[Other Sport] *** 2024 Autumn Budget Official Thread ***

[PILTDOWN MAN]

She likes riding.

And lives near the awful A21 as do I, I might be in. If I left now I might get to her home by December

 

[Napper]

Got to say she was very impressive delivering that .

Can see why they were elected ( despite the Tory failures for 14 years )

 

[KZNSeagull]

Wasn't he sat next to Reeves

Yes. It was Darren Jones, Treasury Minister

 

[Weststander]

I remember Brown making it zero corporation tax for the first ten k of net profit ..with the personal allowance at 4500? …you could earn a fair bit (back then) with zero tax (no tax on div) ..year later because so many one man bands went Ltd …he made it 10% …some of the advantages have been steadily eroded

Almost all the tax advantages went, compared now to say 2005. Osborne particularly targeted SME owners.

 

[ROSM]

As an outsider who hasn't lived in the UK for 16 of the last 20 years and isn't planning on doing so for much longer, this is it.

Conservatives delivered Brexit.
Labour ignore Brexit.
Lib Dems aren't prioritizing Brexit.

At the risk of a rather simplistic analogy, if you've realised that you've turned down the wrong road, do you:
a. Admit that you've made a mistake and reverse the direction, albeit with some temporary embarrassment, inconvenience and time lost?
b. Continue to drive down the wrong road choosing the hope of circumstances improving despite all evidence to the contrary over correcting a mistake?

IMHO it continues to be the greatest single act of self-sabotage in the nation's recent history. Why pretend otherwise? Change it now or suffer longer.

Political party popularity should never be more important than a country's welfare.

Not sure it can be changed easily. We won't again get the deal we had. That's the problem and I say this as someone who was vehemently anti brexit and is still very pro eu.

Reeves did mention it at the start of the budget speech but the 40m black hole is almost exactly what Osborne predicted brexit wod cost the uk

 

[Bozza]

Chancellors always deliver triumphal, tub-thumping budget speeches that make us feel great about most things. Even Tory budgets FFS.

But then, over the following day or so it always starts to unravel a bit, doesn’t it? So perhaps let’s wait and see what the fallout is. Even watching Paul Johnson in the studio feels a bit like a bucket of cold water over the head.

Is it a sleight of hand of sorts, and I absolutely don't mean any intent to deceive?

The things we tend to focus on are tax (including NI) in our pay packets and the VAT (including Fuel Duty) on the things we buy, and none of those have changed. As such, there's some undoubted feel-good factor, particularly when we were all braced for a right old hammering today.

But, beyond those headlines, tax is going up - it's just not quite as visible - and government borrowing is going to soar - and we all pay for that eventually.

(Again - no criticism implied - rebuilding the nation needs to be paid for)

 

[Eeyore]

Ed Conway on it already, as he was for Hunt’s last budget…

I see at as a legacy of a nation that can no longer sustain the level of government services, not least because other nations have caught up as indeed was inevitable. The NHS is almost impossible to maintain at its current level, for example. Dem good old days are over and are being sustained, to get elected, by high borrowing by government after government.

It's the massive elephant in the room whilst everyone chooses to face the corner. No-one wants to say 'We just can't afford it anymore'

 

[Pavilionaire]

As an outsider who hasn't lived in the UK for 16 of the last 20 years and isn't planning on doing so for much longer, this is it.

Conservatives delivered Brexit.
Labour ignore Brexit.
Lib Dems aren't prioritizing Brexit.

At the risk of a rather simplistic analogy, if you've realised that you've turned down the wrong road, do you:
a. Admit that you've made a mistake and reverse the direction, albeit with some temporary embarrassment, inconvenience and time lost?
b. Continue to drive down the wrong road choosing the hope of circumstances improving despite all evidence to the contrary over correcting a mistake?

IMHO it continues to be the greatest single act of self-sabotage in the nation's recent history. Why pretend otherwise? Change it now or suffer longer.

Political party popularity should never be more important than a country's welfare.

Jo Swinson realised that Brexit was never going to work which is why as Lib Dem leader she campaigned for a Second Referendum in December 2019 and saw her political careers end abruptly and her party almost wiped out of existence. I think every party took note, and it is as if they've all met and agreed never to mention it again.

My personal view is that everything Brexit is off the political agenda until the 10th Anniversary of the Referendum in June 2026, at which point the debate will start up again. The Lib Dems and SNP will be the first to call for a review of Brexit, Tory and Labour will gauge the public's reaction AND IF Labour's growth plans are flatlining and the Lib Dems are gaining traction then I could see Labour being receptive to something like EFTA membership / Customs Union.

The next general election will be held in 2029, so 13 years after the Referendum and almost 10 years before we Brexited. Labour need to start planning now as to how they can present a Customs Union to the British people without it sounding like a reversal of Brexit. The problem is Starmer and Rayner have ruled stuff out happening in this parliament, which was incredibly naive as they didn't need to do that to win the 2024 election. That will come back to bite them on the arse in 2029.

 

[Weststander]

Yep, the talk of all economists at the election was that whoever won would have to break the promises they were all making not to raise taxes. The only alternative was to pursue the Trusslike wishful thinking policies that Reform were proposing and we all saw what the market did the last time that was done. It's the right general direction, but this government is so far the equivalent of one bloke with a mop and bucket turning up to give the place a bit of a tidy after the Glastonbury festival.

We need to be very patient. A combination of Brexit, pandemic and idiotic self serving mismanagement mean that we are further up the creek than we were after winning WWII and it took nearly two decades to get over that. This at least shows that this lot think it might be an idea to go on Amazon and type in the word 'paddle'.

And Putin/Ukraine/energy.

 

[Man of Harveys]

Brexit is taboo because the fact that the bigoted and xenophobic views which drove it are so widespread is also a huge taboo. IMHO.

Hard to tackle that when the whole shitfest was driven by a huge percentage of the people who have just voted you in.

Otherwise: competent sensible administration is BACK. Love it. Feels weird. Feels good.

 

[hart's shirt]

Not sure it can be changed easily. We won't again get the deal we had. That's the problem and I say this as someone who was vehemently anti brexit and is still very pro eu.

Reeves did mention it at the start of the budget speech but the 40m black hole is almost exactly what Osborne predicted brexit wod cost the uk

Agreed, but short-term hindrances and potentially inferior deals than before shouldn't dissuade Britain from making the right long-term decision.

Looking in, I'd say that Britain hasn't got the country now that it had pre-Brexit.

Even as a confirmed centrist, any party that explicitly pushed for Britain to rejoin the EU would get my vote on this single issue alone.

It continues to be that important, whether people and parties want to talk about it or not. As Pav said earlier, a conspiracy of silence. Shameful really.

 

[Harry Wilson's tackle]

Rishi as animated as I've ever seen him. Jeremy Hunt's eyes look like they're about to pop.

It's envy.

 

[ROSM]

Agreed, but short-term hindrances and potentially inferior deals than before shouldn't dissuade Britain from making the right long-term decision.

Looking in, I'd say that Britain hasn't got the country now that it had pre-Brexit.

Even as a confirmed centrist, any party that explicitly pushed for Britain to rejoin the EU would get my vote on this single issue alone.

It continues to be that important, whether people and parties want to talk about it or not. As Pav said earlier, a conspiracy of silence. Shameful really.

With reform getting the votes they did and seeing what the electorate did to lib dems in 2019 it would have been a poor political (albeit right moral) position to take

 

[nicko31]

The small nurturing schools great on SEN. The elite will still thrive.

SEN should be exempt to be fair

 

[Harry Wilson's tackle]

I'm told it has excellent puzzles.

Such as 'please explain why the f*** we always back the Tories'

 

[Zeberdi]

No.

The call was far greater IHT, CGT, some said on Corp Tax, many said on limited company owners.

I follow these things closely, it’s my profession. Many left wing think tanks and left wing economists were the experts on LBC and R5 in recent weeks. They smugly expected the above including an academic from Sheffield Uni.

Thank god Reeves made the decisions. A Blairite with a keenness to not damage business.

Although personally major IHT changes would’ve been okay with me.

Well I am a lefty so speaking for myself and the other lefty cronies, I’ll stand by what I said

 

[Harry Wilson's tackle]

You've got plenty of plaudits for this post, so I'll be the one to break from the fit of harmony that has broken out on the politics threads on NSC.
This isn't 'boring, sensible, slow and calm', it's the most significant budget since at least 2010. I've just heard Faisal Islam describing it as a 'mammoth' budget. This is a significant reset.

I think what @jcdenton08 and others mean it isn't flashy, gimmicky, partisan, bumptious and egregiously political, like the mountain of shit we had under Johnson and his desiccated pygmy successors.

 

[jcdenton08]

I think what @jcdenton08 and others mean it isn't flashy, gimmicky, partisan, bumptious and egregiously political, like the mountain of shit we had under Johnson and dis desiccated pygmy successors.

Exactly. All business.

 

[amexer]

Has anything been done about lack of tax paid by Amazon Starbucks etc.
Dont like the increase in Em[oyers NI. Always felt if anything this should be decreased to encourage prople to take on staff

 

[Harry Wilson's tackle]

Well Labour have truly screwed those looking for work ( of which there are quite a lot of IT workers made redundant ). Two employers I was speaking to about a new role in their organisations had put the hiring process on hold until the budget - unsurprisingly BOTH today have now come back and said they no longer plan to create the new roles. Thank you Reeves !!!!!

Edit - and the daft thing is that I would have paid far more income tax if I got either role than the extra she has added to ENIC. Stupid.

So you were interviewed and didn't get the job? But they would have given you a job if the budget had been different?

Without wishing to cast nursturshams, that's easy for them to say.