The Budget

[TOPGUN749]

We are all going to pay substantially more for almost everything from April. The National Insurance rise on employers is huge,for a worker on £25k  it’s an extra 36% contribution.(from £2194  a year to £3000.Add to this a rise of over £1500 a year to the minimum wage,and every job is £2300 a year more expensive.When someone gets to £50,000 a year,the employer pays £6750 National Insurance,up from £5650.Part time jobs hit even harder,on £9,000 a year going from zero NI to £600 a year.

It will make everything we buy or services such as dentists cost us more,petrol and diesel too, not much will be unaffected!

Inflation and higher interest rates and costlier mortgages to follow.

Edited Monday at 06:48 by TOPGUN749

[TIGHTCHOKE]

Yes, EVERYTHING will be more expensive and there will be less jobs as employers try to reduce the EXTRA costs involved in employing staff.

WELL DONE LABOUR, who used to be regarded as the party of the WORKING MAN.

I strongly suspect businesses will be looking to relocate and many sensible people will be submitting applications to move abroad to Australia and New Zealand where they will be welcomed because of their abilities.

[Mungler]

And here we go. 

You heard it here first from the rational.

Well done Labour.

 

[Newbie to this]

All by design.......

[Mungler]

I think we’re already in recession. We just need the reporting and the data to catch up. 

[amateur]

Don't worry, oowee will be along to put his gloss on it.

"It's all the Tories' fault. It's down to Brexit. It's all because those silly Americans elected Trump"

Select any one of three

🤣

[Mungler]

5 minutes ago, amateur said:

Don't worry, oowee will be along to put his gloss on it.

"It's all the Tories' fault. It's down to Brexit. It's all because those silly Americans elected Trump"

Select any one of three

🤣

It’ll be Brexit and Liz Truss of course 😆and not the worst budget I’ve seen yet in 50 years. 

[JohnfromUK]

16 minutes ago, Mungler said:

worst budget I’ve seen yet in 50 years.

It's a budget for GROWTH

• Growth in unemployment
• Growth in public spending
• Growth in inflation
• Growth in business failures
• Growth in public employees numbers and salaries

One thing I heard the other day was that Rachel Reeves was (allegedly) heard to say that whilst IHT being extended to cover farms wouldn't bring in much money, she wanted to "do to the farmers what Thatcher had done to the miners".

IF true, confirms that policy is driven by dogma, hate, spite and jealousy rather than economics.

 

[TIGHTCHOKE]

Blimey, I wonder if that is recorded somewhere?

It has to be regarded as a class action, lead by envy.

[JohnfromUK]

2 minutes ago, TIGHTCHOKE said:

Blimey, I wonder if that is recorded somewhere?

It has to be regarded as a class action, lead by envy.

It has certainly been reported as 'bandied around' in Labour circles.

https://news.sky.com/story/ex-labour-adviser-john-mcternan-suggests-doing-to-farms-what-thatcher-did-to-coal-mines-13253094

 

[Penelope]

1 hour ago, Newbie to this said:

All by design.......

Quite possibly.

[amateur]

23 minutes ago, JohnfromUK said:

It has certainly been reported as 'bandied around' in Labour circles.

https://news.sky.com/story/ex-labour-adviser-john-mcternan-suggests-doing-to-farms-what-thatcher-did-to-coal-mines-13253094

 

And yet, Wilson closed down more mines than Thatcher

Edited Monday at 08:50 by amateur

[JohnfromUK]

The only things predicted to grow are "Gov't consumption" and "Gov't investment"  -  in other words all Gov't spending.  private consumption, trade and business investment are set to contract.  Ane we are told they have made "such a good start".  If this is a good start, I'd hate to know what a bad one would be!  Figures are from Office of Budget Responsibility.

[old man]

Worry not about the instigators, they won't be affected,

[Mungler]

18 hours ago, Mungler said:

Europe is in managed decline for sure. 

I am mystic Meg.

France in absolute turmoil with borrowing costs now higher than Greece.

And have we all had a peek at what’s going on in Germany?

Good time to buy your Euros 😆

Ah the EU, now that’s one wagon we’ll be glad to be unshackled from in the not too distant future (if not already).

 

[JohnfromUK]

Sent to me by a friend;

"This week Keir Starmer is to set out what he's calling his Plan for Change.

To the rest of us, what is clearly a Change of Plan."

[Rewulf]

I have one word for this government - Chaotic.

If anyone thinks they will last a full term, they are dyed in the wool labourites, or just stupid.

[London Best]

26 minutes ago, Rewulf said:

they are dyed in the wool labourites, or just stupid.

Surely they are the same thing?

[Newbie to this]

6 minutes ago, London Best said:

Surely they are the same thing?

Correct 

[JohnfromUK]

1 hour ago, Rewulf said:

If anyone thinks they will last a full term

With the majority they have it will be hard to get them out.  If a vote of confidence was called, not many Labour MPs would vote against the Gov't because they would be very likely to loose their seats in the resulting general election, and that would mean losing their salary, all expenses paid living, subsidised dining and drinking, free central London parking, about 20 weeks paid leave, and all the other perks they get.  The salary itself may be unremarkable, but the overall package is gold plated.

[Rewulf]

7 minutes ago, JohnfromUK said:

With the majority they have it will be hard to get them out.  If a vote of confidence was called, not many Labour MPs would vote against the Gov't because they would be very likely to loose their seats in the resulting general election, and that would mean losing their salary, all expenses paid living, subsidised dining and drinking, free central London parking, about 20 weeks paid leave, and all the other perks they get.  The salary itself may be unremarkable, but the overall package is gold plated.

Absolutely.
As it stands right now, its an unlikely scenario, but the way things are going, public opinion against labour is going down fast.
If dissatisfaction within the work force and general population gets too bad, or maybe a sliver of integrity still exists in labour MPs, then an early general election could be called.

[JohnfromUK]

3 minutes ago, Rewulf said:

As it stands right now, its an unlikely scenario, but the way things are going, public opinion against labour is going down fast.

Once they are in power, public opinion is largely irrelevant.

 

4 minutes ago, Rewulf said:

If dissatisfaction within the work force and general population gets too bad, or maybe a sliver of integrity still exists in labour MPs, then an early general election could be called.

If there was ever any 'sliver of integrity', that went when they stood on a manifesto that was blatantly a pack of lies, but I guess you could say that for MPs of all parties.  MP's (with a very few exceptions) leave any integrity they may have had behind when they become candidate.

With the majority they have, I can't see them being dislodged short of a really major catastrophe.

[12gauge82]

9 hours ago, JohnfromUK said:

It's a budget for GROWTH

• Growth in unemployment
• Growth in public spending
• Growth in inflation
• Growth in business failures
• Growth in public employees numbers and salaries

One thing I heard the other day was that Rachel Reeves was (allegedly) heard to say that whilst IHT being extended to cover farms wouldn't bring in much money, she wanted to "do to the farmers what Thatcher had done to the miners".

IF true, confirms that policy is driven by dogma, hate, spite and jealousy rather than economics.

 

On what planet do you as a government go out of your way to punish farmers.

It's utter lunacy, apart from the fact that would be unnecessarily spiteful, without farmers the country doesn't eat and if you import most of your food, it leaves the UK extremely vulnerable in times of instability or war, we're an island for crying out loud! 

[JohnfromUK]

10 minutes ago, 12gauge82 said:

On what planet do you as a government go out of your way to punish farmers.

On a good socialist planet - no private farms, but state collective farms. 

11 minutes ago, 12gauge82 said:

It's utter lunacy, apart from the fact that would be unnecessarily spiteful, without farmers the country doesn't eat and if you import most of your food, it leaves the UK extremely vulnerable in times of instability or war, we're an island for crying out loud! 

It is utter lunacy, but so was most of the budget.  On being self sufficient, that 'bird has flown' long ago.  There are (far) too many people to grow enough food to feed everyone.  We are loosely double the population we were in 1940, but with less farmland, and people have MUCH higher expectations.  If you put the whole UK on a 1940 ration book style diet there would be BIG trouble now.  How would the young survive without MacDonalds?

[12gauge82]

19 minutes ago, JohnfromUK said:

On a good socialist planet - no private farms, but state collective farms. 

It is utter lunacy, but so was most of the budget.  On being self sufficient, that 'bird has flown' long ago.  There are (far) too many people to grow enough food to feed everyone.  We are loosely double the population we were in 1940, but with less farmland, and people have MUCH higher expectations.  If you put the whole UK on a 1940 ration book style diet there would be BIG trouble now.  How would the young survive without MacDonalds?

I can just imagine a state collective farm, it'd probably struggle to maintain a tomato plant and would need 15 forms and an army of people just to water it 😂. 

What a mess we're in.