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News & politics

The Budget

(104 Posts)
Whitewavemark2 Sun 03-Mar-24 07:12:35

Observer

“Jeremy Hunt is expected to raid the public finances to conjure some pre-election goodies in his budget on 6 March. He will create the headroom for tax cuts mainly by tightening the squeeze already imposed on Whitehall departments. And whoever takes over after the election will find gaping funding holes, empty coffers, high debt and low growth. As legacies go, Hunt’s is on course to rank as one of the worst”.

Any tax cuts will only appease his party members. The voter wants better public services, particularly health. There was no budget “bump” after the autumn statement and it is highly unlikely that the budget next week will be any more popular.

However, if there is a glimmer of hope say from a rise in the polls for Tory support - then expect an election in the spring.

It can’t come soon enough.

Urmstongran Mon 04-Mar-24 14:24:41

Vote Reform UK.

It's difficult to see how any former Tory voter could vote Tory again; we've been so utterly betrayed.

Brexit? Pah!

Oreo Mon 04-Mar-24 14:45:59

Either a tax cut or lowering the tax threshold would be good for me.

Urmstongran Mon 04-Mar-24 15:22:17

Himself just made me giggle. We were watching the lunchtime news and when Hunt ‘I will only lower taxes when it is responsible to do so’ came on, Himself said “he only needs a cowboy hat to look like Woody from the Toy Story!”. Woody he is for me now.
😁

MaizieD Mon 04-Mar-24 15:23:49

Not all tories voted for Brexit, Ug. There are still some decent ones left...

Cossy Mon 04-Mar-24 15:45:37

MaizieD

Not all tories voted for Brexit, Ug. There are still some decent ones left...

I’m pretty sure there are lots of decent Tories around. I just don’t count our current cabinet as “decent” people I’m afraid.

Cath9 Mon 04-Mar-24 16:28:27

Unfortunately. there is no decent leader .
One wants to do away with the A level examination that are needed for most careers. While the opposition intend to put up tax for those who pay for their children’s’ education.
Don’t they realise paying for eduction is actually saving the government having to put money to educate the pupil.

MaizieD Mon 04-Mar-24 16:34:29

While the opposition intend to put up tax for those who pay for their children’s’ education.

I hardly think that's an issue which is going to lose Labour many votes. There really aren't that many privately educated children.

It might even gain them some votes, though..

Whitewavemark2 Mon 04-Mar-24 16:34:33

Cath9

Unfortunately. there is no decent leader .
One wants to do away with the A level examination that are needed for most careers. While the opposition intend to put up tax for those who pay for their children’s’ education.
Don’t they realise paying for eduction is actually saving the government having to put money to educate the pupil.

That is only 7% of the population though.

So if money is raised from VAT on the services by the private sector, it can be put towards the crumbling schools and woeful lack of facilities provided to the 93%.

If parents can afford school fees they can afford to pay VAT on the services they receive.

Happygirl79 Mon 04-Mar-24 16:35:41

Cossy

We do not need tax cuts as such, we need the freeze removed on the personal allowances and this needs to rise.

We simply cannot afford the cuts we’ve already had to public services, let alone more!

I cannot see anything Hunt does is going to make a tangible difference to any “normal” people.

Whatever happens at both the budget and the GE we need to baton down the hatches and be prepared for some (further) lean years. Tories simply cannot accuse Labour of mismanaging the public purse after this govt!

This!

M0nica Mon 04-Mar-24 21:07:55

I agree. the quality of our current leaders is abysmal, mainly because, currently, the quality of our politicians, in all parties couldn't be worse - and that is where the leaders are chosen from. come from.

Cossy Mon 04-Mar-24 21:11:45

Cath9

Unfortunately. there is no decent leader .
One wants to do away with the A level examination that are needed for most careers. While the opposition intend to put up tax for those who pay for their children’s’ education.
Don’t they realise paying for eduction is actually saving the government having to put money to educate the pupil.

The amount of children educated privately, particularly at secondary level is a drop in the ocean. Starmer wishes to stop their charitable status, they are not charities! They give away a couple of bursaries a year in order to maintain this fallacy!

MaizieD Mon 04-Mar-24 21:53:54

Please, please, don't derail this thread with a a state v private school debate. We've been over and over it in the past year or two.

Suzejp Tue 05-Mar-24 11:45:35

Still smiling I'm in the same boat as you
Never paid tax for the last ten yes due to low pay , now I get state pension and small local authority pension which if that goes up I will just be over the threshold and end up paying a very small amount it tax
Totally wrong,

Amalegra Tue 05-Mar-24 12:00:13

Cossy, this is an excellent and well judged reply. I too wish for a more equitable and sustainable system for all where work is fairly rewarded and the vulnerable properly cared for.

Grantanow Tue 05-Mar-24 13:24:55

The key issue for most people is the cost of living and the appalling state of public services including the NHS and local authority services. Hunt might tinker with tax but what most of us want is a competent, consistent approach to improving services rather than shiny short term patches and posturing about Gaza, Ukraine, 'mob rule', etc. It will take time for Labour to clear up the Tory mess and we need to give them ten years to do it.

Last night's Newsnight from Doncaster East had some very cogent input by members of the public in the audience and some pretty poor responses by the politicians present. Too much hymn sheet/boilerplate from Labour and Tory MPs and a ludicrous input from Reform claiming they could fix the NHS waiting list in two years.

The audience viewed levelling up as non-existent (thanks BoJo) and one audience member rightly called it out as rhetoric.

Freya5 Tue 05-Mar-24 13:37:08

MaizieD

Freya5

Cossy

AlwaysSmiling

All I want is for the tax threshold to raise. Keeping it at it's present level is making pensioners and everyone else pay more tax. It states it will not rise until 2028. Yes we will get a great triple lock pension rise in April but I will now pay tax.
The mobile phone payments, council tax, Internet Service, TV Licence, home insurance, water rates, energy bills etc. have all risen so it is a case of they give it to us with one hand and take it back with the other.

If my late husband and I hadn't saved for a rainy day and had a small private pension, I would have got my full state pension and been able to claim benefits. I pay for Glasses and Dental treatment and they have started making some prescription items that were prescribed by hospital specialists into over the counter medication so now I have to pay for them as well. I have worked it all out and I am just a few pounds above the threshold for benefits so after paying for medication, glasses and dental treatment I am worse off than the people who claim benefits and get everything going.

If I have my time over again I would spend, spend, spend.

Totally agree and there’s always been that awful gap between being eligible to claim financial help and earning just too much but actually ending up worse off than those on lower salaries, which is utter madness!

This is absolutely correct. My granddaughter cannot get help with childcare, because her partner earns just over the threshold, "too much "in the words of the official.
Full time Law student.

Quite ironic that tory supporters, who presumably believe in self reliance and minimal state input, as those are tory dogma, should be annoyed about ineligibility for a state benefit...

How do you know my grandkids vote Tory. Disgusting. So only Labour voters and benefit takers are allowed help with childcare. Sick.

MaggsMcG Tue 05-Mar-24 14:19:34

I'm not going to hold my breathe when/if Labour win the next election both parties have completely forgotten who they are supposed to be working for. It seems all they are interested in is themselves and environmental issues without the infrastructure to support it. The ordinary everyday people end up paying for it all.

MaizieD Tue 05-Mar-24 15:16:29

Freya5

MaizieD

Freya5

Cossy

AlwaysSmiling

All I want is for the tax threshold to raise. Keeping it at it's present level is making pensioners and everyone else pay more tax. It states it will not rise until 2028. Yes we will get a great triple lock pension rise in April but I will now pay tax.
The mobile phone payments, council tax, Internet Service, TV Licence, home insurance, water rates, energy bills etc. have all risen so it is a case of they give it to us with one hand and take it back with the other.

If my late husband and I hadn't saved for a rainy day and had a small private pension, I would have got my full state pension and been able to claim benefits. I pay for Glasses and Dental treatment and they have started making some prescription items that were prescribed by hospital specialists into over the counter medication so now I have to pay for them as well. I have worked it all out and I am just a few pounds above the threshold for benefits so after paying for medication, glasses and dental treatment I am worse off than the people who claim benefits and get everything going.

If I have my time over again I would spend, spend, spend.

Totally agree and there’s always been that awful gap between being eligible to claim financial help and earning just too much but actually ending up worse off than those on lower salaries, which is utter madness!

This is absolutely correct. My granddaughter cannot get help with childcare, because her partner earns just over the threshold, "too much "in the words of the official.
Full time Law student.

Quite ironic that tory supporters, who presumably believe in self reliance and minimal state input, as those are tory dogma, should be annoyed about ineligibility for a state benefit...

How do you know my grandkids vote Tory. Disgusting. So only Labour voters and benefit takers are allowed help with childcare. Sick.

I was talking about folk like you, Freya, not your granddaughter.

ordinarygirl Tue 05-Mar-24 15:31:14

please tell me that I'm wrong but my understanding is that the NS&I helps raise money for the treasury . so if the premium bond limited was raised and the prize fund also increased then it would help provide money . I ready somewhere that £80miillion was taken from the NS&I as people want better interest rates .

Urmstongran Tue 05-Mar-24 15:39:37

The game is up Hunt.
Any gains will be eaten up in increased Council tax.

Cossy Tue 05-Mar-24 15:40:06

Amalegra

Cossy, this is an excellent and well judged reply. I too wish for a more equitable and sustainable system for all where work is fairly rewarded and the vulnerable properly cared for.

Thank you. The sad thing is this is perfectly possible, but not done due a broken system, lack of care from our leaders and pure greed. So so many very hard working, normal, decent people end up struggling in later life. Too many disabled people struggle. Too many tax “cheats”.

Jam108 Tue 05-Mar-24 15:41:00

Barely any mention of tax thresholds. The Tory’s proudly make ‘capital’ of continuing the’triple lock’ but neglect to mention to the ‘wider world’ that virtually all pensioners will now be paying tax as the basic state pension is over the threshold. !

growstuff Tue 05-Mar-24 15:53:31

Jam108

Barely any mention of tax thresholds. The Tory’s proudly make ‘capital’ of continuing the’triple lock’ but neglect to mention to the ‘wider world’ that virtually all pensioners will now be paying tax as the basic state pension is over the threshold. !

Pensioners with just the full basic state pension won't be paying income tax.

Casdon Tue 05-Mar-24 16:07:32

There are a lot less retirees whose only source of income is the the state pension than you would think though. Of 11m total retirees, ‘only 1.2 million retired households are “mainly reliant” on the State Pension, defined by the ONS as a household that has at least three quarters of its total income provided by the
State Pension or other similar pension-related state benefits’
.4 Dec 2023
todayswillsandprobate.co.uk › ...
So it is likely that a lot of additional people will have to pay tax on top of the majority who already do.

Urmstongran Tue 05-Mar-24 16:10:48

All the same, must be hard to be one of the 1 in 11 cohort. Imagine sitting a group of and roughly 10% of us are really struggling.