Do you want to discuss boring politics? (16 Viewers)

CCFCSteve

Well-Known Member
So what's Rishi going to do to help us all in the spring Budget today?

Fuck all, presumably.

Guessing he'll blame everything on the Ukraine war and hope everyone forgets that this was all on the cards well before the war.

Then make some tax cuts before the next election to show us how wonderful and generous he and his party is.

You’re in a positive mood PVA 😊

To be fair his hands are tied to some extent. Cost of government borrowing is increasing due to rises in interest rates, which will continue although guessing inflation is bringing down true cost of debt. The Ukraine war is causing a lot of the issues and will continue to do so especially energy and food (due to wheat and fertiliser costs) and pressure to increase defence spending

For what it’s worth I’d:

Reduce fuel duty by say 10p (or reduce VAT on fuel)
Still implement NIC increase for nhs/social care but raise thresholds so lowest paid don’t have to pay it or tweak income tax thresholds to deliver the same result. I’d suggest delaying but don’t think things will improve much in 6-12 months
Bring in one off windfall tax on larger energy co’s profits, or encourage additional immediate investment in UK energy generation by same companies. Channel windfall tax into smaller business support to assist with their energy costs as these are going through the roof and will in turn increase product costs/inflation
In Oct bring in further energy assistance for poorest as cap will go up again

By all accounts some middle/higher income earners built up savings during pandemic so at least for a short period there should be a buffer, hence the focus has got to be mainly on the poorest in society. And before anyone suggests it, we can all currently see what printing more money has done…increased asset prices (benefitting the more well off) and together with post Covid demand and now war, has caused a massive inflation spike, again squeezing the poorest. Inflation was a major issue before the war even started
 

CCFCSteve

Well-Known Member
Do what they've done in France and limit increase in gas prices to 4 percent.
Levy the energy companies with a windfall tax.
Reintroduce the 20 quid UB uplift.
There's loads the wank can do.

The wank ?! 😂 Bit harsh. At least let him do his announcement first. Whatever peoples political persuasion I’m not sure many could complain about his actions during pandemic

Agree about UB/UC. Forgot about that
 

PVA

Well-Known Member
So what's Rishi going to do to help us all in the spring Budget today?

Fuck all, presumably.

Guessing he'll blame everything on the Ukraine war and hope everyone forgets that this was all on the cards well before the war.

Then make some tax cuts before the next election to show us how wonderful and generous he and his party is.

Well he ticked that one off in the first few seconds of his speech :LOL:


"But Sunak warns the actions taken against Russia are not "cost-free" and present a 'risk to our recovery'. "
 

Grendel

Well-Known Member
No VAT on solar panels and heat pumps, I'm all for no VAT on energy saving products but I'm not convinced that's really going to help people with the cost of living crisis.

will the reduction in fuel duty?
 

CCFCSteve

Well-Known Member
No VAT on solar panels and heat pumps, I'm all for no VAT on energy saving products but I'm not convinced that's really going to help people with the cost of living crisis.

It is supposed to be a wider statement/mini budget though, not just focussed on cost of living, although appreciate that’s at forefront of peoples minds

Glad he’s raised NIC threshold to 12.5k.
 

PVA

Well-Known Member
Nothing on energy bills, nothing on housing, nothing on food costs.

His great 'tax plan' is to fuck over everyone now and then reduce taxes before the next election, as predicted.
 

CCFCSteve

Well-Known Member
Nothing on energy bills, nothing on housing, nothing on food costs.

His great 'tax plan' is to fuck over everyone now and then reduce taxes before the next election, as predicted.

I think the energy bills assistance is as previously advised when the new cap figure was confirmed earlier in the year ie council tax rebate and ‘loan’ reducing bills. I’d be shocked if further assistance doesn’t come in Autumn when they know what the new cap will be, assuming energy costs are still a major issue, which I guess they will be
 

Grendel

Well-Known Member
I think the energy bills assistance is as previously advised when the new cap figure was confirmed earlier in the year ie council tax rebate and ‘loan’ reducing bills. I’d be shocked if further assistance doesn’t come in Autumn when they know what the new cap will be, assuming energy costs are still a major issue, which I guess they will be

Why are you attempting rationale coherent arguments to these people? It’s just pointless
 

shmmeee

Well-Known Member
Man is ideologically opposed to targeted measures. Just increase UC FFS, that’s what it’s there for. I don’t need a tax cut
 

skybluetony176

Well-Known Member
No VAT on solar panels and heat pumps, I'm all for no VAT on energy saving products but I'm not convinced that's really going to help people with the cost of living crisis.
It’s a cop out. He’s tried selling it as a brexit benefit when we all know the real benefit would be to scrap VAT on energy bills as touted in the referendum campaign. The people this helps is the people who can afford to get solar etc installed in the first place.
 

Grendel

Well-Known Member
Is that why you’ve chosen not to present a rational or coherent argument in 66k posts so far?

Thats a zinger. It must be so frustrating for you at General Election Time to fail time and time again.

Do better. D minus for that one Mr Councillor
 

shmmeee

Well-Known Member
Thats a zinger. It must be so frustrating for you at General Election Time to fail time and time again.

Do better. D minus for that one Mr Councillor

Eh it was an open goal.

I’m…not a councillor?

Do you think this was a good budget for helping those struggling with the cost of living? Why do I, a higher rate tax payer, need a tax cut and the lowest paid get nothing?

Come on, share all that coherent rationalism with us. I can’t wait to hear it.

Or was that it? “Blue team wins lol”?
 

CCFCSteve

Well-Known Member
It’s a cop out. He’s tried selling it as a brexit benefit when we all know the real benefit would be to scrap VAT on energy bills as touted in the referendum campaign. The people this helps is the people who can afford to get solar etc installed in the first place.

I’ve said before, in a sense fair play, it would’ve been the easiest thing to do and then make a big thing about it being a brexit benefit but they’ve chosen not to do it. I presume because this would’ve cut bills for plenty of people that can afford it so they’ve done weird council tax rebate thing instead
 

Grendel

Well-Known Member
Eh it was an open goal.

I’m…not a councillor?

Do you think this was a good budget for helping those struggling with the cost of living? Why do I, a higher rate tax payer, need a tax cut and the lowest paid get nothing?

Come on, share all that coherent rationalism with us. I can’t wait to hear it.

Or was that it? “Blue team wins lol”?

Yes I remember you were bragging you'd entered high rate taxation fairly late in life and also that you started a thread like a true socialist trying to find ways to avoid it

According to Martin Lewis on the NI issue you'll now be paying more and anyone earning under £35,000 will be paying less.

Thoughts?
 

CCFCSteve

Well-Known Member
Eh it was an open goal.

I’m…not a councillor?

Do you think this was a good budget for helping those struggling with the cost of living? Why do I, a higher rate tax payer, need a tax cut and the lowest paid get nothing?

Come on, share all that coherent rationalism with us. I can’t wait to hear it.

Or was that it? “Blue team wins lol”?

UC should’ve been bumped back up. The increase in NIC threshold will help lowest paid though

Edit - not sure anyone on higher income has received a tax cut overall. Higher rate thresholds have been frozen and increase in NIC
 
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shmmeee

Well-Known Member
UC should’ve been bumped back up. The increase in NIC threshold will help lowest paid though

The lowest paid don’t pay NIC in the first place, threshold increases disproportionately help the better off, as analysis has been showing since they started this in 2010.

If you want to help the poorest you do it through the benefits system, that’s what it’s there for. But Tories are ideologically opposed to the benefits system so will keep doing wasteful measures that are poorly targeted use of funds. The £20 uplift is almost the exact same cost as the NI threshold increase, but most of the benefit goes to richer households.

Same with raising NIC but cutting IT, it basically protects pensioners and those that earn their income outside of standard wages, again I’m sure it’s a complete coincidence these align with Tory voter demographics.

I’m not sure that’s responsible use of funds at the moment. Unless of course your aim isn’t to spend money to alleviate suffering but to give cash to your voters.
 

PVA

Well-Known Member
The poorest just need to go out and get a higher paid job, buy a car & fill it up with fuel and buy a solar panel to get the benefits of this budget.
 

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