OBR leaks the Budget.

[Baggiejacko]

The hole truth and nothing but???

https://www.bbc.co.uk/news/articles/c4gex225p5jo

[CIM]

The hole truth and nothing but???

https://www.bbc.co.uk/news/articles/c4gex225p5jo

Fugg me. At least it took the Tories a dozen years to be this shambolic

[Logic1]

The hole truth and nothing but???

https://www.bbc.co.uk/news/articles/c4gex225p5jo

Fugg me. At least it took the Tories a dozen years to be this shambolic

I think it's absolutely brilliant how Reeves has played the media here. Go back and look at what she actually said. The speculation for this budget has been like nothing I've ever seen before. The rightwing Tory press have been trying to hammer away at her because they just don't like a Labour government. They also just hate the thought of 100,000s of kids being taken out of poverty. 

I'll repeat what I have said before... 60% of households in the UK have a pet. That means people can easily afford higher taxes for better public services and to help alleviate kids from poverty.

Also, I am in the top 2% of tax payers in the UK, so this hits me harder than 98% of the population. People on average earnings hardly pay any tax.

Btw here is the Sun accusing Rachel Reeves of lying. Yet it shows a video where there are no lies. Everything she says is factually correct.

https://www.thesun.co.uk/news/37474828/r...lack-hole/

[Baggiejacko]

The Labour plan had just one flaw, it was bollox

[Protheroe]

The hole truth and nothing but???

https://www.bbc.co.uk/news/articles/c4gex225p5jo

Duplicitous for political gain. The only people who are pleased are the PLP.

More is emerging (as it always does) that the licensed industry is not being helped at all, let alone by the £4bn+ suggested in the Budget speech. In fact, their Business Rates are just going to go up by less than they might otherwise have done. Massive increases nevertheless.

There is also talk of HMRC taxing cash sitting in equity ISAs. Given that any sane investment strategy will always have an element of cash holding this betrays both a fundamental misunderstanding of how investors invest, and a worrying suggestion that tax exempt wrappers are potentially not tax exempt wrappers after all.

I have to be honest when I say that Reeves could not have done a better job of sticking two fingers up to private sector workers, investors and business owners if she'd tried. Rather than anything novel, this is a typical Labour administration, so remarkably stupid it thinks that it can spend now and raise taxes later in the Parliament despite ample evidence that behaviour will alter in the interim.

The Budget was also devoid of any supply side measures to improve growth. She even sneaked in a cut to VCT tax relief. 

I was out last night with a hundred or so people of a similar age and all the talk is of behavioural change and quiet quitting. We were already at the limit of what households are willing to bear in taxation. Reeves has taken us over the top.

[Ted Maul]

Hope you're well Proth.

[Protheroe]

Hope you're well Proth.

I'm very well thank you Ted.

Try and catch Rachel Reeves on Trevor Phillips this morning if you can. It's brutal.

[Pontificator]

Hope you're well Proth.

I'm very well thank you Ted.

Try and catch Rachel Reeves on Trevor Phillips this morning if you can. It's brutal.

Labour governments are doing exactly what they’re elected to do: redistribute. And this hysteria over “quiet quitting”? Please. People are trying to get through their week like everyone else. The idea that the overwhelming majority of dedicated public-sector workers are somehow going to slack off is bullshit. They show up, they deliver, and they keep essential services running. WTF is wrong with insisting on a healthy work–life balance? 
Watching Reeves make Kaunsberg look like the knob she is

[tHEgLASSdOORS]

Removes Glidepath

Inserts Quiet Quitting

Christ I agree with Ponty

[baggy1]

It’s the rich way of throwing their toys out of the pram, the same people that will cough up £1500 on a Porsche service or £5k on a new patio set are moaning about paying the mansion tax. Basically they have been able to get away with paying as little tax as possible through dividends, chucking huge drawings into pensions or simply bullshitting are having the loops closed.

They’ll live.