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Budget and Hunt
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By *deepdive OP Man 38 weeks ago
France / Birmingham |
Will Hunt's budget help the economy?
Will it reduce taxes for the poor?
Will he take away or modify the laws on nom-dom status and therefore admit that some of Labours proposals were good after all however; if he does, and uses this money to cut taxes rather than where Labour had earmarked it, will it not affect what Labour had said it could do?
Will Hunt's budget be a good one for the UK or something to cripple the next government?
Will Hunt lose his seat as an MP at the next election ?
Will he be given a peerage by the outgoing PM...
A lot will be revealed very soon ...
Welcome to the whacky races!
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By *deepdive OP Man 38 weeks ago
France / Birmingham |
"Wouldn't it be better to just wait a couple of days until it's announced, and then talk about what actually happened, rather than fruitlessly speculate beforehand?"
Perhaps but we speculate about many things so why not the budget? |
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"Wouldn't it be better to just wait a couple of days until it's announced, and then talk about what actually happened, rather than fruitlessly speculate beforehand?"
"Perhaps but we speculate about many things so why not the budget?"
Perhaps I'm just being picky about the way you've phrased it in the first post. I withdraw my objection (even though I suspect this thread will descend into mindless Tory bashing, all of which will get re-hashed in the next thread once we know what has actually been announced).
Sorry to be a thread-pooper. |
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Futile really, Mr Hunt is wearing dead man’s shoes
Ms Reeves will be running the treasury before Christmas.
Yougov poll has labour voting intention the same as as combined total of Tory/reform/lib dem/ green
Highly unlikely any swings will be enough to see the tories continuity after the GE |
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By *deepdive OP Man 38 weeks ago
France / Birmingham |
An interesting article on the BBC news portal looking at the promises made by Hunt at his past budget.
Titled
"Did the last budget deliver growth and cheap beer"
Unfortunately, they go in to say that he failed to do any of the above or any other things he and his government promised to do.
Surprised?
Many will cite the Global issues, Ukraine, Gaza and perhaps some will even blame the EU (the usual culprits for some if things don't go to plan in the UK) and perhaps those are the very reasons and both thr chancellor and his government ate doing a sterling job.
I wonder what he is going to promise later this week knowing that his track record of fulfilling promises is pretty poor...
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By *irldnCouple 38 weeks ago
Brighton |
"Futile really, Mr Hunt is wearing dead man’s shoes
Ms Reeves will be running the treasury before Christmas.
Yougov poll has labour voting intention the same as as combined total of Tory/reform/lib dem/ green
Highly unlikely any swings will be enough to see the tories continuity after the GE "
The Tories know they are going to lose the General Election. Don’t put it past them to be full of spite and set traps for Labour via the budget. Imagine tax cuts that Labour subsequently had to reverse. Some lovely column inches in that! |
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"The Tories know they are going to lose the General Election. Don’t put it past them to be full of spite and set traps for Labour via the budget. Imagine tax cuts that Labour subsequently had to reverse. Some lovely column inches in that!"
Even if there's no spite, surely Labour will have to reverse any tax cuts made in the budget. Labour have already cancelled their flagship policy, saying that there's not enough money for it. How could they keep tax cuts and then claim that there's not enough money to do the things that they want to?
It seems to me that Labour should have spent the last month saying loudly that there isn't enough money, and that any tax cuts made in the budget will be reversed when they get into power. That would have prepared the electorate for it, and would have lessened any gain the Tories might get from the cuts. |
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"The Tories know they are going to lose the General Election. Don’t put it past them to be full of spite and set traps for Labour via the budget. Imagine tax cuts that Labour subsequently had to reverse. Some lovely column inches in that!
Even if there's no spite, surely Labour will have to reverse any tax cuts made in the budget. Labour have already cancelled their flagship policy, saying that there's not enough money for it. How could they keep tax cuts and then claim that there's not enough money to do the things that they want to?
It seems to me that Labour should have spent the last month saying loudly that there isn't enough money, and that any tax cuts made in the budget will be reversed when they get into power. That would have prepared the electorate for it, and would have lessened any gain the Tories might get from the cuts."
Can’t see any political gain from any tax cuts
They have already introduced highest tax rises since 1956, doubled most peoples mortgages and put economy into recession
Agreed, labour could have made a lot more gain from the current economic situation. But they also will have to make manifesto pledges and explain how they will pay for them. |
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"Futile really, Mr Hunt is wearing dead man’s shoes
Ms Reeves will be running the treasury before Christmas.
Yougov poll has labour voting intention the same as as combined total of Tory/reform/lib dem/ green
Highly unlikely any swings will be enough to see the tories continuity after the GE
The Tories know they are going to lose the General Election. Don’t put it past them to be full of spite and set traps for Labour via the budget. Imagine tax cuts that Labour subsequently had to reverse. Some lovely column inches in that!"
“”Support for Tories in Ipsos polling hits lowest level for more than 40 years, with Labour 27 points ahead – UK politics live”” |
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"Wouldn't it be better to just wait a couple of days until it's announced, and then talk about what actually happened, rather than fruitlessly speculate beforehand?
Perhaps but we speculate about many things so why not the budget?
Perhaps I'm just being picky about the way you've phrased it in the first post. I withdraw my objection (even though I suspect this thread will descend into mindless Tory bashing, all of which will get re-hashed in the next thread once we know what has actually been announced).
Sorry to be a thread-pooper."
nothing wrong with tory bashing  |
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"They have already introduced highest tax rises since 1956, doubled most peoples mortgages and put economy into recession"
To be fair to them, interest rates went up because of inflation from high energy prices due to the war in Ukraine. Not really the fault of the Tories. The recession (if there is one) is a result of economic slowdown caused by the Bank of England increasing interest rates. Again, not the fault of the Tories.
There are plenty of other reasons to bash them, no point using stuff that isn't actually their fault. |
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"Perhaps I'm just being picky about the way you've phrased it in the first post. I withdraw my objection (even though I suspect this thread will descend into mindless Tory bashing, all of which will get re-hashed in the next thread once we know what has actually been announced).
Sorry to be a thread-pooper."
"nothing wrong with tory bashing"
Considered and accurate Tory bashing is fine. But *mindless* Tory bashing is a waste of everyone's time, as people just discount it by pointing out the facts, and making the mindless basher look foolish. |
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"Perhaps I'm just being picky about the way you've phrased it in the first post. I withdraw my objection (even though I suspect this thread will descend into mindless Tory bashing, all of which will get re-hashed in the next thread once we know what has actually been announced).
Sorry to be a thread-pooper.
nothing wrong with tory bashing
Considered and accurate Tory bashing is fine. But *mindless* Tory bashing is a waste of everyone's time, as people just discount it by pointing out the facts, and making the mindless basher look foolish."
I dont mind being known as a mindless tory basher lol |
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By *irldnCouple 38 weeks ago
Brighton |
"The Tories know they are going to lose the General Election. Don’t put it past them to be full of spite and set traps for Labour via the budget. Imagine tax cuts that Labour subsequently had to reverse. Some lovely column inches in that!
Even if there's no spite, surely Labour will have to reverse any tax cuts made in the budget. Labour have already cancelled their flagship policy, saying that there's not enough money for it. How could they keep tax cuts and then claim that there's not enough money to do the things that they want to?
It seems to me that Labour should have spent the last month saying loudly that there isn't enough money, and that any tax cuts made in the budget will be reversed when they get into power. That would have prepared the electorate for it, and would have lessened any gain the Tories might get from the cuts."
I agree but suspect many people would not be drawn towards a manifesto that says we will reverse the tax cuts. Pure ammunition for the Tories and media.
Their only priority is get into power and destroy the Tories. The Tories know they are fucked so I suspect there will be spite “cut taxes so that when Labour win and realise these aren’t actually affordable everyone will start hating Labour and we will only be out 4-5years!” |
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"Will Hunt's budget help the economy?
Will it reduce taxes for the poor?
Will he take away or modify the laws on nom-dom status and therefore admit that some of Labours proposals were good after all however; if he does, and uses this money to cut taxes rather than where Labour had earmarked it, will it not affect what Labour had said it could do?
Will Hunt's budget be a good one for the UK or something to cripple the next government?
Will Hunt lose his seat as an MP at the next election ?
Will he be given a peerage by the outgoing PM...
A lot will be revealed very soon ...
Welcome to the whacky races!
"
Is there anything that hunt can announce that the incoming Labour government can't simply reverse? |
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By *irldnCouple 38 weeks ago
Brighton |
"Will Hunt's budget help the economy?
Will it reduce taxes for the poor?
Will he take away or modify the laws on nom-dom status and therefore admit that some of Labours proposals were good after all however; if he does, and uses this money to cut taxes rather than where Labour had earmarked it, will it not affect what Labour had said it could do?
Will Hunt's budget be a good one for the UK or something to cripple the next government?
Will Hunt lose his seat as an MP at the next election ?
Will he be given a peerage by the outgoing PM...
A lot will be revealed very soon ...
Welcome to the whacky races!
Is there anything that hunt can announce that the incoming Labour government can't simply reverse? "
They can reverse anything but would it be political suicide? |
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"Wouldn't it be better to just wait a couple of days until it's announced, and then talk about what actually happened, rather than fruitlessly speculate beforehand?
Perhaps but we speculate about many things so why not the budget?
Perhaps I'm just being picky about the way you've phrased it in the first post. I withdraw my objection (even though I suspect this thread will descend into mindless Tory bashing, all of which will get re-hashed in the next thread once we know what has actually been announced).
Sorry to be a thread-pooper.nothing wrong with tory bashing "
. However that only applies to those who are incapable of making valid points.
More rational and balanced people recognise that the Tories are the most popular party . That is why they have won the last four elections . One of the most popular parties of all time. |
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"Wouldn't it be better to just wait a couple of days until it's announced, and then talk about what actually happened, rather than fruitlessly speculate beforehand?
Perhaps but we speculate about many things so why not the budget?
Perhaps I'm just being picky about the way you've phrased it in the first post. I withdraw my objection (even though I suspect this thread will descend into mindless Tory bashing, all of which will get re-hashed in the next thread once we know what has actually been announced).
Sorry to be a thread-pooper.nothing wrong with tory bashing . However that only applies to those who are incapable of making valid points.
More rational and balanced people recognise that the Tories are the most popular party . That is why they have won the last four elections . One of the most popular parties of all time. "
They won the last 3 elections and one was a coalition with the lib dems. Good luck with your argument when they are hammered later this year |
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By *ermbiMan 38 weeks ago
Ballyshannon |
"They have already introduced highest tax rises since 1956, doubled most peoples mortgages and put economy into recession
To be fair to them, interest rates went up because of inflation from high energy prices due to the war in Ukraine. Not really the fault of the Tories. The recession (if there is one) is a result of economic slowdown caused by the Bank of England increasing interest rates. Again, not the fault of the Tories.
There are plenty of other reasons to bash them, no point using stuff that isn't actually their fault."
Do u not remember Liz Truss' mini budget which has left us all financially worse off. 100% fault of the Tories. They will pay sorely as the next election. |
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"They have already introduced highest tax rises since 1956, doubled most peoples mortgages and put economy into recession"
"To be fair to them, interest rates went up because of inflation from high energy prices due to the war in Ukraine. Not really the fault of the Tories. The recession (if there is one) is a result of economic slowdown caused by the Bank of England increasing interest rates. Again, not the fault of the Tories.
There are plenty of other reasons to bash them, no point using stuff that isn't actually their fault."
"Do u not remember Liz Truss' mini budget which has left us all financially worse off. 100% fault of the Tories."
I do remember the Liz Truss budget, and interest rates did go up 0.75% after that. But the BoE rate had been climbing since the beginning of 2022, and it continued to climb until August 2023. The increase in the base rate came from other factors and wasn't noticeably affected by Liz Truss' budget. |
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"They have already introduced highest tax rises since 1956, doubled most peoples mortgages and put economy into recession
To be fair to them, interest rates went up because of inflation from high energy prices due to the war in Ukraine. Not really the fault of the Tories. The recession (if there is one) is a result of economic slowdown caused by the Bank of England increasing interest rates. Again, not the fault of the Tories.
There are plenty of other reasons to bash them, no point using stuff that isn't actually their fault.
Do u not remember Liz Truss' mini budget which has left us all financially worse off. 100% fault of the Tories.
I do remember the Liz Truss budget, and interest rates did go up 0.75% after that. But the BoE rate had been climbing since the beginning of 2022, and it continued to climb until August 2023. The increase in the base rate came from other factors and wasn't noticeably affected by Liz Truss' budget."
Truss and Kwarteng ineptitude resulted in the Bank of England intervention of £19bn emergency bond purchases after the mini-budget to stabilise the markets and prevent a run on pension funds.
She was not a good investment. Costing us £115,000 annually +rpi for her life pension after seven disastrous weeks as PM |
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By *andu66Couple 38 weeks ago
South Devon |
The budget is just economic lies for the masses, real issues need addressing.
https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
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"The tories know they're on the way out . So they'll milk what they can out of the taxpayer to lighn their pockets and their chums pockets too"
The ipso poll yesterday said conservative voting intention is at it lowest in last 40 years. Can’t see any swings significant enough to change the GE outcome. They have also been warned of a repeat of trussesque policies damaging the economy further. |
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“Jeremy Hunt set to cut national insurance by 2p in budget
Pre-election giveaway should save average earner £450 a year but spending cuts may follow”
Welcome news as the mortgage repayments are up 61% or £481 per month for average semi-detached home (ons fig)
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https://www.bbc.co.uk/news/uk-politics-68482172
I liked Hunt bang on about councils cutting diversity officers. This BBC reality check looked at FOI requests for how much councils spend on diversity schemes and officers. Birmingham spend 0.02% of its budget on them.
Wow, cut that and they will be out of debt in no time.
The idea that high interest rates are down to international factors is a massive coincidence as they all seemed to come home to roost in the days following the Truss/Kwateng Budget. What a coincidence.
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Is the current Conservative Party just really bad at politics?
Poll after poll says that the state of public services, mainly the NHS, is the main concern of the electorate, but they think giving people £9 a week is the answer to all our problems? |
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By *deepdive OP Man 38 weeks ago
France / Birmingham |
"https://www.bbc.co.uk/news/uk-politics-68482172
I liked Hunt bang on about councils cutting diversity officers. This BBC reality check looked at FOI requests for how much councils spend on diversity schemes and officers. Birmingham spend 0.02% of its budget on them.
Wow, cut that and they will be out of debt in no time.
The idea that high interest rates are down to international factors is a massive coincidence as they all seemed to come home to roost in the days following the Truss/Kwateng Budget. What a coincidence.
"
Politicians lie
The media pushes what they want you to focus on.
The government hopes that you forget their past pledges and, if you don't, the fact that they never materialised is due to outside influences.
We need to change this (and I don't simply mean the party who is in government although that would be an excellent start!). |
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"Will Hunt's budget help the economy?
Will it reduce taxes for the poor?
Will he take away or modify the laws on nom-dom status and therefore admit that some of Labours proposals were good after all however; if he does, and uses this money to cut taxes rather than where Labour had earmarked it, will it not affect what Labour had said it could do?
Will Hunt's budget be a good one for the UK or something to cripple the next government?
Will Hunt lose his seat as an MP at the next election ?
Will he be given a peerage by the outgoing PM...
A lot will be revealed very soon ...
Welcome to the whacky races!
Is there anything that hunt can announce that the incoming Labour government can't simply reverse?
They can reverse anything but would it be political suicide?"
Perhaps but if they really think a reduction in tax from what is said to be the highest for ages is a bad thing then they should reverse it but show what the increase will be spent on rather than just being swallowed up by the government machine. They will have no meaningful opposition for a while so best get it done before the Tories recover |
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"They have already introduced highest tax rises since 1956, doubled most peoples mortgages and put economy into recession"
"To be fair to them, interest rates went up because of inflation from high energy prices due to the war in Ukraine. Not really the fault of the Tories. The recession (if there is one) is a result of economic slowdown caused by the Bank of England increasing interest rates. Again, not the fault of the Tories.
There are plenty of other reasons to bash them, no point using stuff that isn't actually their fault."
"Do u not remember Liz Truss' mini budget which has left us all financially worse off. 100% fault of the Tories."
"I do remember the Liz Truss budget, and interest rates did go up 0.75% after that. But the BoE rate had been climbing since the beginning of 2022, and it continued to climb until August 2023. The increase in the base rate came from other factors and wasn't noticeably affected by Liz Truss' budget."
"Truss and Kwarteng ineptitude resulted in the Bank of England intervention of £19bn emergency bond purchases after the mini-budget to stabilise the markets and prevent a run on pension funds.
She was not a good investment. Costing us £115,000 annually +rpi for her life pension after seven disastrous weeks as PM"
Possibly so, but that doesn't back up your original claim, which was that the Tories doubled interest rates and put the economy into recession. Neither of which are true. |
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"The idea that high interest rates are down to international factors is a massive coincidence as they all seemed to come home to roost in the days following the Truss/Kwateng Budget. What a coincidence."
Interest rates started going up in January 2022, and Truss didn't get in till September. So unless you are claiming that the governers of the Back of England are prescient, it's not much of a coincidence at all. |
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"The idea that high interest rates are down to international factors is a massive coincidence as they all seemed to come home to roost in the days following the Truss/Kwateng Budget. What a coincidence.
Interest rates started going up in January 2022, and Truss didn't get in till September. So unless you are claiming that the governers of the Back of England are prescient, it's not much of a coincidence at all."
They increased a bit but the jump after the budget was huge. |
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"The idea that high interest rates are down to international factors is a massive coincidence as they all seemed to come home to roost in the days following the Truss/Kwateng Budget. What a coincidence."
"Interest rates started going up in January 2022, and Truss didn't get in till September. So unless you are claiming that the governers of the Back of England are prescient, it's not much of a coincidence at all."
"They increased a bit but the jump after the budget was huge. "
Before the budget the rate was rising at 0.5% per month. After the budget that changed to 0.37% per month. In the whole of 2022 the average was 0.29% per month. |
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By *andu66Couple 38 weeks ago
South Devon |
https://www.theguardian.com/commentisfree/2024/mar/05/banker-budget-mega-rich-traders-jeremy-hunt
The budget is a piece of theatre meant for your consumption. It is a cute moment – a photogenic moment where a multimillionaire can hold up a red box and bribe you with a bit of your money, while they and all the other multimillionaires bankrupt the government with monetary and fiscal stimulus packages that seem somehow to always end up in their own pockets |
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