainer really.
    Want to get in on the ground floor of my new business? Executive quality go-fast boat shuttles across the Channel.
    Bit of that no doubt. But I won't be buying once they're illegal and nor will most who currently use the wretched things.
  • theProle
    theProle Posts: 1,411
    BatteryCorrectHorse said:

    Freezing fuel duty again is CRAZY.

    It's about the only sane thing she's done. It's horribly inflationary, and increasingly regressive as the well off drive EVs and pay nothing, whilst normals, particularly at the poorer end drive Ice and will be doing so for at least another ten years (average age of cars on my working class street is about the 10 year mark).
  • Anabobazina
    Anabobazina Posts: 23,795
    ….
  • LostPassword
    LostPassword Posts: 19,679
    Effing potholes.
  • MaxPB
    MaxPB Posts: 40,327
    RochdalePioneers said:

    MaxPB said:

    numbertwelve said:

    Stuartinromford said:

    numbertwelve said:

    Still not convinced this is all adding up….. but difficult to say at this point

    Beeb are saying that the reduction in employer NI threshold raises £25 billion. (It's 15% on another £4000 of pay, so that's about £600 per worker, which is a hefty slice of the amount needed.)
    True, but there’s a lot of heavy lifting in the small print, it feels to me. I may be wrong…
    For Tesco that's about £200m in NI just for that plus the increase in Employer's NI. Anyone who thinks this won't hit business investment and pay growth is kidding themselves. Two of the most reliable ways to increase GDP - business investment and real terms pay rises - are now off the table for at least 3-4 years while business recover the money elsewhere in the P&L.
    With respect to the likes of Tesco, its about time that they pay more and get subsidised less.
    Maybe, but this will only serve to hurt the actual employees who will have to live with 3-4 years of no pay growth and it also means that without the pay growth lower paid employees will still need in working benefit top ups.
  • Taz
    Taz Posts: 19,666
    Green Hydrogen now.
  • kinabalu
    kinabalu Posts: 46,273
    Anabobazina said:

    Pulpstar said:

    10 Yr Gilt remaining steady at 4.2%, so it's definitely a better budget than Truss gave us.

    TRUSS
    Hope she's watching and taking notes.
  • DavidL
    DavidL Posts: 55,867
    RochdalePioneers said:

    TRANSPORT - Reeves announces schemes that have already been completed. Impressive news!!!

    That's what you call delivery!
  • numbertwelve
    numbertwelve Posts: 7,728
    Rachel has a very weird delivery that makes her sound like she’s surprised at what she’s reading out…
  • Taz
    Taz Posts: 19,666
    edited October 2024
    GIN1138 said:

    Taz said:

    GIN1138 said:

    Casino_Royale said:

    Tres said:

    Casino_Royale said:

    BatteryCorrectHorse said:

    Casino_Royale said:

    VAT on private schools from 1st Jan 2025 confirmed and to remove business rate relief

    Bitch

    I’ve flagged this. Just totally unnecessary language.
    Totally necessary. She is a bitch.

    And you are a sad fuckwit.
    Grow up, incel
    Have more sex than you'll have in a million years mate, you sad Lefty twat
    LOL! This could be a possible candidate for post of the year! 😂
    Was the NPXMP threesome post this year ?
    Late 2023 wasn't it? But yes, that one was a shocker! :open_mouth:
    It was a corker. But, in that case, doesn't qualify for this year so this one may well be post of the year.
This discussion has been closed.

Categories