Farmland value has increased way above the productive capacity of the land so working farmers will welcome a lower value
Eh? They can borrow off the assets, surely?
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News & politics
Governments First Budget
(565 Posts)We won’t know too much until we can read tomorrows analysis , but we do know of this government’s intended direction of travel, and whether it meets with our expectations as voters and what we all voted for, which of course changes with each individual.
My vote and expectation was for
First and foremost to save our NHS and crumbling public services.
Second was to address the state of our environment, the polluted seas and rivers, and the lack of diversity.
Next -to address the fact that economic growth has been more or less stagnant since 2010. We need a Keynesian type budget for growth, that is imaginative and forward thinking to produce the revenue to invest in out country.
Personally I have never thought it possible to have this type of successful economy where citizens can be confident of a cradle to grave welfare state, where education is first class, health is free at the point of use and available within a very reasonable time limit, where public services are well run and invested in and care for all in need comes as a right, can be obtained by the tax payer on the cheap. This type of economy must be paid for and we will need to see tax at Scandinavian levels in order to achieve this.
Looking at the state the country is in, we knew in July that this would be a mighty task. Mighty tasks need research/planning and massive effort. They always start painfully slowly but momentum will gather as each year passes and we will gradually see the result of the effort put in to save our country from the ravages of 14 long years of economic blows our public services received.
Of course the right wing media - childlike - is insisting on jam today without spending any of their pocket money, but as wise parents we know that all jam does is rot your teeth. Instant gratification is only for the hard of thinking, the more intelligent know that time is the master.
So now looking back at the few short months Labour has been in government, i am pretty supportive of the direction of travel, and the achievements to date - which probably need listing to remind everyone - but not for this thread.
Some stuff has been announced but I think it best until we begin to see how it fits into the overall picture before we begin to comment.
It looks as if this is going to be a massive budget though - so hold onto your hats!
fancythat
Sorry, but anyone can clap for spend spend spend[if that is what it turns out to be].
If it turns out to be much more balanced, then it may be ok.
£32 billion more borrowing, apparently.
I listened to Sunak's response to the budget and I have to say it was the best speech I've heard him make. He destroyed this Budget. Oh well, he’s yesterday’s man now.
Am I correct at thinking that capital gains tax will be increased on disposable assets like shares etc., but remain the same on residential property?
*in thinking
Wyllow3
Thank you WWM2
Re small family farms - read that if parents transfer ownership to 7 years before death of both as per houses then Inheritance tax will not be paid?
Do farming families come with an inbuilt knowledge of exactly when death will strike, enabling them to get the timing just right? A curse and a blessing I'd have thought!
Isn't Universal Credit, paid to workers, a state subsidy for employers ?
Thought the same Sunak made a great speech and without all the fuss of the budget speaker Maybe he could let social housing tennants know what labour are doing stopping tennants being able to buy thier homes and importantly when it starts I got the impression that Rachel was stopping all discounts is that rightIt really was a quick statement and when does it start
FriedGreenTomatoes2
I listened to Sunak's response to the budget and I have to say it was the best speech I've heard him make. He destroyed this Budget. Oh well, he’s yesterday’s man now.
He sure is!
I don't understand what he meant by 'working families' paying more tax, more on mortgages and so on. Jeremy Hunt repeated this when interviewed later, and the man with the mic didn't challenge him. I assume that's what they were whispering about over their phones when the speech was being given, but what have I missed?
Greyisnotmycolour
Isn't Universal Credit, paid to workers, a state subsidy for employers ?
Yes, it's so wrong, and it's wrong. It makes much more sense to pay the staff properly so they aren't drawn into benefits and have to account for everything they spend and earn.
Rosie51
Wyllow3
Thank you WWM2
Re small family farms - read that if parents transfer ownership to 7 years before death of both as per houses then Inheritance tax will not be paid?Do farming families come with an inbuilt knowledge of exactly when death will strike, enabling them to get the timing just right? A curse and a blessing I'd have thought!
Wouldn't it be wonderful if we had precognition.
No mention of 998 who arrived yesterday on the Starmer ferry service and on Monday 876 arrived into Dover,,,,,,.., Did this get factored into the UK spending needs. None of this is going away any time soon is it?
Babs03
Am I correct at thinking that capital gains tax will be increased on disposable assets like shares etc., but remain the same on residential property?
I got lost on that bit.
@fancythat I got lost on a lot of it.
😳
FriedGreenTomatoes2
Re the farming community - I wonder what Jeremy Clarkson will have to say about it all. Be interesting.
In his words Rachel Reeves, I literally daren’t comment
FriedGreenTomatoes2
Re the farming community - I wonder what Jeremy Clarkson will have to say about it all. Be interesting.
To misquote Mrs Merton, who cares what the millionaire Jeremy Clarkson thinks?
As a SME owner, I can only assume that RR has no idea about small businesses, how they work, how difficult it is in the current climate, nor is she concerned that this budget will make employers think twice, thrice or more before taking in any new employees.
Farmers are incensed by RR’s ignorance on all things rural. This budget will put up food prices for the end user (us) as you can bet your last £ that supermarkets will pass on all price increases.
Casdon
FriedGreenTomatoes2
Re the farming community - I wonder what Jeremy Clarkson will have to say about it all. Be interesting.
To misquote Mrs Merton, who cares what the millionaire Jeremy Clarkson thinks?
According to the Farmers Unions, Jeremy Clarkson has done more for farmers, farming and rural affairs through his three TV series than Country File has done in all the time it’s been ion air.
Something which our farming friends agree with.
They think he’s a t…..r round here GrannyGravy13, but to be fair, they are mainly sheep farmers so not known to mince their words.
Jeremy Clarkson has highlighted the huge increase in bureaucracy that farmers have to deal with these days.
It never ceases to amaze me that governments do not seem to support farmers, perhaps because politicians have no real clue how the food and drink arrives on their plates in the subsidised restaurants in the H of C.
They all seem to takd food production for granted.
To be fair, the Welsh think the same of everyone who lives the other side of Offa's Dyke.
Glad there is to be a crackdown on shoplifting.
Freya5
Allira
growstuff
Allira
Mollygo
Improving the life of my DGD will not immediately become apparent when her bus fare becomes £30pw. Easier if you live in an IGO area, but she doesn’t.
I was surprised that bus fares have to be paid for to attend FE College here; when I asked if DGD should get a pass, DS said no, they had enquired, even though the local schools have no sixth form.
Another expense for parents.It's not just wherever you are. 16-18 year olds have to pay for transport everywhere.
Yet 16-18 year olds must remain in education or training.
Rather that than sat in their rooms on their ps5 or whatever, tik tok maybe !! Education and apprenticeships what is wrong with that.
It is compulsory to stay in some form of education until 18 these days. Even apprenticeships will involve some element of class based learning. In any case, many 16 year olds don't want the limitations of apprenticeships and aspire to Level 3 qualifications.
madalene
I don’t think a penny off a pint is going to attract more customers, to be honest. I’ve no idea why she did that. It won’t make any difference to anyone.
I thought similarly - one whole penny saved.
Why bother?
Is anyone going to avoid one pub for another on the basis of 1p?
There must be a rationale behind it of course, but I don't know what that is.
growstuff
Freya5
Allira
growstuff
Allira
Mollygo
Improving the life of my DGD will not immediately become apparent when her bus fare becomes £30pw. Easier if you live in an IGO area, but she doesn’t.
I was surprised that bus fares have to be paid for to attend FE College here; when I asked if DGD should get a pass, DS said no, they had enquired, even though the local schools have no sixth form.
Another expense for parents.It's not just wherever you are. 16-18 year olds have to pay for transport everywhere.
Yet 16-18 year olds must remain in education or training.
Rather that than sat in their rooms on their ps5 or whatever, tik tok maybe !! Education and apprenticeships what is wrong with that.
It is compulsory to stay in some form of education until 18 these days. Even apprenticeships will involve some element of class based learning. In any case, many 16 year olds don't want the limitations of apprenticeships and aspire to Level 3 qualifications.
Precisely.
So their parents have to pay bus fares and to keep them when some may have left school and found a job at 16 previously and contributed to family coffers.
If education is compulsory by law then bus or train passes should continue to be provided.
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