Autumn Statement 2022

[Rufus Stone]

As has become habit now, plans for the Budget are tentatively divulged in advance.

https://news.sky.com/story/hunt-warns-this-weeks-b...

What a whirlwind it has been. Only a few weeks ago the 45% tax rate was to be abolished, now it is being extended to take from a small number of new people and more from those already paying it.

As long as the market players are happy though.

Edited by Rufus Stone on Sunday 13th November 05:13

[Vanden Saab]

Flatten the recession curve, FFS, no doubt Labour will call for harder measures and complain that the Tories were too late implementing them.

[Earthdweller]

I have a sneaky feeling that this budget will be a big nail driven into the coffin of the Tory party

But we’ll see I suppose

[A500leroy]

Council tax to rise significantly without consultation...

[Gecko1978]

So to fix the economy we are making people worse off.....OK seems like a great idea

[SWoll]

Gecko1978 said:

So to fix the economy we are making people worse off.....OK seems like a great idea

Well the opposite was proposed, and look how well that went..

The bill was always going to come due for the madness of policy approach taken over the past 2-3 years. As of March this year estimates suggest around £5.5k per person have been spent on the Covid response for a total of £400 billion. Taxke out those that don't pay tax from that calculation and it's £13k each.

Anyone who hasn't seen this coming for at least 2 years has head their head up their arse IMHO.

[bitchstewie]

Thank Truss.

Analysis shows former PM was responsible for half of the Treasury’s £60bn fiscal hole as chancellor prepares to announce cuts in Thursday’s budget

[GT03ROB]

Earthdweller said:

I have a sneaky feeling that this budget will be a big nail driven into the coffin of the Tory party

But we’ll see I suppose

I’d say its a bang on certainty.

[Jasey_]

GT03ROB said:

Earthdweller said:

I have a sneaky feeling that this budget will be a big nail driven into the coffin of the Tory party

But we’ll see I suppose

I’d say its a bang on certainty.

The Tories coffin is already in the ground.

This will seal the grave with a 20 metre sarcophagus.

[Electro1980]

Vanden Saab said:

Flatten the recession curve, FFS, no doubt Labour will call for harder measures and complain that the Tories were too late implementing them.

Well, they would have a point:

bhstewie said:

Thank Truss.

Analysis shows former PM was responsible for half of the Treasury’s £60bn fiscal hole as chancellor prepares to announce cuts in Thursday’s budget

[Slagathore]

SWoll said:

Gecko1978 said:

So to fix the economy we are making people worse off.....OK seems like a great idea

Well the opposite was proposed, and look how well that went..

The bill was always going to come due for the madness of policy approach taken over the past 2-3 years. As of March this year estimates suggest around £5.5k per person have been spent on the Covid response for a total of £400 billion. Taxke out those that don't pay tax from that calculation and it's £13k each.

Anyone who hasn't seen this coming for at least 2 years has head their head up their arse IMHO.

Yes, but at least we are all alive now thanks to what they did.

So just be thankful for that.

When your mortgage goes up and you have to pay more tax and get less back, that is the small price to pay for being saved.

[anonymous-user]

A500leroy said:

Council tax to rise significantly without consultation...

Only in Tory led Councils….

[Gecko1978]

SWoll said:

Gecko1978 said:

So to fix the economy we are making people worse off.....OK seems like a great idea

Well the opposite was proposed, and look how well that went..

The bill was always going to come due for the madness of policy approach taken over the past 2-3 years. As of March this year estimates suggest around £5.5k per person have been spent on the Covid response for a total of £400 billion. Taxke out those that don't pay tax from that calculation and it's £13k each.

Anyone who hasn't seen this coming for at least 2 years has head their head up their arse IMHO.

As another poster points out 5k per person but so few pay tax its 13k remember furlough was capped at 35k etc so of they want 13k sure let me hand that over as a one off. But 13k plus for ever more f that when I an many were entitled to zero help. Perhaps more people need to pay tax than a larger chunk paid by the few.

But while I live in the UK I will just have to suck it up.....wonder if the PMs wife will be impacted

[anonymous-user]

Slagathore said:

SWoll said:

Gecko1978 said:

So to fix the economy we are making people worse off.....OK seems like a great idea

Well the opposite was proposed, and look how well that went..

The bill was always going to come due for the madness of policy approach taken over the past 2-3 years. As of March this year estimates suggest around £5.5k per person have been spent on the Covid response for a total of £400 billion. Taxke out those that don't pay tax from that calculation and it's £13k each.

Anyone who hasn't seen this coming for at least 2 years has head their head up their arse IMHO.

Yes, but at least we are all alive now thanks to what they did.

So just be thankful for that.

When your mortgage goes up and you have to pay more tax and get less back, that is the small price to pay for being saved.

Oh do fk off. No one saved me, I followed the rules, made extreme sacrifices and used my own judgement. Absolutely no one in the government deserves my thanks. Despite there best efforts, I kept family and friends safe. I deserve a lot more than an increase in my mortgage.

And many more would still be alive had No 10 not made such catastrophic errors of judgement….. remind me about those PPE Contracts to lobbyists and friends that delivered nothing and cost billions, the Christmas parties and the after works Friday drinks?

[SWoll]

Electro1980 said:

Vanden Saab said:

Flatten the recession curve, FFS, no doubt Labour will call for harder measures and complain that the Tories were too late implementing them.

Well, they would have a point:

bhstewie said:

Thank Truss.

Analysis shows former PM was responsible for half of the Treasury’s £60bn fiscal hole as chancellor prepares to announce cuts in Thursday’s budget

So a thinktank headed by a chap that used to be Ed Millibands chief policy advisor and a treasury advisor to Alistair Darling is now considered "Independent". I'm sure Labour supporters are loving the JH approach, although probably still not as burdensome as they'd like for some.

As we've discussed before, it looks like a perfect example of scapegoating to me.

Slagathore said:

Yes, but at least we are all alive now thanks to what they did.

So just be thankful for that.

When your mortgage goes up and you have to pay more tax and get less back, that is the small price to pay for being saved.

I do hope you are taking the piss as it's very difficult to tell nowadays.

[TwigtheWonderkid]

Earthdweller said:

I have a sneaky feeling that this budget will be a big nail driven into the coffin of the Tory party

The trick is finding a spare bit of wood in the coffin that hasn't already had a nail hammered into it.

[Slagathore]

SWoll said:

I do hope you are taking the piss as it's very difficult to tell nowadays.

I am, of course, taking the piss.

https://www.spectator.co.uk/article/mervyn-king-sa...

More money printed in the first year of covid than in in the previous decade.

The small price to pay for protecting life. Only we are still having excess non-covid deaths. But it was totally worth it.

[Tankrizzo]

Earthdweller said:

I have a sneaky feeling that this budget will be a big nail driven into the coffin of the Tory party

But we’ll see I suppose

It's the energy stuff that will absolutely screw the Tories come April when basically everyone's bills apart from people on benefits go up another huge amount, despite initially being reassured the government would smooth things out for two years.

It's that sort of stuff that will smash anyone on an income just slightly above the threshold of qualifying for state aid.

People won't forget that in a hurry come election time.

[Bathroom_Security]

Do you think we might ever end up with people (council and government) that wont utterly squander the money we have to pay?

Nothing can be done about it, so may as well drop your pants and let them get on with it

[NerveAgent]

Rufus Stone said:

As has become habit now, plans for the Budget are tentatively divulged in advance.

https://news.sky.com/story/hunt-warns-this-weeks-b...

What a whirlwind it has been. Only a few weeks ago the 45% tax rate was to be abolished, now it is being extended to take from a small number of new people and more from those already paying it.

As long as the market players are happy though.

Edited by Rufus Stone on Sunday 13th November 05:13

Why the focus on the 45% thing?

Seems fairly insignificant compared to what the previous throbbers did to average peoples mortgages?