Chancellor Rachel Reeves: Her Time Is Up!
- Thread starter Larry O'Hara
- Start date
andysays
Love and solidarity
Mind you the money for NHS is welcome, that's something the tories avoided for 14 years.
Budget 2024: Biggest day-to-day increase in NHS spending since 2010 announced
The chancellor said the cash injection into the NHS will deliver repairs to hospitals, increase procedures and fund more beds and diagnostic tests.news.sky.com
Will be interesting to see how much is diverted into private pockets. They also quite seem to like a figure of £22 billion: carbon capture, 'black hole' and extra NHS funding.
Eta: plus £11 billion for infected blood victims and £1.8 billion for victims of Horizon,
But as has already been pointed out, the NHS will lose significant amounts of money from changes in employers NI payments.
Hollis
bloody furious
The pension thing seems to be an anomaly resulting from the 2015 changes. From my understanding (happy to be corrected) prior to that you basically had to buy an annuity or you were taxed heavily at 75 years... I guess the lifetime allowance went someways towards taxing excess wealth in pensions.
I imagine the change may result in more people taking out annuities at some point, rather than leaving loads of cash swilling around in their pension pot, also making more lifetime gifts or spending it. Of course if you leave to a charity then no IHT.
I imagine the change may result in more people taking out annuities at some point, rather than leaving loads of cash swilling around in their pension pot, also making more lifetime gifts or spending it. Of course if you leave to a charity then no IHT.
PTK
Paul Kegan
It is always heartwarming to see talk of "pension pots".Good to know how few Urban posters are on minimum wage and live in the North…
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
Mind you the money for NHS is welcome, that's something the tories avoided for 14 years.
Budget 2024: Biggest day-to-day increase in NHS spending since 2010 announced
The chancellor said the cash injection into the NHS will deliver repairs to hospitals, increase procedures and fund more beds and diagnostic tests.
Will be interesting to see how much is diverted into private pockets. They also quite seem to like a figure of £22 billion: carbon capture, 'black hole' and extra NHS funding.
Eta: plus £11 billion for infected blood victims and £1.8 billion for victims of Horizon,
Plus HS2 coming in to London rather than Acton.
Plus the RAAC crisis actually being dealt with.
So many cans the Tories have been merrily kicking down the road whilst they stuff their pockets with our cash, the piper has to be paid and this all feels like a very mild way to start.
Crispy
The following psytrance is baṉned: All
Yeah it says "Parklife" on the back
krink
I'll do it this afternoon
I live in social housing and the annual rent increase is already high enough considering how shit the service I get is (ie none). It's my understanding that the government is allowing this so the landlords have more money to spend on building "affordable" housing to buy. How does that help people like me who can't afford to buy?
Also, does anyone know when we find out about the level of cuts to local government? The tories had decided on the next three years of "savings" (cuts) but I've no idea if the current lot are keeping those cuts or doing their own.
I have a low paid job at the local council and I need to know if I should start looking elsewhere as they usually cut from the bottom rather than the top.
And the 50% increase on the bus cap was a bit shit too. Long journeys are still a bargain but most journeys are short (into town usually) and the 2 quid fares definitely reduced car journeys. So much for trying to be green.
Well that's my 2p worth (3p from Monday)
Also, does anyone know when we find out about the level of cuts to local government? The tories had decided on the next three years of "savings" (cuts) but I've no idea if the current lot are keeping those cuts or doing their own.
I have a low paid job at the local council and I need to know if I should start looking elsewhere as they usually cut from the bottom rather than the top.
And the 50% increase on the bus cap was a bit shit too. Long journeys are still a bargain but most journeys are short (into town usually) and the 2 quid fares definitely reduced car journeys. So much for trying to be green.
Well that's my 2p worth (3p from Monday)
brogdale
Coming to terms with late onset Anarchism
I'd wear it
hitmouse
music obfuscation technology
Oh, and at one point, I think it must've been during the public consultation, Stagecoach started running big adverts on the side of their buses with doom and gloom warnings of the terrible things that would happen if the bus service was regulated. Can't remember what any of them were, other than presumably Stagecoach not being able to make as much money as they'd like. Anyway, if all goes well I suppose West Yorkshire commuters have that to look forward to.
scifisam
feck! arse! girls! drink!
More stamping down on the poors, basically. They'd abolish all social housing if they could.
scifisam
feck! arse! girls! drink!
Good to know how few Urban posters are on minimum wage and live in the North…
I think quite a few are on minimum wage and more live in the north than you'd expect for a website based around Brixton.
A380
How do I change this 'custom title' thing then?
You'd need a heart of stone not to laugh...
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
What are they even claiming has supposedly happened?
Pickman's model
Starry Wisdom
Boat unhappy
mx wcfc
Well-Known Member
well, exactly..........
mx wcfc
Well-Known Member
My understanding is that "the rich" and their advisors are saying "oh, is that all?"
(I appear to have replied to the wrong post)
scifisam
feck! arse! girls! drink!
Looked it up, and it is real:
‘Labour has put the fear of God in everyone’: the pensioners dreading Reeves’s Budget
Growing number of older Britons feel their generation has been ‘hung out to dry’
www.telegraph.co.uk
The full article does not explain their "woes" in a way that actually makes sense, either. Essentially they might have to sell some of their dozens of buy-to-let properties.
That appears to be true if you’re only looking at the UK. But if you zoom out, you see that it’s the same pattern across all of Europe and into the US too
PR1Berske
Alligator in chains by the park gates.
How private equity convinced Labour to go easy on its multimillion pound tax perk
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mentalchik
"I say we take off and nuke the site from orbit."
Looked it up, and it is real:
‘Labour has put the fear of God in everyone’: the pensioners dreading Reeves’s Budget
Growing number of older Britons feel their generation has been ‘hung out to dry’
The full article does not explain their "woes" in a way that actually makes sense, either. Essentially they might have to sell some of their dozens of buy-to-let properties.
And their so called 'woes' pre-date this budget....they could sell off some of their 60 properties surely.....sick of hearing moaning from people that have over time become buy to let landlords
There is definitely a piece to be written about the systematic way in which savings and investments in this country have been encouraged to be funnelled into property, and why this was always a terrible idea for all concerned (including the investors). Most people I know — even those working in the financial sector — seem to think that the best thing to do with any spare money they have is use it to buy property. They often don’t even consider other options. That’s not a social trend that each individual has freshly thought up. It comes from a common sense understanding that this is simply the way you do it. There has been a common sense that doing this is “safe”, despite the clear risks associated with concentrating all your wealth into a single sector that is exposed to very high political risk (as we’re now seeing). Where that common sense came from and how and why it was maintained is an interesting topic.
tommers
Busta Rhymes is an unstoppable movement
Anybody who has 60 buy to let properties as well as "the pensions built up in their day jobs" does not have to worry about money ever again FFS. Unless they've made some pretty stunningly bad choices elsewhere.
You need at least a 25% deposit to get a BTL mortgage, say the properties are £200k each then you've got £3 million there at least. Fuck off with this "oh I have to go back to work at 77" bullshit.
And what? They had to "sell their boat"? Were this 67 and 77 year old planning to sail the world on their own? What kind of boat are we looking at here? John and Julie rounding the Cape of Good Hope in their catamaran.
You need at least a 25% deposit to get a BTL mortgage, say the properties are £200k each then you've got £3 million there at least. Fuck off with this "oh I have to go back to work at 77" bullshit.
And what? They had to "sell their boat"? Were this 67 and 77 year old planning to sail the world on their own? What kind of boat are we looking at here? John and Julie rounding the Cape of Good Hope in their catamaran.
Buddy Bradley
Pantheistic solipsist
It could just be a badly written/deliberately slanted article - "investing in 60 properties" might mean they bought some shares in a property management company, rather than personally running a privately owned property empire.
And apparently Rachel reeves fault
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