Everytime the government increase the financial burden on business the media say that companies will have to "absorb" some of it. Just how much do they think they can absorb? They don't absorb any of it. It all ends up in the price of the product, which is partly why everything is so expensive, and why so many find day-to-day living such a struggle. And yet they will still champion extra costs on the businesses supplying them with the things they need, thinking that the money is taken from shareholder funds. It most certainly is not.
The most important aspect of taxation is who is paying it, why is this never reported? This budget appears to place the burden more on those who can afford it.
I agree, I watched the entire budget, I couldn't place fault with anything aside from maybe the thresholds for NI employer contributions. I thought it was a well explained well thought out budget, of course Tory client media will bank on the fact that the average person isn't going to watch the whole thing, much of sunaks response to the budget was actually debunked within the budget statement, and they totally forget that the obr is releasing their report tomorrow and covering all of sunaks nonsense. He also forgets that hunt tried to block the report altogether claiming political shenanigans, it was meant to be released directly after the budget, but it's been moved to tomorrow instead
It may help if media presenters had to declare their personal tax interest before they pose as unbiased arbiters. Rigby looked like she'd been literally slapped.
@@Mattarm2720 Let's hope the public will see through the misrepresentations in the press, and see this budget for what it was - a good first step towards recovery.
@@Mattarm2720 Headlines are tonight in TV, and tomorrow morning in print. By 11am tomorrow, enough people will have 'seen' the budget to not bother looking again and the OBR report can be buried.
The workers/consumers will be the ones paying it in my opinion. Companies may be forced to offer less pay rise and/or increase cost of products and services. If UK businesses have to find £20b in their cost of doing business, then they will have to review their margin requirements in line with ROCE.
I've worked my socks off for 40+ years of my working life. I've never employed anyone and I've never required capital. But I've lived frugally and saved/invested hard. Me and my small one-man limited company are going to be hammered. So much for being responsible and saving for my retirement.... [same with my health: I've eaten healthily and kept fit - but, I know my medical 'needs' as far as the NHS is concerned, are less than the obese drinkers/smokers ahead of me in the queue...].
lol what? Labour are the party for multinationals. They much prefer everyone working for big corporations instead of starting their own business or finding their own path.
Need to take into account the black hole in the budget at the end. Comparing the March OBR figures is disingenious as they said their figures would have been materially different if given the full information
I agree this was really irresponsible analysis... I'm all for giving the government a hard time but outright misrepresenting data to put them in a bad light is wrong.
So good of them to place an extra big burden on many businesses that are still recovering from covid, rising interest on Covid loans, 2 times increases in wage costs in the last two years and now further wage costs and ni costs to employers. Where has any incentive gone to take a risk and start your own business or even try to maintain one. Might as well just work for the government which it seems we are effectively going to be doing from now on in. Hardly going for growth in my opinion. This and the previous governments incompetence and level of waste is a disgrace.
People shouldn’t be starting businesses though that’s part of the point. Like it or not we are a nation of workers. It’s wrong that people in the right place, time or with the privilege to have start up funds can earn so much more than the rest of us and not contribute more.
@@ArcadeStunfisk It is...we can't afford this borrowing. Put into perspective...we are now paying MORE in interest...EVERY YEAR...on the borrowing than we do for our schools.
Tax and borrowing to increase enormously to the highest ever level in order 'to drive growth' - and the growth forecast is actually downgraded significantly as a result. Genius. Great job. Not
Taxing the super-rich will also mean they will just up sticks and leave the country. Why not stop illegal immigration, and all the spend that goes with it? Seriously.
But remember that 1993 was a crisis budget? So is this. The Tories have been frittering away money to multinationals and desperately hoping they would get voted out so they could try to put the blame on Labour. The Tories plans are pointless to compare to - no-one seriously believes that had they got in, they would have actually done that. They knew they were losing, so they could promise what they wanted. Had they given a serious (and honest) manifesto economically, it would have looked dramatically different.
@@nurby1824 Everyone I know who bought a council house are very pleased and it changed their lives. Fair comment to say that they should have built more to replace. No leader is perfect its mostly far from it, Pole was unfair and her greatest screw up. How ever, we could do with her now rather than the elite spineless cretins both sides of the spectrum now have.
"Just look at how much higher that line is and that may not look like an enormous difference between those two lines, but believe me it is". Proceeds to look at line and its 1% More at most. Sick of main stream media, nothing but click bait and propaganda peddling.
@@ANH-1977or we could temporarily reduce the absurd expenses that weve been engaging in like giving billions in foreign aid or tens of billions in carbon capture and green energy plans
@@ANH-1977 then we enforce border control to stop illegal immigration and increase the requirements for for legal immigration to slow that aswell. There was a time when we were only taking in 40 thousand people a year, we can go back to that if we wanted to
A more material criticism of the tax burden is that from the 40s to the late 70s, marginal tax rates were 90% or near that. It made no sense for investors to take money out of their companies, they just reinvested profits into them so the businesses would expand. Achieving the same tax burden while the top 1% pays relatively nothing is obscene.
@@SillySatire Right, and now ask yourself what percentage of the income they get. The reason they pay more than they used to in recent times is that their share of income has increased disproportionately. Even getting them to pay the same average rate as the people working for them will require far more drastic measures, to include the other sources of income they have (i.e. other than working).
Yes - how on earth do they expect that to play out; how is that going to encourage growth, there might be a short term gain, but then all the affects will be negative. They don't know what they are doing.
With regard to secondary Class 1, Class 1A or Class 1B National Insurance contributions, the amounts paid are part of the employment-remuneration costs for the employer that are deductible as an expense in computing the taxable profits or losses of the employer's trade, profession or vocation. So in other words, the national insurance contributions that an employer pays its tax deductible,as it is classed as a business expense! so when a business works out the profit for a tax bill, they look at business expenditures, which can be deducted from the tax bill. Guess what national insurance contributions falls into this category for a business.
It's funny how no one ever mentions Brexit anymore.. Look at how bad the UK economy was in the 70s before UK joined EU.. and now we are back to the same economy levels of 70s.. every other country moves forward in time.. we somehow went back 🤔🤔
Unintended consequences: more borrowing for DEI social programmes = lower future growth (including lower efficiencies) --> lower future tax receipts --> more borrowing. Rinse. Repeat....
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with. The Tories and Brexshit is the disgrace.
Yeah bring Johnson back.. he wasn't done screwing UK.. bring him back to finish his screwing process.. In Johnson's three word manifesto for UK and its economy - Bend It, Screw It, Brexit
This budget is intending to bring in money, but in the long term. By investing in public services (via increased taxation) it creates jobs and encourages investment from both in and out of the UK, helping the economy. There is no budget which could have simply grown money and solved the issues we are experiencing in the UK without any suffering, there is no easy fix!
And what do we get for this? MORE UNION POWER. MORE STATE CONTROL. LESS WEALTH IN OUR POCKETS. LESS INDIVIDUAL FREEDOMS. LESS INVESTMENT. LESS ENTREPRENEURS INVESTING. LESS FOREIGN INVESTMENT. This woman is terrible for the uk. Time to protect our wealth.
We have low productivity, skills shortages, low unemployment, £3tn national debt. Tax has to be raised. Where it comes from (and where it’s spent) is the issue. Just saying that tax overall will increase, with no nuance or context, is just propaganda.The question is, will it hit the most or least able to carry the burden.
look at what the Conservative party have done to the NHS ! How they’ve been trying to dismantle it and underfund it, so it’s not fit for purpose. I personally would rather pay higher taxes and have an NHS that works. What did the Conservative party do? They would use the national insurance what is the national insurance for? It’s for the NHS. Most people would agree that they would prefer to pay slightly more national insurance and have a fully working NHS then losing it. Austerity has been proven to be a false economy. It literally had a mistake on a spreadsheet that said it would work when, in fact, when the figures were done correctly said it was detrimental to an economy ! which has been proven.
I get the impression that the Government plans to borrow more - so higher interest repayments, tax businesses more - so they have lower profits for investment in new plant, kit, equipment, systems and spend more on day to day operating costs. No wonder the OBR says this budget will boost short term rather than long term growth. The presenter needed a chart of international growth comparisons. We are amongst lowest growing economies post Covid. Brexit effect?
I think it goes to show how both parties are just two different sides of the same coin, we're so vitriolic over 2% increases here and there, realistically nothing changes. They just dangle the carrot lol.
Unemployment and inflation are going to soar.
Everytime the government increase the financial burden on business the media say that companies will have to "absorb" some of it. Just how much do they think they can absorb? They don't absorb any of it. It all ends up in the price of the product, which is partly why everything is so expensive, and why so many find day-to-day living such a struggle. And yet they will still champion extra costs on the businesses supplying them with the things they need, thinking that the money is taken from shareholder funds. It most certainly is not.
Every time? The burden has been on the people for how long now? Businesses need to pay up
@@MrIDFWUbusinesses won’t pay a penny extra, it’ll trickle down to the consumer and employees in a flash.. because the businesses can make it happen
So to summarize- much higher taxes, higher government borrowing, somewhat higher investment but still lower growth? 😢😮
Those hotel bills must be overdue.
So is your dole money
Migrants hotels cost 8million a day. Which is billions annually.
@@lynxo5695 the Tories are to blame for immigrants in hotels, Labour are actually processing asylum claims meaning the hotels are emptying
@@anatolydyatlov5196yeah giving them residency, which no one wants!
3bn a year on housing boat arrivals. 3bn on Ukraine every year....until as long as it takes.
The most important aspect of taxation is who is paying it, why is this never reported? This budget appears to place the burden more on those who can afford it.
I agree, I watched the entire budget, I couldn't place fault with anything aside from maybe the thresholds for NI employer contributions. I thought it was a well explained well thought out budget, of course Tory client media will bank on the fact that the average person isn't going to watch the whole thing, much of sunaks response to the budget was actually debunked within the budget statement, and they totally forget that the obr is releasing their report tomorrow and covering all of sunaks nonsense. He also forgets that hunt tried to block the report altogether claiming political shenanigans, it was meant to be released directly after the budget, but it's been moved to tomorrow instead
It may help if media presenters had to declare their personal tax interest before they pose as unbiased arbiters. Rigby looked like she'd been literally slapped.
@@Mattarm2720 Let's hope the public will see through the misrepresentations in the press, and see this budget for what it was - a good first step towards recovery.
@@Mattarm2720 Headlines are tonight in TV, and tomorrow morning in print. By 11am tomorrow, enough people will have 'seen' the budget to not bother looking again and the OBR report can be buried.
The workers/consumers will be the ones paying it in my opinion. Companies may be forced to offer less pay rise and/or increase cost of products and services. If UK businesses have to find £20b in their cost of doing business, then they will have to review their margin requirements in line with ROCE.
The UK is a sinking ship.
They don't want to compete with American companies like Intel, Twitter, Apple, Boeing and as a result the country becomes poorer.
But the brits told me “Brittania rules the waves” 😂😂😂
@@suntzu94 How's the weather in Moscow?
@@dancoy09 Economically better than the UK
It already has ! It's a submarine.
Seems like most of the taxation was placed on multinationals companies and billionaires.
Nonsense. It's all gone on small private business.
I've worked my socks off for 40+ years of my working life. I've never employed anyone and I've never required capital. But I've lived frugally and saved/invested hard. Me and my small one-man limited company are going to be hammered. So much for being responsible and saving for my retirement.... [same with my health: I've eaten healthily and kept fit - but, I know my medical 'needs' as far as the NHS is concerned, are less than the obese drinkers/smokers ahead of me in the queue...].
lol what? Labour are the party for multinationals. They much prefer everyone working for big corporations instead of starting their own business or finding their own path.
If it has, wave goodbye to multinationals companies and billionaires, and say hello to higher prices and mass unemployment.
@@jivebunny3765not true, small businesses are actually better off with this budget, they don’t have to pay ANY NI for their staff
I bet they could raise £B's on taxing all the gifts/bribes MP's get 😂😂😂😂😂
just claw back tory corruption and it would raise billions
it just about covers the 37 billion spent on track & trace
We all know, this is not a budget for Growth! It's a disaster for the UK! Labour, need to go!
We gave the conservatives a 14 year chance let’s relax and watch
This is clearly the worst budget in a century.
Don't talk stupid
Need to take into account the black hole in the budget at the end. Comparing the March OBR figures is disingenious as they said their figures would have been materially different if given the full information
The “black hole” is what they want to pay themselves they are self serving, arrogant thieves
Absolutely. Not clear at all that this has been accounted for. Ergo, the comparison is unlikely to be valid
So, what are those lines hidden from OBR? Compensation? We look forward to seeing what OBR did not know in March that now known?
I agree this was really irresponsible analysis... I'm all for giving the government a hard time but outright misrepresenting data to put them in a bad light is wrong.
Lies beget lies
We all knew after furlough our taxes in the future would increase. It's just happened a lot sooner than most were ready for.
Hopefully they do go after people who fiddled it, like she said.
should slash spending
If it were to pay for furlough you'd see taxes increase and borrowing come down; borrowing is actually increasing a lot too though.
@@PJH13 yep. Never balanced the books in 20 years. The government keep making a crisis to borrow more.
Tax and spend, we all knew it, a leopard never changes its spots
So good of them to place an extra big burden on many businesses that are still recovering from covid, rising interest on Covid loans, 2 times increases in wage costs in the last two years and now further wage costs and ni costs to employers. Where has any incentive gone to take a risk and start your own business or even try to maintain one. Might as well just work for the government which it seems we are effectively going to be doing from now on in. Hardly going for growth in my opinion. This and the previous governments incompetence and level of waste is a disgrace.
People shouldn’t be starting businesses though that’s part of the point. Like it or not we are a nation of workers. It’s wrong that people in the right place, time or with the privilege to have start up funds can earn so much more than the rest of us and not contribute more.
@ so if people weren’t starting or operating businesses who employs everyone?
4:08 In short, say hello to the Four Horses of the Apocalypse: fiscal deficit, money printing, devaluation and inflation.
not really any other option after 14 years of sell offs
All I see is us working class suffering even more, money taken from our hard work to be used for their gain and not ours.
Big taxes and big borrowing. Labour will destroy the economy as always. 😮
Can’t be any worse than the Tories have destroyed it over the past 14 years
@@ArcadeStunfisk It is...we can't afford this borrowing. Put into perspective...we are now paying MORE in interest...EVERY YEAR...on the borrowing than we do for our schools.
@@ArcadeStunfisk But I understand from the manifesto that Labour had a plan?
@@dovetonsturdee7033 Yes...but it wasn't a cunning one!!!
Growth in 2026 was Never going to be 2.2% a 10 year old could see that.
Indeed fiddled number orginally by the tories ofc
@spacetime3 So.
Tax and borrowing to increase enormously to the highest ever level in order 'to drive growth' - and the growth forecast is actually downgraded significantly as a result. Genius. Great job. Not
Taxing the super-rich will also mean they will just up sticks and leave the country. Why not stop illegal immigration, and all the spend that goes with it? Seriously.
Sounds too much like common sense to me.
Their assets won’t leave they’re not magicians
Didn’t effect the migrants in any way what so ever
DEFORM types obsessed with migrants- what the feck does this have to do with that?
Free workforce 🎉
How do the cavemen always shoehorn migration into every topic. If only they applied that determination into improving communities. 😂
Staying in free accommodation is a job now 😂
Probably the most knobby comment thus far
Where is all the money coming from if the country owes so much already
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with.
Fed mate. keep printing the money= Inflation
More debt
100% transfer of money from private business to the state.
@@HS-sr9ww Unsuprisingly Mr Bot, the UK does not have a 'Fed' - we are not a federation.
Let the banks build cheap houses And rent them out to everyone
Banks are only in it for the money. If it wasn't for the law, the banks would charge 75% interest on late and missed payments. Loan sharks 🦈
2:25 The words public sector and investment don't really compute!😂😅
But remember that 1993 was a crisis budget? So is this.
The Tories have been frittering away money to multinationals and desperately hoping they would get voted out so they could try to put the blame on Labour.
The Tories plans are pointless to compare to - no-one seriously believes that had they got in, they would have actually done that. They knew they were losing, so they could promise what they wanted. Had they given a serious (and honest) manifesto economically, it would have looked dramatically different.
i breath out CO2 ,
the next green tax
Hysteria
I don't like Sky, but they have some mathematically literate people who are great with graphs.
Great with gaffs too.
Besides promising NOT to raise taxes, the increase for the NHS was conditional on reform.
This has been dropped and the media has simply not noticed.
Sure this will be unpopular, but it has to be done.
OH look, when Thatcher was in power the burden was at record lows
Maybe it was all the money from flogging our public services and council homes?
And opportunities for young people leaving school was non existent. Typical Tory comment.
It would be she sold everything off and tried to implement the poll tax after screwing eveybody over and we all know how that ended for her.
@@nurby1824 Everyone I know who bought a council house are very pleased and it changed their lives.
Fair comment to say that they should have built more to replace.
No leader is perfect its mostly far from it, Pole was unfair and her greatest screw up.
How ever, we could do with her now rather than the elite spineless cretins both sides of the spectrum now have.
"Just look at how much higher that line is and that may not look like an enormous difference between those two lines, but believe me it is". Proceeds to look at line and its 1% More at most. Sick of main stream media, nothing but click bait and propaganda peddling.
1% of a nations GDP is a lot of money 😂
@@oipoip3exactly, some ppl really need to study a financial course 🤣
bro doesnt know what GDP is
The road to serfdom.
Tax them rich! Love it and look at the Russian bots here trying to downplay everything
Yeah instead they're just taxing small businesses
@@leonmorris7862 make sure to really look at the budget. Research pls!
WEF - tax and control the people - Starmer loves WEF over The Commons - wake up - we are the people this affects
I think the main question is how does this affect the price of Freddos 😂 thats a real deal breaker
Should rename the Labour Party the Pinnochio Party.
pinnochio is hunts avatar
They didn't lie about anything though
A lot of extra the taxation is for long term public capital projects.
We need to keep learning the same thing over and over.
Increases taxes and increasing spending leads to disaster...always.
Good. The big companies need to pay up more 🎉
We've got £3 trillion debt and they want to borrow more?
@@ANH-1977or we could temporarily reduce the absurd expenses that weve been engaging in like giving billions in foreign aid or tens of billions in carbon capture and green energy plans
@ANH-1977 who are they? Can someone define?
@@ANH-1977 then we enforce border control to stop illegal immigration and increase the requirements for for legal immigration to slow that aswell. There was a time when we were only taking in 40 thousand people a year, we can go back to that if we wanted to
@@Peter-xx6tz Who's going to tell him that brexit happened!
3 trillion debt caused by corrupt tory mismanagement
Out of the frying pan, straight into the fire.
A more material criticism of the tax burden is that from the 40s to the late 70s, marginal tax rates were 90% or near that. It made no sense for investors to take money out of their companies, they just reinvested profits into them so the businesses would expand. Achieving the same tax burden while the top 1% pays relatively nothing is obscene.
I think not. The top 1% pays 30% of all income tax.
@@SillySatire Right, and now ask yourself what percentage of the income they get.
The reason they pay more than they used to in recent times is that their share of income has increased disproportionately.
Even getting them to pay the same average rate as the people working for them will require far more drastic measures, to include the other sources of income they have (i.e. other than working).
IncreasingNI contributions for Business, will come back to bite employees,in the form of Less increasing wages going forward,bad move👎👎
Or less employees who are expected to do all the job roles.
Mate they haven't increased out wages for time unless forced anyway. Employees very rare increase wages without force
Yes - how on earth do they expect that to play out; how is that going to encourage growth, there might be a short term gain, but then all the affects will be negative. They don't know what they are doing.
They don't raise wages anyway!!
Maybe some people shouldn’t be in business to begin with if they can’t pay their employees a decent wage….
With regard to secondary Class 1, Class 1A or Class 1B National Insurance contributions, the amounts paid are part of the employment-remuneration costs for the employer that are deductible as an expense in computing the taxable profits or losses of the employer's trade, profession or vocation. So in other words, the national insurance contributions that an employer pays its tax deductible,as it is classed as a business expense! so when a business works out the profit for a tax bill, they look at business expenditures, which can be deducted from the tax bill. Guess what national insurance contributions falls into this category for a business.
Same old Labour, eventually they will run out of other peoples money!
Who is paying this tax burden is most important. Great budget.
but this will lower wages and negatively impact the employment rate - both terrible for growth which is ultimately our best way out this hole
UK is toast😂
It's funny how no one ever mentions Brexit anymore.. Look at how bad the UK economy was in the 70s before UK joined EU.. and now we are back to the same economy levels of 70s.. every other country moves forward in time.. we somehow went back 🤔🤔
London's about to get a whole lot richer and the rest of us are about to get a whole lot poorer, gunna be some fun times ahead.
Unintended consequences: more borrowing for DEI social programmes = lower future growth (including lower efficiencies) --> lower future tax receipts --> more borrowing. Rinse. Repeat....
Eliminate ILLEGAl entry to this country might save a couple of quid
They said it's a budget not to spook the markets, so why has the Euro gone down
increase taxes on working people to put more economic migrants up in social housing
Lazy comment. Go get a better job.
15 billion a year in foreign aid, charity begins at home.....
And this is only the first budget
Ultimately Ai and US corporates are going to decimate UK economy over the next 10 years. So not sure any of this will help.
How about they stop funding the war in Ukraine and give to people in need in the UK that are starving
GET STARMER OUT, LABOUR ARE A DISGRACE
Move to Moscow
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with. The Tories and Brexshit is the disgrace.
Yeah bring Johnson back.. he wasn't done screwing UK.. bring him back to finish his screwing process.. In Johnson's three word manifesto for UK and its economy - Bend It, Screw It, Brexit
So why did everyone vote for this change? Rishi became lamb going to the slaughter!
@krishnagondhea7428 the Tories lied about the train wreck they made of the UK
This is just a recirculation of our money budget. She is spending more of our money by taxing us more rather than a budget to create and grow money.
This budget is intending to bring in money, but in the long term. By investing in public services (via increased taxation) it creates jobs and encourages investment from both in and out of the UK, helping the economy. There is no budget which could have simply grown money and solved the issues we are experiencing in the UK without any suffering, there is no easy fix!
UK ready to bring back the Window Tax 🤦♂️
glad i left uk, tax is out of control
Great charts, thks.
Problem, a dangerously indebted country, the Labour party's answer, more grossly irresponsible borrowing. The future is bleak indeed.
Borrowing from their puppet masters like they all do
I'm sure that i will survive the tax exemptions on private schools and private jets
How does raising taxes encourage growth?
Good budget. Actual spending on the economy and developing the country.
Paying for hotels that's all we're doing
@@Dan-ze4qz Don't forget the attack submarines.
Great budget? - The forecast is now projecting lower growth as a consequence of the increased taxes.
Yep. Although joining Single Market would benefit everyone.
This is exactly what the Tory's failed to do. They were to busy looking after their friends, and robbing the poor.
That government borrowing chart is scary... Reform will have a right mess to clear up come 2029.
a bit harsh these taxes m'lord
All this government does is increase tax tax and tax, regulate regulate and regulate. So un-innovative!!
Raising taxes for those who CAN easily pay higher taxes.
Is this budget some kind of revenge attack against people who have physical components to their job?
Putting a negative spell of course, the things will look terrible
But actually, I think that a budget for the future and will help a lot in long-term
But the taxes are raised only for businesses and very wealthy selling assets
If this guy was thirsty and was given a clean cup of water, he'd complain about the smudge of the fingerprint of the person that gave him the cup lol
Are we any nearer to a proper definition of a Working Person from Labour after this?
A great budget for us working people.
Really?
Fish and chips was less than 2 bob in 1940s compare that to today of a tenner.... Tony cuenca
We are going to be poor under Labour than under the previous government. I’m a Labour voter I can’t believe I said that.
Next: taxes inevitably put up inflation. Interest rates up, people losing homes. More NHS £managers doesn't make me happy.
three years ago benson was 9.5
now it is 14
lol
And what do we get for this?
MORE UNION POWER. MORE STATE CONTROL. LESS WEALTH IN OUR POCKETS. LESS INDIVIDUAL FREEDOMS. LESS INVESTMENT. LESS ENTREPRENEURS INVESTING. LESS FOREIGN INVESTMENT.
This woman is terrible for the uk. Time to protect our wealth.
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with.
The rich people are all freaking out! GOOD! Signs that it was a great budget.
This is an EU style budget and sets the UK firmly back in the EU mould.
At least Labour will no longer be in government post 2029, they are resented.
Yeah, coz Robert Kendrick is gonna blow them away at the next election 😂
A weaker economy is called a recession.
It's not. A recession is 2 consecutive quarters of negative growth. Positive growth however small is still growth.
Starmer has `hit the ground stumbling`
Fighting in each corner of the world costs..
Sterling crisis on the immediate horizon.
They can always debase the currency 🙃
Great news for our EU membership application.
the 3bn given to the ukraine could be used to pay the heating for the pensioners wot a crap budget
News Channels owners freaking out cos they gotta pay more tax 😂
More debt longer inflation
We have low productivity, skills shortages, low unemployment, £3tn national debt.
Tax has to be raised. Where it comes from (and where it’s spent) is the issue.
Just saying that tax overall will increase, with no nuance or context, is just propaganda.The question is, will it hit the most or least able to carry the burden.
It will. No small business will absorb the tax bill. The prices for consumers customers will go up.
Good budget
Not really. More debt, more taxes with no growth.
@andrewwaller5913 Whatever, more debt, at least things that needed to be done. The Cons debt, and everything falling apart😀😃
Can't believe i'm saying this but I want Rishi back! 😂
For “public investment” read giving the public sector, IE the unions that fund labour, more money for doing even less.
So... 3bn a year for Ukraine but 1.5bn for NHS beds, hubs and scanners... 🤔
look at what the Conservative party have done to the NHS ! How they’ve been trying to dismantle it and underfund it, so it’s not fit for purpose. I personally would rather pay higher taxes and have an NHS that works. What did the Conservative party do? They would use the national insurance what is the national insurance for? It’s for the NHS. Most people would agree that they would prefer to pay slightly more national insurance and have a fully working NHS then losing it. Austerity has been proven to be a false economy. It literally had a mistake on a spreadsheet that said it would work when, in fact, when the figures were done correctly said it was detrimental to an economy ! which has been proven.
I get the impression that the Government plans to borrow more - so higher interest repayments, tax businesses more - so they have lower profits for investment in new plant, kit, equipment, systems and spend more on day to day operating costs.
No wonder the OBR says this budget will boost short term rather than long term growth.
The presenter needed a chart of international growth comparisons. We are amongst lowest growing economies post Covid. Brexit effect?
REFORM UK WILL SORT THIS MESS OUT WHEN THEY GET IN 🇬🇧🇬🇧🇬🇧🇬🇧
the uk will be too broken to fix by then, wake up the uk is finished.
I think it goes to show how both parties are just two different sides of the same coin, we're so vitriolic over 2% increases here and there, realistically nothing changes. They just dangle the carrot lol.