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What do you hope for in the budget?

(438 Posts)
Doodledog Sat 21-Sept-24 21:45:17

Just that, really.

There has been so much speculation, scaremongering and all round nonsense spoken lately, that I'm interested to know what people would like to see, and why. Not just what would benefit them personally (for a change) but what would be good for the country as a whole.

I would like to see some announcements about what is not going to happen. If the government doesn't intend to tax holidays and bingo tickets or whatever the papers are pretending, I'd like to see that declared at the start, so people actually listen to the budget, and will possibly stop speculating quite so much going forward. Obviously the papers would just speculate about different things though, so that's probably a bit of a pointless exercise.

I'd like to hear what is intended to happen with pensions, so that people can plan with guarantees. Will there be free contributions for non-workers with school age children, or will everyone be expected to contribute to their retirement - and if so, how will 'retirement' be defined? Can you retire from not working? Are workers expected to support non-workers, and if so, which ones and why? I have no problem with contributing towards benefits for carers, the sick, the disabled or the unemployed, but absolutely object to paying for people to look after their own homes when their children are at school. It would be good if we knew how our taxes are going to be spent on that sort of thing so people can make choices about who to vote for and what to insist on. Too late for our generation, but there is no reason why future ones shouldn't have a say in what their money supports and doesn't.

Apparently one in five people of working age isn't working. I'd like to see figures for that, and a plan for how the government intends to deal with it. Will they force the sick back to work, or will they expect those who do work to do two jobs for one salary? (I'm not saying these things are easy grin).

I'd like to see inheritance tax raised. Not the threshold lowered, but the percentage charged after the threshold raised. Maybe allow a sum per heir free of tax, as opposed to the estate being taxed? That would mean that larger families wouldn't be penalised on a per-person basis, but fewer people would get large sums tax free.

I'm not sure about sugar, alcohol, cigarette or junk food taxes. I'd prefer to see subsidies for healthy foods to make them more affordable and the same applied to soft drinks in pubs and restaurants - currently there is no cost advantage to ordering a non-alcoholic drink, so the options are ridiculously limited,

Enough about my wishlists (which are absolutely open to change if your ideas are better than mine). What are yours?

Doodledog Fri 18-Oct-24 08:50:31

I think that post is on the wrong thread grin. Sorry.

Doodledog Fri 18-Oct-24 08:43:49

The accusation that ‘some people’ defend everything the government does is baseless. Obviously Labour has some supporters on here, as everywhere, but I don’t think anyone has defended everything. If anyone finds a defence of a policy to be indefensible all they have to do is say so, and explain why.

The trouble is that threads like this are being derailed by point-scoring, nit-picking and a determination to have the last word, even if it’s on the lines of ‘I know I am, but what are you?’ or coded jibes that take pages to decipher.

If people are confident in their opinions for or against what’s happening, a straightforward explanation of why is all that’s needed. We won’t all agree, but it’s good to hear opposing arguments when that aren’t buried in insults and tit for tat whataboutery with ‘lol’ emojis for a touch of disrespect thrown in.

So far, much of the potentially controversial policies are speculation anyway, but that’s not getting in the way of a chance to be insulting to posters who disagree. WWM puts a lot of work into these threads, and she must wonder why she bothers.

Anyway, if tax on vapes is increased I would be in favour. I would like to see the fruity ones banned to stop young people getting sucked in, or maybe a ban on under-25s using them.

I’d need to see the detail of any CGT and IHT changes, but they are fairer targets than expecting working people to carry the burden of taxation.

Mollygo Thu 17-Oct-24 18:23:12

growstuff
^Mollygo Yo really do sound bitter.
Please don’t project your feelings on me. I would be equally wrong and possibly equally inaccurate to say growstuff you really do sound angry.^

Which feelings? You're deluded if you think I'm angry. (self delusion is when *you allow yourself to believe something that is not true)
🤣🤣🤣
You certainly sound angry growsnuff but I said it would be wrong (as wrong as it was for you to decide how I feel) to say you sounded angry.

growstuff Thu 17-Oct-24 18:12:11

GrannyGravy13

growstuff

Incidentally, it was a Conservative Chancellor, Norman Lamont, who first cut ACT from 25% to 20%. I missed the moaning about him.

The stock market crash wiped about seven times the amount from the funds pension companies held as Gordon Brown's scrapping of ACT did.

Lamont 1990-1993

GN started May 2011

I am sure there must have been moaning over garden fences, pubs, restaurants before the spread of forums

I'm sure there was! (In fact, I know there was.) There were other social media sites too.

growstuff Thu 17-Oct-24 18:10:36

Mollygo

growstuff

Mollygo Yo really do sound bitter.

Please don’t project your feelings on me. I would be equally wrong and possibly equally inaccurate to say growstuff you really do sound angry.
🤣🤣🤣
I’m endlessly amused by the protection of Labour and the leap to justify anything Labour do.

Which feelings? You're deluded if you think I'm angry.

Long ago, I worked that I had a choice - I could either be angry when life throws me curveballs or I could shrug my shoulders and be happy with what I've got. I chose to be happy with what I've got.

BTW why would I justify what Labour does? I'm not usually a Labour voter. I'm actually a paid-up member of another political party.

Ah well -glad you're amused - it doesn't take much. Maybe you'll stop moaning now.

DiamondLily Thu 17-Oct-24 17:56:16

What with one thing and another, I’m not much impressed with this shiny new government.

Then again, I’ve been voting long enough that I didn’t expect to be.🤷‍♀️

Mollygo Thu 17-Oct-24 12:26:42

GrannyGravy13

I am sure there must have been moaning over garden fences, pubs, restaurants before the spread of forums

Of course there was!

GrannyGravy13 Thu 17-Oct-24 11:42:13

growstuff

Incidentally, it was a Conservative Chancellor, Norman Lamont, who first cut ACT from 25% to 20%. I missed the moaning about him.

The stock market crash wiped about seven times the amount from the funds pension companies held as Gordon Brown's scrapping of ACT did.

Lamont 1990-1993

GN started May 2011

I am sure there must have been moaning over garden fences, pubs, restaurants before the spread of forums

Mollygo Thu 17-Oct-24 11:01:51

growstuff

Mollygo Yo really do sound bitter.

Please don’t project your feelings on me. I would be equally wrong and possibly equally inaccurate to say growstuff you really do sound angry.
🤣🤣🤣
I’m endlessly amused by the protection of Labour and the leap to justify anything Labour do.

Granmarderby10 Thu 17-Oct-24 10:57:36

The new road that’s been postponed near me for parliamentary enquiries and for planning appeals by environmentalists- though I am sympathetic to their cause.

Short of closing this road and pedestrianising it I see no alternative as it is hell at present.
Sad but true

growstuff Thu 17-Oct-24 10:50:11

There's some small print at the bottom of pension schemes about the value going up as well as down. It's a risk you take.

growstuff Thu 17-Oct-24 10:49:30

Allira

growstuff

Allira

LizzieDrip

Allira I’m also a bit confused by your comment regarding the reduction of work pensions? Not sure what you mean … or how it would impact the 6 year extension of state pension age for womenconfused

GMP.

So how much was your guaranteed minimum pension affected? Actual figures would be helpful to put it into context.

You think I'd put actual figures and details of my DH's pension on a social media page??
Really?

😂

No. But a percentage or global figure would be helpful to put it in context.

growstuff Thu 17-Oct-24 10:48:29

Incidentally, it was a Conservative Chancellor, Norman Lamont, who first cut ACT from 25% to 20%. I missed the moaning about him.

The stock market crash wiped about seven times the amount from the funds pension companies held as Gordon Brown's scrapping of ACT did.

Allira Thu 17-Oct-24 10:46:00

growstuff

Allira

LizzieDrip

Allira I’m also a bit confused by your comment regarding the reduction of work pensions? Not sure what you mean … or how it would impact the 6 year extension of state pension age for womenconfused

GMP.

So how much was your guaranteed minimum pension affected? Actual figures would be helpful to put it into context.

You think I'd put actual figures and details of my DH's pension on a social media page??
Really?

😂

growstuff Thu 17-Oct-24 10:40:46

Mollygo Yo really do sound bitter.

growstuff Thu 17-Oct-24 10:40:01

Mollygo

growstuff
he ended MIRAS.
You can dance round this whatever way you want, but knowing what someone has done to your future income has an impact as soon as you know it.
Think of all the discussion on here about the tax on the money you leave when you’re dead.

Yes, he did - and I had a mortgage.

By doing so, he ended a tax subsidy to property owners, which didn't benefit renters. Those people who owned property at the time didn't too badly!! They're possibly the same people who will moan about paying IHT when they die. hmm

Mollygo Thu 17-Oct-24 10:12:36

growstuff
he ended MIRAS.
You can dance round this whatever way you want, but knowing what someone has done to your future income has an impact as soon as you know it.
Think of all the discussion on here about the tax on the money you leave when you’re dead.

Whitewavemark2 Thu 17-Oct-24 09:14:58

Rachel Reeves has been urged by a group of millionaire business owners to raise £14bn from an increase in capital gains tax at this month’s budget, arguing it would have no impact on investment in Britain.

Ahead of the chancellor’s set-piece event on 30 October, the group of wealthy investors said increasing the tax rate on asset disposals would help to raise vital funds for public services and would not lead to slower economic growth.

growstuff Wed 16-Oct-24 23:30:15

And how was it connected to the SPA?

growstuff Wed 16-Oct-24 23:29:49

Allira

LizzieDrip

Allira I’m also a bit confused by your comment regarding the reduction of work pensions? Not sure what you mean … or how it would impact the 6 year extension of state pension age for womenconfused

GMP.

So how much was your guaranteed minimum pension affected? Actual figures would be helpful to put it into context.

growstuff Wed 16-Oct-24 23:26:55

Mollygo

You didn’t specify public service pensions. Gordon Brown affected our income both back then and now.

How did he affect your income then?

Allira Wed 16-Oct-24 22:52:42

LizzieDrip

Allira I’m also a bit confused by your comment regarding the reduction of work pensions? Not sure what you mean … or how it would impact the 6 year extension of state pension age for womenconfused

GMP.

Mollygo Wed 16-Oct-24 22:48:17

You didn’t specify public service pensions. Gordon Brown affected our income both back then and now.

growstuff Wed 16-Oct-24 20:42:18

In any case, what Brown did wasn't related to the increase in SPA.

growstuff Wed 16-Oct-24 20:41:33

Mollygo

Who reduced works pensions?

Gordon Brown.

He didn't reduce public service pensions.