UK government announces further tax cuts
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- Опубліковано 27 тра 2024
- With his eye firmly on the next election, Jeremy Hunt says he is delivering "much-needed help in challenging times".
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But there were few surprises in this highly trailed budget. First, the giveaways: the centrepiece was the National Insurance cut of 2p in the pound for employees, the second 2p cut in six months.
Full child benefit will now be paid to households where the highest-earning parent earns up to £60,000 - up from the current £50,000 - with partial child benefit for those earning up to £80,000.
Fuel duty stays frozen, with the 5p cut for petrol and diesel kept for another year.
And to pay for them, two Labour policies: tax breaks will be abolished for UK residents who are not domiciled here for tax purposes, after four years of residence.
And the windfall tax on the profits made by oil and gas companies will be extended for another year to 2029.
Tax breaks will also be scrapped for the owners of short-term holiday lets. And there'll be a new tax on vaping products.
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Extra tuppence in the pockets of the poor, extra millions in the pockets of the rich, while social services and local councils remain on the brink of collapse.
Thanks as serious as it all is I read extra tuppence and I burst out into a laugh. Thanks.
@@legalzero1 it does feel accurate though innit. Us peasants scrounging for tuppence while the best performing companies in Europe at the moment are Louis Vutton and Hennessy.
thats one of the main burdens on government social services/ local councils who bring in contractors....
@@eelm2079 Because the Tories starved our services of cash, jobs were lost and contractors needed to be used.
And we have all those American wars to slavishly support.
Highest tax burden since 1948. 14 years of third rate Tory fiscal nonsense. How many billions of tax payers hard earned income have been grifted to their mates.
Just straight up blown on fuckin nothing I hope an investigation comes with labour and I hope they are given sentences they have bled the country dry public transport costs going up train costs are just abhorrent and completely unjustified for what we actually get at your typical train station in the uk this place under tory rule has become a toilet and until there flushed the shuts just going to get worse
27 years of Neo-Labour and Torys you mean
How about you try and understand the problem instead of resorting to conspiracy theories???
@jamesart6568 neo Labour? You what? You mean the guys that raised taxes sky high for rich people and pumped money into public services?
Or handed over to Israel and Ukraine 😅
"The rich have been suffering immensely, I'm afraid the poor will have to chip in to help them out"
The poor haven't got 1p a week to contribute to anyone. All wiped out.
How does lowering NI increase the burden on the poor?
@@gorgolyt Who do you think ends up paying for unfunded tax cuts the Tories make?
@@AndyM_323YYY It adds to the national debt, so everybody, in the future.
Why, did you think only the poor pay the national debt?
@@gorgolyt considering the poor account for 99% of the british population under this government i think its a fair assumption
End unfairness? Tell your wife to pay tax then!
They are abolishing non dom tax status were you listening??
@@inbb510 not for 2 years. why didnt they do it 14 years ago and save us 40bn?
The wags of all of them should pay double tax. Companies like Amazon should also be severely taxed. All companies that pollute should face much higher taxes than those who don't. They're not taxing the right people. The right people are the rich, anyone with capital over say £5 million should face higher taxes.
@@kanedNunable because low taxes are a way to attract foreign talent with the tradeoff of low tax returns. We are in desperate need of high skilled workers and key business sectors which Europe as a whole are weak in which are media tech, semiconductors, artificial intelligence and green technology.
Europe is the most taxed part of the world. Rich high skilled workers simply won't come if it means that they are their business will just be punished by high taxes.
Sure it is controversial no doubt but our skills gap is just going to grow if we don't have immigration at the moment. We don't have to the capacity to innovate as all the young entrepreneurs have moved to places like the USA, Canada, Australia and New Zealand where pay is higher and taxes are lower for people who want to grow their business.
Bare in mind 14 years ago, we were still recovering from the financial crisis and taxes were increasing so there wasn't any incentive to tax people more.
People in this comment section seem to care much more about the rich getting poorer than themselves getting richer.
Funny how normal people never reap the benefits of these "tax cuts" - that man and his cronies should be in prison for financial malfeasance.
100%
Should be in jail for a lot of other reasons too !
They do if you work.
@@terryj50 and earn over 26k which most dont as wages are stagnant you cant polish a turd so why try
The Labour Party never look after us, the indigenous working classes either. I intend to vote reform. I want something different
Extra £450 in my pocket due to be wiped out by rising council tax due to government underfunding local government.
If this is a win, I can’t wait to see what’s a loss.
Sorry, how much is council tax rising? £10 a month?
@@Mysterkomaand theyve frozen the income tax thresholds????? There’s the rest of the money gone
local goverment isnt underfunded its just terribly run, like everything else
You do know there’s no legal obligation to pay council tax right? Like you can challenge it and take it to trial and the council will be unable to produce a legal obligation and will keep sighting the pantomime acts about council tax that don’t hold up in equity law
Local councils are not underfunded, they are just useless, like the government
I wonder if they even comprehend how much they are hated?
Rich Little Rishi needs to go .
lol
They are truly determined to reach a national debt of £3 trillion
It's okay because they will just leave when it get bad.
It’s a election budget isn’t it they hike it straight back up if they win election lol
Maybe we should encourage Politicians to invest in lottery tickets and balance the books with the winnings…maybe even stretch those winnings to cover their salaries too…that’s the type of creative thinking that might encourage me to actually vote…it’s not right that they can gamble with public funds and then make the population pay for the losses..!😇
They're not in the least bit borhered - it's we, the working class, who'll be paying for it all, whilst the 'shirking' class (aka grifters !), keep on living the high life, at our expense !
And they will blame Labour for it later on, mark my words. Let the nation remember, the Tories are a fiscally irresponsible party, just as bad if not worse than Labour.
All of these tories should be in prison and investigated for for robbing the working and middle class and filling their and their friends pockets
Don’t worry labour will be in soon to rob working people more to pay for the ones who don’t work.
Let's start a petition! I am serious.
I hope that smirk is knocked off Chunts face at the election.
He's a landlord. Doesn't give a toast what elections will do to him
'Just gotta milk the system before I leave' - Jezza, probably
@@kumstuke Oh he's bothered all right, hence all the money his given to his constituency Conservative Party
It will be. And then we'll have an even worse lot in. We're screwed either way.
So we vote for them and come next March, £250 road tax, 25% income tax. This is like taking back a continually unfaithful girlfriend
It’s an abusive relationship. We are being manipulated
😂
@@DARKINBLADE. maybe because the right things in politics are not always the things we want to hear or pretty stuff??
The world is complicated you know...
No country today operates in a vacuum.
@@DARKINBLADE. , the problems facing the UK are not unique. They are problems in Europe too.
First of all, we had two big unexpected externalities, one being COVID and another one being the Ukraine war. That is going to cause governments to borrow a lot during the crisis reducing fiscal space in the short to medium term in its aftermath. Any politician who seriously thinks that tax rises weren't inevitable for all economic backgrounds after COVID borrowing is either not fit to be office or is just playing party politics.
Furthermore, we have a falling fertility rate and an aging population which means that the overall costs of the NHS will severely increase either way as elderly care and end of life care are some of the most resource intensive and expensive to provide. It is the elderly and retirees that use the health service the most and are the most vulnerable so a bigger proportion and absolute numbers of them with less taxpayers is going to increase tax. Therefore, if you want responsible spending and to grow the economy, there will have to be cuts made somewhere. This isn't the US where we have the world's most powerful reserve currency where we can endlessly borrow at extremely low rates. Why do you think the mini-budget crisis occured in the first place?
Furthermore, the idea that Tories are trying to privatise the NHS just doesn't hold up to scrutiny when looking the figures. In 2022-2023, the NHS budget was £180 billion compared to £141 billion in 2016. So more than £350 million pound a week has been added to the NHS since Brexit.
The UK and Europe are some of the most taxed places on the planet. Anymore hikes in taxes will just kill any innovation and entrepreneurship we have left here and our stagnation will just get worse and worse.
@@inbb510 At today's value, £141 billion in 2016 would be £184,170,000, 000 so there has been a large loss in the NHS budget.
We need to close all the loopholes on tax payments and get the proper amount owed so we can fund our infrastructure.
We dont need tax to fund infrastructure. Inflation doesn't automatically go up because you print money. It I lay does when you give out money to people and they use that money to survive. We saw that happen during covid. The US prints money ALL the time for their defense budget and yet inflation isn't that bad for them.
We could do the same for infrastructure.
What we don't have is political support. Because they only care about themselves and their rich friends. Not the country
The Tories took us out of Europe so we wouldn't have to conform to EU laws limiting tax avoidance.
how about instead we lower tax for the most well off who have more money than they can spend in 10 lifetimes?
@@gordon1201 While I do agree somewhat on printing money =/= inflation, the US is in a unique position with their currency, as it's basically the worlds reserve currency.
Tax loopholes should still be closed up, as well as shifting the tax burden towards the rich is still not a bad idea. They won't feel it as hard as normal people, and make their money off the less wealthy's labour
Or we could just stop importing Africa.
Tory spokesman, 'you don't understand, we've lowered tax if you squint hard enough and stand on one leg.... Honest.'
And with knowledgeable interviewer laughing in his face, He keeps pleading -- "Let me explain it ...."?
🤣🤣🤣
“We don’t have the money to do that, anyways here’s some tax cuts please don’t vote us out we want to keep stealing your money”
Pretty much so
“Stealing your money” is giving tax cuts thus stealing less of our money (cause taxation is theft)?
ua-cam.com/video/jIay3uL17Jg/v-deo.htmlsi=CGTqUu1m4X6LaBly
And let's allocate 1 million for a funeral for Muslims in ww2, nice priorities huh
don't forget another gazillion for Ukraine..
national insurance down.. work til you're 85
With an ageing population working for longer has to happen, dummy.
That's pretty much inevitable if we continue having low birth rates and an aging population.
That's especially the case if you don't want high immigration.
@@inbb510 we've already got high immigration just in case you hadn't noticed !
@@jamesbarbour8400 , yes...
So without them, we are going to have a lower fertility rate and less taxpayers with the same amount of retirees hence taxes are going to have to increase along with the retirement age to reduce the tax burden for the young.
The welfare state is an unsustainable Ponzi scheme without enough young taxpayers to fund it.
@@DARKINBLADE. , yes and the reason why we can't reduce the work hours is because the population has aged so much and the pool of younger people has got so small that a reduction in work hours will just hurt the economy even more as not enough tax revenue is being generated collectively.
Sure you can try and tax the extra billionaire and get a few tens of millions more in taxes but the State budget is £1.1 billion with most of that money coming from low and middle class earners as a collective.
Gen Zs not having children, whether that be due to the rise in people choosing to be childless for a stress free life or more people identifying as LGBTQ means that fertility rates will decrease even further.
Unless us Gen Zs learn to embrace the old tradition starting a family while living with parents then this problem will get worse in the long run. If we as the British population don't want more immigrants then we will have to have more children and some living with parents to do so.
£900 ain't gonna buy you a river without poop in it or a cheap, functional public transport system.
disfunctional
You would have to earn £45,000 plus to save £900 😂😂😂😂
" *UK Governemnt announces further looting* "
😂😂😂
I hope they dont even g et the chance to sit as opposition - my hatred for them is reaching unhealthy levels
Sentiment felt by millions and millions, they are never gonna win the GE it should of been called already they hanging on and it's just making them even more despised
Pathetic wasted opportunity
High taxes. Broken services. Time to go
‘A couple on £100,000 not wealthy by any means’ this man is in another world
Not healthy by his standards. That couple can't even afford their own swimming pool. Must be impoverished. Richi Rich and his wife have a combined net worth estimated at £730 Million.
So basically the rich get more again. He's making tory voters vote for them again
There a minority there gonna be wiped out and reform will most likely be the opposition, as long as the general public never vote them back in it will never happen again happy ever after for almost everyone in the country bad news for the 1% that holds 99% of the wealth but its about time they paid to repair the country they helped destroy through taxing especially these gas and oil and mega corporations that fund the party directly just to have it all given back to them through tory corruption and tax breaks
Truly a desperate move for the Tories. Too little too late.
To hear him talk anyone thought he was giving out bars of gold!
They have broken the econ bastards
There’s a word that rhymes with hunt.
Punt?
Shunt?
Do not runt otherwise you will bear the brunt
Brunt?
Grunt which is what I do every time I see his smirking face.
What helps "your employees" make more money is owners reducing their explotation of their staff. If you're taking more than 10 times your lowest paid employees' salary home, then you are the problem to this country.
Why? Different jobs receive different amount of pay because they don't have the same utility. I'm willing to bet you pay your plumber more than 10x what you pay your waiter.
@@FeathersMcGraw_ Then don't complain when no one wants to work in those jobs. Swings and roundabouts. Pay your staff or dont have staff
@@Ukipmiddleleft I'm not going to complain because plenty of people DO want to do those jobs. We have a much bigger shortage of plumbers than waiters, that's part of the reason they're paid so much more.
@FeathersMcGraw_ the Ft350 companies pay the ceo on average over 340 times more than their lowest employee. That's insane! And it's greed! It escalated greatly after 1999. I agree, people have different utility, but 340 times more value? That's a bit of a push. And I tip my waiter way more than my plummer.
@@FeathersMcGraw_Big difference between plumbers who actually have real value to society and consultants (in the NHS and elsewhere) who are not needed and very, very overpaid. Even worse when it comes to CEOs. Their salaries should be capped according to the lowest paid staff in their companies. That should incentivise them to pay their staff a good wage (if they want higher pay themselves).
I'm someone who worked all through the pandemic without any assistance from the taxpayer. Now years later, through no fault of my own, am now out of work and on UC. The UC is a disgrace and pays very little to support claimants back into work furthermore the huge tax give away to the upper middle classes is disgusting when fiscal drag is siphering millions from the lowest paid as their tax is perpetually frozen
Unfortunately it seems that both parties aren't going to treat those out of work any more kindly. The unprotected departmental cuts always fall on the out of work. I think the worst part of today's budget is that Labour are going to carry on with austerity in order to keep these tax cuts.
A lot of people worked through the pandemic and don't keep preaching about it. You're getting your "Pandemic" break now while on UC.
VVankers
Yes, complete w⚓s!
Don't hold back say what ya mean.
With the NHS in disarray in every country of the union and state pensions being best described as meagre and frugal, I fail to see the logic behind cutting national insurance contributions. The Tories are clearly still heading towards a semi or fully privatised healthcare system and cutting national insurance contributions and therefore the NHS budget works in favour of their argument for doing so. It also helps with their ever rising pension age eligibility. They also seem to think that offering tax cuts now will somehow work as a vote getter in the upcoming general election. This to me, appears to be nothing more than a cheap gimmick and yet another example of gross governance mismanagement.
France, Germany and Japan have a semi privatised healthcare and they seem to be doing fine, or if not, even better than the UK.
@@inbb510not a big ask to be honest - our NHS is def on its knees. There's way toi many 'managers' and 'deputy managers' on the NHS payroll - that's where the bulk of the money is going, much apart from the PFI initiative set up by the War Criminal, Tony Blairs' Labour Government. Essentially, the building of any new hospital now, benefits the shareholders handsomely and it's set up in such a way, that it never really gets paid off - a never ending debt, if you will - that's where a lot of NHS funding goes to also. That's precisely why the NHS can be classified as a financial black hole.
Yer again, a Labour Government f@#king things up financially - they never learn !
@@jamesbarbour8400 , the problem of the NHS is way more complex. For example, we have shortage of GPs but it isn't as simple as just taking in more high skilled immigrant doctors as General Practitioners are a very British aspect to a healthcare system and these jobs don't really exist outside Britain. Therefore this makes it extra hard to recruit and fill the skills gap.
Furthermore, we have an aging population and a lower fertility rate. End of life care and elderly care are some of the most resource intensive and most expensive operations done in the NHS. A bigger number and proportion of them in the UK population and a lower pool of younger taxpayers means that taxes will increase massively for all economic backgrounds. This is a general problem seen in Western Europe.
Furthermore, a lot of software used in the NHS is old but the bureaucracy of the public sector makes it extremely hard for the government to be incentivised to innovate as innovation involves a lot of investment and risk-taking. This in turn makes it politically challenging for any incumbent political party to make long-term plans as much of the policies with regards to NHS is mainly focused on building more hospitals and reducing waiting times. Because the political cost of failed innovation (e.g. let's say the computer scientists failing to produce an updated software and computer system during the 5 year political term) is too big and not palatable to the average voter.
There are also unexpected externalities such as COVID and the Ukraine war which has caused the government to borrow a lot and made an already tight fiscal space even more tighter. This meant that there is currently still very little fiscal space for adequate pay rises for the public sector without going into more deficit and borrowing which is bad for the long-term.
@@inbb510 I am fully aware of Japan's healthcare system as I live here. If you think it is doing fine, you are grossly misinformed. All that you end up with is a mess of bureaucracy and patients having to fork out for expensive operations only to have to apply for the bulk of what is termed as 'excessive treatment fees' to be paid back. For those on continual expensive treatment, then they are issued with a disability card and have to apply every year for 'Independence support medical expenses' which reduces the treatment for their ailment to 10% and the price paid at the hospital and stipulated (by the patient) pharmacy is capped to a certain amount according to one's overall income. It is a complicated system and there is talk of raising the amount paid by the patient even further. Japan isn't doing fine.
@@andrewjones-productions , how long did you have to wait to do a 健康診断? It isn't weeks is it unlike the UK is it. And the Japanese people as a whole are much more healthier on the whole compared to British people. You don't have doctor shortages and an obesity rate of 25%.
I agree with braverman -- cut income tax and raise the thresholds, 12,500 is absurd.
you could put it to 13,000, £500 quid. + ni cuts 900 or so. about a grand a half for people to spend and push the economy.
maybe that's too simple an idea to work, I'm no economist. I'd just "ok, 15k" and break everything. probably.
Has a worker ever benefited from a budget, i doubt it very much, if you do gain a few pence's here and there you pay out pounds in other ways, they are hoping a 100,00 people in five years will be in work, yet we have five million out of work, i think this is the final nail in the Tories coffin!
And to think he did not mention council tax going up by record amounts, I suppose it would spoil the narrative.
More cuts to social services.
What social service 😂
@@fatherprincipal exactly.
The Excuse for a Conservative party is Finished 😷
Long live the excuse for a Labour -party!!
@@Nick-kb6jdof course, Islamic UK then it is 😱
Nice to see people not fooled into thinking they will be any better off!
How are the government going to make you better off? What happened to you making yourself better off?
@@merlin7766 think u missed my point , years ago people would think this is something worth voting for
@@XyZCwP If I did then please accept my apologies 🙂
Great budget, for people earning 50k - 60k.
Except it's not. Because the country is falling down around our ears and the cost of childcare is crippling.
I want them to tax me more and fix our country. Im under no illusions that I am lucky to earn more. But we are all suffering cos of these guys and their embezzlement, lies and outdated economics
This will do nothing for me and my family
@@avisian8063, people want to be like Sweden and Denmark but don't want to pay the high taxes in order to do so.
Many Brits think we can achieve the standard of living that Scandinavian people have but without paying high taxes and investing in a sovereign wealth fund through oil.
We want fruit but don't want the responsibility to get that fruit in first place. Multiply that by a few million people and you get the situation we have now.
@@inbb510 Lol? The top 1% owns 40% of the wealth in the country. We do not have to tax the working or middle class more. We need to take 75% of the income of people making millions a year-that’ll provide more wealth than increasing the taxes on the other 60% of the wealth by a few percentage points.
France tried to do 75% tax and so many rich threatened to leave they cancelled. There is a balance to be made, it is shown that lower taxes increase amount of people who pay tax but you obviously get less tax per person. Higher tax you get more but less people pay tax as they avoid it.
It isn't a simple problem, unfortunately the wealthy do have the ability to make and change where their money is made.
@@cup1966wow If the rich leave the country, then someone else can take their place. The UK is a massive economy where there is a lot of wealth to be made. If they want to take their businesses elsewhere, then they’ll be missing out on the potential profits to be made in Britain. The idea that these companies will just leave is bogus. They’ll stay because keeping 25% of £100,000,000 per year is better than making £0 profit.
Why not just scrap VAT or the sales tax as it should be named or increase VAt and scrap income tax
If you add income tax vat fuel c duty tv licence council tax etc we must be paying 65-70 p in the pound
if you put everything on VAT that just crucifies low earners and helps the rich.
"Hoping to remover NI altogether" - which actually means "we're binning all NHS services, you'll have to pay for healthcare and I'll get a few extra votes now"
PETITION TO HAVE THE POLICE INVESTIGATE THE TORY LEADERSHIP FOR STEALING FROM THE TAXPAYER - 100,000 signatures needed.
Tax cut in favour of rich and destroyed ordinary peoples
No change there then......
Tax is certain. Where tax goes is not. This has to change.
Do this government think we are completely stupid we don’t want 2p of tax we want our roads restored and NHS funded correctly we social services right etc etc
tax the fucking rich! why is there so many millionaires living in the same country as people who are starving! this system is fucking broken!!!!!
Because the problem isn't that simple.
Many people in London having wealth over £1 million but that's because things are much more expensive in London. They have really high mortgages too.
Also, successful companies have many buildings so if you add the assets up, they can easily reach hundreds of millions.
If you tax companies too much, you pretty much stifle innovation within the country cos why innovate when you try to grow you just get slapped with a fat 70% wealth tax.
Do you realise why Europe is stagnating and America is booming?
Furthermore, we have low fertility with an aging population so arbitrarily taxing the rich is just kicking the can down the road until we will have to raise taxes again to make up for the shortfall in workers. By the time that happens a country will become so unattractive and uncompetitive to do business they leave which means lower investment within the country, and the country gets poorer in the long term.
If taxing rich people gets more poor people to work then you may have a point, but if it just means extending the lifespan of an unsustainable welfare system as it currently stands then you are literally just burning successful people's cash and no-one wins.
@@inbb510 Then if it is as you say 'levelling up' has clearly failed
@@inbb510 Taxes don't stifle innovations. Giant companies stifle innovation.
@@DARKINBLADE. , well they are certainly not stagnating for sure. Also the wealth gap in America is smaller than the wealth gap within the EU (try comparing Finland against countries like Bulgaria and Southern Italy).
@@inbb510 you make a squeeze at the top sounds catastrophic but the squeeze on the bottom is almost at breaking point. Only the unethical wealthy who already dodge taxes, or the unethical parasitical companies will leave and the world's smallest violin will be played. If their success comes at the cost of everyone else absolutely being squeezed out of a basic dignified living then no one cares. Right now the government and the majority of the population are suffering so that a few at the top can enjoy ridiculous levels of wealth transfer. It's not sustainable. It's not only destroying lives, futures of the next generation but our planet.
Why do we even vote when nothing changes . Need a universal decision making so everyone can vote on decisions instead of one gimp in charge who only want to strengthen political party and not the country .❤
I can't help but see him as Mr Bean with that smile.
Poor bean 🧐
@@DARKINBLADE. 🤣🤣🤣🤣👋
@@DARKINBLADE. I'm sorry 😂
I dont have money to pay my bills, either way
How can implementing the scrapping of a tax be done wrong by Labour, but somehow done right otherwise?
Cut it to finish off the NHS
As always they give with one hand and take with the other. Lying by omission comes naturally to governments.
Why not put the income tax threshold up? Ah, now I know why, got to get the pension rise back from the pensioners. How does this 2% NI affect part time workers again??
They will quadruple the price of everything else to overcompensate for these minor cuts. We aren’t stupid
Am i the only one who thinks national insurance is the only tax that I'm glad i pay? Or am i being an idiot (national insurance funds the NHS right?) Please dont attack me. I'm just stoned.
Its idiotic in a sense that our tax goes towards services the government makes worse and worse. It would be nice if our money was actually well spent to the benefit of everyone. Yet social services are just being constantly degraded.
@@josome7451 I agree and taking away or reducing national insurance will just bleed the NHS quicker allowing for the NEED for health care privatisation. Or again, have I confused my taxes? 🤣
@@BrazenBull91 National Insurance does go towards the NHS, yes. But the NHS's main problem (despite what the Tories will tell you) is not a lack of funding, it's a failure of management. The Tories like to peddle the idea that more money will fix it as an excuse to fiddle with the numbers. But really, the problem is that the Tories have privatised parts of the NHS (like the IT systems) by outsourcing them to their friends from Oxford, giving government contracts away to companies that they have shares in. They're trying to run a public service like a private business, and that is never going to work, because the NHS isn't supposed to pay out, it's supposed to help people.
@@BrazenBull91This used to be true. All tax just goes to one big pot now. Road tax doesn't go to the road, all goes together.
Yes, they have dropped taxes very slightly, for people earning over £50k. I don't even know anyone who earns that much!
My dad
Why does the Chancellor smiling look like Mr. Bean? Probably do a better job 😂
Anybody else smell the smoke and saw the mirrors in this completely bonkers interview? I'm feeling high on the lack of fumes, not! 😕
One million for a memorial for Muslims who fought in the war, I don’t see that being a vote winner 😂
Memorials are built with love and materials, money if needed be
High food prices is a tax to us and the poorest
Introduce marginal taxation for corporations. Corporation tax is a flat 20%. If revenue increases beyond idk, 100k, increase that amount to 30%! Corporations already get a ton of tax relief from expenses. People literally use companies as tax shelters!
And then people like you still wonder why Europe is lagging behind innovation, semiconductors, technology and AI compared to USA and China.
Punish innovation and a country will stagnate making the country less competitive and therefore poorer in the long run. When will people realise that doing the same old tricks isn't going to yield different results???
Corporations and individuals should be taxed at a maximum of 10%. State funded propaganda for the last 60 years has got everyone begging for more taxes. It's total insanity.
@@pneron2032Corporations should be taxed far more then 10%.
@@pneron2032 Yeah, because I’m sure the people who run the state (the rich) are just desperate for higher taxes 🙄 they’re the ones funding the “libertarian” ideologues. The Spanish Monarchy spent a THIRD of its income last year funding “libertarian think tanks.” That should tell you something
It's 19 to 25%, it goes to 25% above £250k. The solution isn't to punish small business, which £250k still is. You should be encouraging smaller companies they are what drive growth.
It is really isn't that comfortable for small companies at the moment.
Highest tax burden since 1948. Channel Four, tell the truth.
Our economy is shrinking, and we have public services on their knees. Worst government ever.
11:15 "Let me be clear" the played out precursor to political porkies
Get them out of no. 10.
£450 a year is £37 per month. Peanuts.
No mention of the monument to Muslims that fought in WW2, strange that, when there were many different religions, faiths, races fighting with Britain, yet somehow Hunt thinks only Muslims deserve a separate monument when everyone else has a shared headstone, why the segregation now ?
They are hoping for some Muslim votes, when in fact they will lose thousands more from UK citizens!
Closing down sale- everything must go!
It means sweet F.A to the normal working person...
You lot are out this time... see ya 👋
Yeah and labour's gonna be soooo much better😂
@@HeuhegeygeygeheuI’ll take my chances given the absolutely mess that they’ve put us in.
@@user-rz4rw7tk9u They're all mates behind closed doors. They're laughing at us.
@@Heuhegeygeygeheu I highly doubt Corbyn is mates with Johnson.
I know they’re all snides but I’d still rather the lesser of two evils.
This cut is not for the poor if it was they would increase the personal allowance
Is this a way out of paying our pensions . Since we abolished national insurance the state pension will be cancelled
Very good point - I was wondering the exact same thing !
you know that if you make more than 37,700 you would be taxed at 40% . so all of the wage increases that they agreed to last year has been wiped out just to this new PAYE threshold
What a shameful statement
Absolutely obscene claiming a couple earning 95k are not wealthy.
When I was in UK. I saw empty boarded up streets under a constant grey sky, litter everywhere.
Homeless people sleeping in doorways. A women with cat whiskers makeup casually walking into Tesco with her pajamas. Opioid addicts out of their mind and women so drunk they urinated on the streets.
It's a sad declined country.
Labour saying there will be more money seems very hollow.
It should be tv license that should goto NHS instead of BBC.
From the 2% NI cut you'll get, for each £10k above £12,570, about £200/yr, (£4/week), but from the total 4% since November 2023 & the freezing of Income Tax thresholds
If you're earning
. less than £12,570/yr you get NOTHING at all
. £12.5k - £26k you will be worse off because of frozen Income Tax thresholds, (fiscal drag)
. £26k - £60k better off
. Above £60k marginally worse off
Self-employed class 4 NI contributions to drop from 9% to 6% in April 2024
Of course your Council Tax increases are likely to take all that & for substantially reduced services because the Tories have cut central funding for Statutory Services like adult & child social care 😡
Raising the debt every year again, are we Britain? You never learn.
Thanks for posting
Ugh I wish Jezuz would come back and take his lunatics with him and leave us in peace so we can hear this fricken interview 🙏🏼
Terrible Idea!..this country needs investing in roads, water, sewage, housing, electric...I could go on!...next they'll be saying we all don't need to pay any tax ever again!....that means...NO NHS, (private healthcare), private rubbish collection..private everything????...no control on prices of anything??..then the private companies will increase prices through the roof!...(Look at train prices).....and these so called politicians are laughing all the way to the bank..😮
These 2 'main' parties need a wake up call...
£900 per year WOW
And everything going up £1000 extra per month
The 900 pounds a year is paying for other things going up,we never win.
Childcare system is a joke in UK. Why they cannot do the same as it is in Austria or Germany? People there do not pay that much more in taxes and still they can count on full funded childcare by government. That would help lots of people to work more or even go to work at all.
Why collect taxes when you can just print money..?
Every time you print you devalue that currency and increase inflation
Taxes pay the interest on the national debt and essentially is a tool to reduce inflation. If you cut taxes to 0 and keep printing money inflation would be out of control.
USA 30 trillion in debt. Keeps printing. Who cares xD Gov giving people illusion that all the money comes from taxes..
Funny comments. USA 30 trillion in debt. Keeps printing money. Only collecting taxes to give people an illusion that gov needs you and your money.
They print it of for war they can print money anytime no one should be paying any tax .It’s for the elites to get more money and make us all poor .
Window tax. Absolutely disgusting.
Breathing tax soon
still going to be poor this goverment need changing
I just think this country is going down the pan through greed. The crime and everything else is also going to increase and people are that thick they think owh this a great budget for my own pocket.
How're these tax cuts being paid for, especially in the face of the UKs spiralling debts? Even deeper cuts to our services, perhaps? Because listening to London's trains scrape along unmaintained tracks is such a delight.
Have they considered maybe taxing those who can afford it? Like those with more than 10 million to their names? Massive corporations who get tax refunds in the millions?
Londons had enough
An extra £250 quid for a normal worker up north?? Thanks Rishi!
Again so the poor suffer but there’s money for the war but as usual no money for the poor sick of these people now
How putin putting in your wallet?
Educate yourself in geopolitics
End the unfairness… as a wise man once said “it’s time to go”
What an absolute joke.
nah Krishnan COOKED Bim Afolabi oh my days 😭
Just no ...enough is enough .All you do is look after yourselves and your own interests.
Just put VAT back to 17.5% or less.
So the people who do the work and only get paid nmw get taxed hike but those earning 24k + get a tax cut what joke
yes the tax threshold should be set at £20,000
Why is he, and the media, referring to a 2p cut in National Insurance? Surely it's a 2% cut??!! If NI was £1.00 a 2% cut would be 2p, but it isn't. I just don't get it - am I missing something??
well Rishi fk me sideways - a whole £250 quid extra a year, I can retire now with that - PLEASE SIR CAN I HAVE SOME MORE! What a pathetic offering and such a huge handout to the rich.
Tory = let me be clear
Actual meaning = let me BS you some more
5 star Hotels for immigrants ain't Cheap .WHY whats the Bigger Plan UK .Gov ??????