[News] The official match day thread - The Autumn Budget

[TomandJerry]

The noises coming from Hunt and Sunak is that everyone will be paying more tax, but in what way/how much remains to be seen.

 

[Tom Hark Preston Park]

Were loose

 

[Herr Tubthumper]

It’s estimated 30bn of debt was created by Truss’ mini-budget alone and yet the public are expected to cough up for this chaotic experiment. Nice.

 

[Leekbrookgull]

Vat up to 22% ?

 

[Green Cross Code Man]

It’s estimated 30bn of debt was created by Truss’ mini-budget alone and yet the public are expected to cough up for this chaotic experiment. Nice.

Annoying but that is how it always has been.

 

[Herr Tubthumper]

Annoying but that is how it always has been.

I’d make all Tory members and voters pay for the 30bn I mention above. This specific amount was totally avoidable.

 

[TomandJerry]

The chancellor will set out his plan for stabilising the UK economy and reducing inflation in his Autumn Statement at 11:30

 

[zefarelly]

Putting VAT up would be disastrous, it should be coming down.

income tax and NI reforms are a given and need to rise a bit

corporation tax is a big one, and closing loopholes. If the greedy ****s don't like our terms they can f*** off abroad. Someone else will quickly fill the void

We all need to stop using them as well. THink about where we spend our money. And our votes for that matter. Although another topic.

 

[Bozza]

The breadth of ongoing support for energy bills is going to be a biggie for many.

Current estimates have bills, with no government support, rising by a further 48% come April. That would make the average annual household energy bill not too far off £4,000.

 

[beorhthelm]

i exepct less happens than being predicted. the debt hole is smaller than estimates, mostly because they're based on changes already cancelled and bond rates already fallen to pre not-a-budget. most will be a shuffle of the deck so there is a nice headroom next year to have some cuts before the election.

 

[jakarta]

Usual suspect, Fags and Booze?

 

[Green Cross Code Man]

The breadth of ongoing support for energy bills is going to be a biggie for many.

Current estimates have bills, with no government support, rising by a further 48% come April. That would make the average annual household energy bill not too far off £4,000.

The prediction this morning from BBC was that the cap would be set at £3000. I hope this is true as the thought of an average £4000 bill is unconscionable.

 

[Bold Seagull]

Energy Company SSE reports triple profits, a 221% increase to £559m in just 6 months.
Shell makes record global profits of $9.5bn.
UKs largest listed companies, including utilities Shell and Severn Trent pay £500m in dividends to Qatar investment alone.
Global dividend payouts for 3rd quarter from oil and gas sector hits $20bn as companies look to pay shareholders rather than reinvest the capital.

Together.

 

[vegster]

The noises coming from Hunt and Sunak is that everyone will be paying more tax, but in what way/how much remains to be seen.

Probably going to be horrendous. Hunt seems to really get off on being a bastard, remember the junior doctors and his disdain for the NHS and expect more of the same for huge swathes of the country...I am fortunate, I'm insulated against huge tax increases as my company pay almost as little as they can get away with, difficult to tax feck all.... in fact I might even qualify for Universal Credit in a year or so !

 

[beorhthelm]

Energy Company SSE reports triple profits, a 221% increase to £559m in just 6 months.
Shell makes record global profits of $9.5bn.
UKs largest listed companies, including utilities Shell and Severn Trent pay £500m in dividends to Qatar investment alone.
Global dividend payouts for 3rd quarter from oil and gas sector hits $20bn as companies look to pay shareholders rather than reinvest the capital.

Together.

why would an oil company invest capital when their industry is being told to shut down? return to shareholders and they can invest in the next evolution of energy companies.

 

[Official Old Man]

Just give me my 10% on my pension in the same way I've got to give 10% to my staff.

 

[Randy McNob]

It should be called the Tory failure budget - Brexit disaster, covid test and trace / PPE waste, Trussonomics. Their catastrophic handling of our economy are the main reason they have to impose yet more austerity on us

We don't need another budget, we need a general election so we can get rid of these clowns and their disaster economics.

 

[Bold Seagull]

why would an oil company invest capital when their industry is being told to shut down? return to shareholders and they can invest in the next evolution of energy companies.

Companies can't evolve or do new things?

 

[beorhthelm]

Companies can't evolve or do new things?

sure they could, and are to some extent. is it better for a old company with billions invested in oil and gas assets, or a new one focused on developing and specialising in new energy infrastructure?

 

[Barnet Seagull]

Companies can't evolve or do new things?

The Oil and Gas part of our business is branching out into an increasing number of Hydrogen applications. Many of the oil and gas companies are pioneering green hydrogen applications due to it being carbon neutral and a good store of energy. They recognise energy storage is the key to long term profit.