The Budget
Moderator: Long slender neck
Re: The Budget
Why wouldn't independent budget watchdog the OBR back up Reeves' claim about the £22 bn black hole?
-
- Fresh Alias
- Posts: 180
- Joined: Tue Oct 08, 2024 8:37 pm
- Has thanked: 34 times
- Been thanked: 13 times
Re: The Budget
Because it wasn't given the full details?
https://www.independent.co.uk/news/uk/o ... 38453.html
The Office for Budget Responsibility (OBR) has uncovered £9.5 billion in spending pressures that it was not made aware of ahead of Jeremy Hunt’s fiscal statement in March, and has said that its judgment on spending would have been “materially different” had it had access to this information
https://www.independent.co.uk/news/uk/o ... 38453.html
Re: The Budget
So is the OBR's £9.5bn black hole different to the chancellor's £22bn black hole or are they part of the same black hole?Bandy Legs wrote: ↑Wed Oct 30, 2024 10:05 pm Because it wasn't given the full details?The Office for Budget Responsibility (OBR) has uncovered £9.5 billion in spending pressures that it was not made aware of ahead of Jeremy Hunt’s fiscal statement in March, and has said that its judgment on spending would have been “materially different” had it had access to this information
https://www.independent.co.uk/news/uk/o ... 38453.html
-
- Fresh Alias
- Posts: 180
- Joined: Tue Oct 08, 2024 8:37 pm
- Has thanked: 34 times
- Been thanked: 13 times
Re: The Budget
I don't know, Sorry about that.faldO wrote: ↑Wed Oct 30, 2024 10:38 pmSo is the OBR's £9.5bn black hole different to the chancellor's £22bn black hole or are they part of the same black hole?Bandy Legs wrote: ↑Wed Oct 30, 2024 10:05 pm Because it wasn't given the full details?The Office for Budget Responsibility (OBR) has uncovered £9.5 billion in spending pressures that it was not made aware of ahead of Jeremy Hunt’s fiscal statement in March, and has said that its judgment on spending would have been “materially different” had it had access to this information
https://www.independent.co.uk/news/uk/o ... 38453.html
-
- Bored office worker
- Posts: 2563
- Joined: Fri Apr 12, 2019 10:15 am
- Has thanked: 106 times
- Been thanked: 620 times
Re: The Budget
How so? It's a business providing a service and should be treated the same as everyone else.George M wrote: ↑Wed Oct 30, 2024 5:09 pmSo then we need to ban private schools completely. That will never happen. We are way beyond that making a difference. Ill educated children become ill educated parents who produce more ill educated children. The mistakes in education, lack of funding , can be traced back to the last century. It will take another 50 years to pull it around if changes were made now. Putting VAT on private school education is vindictiveHoover Attack wrote: ↑Wed Oct 30, 2024 4:37 pmYes. If there isn’t an opt out option for those with power, influence and money, then yes, more money will suddenly appear.
-
- Fresh Alias
- Posts: 186
- Joined: Sun Feb 18, 2024 2:55 pm
- Has thanked: 117 times
- Been thanked: 17 times
Re: The Budget
Tim Martin looks after drinkers everyday of the year, often with far more than a penny.Bandy Legs wrote: ↑Wed Oct 30, 2024 3:54 pmLook after the pennies & the pounds will, oh what'd the end of that famous saying?
Go into most pub chains and it will be hard to identify the penny you save. You have more chance of saving by looking for small change on the floor , most people cannot be bothered to pick up on the way to the pub.
-
- Fresh Alias
- Posts: 186
- Joined: Sun Feb 18, 2024 2:55 pm
- Has thanked: 117 times
- Been thanked: 17 times
Re: The Budget
She kept going on about portacabins as classrooms. I had one as a classroom in the 60’s when Labour were in power. They were warmer and smelt great as new. The kids loved them!
-
- Bored office worker
- Posts: 2860
- Joined: Tue Feb 25, 2020 11:03 pm
- Has thanked: 308 times
- Been thanked: 658 times
Re: The Budget
Labour are a party of rhetoric, sound bites and promises they don’t keep, that’s politics, they are not alone. Though of late they have taken it to new high levels.Yanzi Gravy wrote: ↑Thu Oct 31, 2024 5:25 am She kept going on about portacabins as classrooms. I had one as a classroom in the 60’s when Labour were in power. They were warmer and smelt great as new. The kids loved them!
But what we got was typical Labour. Tax and spend. Huge borrowing too. Have we just witnessed a Liz Truss moment or inspirational changes? Time will tell of course. In the meantime plenty will suffer as a consequence. Let’s hope it’s worth the pain.
- Dunners
- Boardin' 24/7
- Posts: 8859
- Joined: Thu Apr 11, 2019 4:21 pm
- Has thanked: 1045 times
- Been thanked: 2459 times
- Dunners
- Boardin' 24/7
- Posts: 8859
- Joined: Thu Apr 11, 2019 4:21 pm
- Has thanked: 1045 times
- Been thanked: 2459 times
Re: The Budget
My main takeaway on the budget, from reading right-wing online commentators, is that I never knew how many of them were just sooooooo concerned with the plight of small, family run, farms.
- Hoover Attack
- Regular
- Posts: 4817
- Joined: Thu Nov 16, 2023 10:41 am
- Has thanked: 592 times
- Been thanked: 1186 times
Re: The Budget
Not sure why farmers are so stressed about finally having to pay inheritance tax. All they need to do is send their offspring to the local state school and used the private schooling fees saved to pay the bill when they snuff it. It’s not as if Walter needs a decent education to drive a combine, is it?
I like joined up thinking from Labour on this.
-
- Bored office worker
- Posts: 2082
- Joined: Thu Apr 11, 2019 10:30 pm
- Has thanked: 1802 times
- Been thanked: 409 times
Re: The Budget
Quite simple gift the farm to the kids at retirement and live 7 years. Oh the kids don’t want to farm but would love the asset tax free.
-
- Regular
- Posts: 4663
- Joined: Sat Apr 13, 2019 3:36 pm
- Has thanked: 1097 times
- Been thanked: 736 times
Re: The Budget
Who are the “the plenty who will suffer” by the way?Dohnut wrote: ↑Thu Oct 31, 2024 6:50 amLabour are a party of rhetoric, sound bites and promises they don’t keep, that’s politics, they are not alone. Though of late they have taken it to new high levels.Yanzi Gravy wrote: ↑Thu Oct 31, 2024 5:25 am She kept going on about portacabins as classrooms. I had one as a classroom in the 60’s when Labour were in power. They were warmer and smelt great as new. The kids loved them!
But what we got was typical Labour. Tax and spend. Huge borrowing too. Have we just witnessed a Liz Truss moment or inspirational changes? Time will tell of course. In the meantime plenty will suffer as a consequence. Let’s hope it’s worth the pain.
- Rich Tea Wellin
- MB Legend
- Posts: 10443
- Joined: Thu Apr 11, 2019 7:01 pm
- Has thanked: 4523 times
- Been thanked: 3200 times
Re: The Budget
You can tell it was a decent enough budget but the selfish righties on here frothing at the mouth
- Long slender neck
- MB Legend
- Posts: 14218
- Joined: Fri Apr 12, 2019 9:13 am
- Has thanked: 2486 times
- Been thanked: 3261 times
- Rich Tea Wellin
- MB Legend
- Posts: 10443
- Joined: Thu Apr 11, 2019 7:01 pm
- Has thanked: 4523 times
- Been thanked: 3200 times
Re: The Budget
Honestly, would love to understand the view. They’ve had their 14 years of tories who have low taxes (although didn’t) and promotes the individual…and the country is on its knees. Selfishness manifested in every single way possible.
And there’s a new government with some pretty meak tax measures that only affects the people who can afford it and they are up in arms, the poor things.
I’m sure the banks on the Isle of Man are extra busy today
And there’s a new government with some pretty meak tax measures that only affects the people who can afford it and they are up in arms, the poor things.
I’m sure the banks on the Isle of Man are extra busy today
-
- Tiresome troll
- Posts: 1466
- Joined: Thu Nov 14, 2019 7:43 pm
- Has thanked: 2 times
- Been thanked: 164 times
Re: The Budget
Most will suffer as a result of this budget. The only group that won’t will be civil servants as is usual with most Labour governments. Borrow loads and throw it down the pit of sh*t that is the wasteful public service sectorBoniO wrote: ↑Thu Oct 31, 2024 7:57 amWho are the “the plenty who will suffer” by the way?Dohnut wrote: ↑Thu Oct 31, 2024 6:50 amLabour are a party of rhetoric, sound bites and promises they don’t keep, that’s politics, they are not alone. Though of late they have taken it to new high levels.Yanzi Gravy wrote: ↑Thu Oct 31, 2024 5:25 am She kept going on about portacabins as classrooms. I had one as a classroom in the 60’s when Labour were in power. They were warmer and smelt great as new. The kids loved them!
But what we got was typical Labour. Tax and spend. Huge borrowing too. Have we just witnessed a Liz Truss moment or inspirational changes? Time will tell of course. In the meantime plenty will suffer as a consequence. Let’s hope it’s worth the pain.
-
- Tiresome troll
- Posts: 1466
- Joined: Thu Nov 14, 2019 7:43 pm
- Has thanked: 2 times
- Been thanked: 164 times
Re: The Budget
It’s a tax on education.Adz wrote: ↑Thu Oct 31, 2024 12:44 amHow so? It's a business providing a service and should be treated the same as everyone else.George M wrote: ↑Wed Oct 30, 2024 5:09 pmSo then we need to ban private schools completely. That will never happen. We are way beyond that making a difference. Ill educated children become ill educated parents who produce more ill educated children. The mistakes in education, lack of funding , can be traced back to the last century. It will take another 50 years to pull it around if changes were made now. Putting VAT on private school education is vindictiveHoover Attack wrote: ↑Wed Oct 30, 2024 4:37 pm
Yes. If there isn’t an opt out option for those with power, influence and money, then yes, more money will suddenly appear.
- Max B Gold
- MB Legend
- Posts: 12252
- Joined: Thu Apr 11, 2019 2:12 pm
- Has thanked: 972 times
- Been thanked: 2789 times
Re: The Budget
Typical Labour trying to enhance equality by taxing something that should be abolished.George M wrote: ↑Thu Oct 31, 2024 9:36 amIt’s a tax on education.Adz wrote: ↑Thu Oct 31, 2024 12:44 amHow so? It's a business providing a service and should be treated the same as everyone else.George M wrote: ↑Wed Oct 30, 2024 5:09 pm
So then we need to ban private schools completely. That will never happen. We are way beyond that making a difference. Ill educated children become ill educated parents who produce more ill educated children. The mistakes in education, lack of funding , can be traced back to the last century. It will take another 50 years to pull it around if changes were made now. Putting VAT on private school education is vindictive
-
- Tiresome troll
- Posts: 1466
- Joined: Thu Nov 14, 2019 7:43 pm
- Has thanked: 2 times
- Been thanked: 164 times
Re: The Budget
How about enhancing equality by bringing everything else up to the same level rather than trying to bring everything down to a sh*t levelMax B Gold wrote: ↑Thu Oct 31, 2024 9:39 amTypical Labour trying to enhance equality by taxing something that should be abolished.
- StillSpike
- Regular
- Posts: 4149
- Joined: Thu Apr 11, 2019 5:18 pm
- Has thanked: 515 times
- Been thanked: 1182 times
- Max B Gold
- MB Legend
- Posts: 12252
- Joined: Thu Apr 11, 2019 2:12 pm
- Has thanked: 972 times
- Been thanked: 2789 times
Re: The Budget
Why would I want that?George M wrote: ↑Thu Oct 31, 2024 9:44 amHow about enhancing equality by bringing everything else up to the same level rather than trying to bring everything down to a sh*t levelMax B Gold wrote: ↑Thu Oct 31, 2024 9:39 amTypical Labour trying to enhance equality by taxing something that should be abolished.
- Currywurst and Chips
- Boardin' 24/7
- Posts: 6104
- Joined: Sun Dec 22, 2019 10:40 am
- Has thanked: 381 times
- Been thanked: 1466 times
Re: The Budget
Shame they didn’t just close the tax loopholes on the trillionaire bankers then we wouldn’t have to raise NI contributions at all
- Max B Gold
- MB Legend
- Posts: 12252
- Joined: Thu Apr 11, 2019 2:12 pm
- Has thanked: 972 times
- Been thanked: 2789 times
Re: The Budget
If only Labour hadn't taken a £4m bribe from that offshore venture capitalist fund they could have removed the favourable tax treatment of the "carried interest" which billionaire venture capitalists benefit.Currywurst and Chips wrote: ↑Thu Oct 31, 2024 10:12 am Shame they didn’t just close the tax loopholes on the trillionaire bankers then we wouldn’t have to raise NI contributions at all
They seemed very keen to abolish it and were always blabbering on about it pre election.Wonder what changed their minds?