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Chancellor Rachel Reeves: Her Time Is Up!

Raising CGT by 8% for normal tax payers and 4% for higher rate payers seems.... odd.
 
How does this cap work? When I lived outside London the bus was £4-5, well above this supposed £2...
Since then, the fares have been caped at £2.00
I went got a bus last year to another town, and asked for a return, and the driver said that that was not necessary, as it was £2.00 each way. The bus fare for where you lived would now be £2.00 each way. This also applies to buses that go quite long distances to airports.
 
I can get the bus to a town 20 miles away for 2 quid each way, which will now go up to 3 quid each way. Still seems dirt cheap to me. To get a train for a similar journey would cost over double that.
 
Since then, the fares have been caped at £2.00
I went got a bus last year to another town, and asked for a return, and the driver said that that was not necessary, as it was £2.00 each way. The bus fare for where you lived would now be £2.00 each way. This also applies to buses that go quite long distances to airports.


Yeah, my sister lives in Bagshot, her and her husband can get to Heathrow and back for £8, (will now be £12), The car drop-off fee for a round trip to Heathrow is £10, so a bargain to be sure.
 
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I can get the bus to a town 20 miles away for 2 quid each way, which will now go up to 3 quid each way. Still seems dirt cheap to me. To get a train for a similar journey would cost over double that.
But simply because that £3 fare is lower than another mode of public transport or affordable to you, doesn't change the fact this decision not to continue with the £2 cap, and raise fares by 50%, will have a terrible impact on the household budgets of the poorest and most vulnerable. £6 per day to access work, dependents, job interviews, DWP appointments, the doctors or voluntary activity does not seem "dirt cheap" to me. This was a needlessly cruel piece of performative nastiness from the LP.
 
When I first moved to London in 1979 the bus fares were 12p which, according to the BoE's inflation calculator would equate to about 57p in today's money. And when I went to visit my friends in Doncaster in that same year the bus fares were 2p.

I don't think neoliberal bus fares are dirt cheap.

Anyway, this just gets in the way of the main point that any LP worth the name should be working towards free public transport at the point of travel.
 
Bad news for the potential next leader of the opposition:

Statutory maternity (adoption, paternity, bereavement, shared parental) pay will further increase to an “excessive” £187.16 per week from April 2025. Increasing by just over £3 (that’s around about a single bus fare from next year for the benefit of Kid Eternity)

Statutory sick pay will also go up to £118.73 per week.

Both shocking low and I would have thought at least increasing SSP to match the other statutory payments would have been a start. But then again if you’re sick you’re not “working people” so don’t count.

I would be in favour of matching both to the minimum wage long term.
 
When I first moved to London in 1979 the bus fares were 12p which, according to the BoE's inflation calculator would equate to about 57p in today's money. And when I went to visit my friends in Doncaster in that same year the bus fares were 2p.

I don't think neoliberal bus fares are dirt cheap.

Anyway, this just gets in the way of the main point that any LP worth the name should be working towards free public transport at the point of travel.
Manchester have announced that they'll stick with £2 for the rest of this financial year
 
Allowing social landlords to raise their rents above inflation....ffs sake the whole point of being in social housing (as i am) is that we cannot afford private rents. my rent is already not far off half my take home pay :mad::mad::mad:

Reeves has, as predicted, left unearned income alone and the wealth hoarders will be popping champagned corks tonight. She's gone after small businesses employing people instead.

Your example is a good one of why, far from fixing the rot or whatever bollocks Starmer uses to describe the budget, Labout have further embedded the orthodoxy.
 
The market also appears unimpressed. After everything that Rachel has done for them as well…

The conclusion will be that punishment beating of the poor will need to be maintained until the morale of the market improves.

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What were all the stories about people selling off their buy to let properties and that plastic rod Stewart plumbing fucker leaving the country about? Was it the 4% rise in CGT? That doesn't even affect buy to lets. Have I missed something?

Some companies have to pay slightly more NIC? Otherwise nothing has really changed has it?
 
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