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Governments First Budget

(565 Posts)
Whitewavemark2 Wed 30-Oct-24 07:55:04

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!

Dinahmo Wed 30-Oct-24 18:13:48

The govt are apparently committed to Making Tax Digital and propose to expand the roll out to those with incomes over £20k. This will increase the number of people having to complete tax returns and may result in an increased tax take.

vegansrock Wed 30-Oct-24 18:17:17

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

Casdon Wed 30-Oct-24 18:26:17

vegansrock

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

Many people want the penny and the bun, and don’t see any irony in complaining about both depleted public services and a budget which affects them, but improves the very services they complain about, going so far as to say more should be done, but don’t want to pay for it, Sometimes if you didn’t laugh you’d cry.

OldFrill Wed 30-Oct-24 18:27:31

Dinahmo

The govt are apparently committed to Making Tax Digital and propose to expand the roll out to those with incomes over £20k. This will increase the number of people having to complete tax returns and may result in an increased tax take.

How will it increase the number of people having to complete tax returns? There are clear rules as to who has to complete a tax return, digital or not.

madalene Wed 30-Oct-24 18:27:48

There were free bus passes for children going to school when I was a schoolgirl, but I didn’t qualify. You had to live three miles from the school to get one, and I didn’t, well not as the crow flies anyway. That was how it was measured, by crow. Unfortunately, I didn’t fly, so had to go by bus, it was two bus journeys from home to school. My parents gave me the bus fares, but if I managed to use my friend’s bus pass, I could save the money and spend it on sweets for us.

How very bad as I was as a twelve year old!

GrannyGravy13 Wed 30-Oct-24 18:31:41

vegansrock

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

They have gone for the easy option

They should be going after the tax dodging likes of Amazon etc., (as should the previous Government)

Whitewavemark2 Wed 30-Oct-24 18:35:19

GrannyGravy13

vegansrock

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

They have gone for the easy option

They should be going after the tax dodging likes of Amazon etc., (as should the previous Government)

Reeves announced that the treasury is funding the revenue for extra compliance officers, as well as inspectors to go after those devising tax avoidance schemes.

Allira Wed 30-Oct-24 18:36:39

Tax evasion or avoidance?

Whitewavemark2 Wed 30-Oct-24 18:41:13

Allira

Tax evasion or avoidance?

Avoidance - schemes devising tax evasion😄😄. Now there’s a thought!

Although it isn’t unknown but the divisors generally do not make their existence known.

Cossy Wed 30-Oct-24 18:41:48

vegansrock

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

👏👏

TakeThat7 Wed 30-Oct-24 18:47:54

I am so depressed that labour can just
stop the right to buy like that it's like the only good thing that might have happened for me has been taken O was always earning minimum wage

FriedGreenTomatoes2 Wed 30-Oct-24 18:49:35

I didn’t vote for Labour. But I sincerely hope they Do Well in their turn of office. They have some good ideas I just would like to see some tangible results of growth and optimism soon.

TakeThat7 Wed 30-Oct-24 18:52:12

It was the one possibility for a better life you can't change who you are or get off minimum wage of that's the only work you can get Ove attempted to end my life before seriously what is there to live for

TakeThat7 Wed 30-Oct-24 18:53:02

I'm talking about them stopping right to buy

J52 Wed 30-Oct-24 18:57:34

I don’t think they have said they will stop right to buy outright, but adjust the discount. Also allow the LAs to retain the money made from the sales to build more housing. Thus allowing others to benefit from social housing.

TakeThat7 Wed 30-Oct-24 18:59:58

They were affordable homes maybe

TakeThat7 Wed 30-Oct-24 19:04:14

No I'm in a town that's labour the money will go on taxis for the mayor events for council high up employees I was listening to the budget I've loved on same house Thirty years and was just about ready to consider being able to buy

fancythat Wed 30-Oct-24 19:04:50

GrannyGravy13

vegansrock

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

They have gone for the easy option

They should be going after the tax dodging likes of Amazon etc., (as should the previous Government)

I have given up on that happening, rightly or wrongly.

I think superior lawyers than the Uk government employ, plus international tax laws, make it maybe impossible.

Else it would have been done decades ago, by one government or another.

TakeThat7 Wed 30-Oct-24 19:04:52

That's gone now

fancythat Wed 30-Oct-24 19:08:02

I dont know much about the subject, but that sounds not at all nice for you TakeThat7. sad

TakeThat7 Wed 30-Oct-24 19:08:14

What I heard her say was the discount was going to stop it was there most rushed statement like it matters to no one

growstuff Wed 30-Oct-24 19:09:42

TakeThat7

I am so depressed that labour can just
stop the right to buy like that it's like the only good thing that might have happened for me has been taken O was always earning minimum wage

From listening to what was actually said, my understanding is that Right to Buy won't be stopped, but the deal will be made less generous.

Casdon Wed 30-Oct-24 19:10:18

The previous government was heavily subsidising people who were renting council homes so they could buy those council homes, but leaving other people who needed help with housing with no option but expensive private rentals. The system was unfair. Of course it’s hard when it affects you directly, but you will still be able to buy your council home, at a fairer market price.

TakeThat7 Wed 30-Oct-24 19:11:07

Oh thank you fancy that I just don't feel able to deal with it it's too much if they had given people near to it the chance but no that's it

Whitewavemark2 Wed 30-Oct-24 19:11:46

fancythat

GrannyGravy13

vegansrock

Everyone wants decent health and education services but no one wants to pay for them. I thought it was a good budget and Reeves gave a confident speech. I don’t mind paying extra tax if it’s spent on public services.

They have gone for the easy option

They should be going after the tax dodging likes of Amazon etc., (as should the previous Government)

I have given up on that happening, rightly or wrongly.

I think superior lawyers than the Uk government employ, plus international tax laws, make it maybe impossible.

Else it would have been done decades ago, by one government or another.

That is right. But rest assured although it will never make the headlines there are many tax avoidance schemes that are completely rejected by HMRC, and where necessary the tax is recovered.