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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!

Mollygo Thu 31-Oct-24 17:27:11

Probably means you didn’t agree.

Allira Thu 31-Oct-24 17:24:36

Falling on deaf ears, Casdon

Sorry?

MaizieD Thu 31-Oct-24 17:13:41

Casdon

Allira

There are online companies, multi-billionaires who get away with evading tax yet they target farmers!

Putting the nation's food security at risk for the sake of a few millions in the Government coffers is a very foolish move indeed.

I’m posting this again because it breaks down who owns the land in the UK - individual farmers don’t own much of it. It’s from Farmers Weekly.
www.fwi.co.uk/business/markets-and-trends/land-markets/who-owns-britains-farmland

Falling on deaf ears, Casdon. I followed your link. What does strike me is that a great many landowners won't pay IHT on their holdings because they are not 'people'.

These, for a start:

Ministry of Defence (850,174 acres) A ministerial government department, with three-quarters of its land sited in England, where it used for military training.

National Trust and National Trust For Scotland (800,000 acres) Britain’s largest farmer, the National Trust, owns 620,000 acres and has an annual income of £680m, while the National Trust for Scotland has about 180,000 acres Together, they have more than 1,500 tenants.

The Crown Estate (678,420 acres) The UK sovereign’s public estate, which is neither government property nor part of the monarch’s private estate.

United Utilities (141,000 acres) A water supply company with the majority of its acreage in the north-west of England, notably Merseyside, Lancashire, Cheshire and Cumbria.

Then, of course, the farms on the vast acreages owned by 'the aristocracy' and big 'investors', such as Dyson, will be tenanted, so those farmers have little to worry about.

And this 'double taxation' argument is utter nonsense...

Allira Thu 31-Oct-24 17:09:55

Casdon

Allira

There are online companies, multi-billionaires who get away with evading tax yet they target farmers!

Putting the nation's food security at risk for the sake of a few millions in the Government coffers is a very foolish move indeed.

I’m posting this again because it breaks down who owns the land in the UK - individual farmers don’t own much of it. It’s from Farmers Weekly.
www.fwi.co.uk/business/markets-and-trends/land-markets/who-owns-britains-farmland

^In England in 2021, the majority of farms (54%) are owner occupied, followed by 31% mixed tenure and
14% wholly tenanted. For the remaining 1%, tenancy was undeclared.^

Gov.UK

GrannyGravy13 Thu 31-Oct-24 17:07:49

Allira

escaped

Hobby farming seems to be quite a popular thing amongst rich people and I assume, like Jeremy, their heirs might all be clobbered for IHT in some way when they leave this earth? Martin Clunes, Kevin Fletcher, David Beckham, even the JLS dancer on Strictly?

Alex James from Blur bought a farm and is a well-known heesemaker.

I think that if well-known people go into farming after making money elsewhere, they are in a position to highlight the problems farmers face in this country. Also, as trying to make a living from farming is so difficult now, they do have that safety net of previously earned money to prop up their farming business.

Exactly Allira

I am this very minute watching This Farming Life BBC2 I hope the farmers are being paid for their contribution and having TV cameras following their daily lives.

Anything documenting and highlighting the daily grind of farmers is welcome in my book.

fancythat Thu 31-Oct-24 17:06:45

Casdon

Allira

There are online companies, multi-billionaires who get away with evading tax yet they target farmers!

Putting the nation's food security at risk for the sake of a few millions in the Government coffers is a very foolish move indeed.

I’m posting this again because it breaks down who owns the land in the UK - individual farmers don’t own much of it. It’s from Farmers Weekly.
www.fwi.co.uk/business/markets-and-trends/land-markets/who-owns-britains-farmland

I and many others will not be able to read that link properly.

So here is another

thefarmingforum.co.uk/index.php?threads/breaking-down-who-owns-great-britain%E2%80%99s-farmland-easy-newz.390313/

Cath9 Thu 31-Oct-24 17:03:41

Where is all this money coming from only causing many years of no growth
and years of having to pay back what has been borrowed

petra Thu 31-Oct-24 17:02:48

Wyllow3

Dinahmo

M0nica I doubt that people buying houses in a new estate want housing association homes adjacent to them. There are examples where affordable houses have been built on the same estate as more expensive ones but those in affordable homes haven't been given access to facilities such as play areas and gardens both of which are locked to prevent unauthorised use.

Those examples are unbelievably shocking to me. Does it really happen?

Assumptions made that people who need housing association accommodation are somehow "Lesser" or "out to cause trouble". People on a low income or have some disability/ special need are we to label them thus?

Yes it does/did. There are some housing blocks where private owners and social housing tenants have separate entrances

Allira Thu 31-Oct-24 17:01:54

escaped

Hobby farming seems to be quite a popular thing amongst rich people and I assume, like Jeremy, their heirs might all be clobbered for IHT in some way when they leave this earth? Martin Clunes, Kevin Fletcher, David Beckham, even the JLS dancer on Strictly?

Alex James from Blur bought a farm and is a well-known heesemaker.

I think that if well-known people go into farming after making money elsewhere, they are in a position to highlight the problems farmers face in this country. Also, as trying to make a living from farming is so difficult now, they do have that safety net of previously earned money to prop up their farming business.

Casdon Thu 31-Oct-24 16:57:17

Allira

There are online companies, multi-billionaires who get away with evading tax yet they target farmers!

Putting the nation's food security at risk for the sake of a few millions in the Government coffers is a very foolish move indeed.

I’m posting this again because it breaks down who owns the land in the UK - individual farmers don’t own much of it. It’s from Farmers Weekly.
www.fwi.co.uk/business/markets-and-trends/land-markets/who-owns-britains-farmland

escaped Thu 31-Oct-24 16:50:41

Hobby farming seems to be quite a popular thing amongst rich people and I assume, like Jeremy, their heirs might all be clobbered for IHT in some way when they leave this earth? Martin Clunes, Kevin Fletcher, David Beckham, even the JLS dancer on Strictly?

Allira Thu 31-Oct-24 16:47:45

There are online companies, multi-billionaires who get away with evading tax yet they target farmers!

Putting the nation's food security at risk for the sake of a few millions in the Government coffers is a very foolish move indeed.

Allira Thu 31-Oct-24 16:42:58

GrannyGravy13

Casdon he has said repeatedly that his income is not reliant on his Farm.

He is very vocal in sticking up for the farming community, and despite people on here being ecstatic about farms paying IHT the majority of working farmers have grave concerns.

Farming is perilous at the best of times, supermarkets screwing them down constantly for the lowest price, this is going to be the straw that breaks many farmers backs.

Farming is perilous at the best of times, supermarkets screwing them down constantly for the lowest price, this is going to be the straw that breaks many farmers backs.
Not to mention the price increases over the last few years!

Allira Thu 31-Oct-24 16:40:53

Casdon

You’re right Allira, that is the point, he didn’t make his millions from farming, he’s a hobby farmer.

I think he takes it seriously but, of course, he can give employment to others without worrying about escalating employment costs.

Allira Thu 31-Oct-24 16:39:24

I don't know why that had ? after programmes
It was meant to be programmes!

Allira Thu 31-Oct-24 16:38:01

fancythat

Casdon

I have zero respect for him I’m afraid GrannyGravy13, nor do any of the farmers I know.

What "sort" of farmers are they?

Hobby ones? Very large ones?
Those with 4 acres?
1 family of 3 farmers?
Farmers that live near him?
Farmers in Wales?
Which sort please?
As that doesnt compute with the ones I know of[rural, different sizes of family farms].

They all enjoy the programme, and think he highlights their plight well, especially to non rural people.

The farmers in my family watch his programmes?

Whst sort of farmers are they?
Extremely hardworking ones, stressed by all the government bureaucracy and the demands of the supermarkets, trying to making enough to cover the vastly increased expenses but still have enough to live on themselves.

Mollygo Thu 31-Oct-24 16:37:24

Angiewub

Thank goodness for some coming sense - our huge wish list in this country cannot be met unless taxation increases, as per scandansvia. And THAT is the rabbit among the foxes. - few are prepared to pay for it

Possibly because none of us trusts governments to use the taxation in the way it is used in Scandinavia.

Taxation in Germany has specific targets, none of the let’s raise taxes to fill black holes so no one knows whether the money is actually used for what it was intended.

Casdon Thu 31-Oct-24 16:35:58

You’re right Allira, that is the point, he didn’t make his millions from farming, he’s a hobby farmer.

Allira Thu 31-Oct-24 16:33:49

LizzieDrip

“ Anyone wonder why Clarkson is so annoyed?

He bought the farm specifically to avoid IHT

Oh dear!”

WW that’s made my day🤣🤣🤣 This budget has been worth it just for that!

Of course he did! 😂
£4.5 million out of £54 million is peanuts!

The point is that he didn't make his millions from farming.

Angiewub Thu 31-Oct-24 16:29:55

Thank goodness for some coming sense - our huge wish list in this country cannot be met unless taxation increases, as per scandansvia. And THAT is the rabbit among the foxes. - few are prepared to pay for it

Casdon Thu 31-Oct-24 16:27:47

fancythat

Casdon

I have zero respect for him I’m afraid GrannyGravy13, nor do any of the farmers I know.

What "sort" of farmers are they?

Hobby ones? Very large ones?
Those with 4 acres?
1 family of 3 farmers?
Farmers that live near him?
Farmers in Wales?
Which sort please?
As that doesnt compute with the ones I know of[rural, different sizes of family farms].

They all enjoy the programme, and think he highlights their plight well, especially to non rural people.

Mid Wales. Sheep farmers, a few have cows too. There are very few crops grown here, the soil is too poor and it’s mountainous. Smaller farms generally, not hundreds of acres, but they are farmers rather than smallholders.

Pantglas2 Thu 31-Oct-24 16:20:50

GrannyGravy13

Casdon he has said repeatedly that his income is not reliant on his Farm.

He is very vocal in sticking up for the farming community, and despite people on here being ecstatic about farms paying IHT the majority of working farmers have grave concerns.

Farming is perilous at the best of times, supermarkets screwing them down constantly for the lowest price, this is going to be the straw that breaks many farmers backs.

I agree GG - farmers in my family up here in north Wales admire him for his humour in spite of all that nature and bureaucracy throws at farmers.

His humility in learning on the job and picking the brains of those who know the land backwards is an example Labour would have done well to follow - faint hope eh!

fancythat Thu 31-Oct-24 16:14:52

Casdon

I have zero respect for him I’m afraid GrannyGravy13, nor do any of the farmers I know.

What "sort" of farmers are they?

Hobby ones? Very large ones?
Those with 4 acres?
1 family of 3 farmers?
Farmers that live near him?
Farmers in Wales?
Which sort please?
As that doesnt compute with the ones I know of[rural, different sizes of family farms].

They all enjoy the programme, and think he highlights their plight well, especially to non rural people.

NotSpaghetti Thu 31-Oct-24 15:57:04

Don't forget Oreo many employers said that with the introduction of the very first minimum wage.
It didn't happen.

Casdon Thu 31-Oct-24 15:50:39

I have zero respect for him I’m afraid GrannyGravy13, nor do any of the farmers I know.