Budget 2024: Labour set out tax hikes to rescue UK economy
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- Опубликовано: 6 фев 2025
- The Labour government’s first budget certainly had an element of shock and awe, with the sheer scale of the numbers.
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Chancellor Rachel Reeves told MPs that putting up taxes by £40 billion was the only responsible choice to restore stability to the country's finances.
While in his swansong as leader of the opposition, Rishi Sunak accused Labour of breaking election promises on tax and fiddling the fiscal rules to borrow more.
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Never has there been such a huge disconnect between the political classes and the working population of this country
Where is the wealth tax? 650,000 people have total assets of over £3T in 2021. That is £4m each. Assume 1/3 are over £10 m = £2T. 1% on that is £20 billion. Even as a 1 off, that is hospitals, roads etc. I'm no socialist, but for the last 15 years, this wealth has grown unabated. I suspect the number is 1million people with £5trillion post covid.
You are a socialist by even saying that. Rich people invest their wealth and that money is then used to create jobs.
Because those 650,000 are the ones calling the shots and the "elected" are a front. Bought and paid for.
@Garycarlyle oh...you're the one who believed the trickle down theory. Explain to me how Scandinavian countries with much higher taxes have much better public services. Are all Scandinavians socialists?
When queen Victoria died she left TAX FREE - today’s equivalent of 202 BILLION. YES BILLION. the royals declare nothing and we pay for all the jolly’s.
Inheritance tax and capital gains tax are both taxes on wealth and have both been hiked. They're far more effective than a blanket wealth tax like in France.
How does taking £300 off us pensioners but keeping £4400 for themselves help stabilise the economy?
Guy Fawkes had it right all those years ago..
Guy Fawkes was planning a terrorist plot against the king, not higher taxes to invest in public services
Religiously inspired terrorism orchestrated by a foreign state actor?
You cant fix Bad Management by giving money to those that badly managing .........The issue with Britain is Bad Management and Corruption .....
correct - boris was the worst for that one, then sunak hiding the £5b he borrowed just 5 weeks before the election, didnt even tell the office of budget I - OBI
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"The trouble with socialism is that eventually you run out of other people's money."
As opposed to capitalism, where you take money from other people and then spend it on yourself.
Remember the 2008 crash when the state and tax payers money bailed out the failing banks to big to fail etc. Then what did they the banks do? They kept the money close to their chests refusing to lend money to those that needed it. Socialism for capitalism. Hypocrisy in the extreme. It's about time money went to the public and the services we the public need. About time. I'm happy with Scandinavian style taxes if we get a secure and happy populace. Were far from at the moment
The trouble with conservatism is that eventually you run out of budgets to cut
@@alexwhittle789 and yet still west germany is around while while the east fell a long time ago that statement should tell you a lot about your comment...
@@98LPM Huge difference between Nordic style social democracy and Marxist Leninism aka the GDR regime. Don't conflate the two.
I am considering leaving the UK. It is a nation that is in a mess and other nations have more stability. Low taxation, good public service support. Not this sort of nonsense.
Bye
@@gb8628yeah that's actually a deal breaker for me to stay.
I’d be really interested to know which country you think would serve you better! Then we would see whether this is just hot air.
If you want to be an economic migrant go ahead. You'd better have a skillset to sell. Or you'll find the grass isnt greener on the other side
@omardude39 this is a result for short-termism in the 70s. Can you think of any country with massive gas and oil reserves needing to tax so highly? Norway, Saudi, Russia (now), USA!
She busts the record for previous tax rises? 38 billion for the previous record? That was 1992.... Well that 38 billion would be about 82 BILLION in today's money, you know inflation is a thing right? . So C4 stop being disingenuous..... a decade of austerity and lack of investment by the previous government needs to redressed somehow.
And increasing taxes reduces inflation how?
@@glenncooper87 Money for all the things that really need more money, that have been neglected for over a decade by the previous Tory government.
@@robfer5370 such as?
@@apebass2215good contribution ,get a job in the uk media 😂
@@apebass2215 everything, boris even gave taxpayers money to his friends during covid, remember the USELESS PPI that he paid for from his friends company's, PPI that sat and probably is still sitting in warehouses costing millions of pounds to store it
Basic logic:
Austerity since 2011/12 has only resulted in ongoing austerity.
The UK is the only major economy in the World that has unbroken, ever-deepening austerity in national infrastructure since 2008. The World Economic Crash. The reason for that is the Tories insisted upon austerity during the lowest interest rates of all time.
Well established economic theory says that you invest in times of economic crash and use austerity to refuces inflation in a booming economy. So the Tory government did exactly the opposite to what economic theory advised and we still have ongoing austerity 14yrs later, with no sign of a change, as a direct result.
However, you cannot austere your way out of that situation.
A strong economy will recover longterm DESPITE austerity.
Government investment will stimulate the economy, although this should have been done in 2010, not after 14yrs of austerity during higher inflation.
Let's admit that ongoing austerity is a road to ruin.
Well said;the people are at breaking point;
In what sectors did austerity occur?
@@bigjake-ev7nj none. It was a PR strategy that ultimately became a PR strategy for the then opposition. Spending rose as did debt
@bigjake-ev7nj Education, NHS, Local Councils, Libraries, Social Services, Environmental Upkeep, Army, Police....
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Gov: we will show China, who's the boss!!
Brit: yeah! about time!!!
Gov: RAISE THE TAX
Brit: wot? on Chinese EV?
Gov: No, on our own gdp. Chinese EV tax free.
Dreadful budget for employers. They will just cut their workforce as a result.
A few may but most won't. Also we've been shipping in a million a year to fill jobs so those companys that do close won't have much problem finding new jobs.
Labor does this every time they get power. It's undoubtedly the dumber party that certainly hates the country more than any other.
Stop looking at workers as numbers that only produce money, these workers have families, rent to pay, etc.
Is he thick? Higher wage costs is higher costs....simple....less jobs..worse labour contracts....its the TAX LABOUR PARTY...
Farmers - screwed
Small businesses - screwed
Hospitality- screwed
High streets - screwed
Working people - screwed
Train drivers - well off and laughing at us all
so basically, become a train driver
Dont forget the Muslims who do not have to pay stamp duty!
absolute mental take. train drivers literally busted their arses to fight for what all workers deserve and now working class men are turning on them for their union success? learn from them. join a union, theyre the only organisation that can truly fight for a better deal on behalf of workers.
@@justanothergamer1723 So basically KMA
@@thehouseofdowney I’m so pleased that the unions have provided massive pay rises to train drivers , let’s hope the f trains run on time from now on
We need to spend on schools and hospitals, I don’t see why that’s a problem
Maybe stop giving billions to Ukraine and illegal immigrants. That way the elderly can heat their homes as well
Poor management is what's destroying schools and hospitals
Because Bad Management is the issue ..not the money ....These institutions is badly managed that why they keep throwing money at it ...and guess what happens when give money to people with bad management ......dig deeper might find corruption too
It isn't she is basically taxing the well off capital gains inheritance tax there are 7 million people on the waiting list they need to get back to work that's growth that's extra taxes also.
@@genesis1765didn’t she say we had to make “tough choices”
“Rescue the economy” - by making it more expensive for businesses to hire workers and squashing worker pay growth (which she has now acknowledged). Idiots.
Ahh the old trickle down mythology. Thoroughly debunked.
Labour front bench forget whatever they take from the rich is paid by those of us further down the ladder .Shame we dont have sugar daddy millionaires paying piles of cash into our accounts .
all the businesses should just leave, its not worth doing business in uk anymore
*quashing
Was there ever a Labour Party for 'ordinary' people? Funded by whom? We've been watching a 120year old Punch & Judy show and it's still fooling 'em.
'We need to raise taxes to make up for a big budget deficit.'
'Show me how you calculated this budget deficit.'
'No.'
Well done for spelling deficit wrong in two different ways! Clever clogs.
@markmcnulty7736 oh hi, Mark. Corrected, thanks.
You keep eating leg of lamb in your house, you gunna miss your other payments.
which part do you not understand~? the 'budget deficit' is the £22b that the conservatives have spent and there is no money to cover the cost with. that includes £5b that sunak borrowed just 5 weeks before the election. so in order for the government to have any money to put into services and education etc, they first have to replace the £22b budget deficit, that will bring the 'bank account' back up to £0, that is nothing in there to put into spending, the £40b is the £22b that the conservatives tried to hide ( from the obr - the people who monitor the public funds and have to be told) to bring the funds up to 0, they then need money to fund services and investments into the country, that is the £18b difference between the £22b and £40b,
@@allykhan8594 You have just referred to the household fallacy. A household's budget or a person's or family's budget DOES NOT work like a government budget. Your income is independent of your expenditure. A government's income depends on what and how it spends. Learn about this and don't be fooled by it again.
Brought to you by people that believe that tax rises boost the economy because people work harder and longer to make up for their losses.
God knows how many years under the conservative fiscal "austerity" did what for the UK economy? Enlighten me please
We don't have a cons gov now. It isn't a competition you know, lab don't have to outdo cons in the whose the most useless gov.,
Better than being brought to you by Chucky the lettuce loser is it not?
@@sugarsaintit made it fare far better than other european economies until covid hit.
@@bilgzmcr7035this just isn’t true, wages have been stagnant since 2008.
I've been listening for over 10 minutes and I still don't know what impact the budget will have one me. Tell me the details before you give me the reactions.
That's is the point... the richer people are complaining... and also that ones that thinks that one day they'll become one...
For the working people, higher interest rates, lower wages because the obr is very clear that the NI rise for emplyers will be passed on to peoples wages and huge amount of debt in the future. Inheritance tax on farmers and people with wealth. Stamp duty with higher mortgage costs on people with 2nd homes; keep in mind people barely even had enough to afford a 2nd home.
I hate these people..
Sadly, they despise us.
Over 80% of the public feel the same
Who are "these people" ?
@@sugarsaint the labour communist party led by keir stalin
Us that's who,
21:47 😂😂😂😂😂😂😂 speculation based on 14 years of lessons in the only thing you know how to do. You do realise most people do have eyes and ears right, don’t you guy.
Tax hikes alone won't "rescue the economy", only significant investment from the private sector and successful businesses will grow the economy
Nonsense.
National Insurance tax hikes combined with a rise in the minimum wage will destroy tens of thousands of small businesses. It's over for the Labour Party. They are so smug and self satisfied in their London bubble but they've just sowed the seeds of their own destruction.
Creating profit in a small business was already incredibly difficult. This budget along with the new workers rights bill will end them forever. No point running a business that can only make a loss. You can’t tax the unemployed, you can’t tax your way to growth, the state can’t spend the publics money better than they can. This is clown country, those with wealth will leave.
Do you know any small business owners that clubbed together to build a national health service?
Stop talking nonsense
Good greedy wealthy types can leave.
they dont have any money to do anything with, sunak and his laccy's saw to that. they cant spend the publics money because the conservatives already did, and they tried to hide what they had done.
if you want to take it further back, boris was giving his 'friends' public money, remember all of the USELESS not fit for purpose PPI that has sat in warehouses having cost millions from his friends coumpanies.
Queue socialist responses below in 5.4.3.2.1....
That's the issue with big government, they always want more centralization to govern oven the plebs.
Change . Thats what working people are left with after successive governments have taxed and taxed and taxed until all you have left is a few coppers.
"Investment in schools and hospitals"? What about in power stations so that we can have cheaper energy?
If by ‘rescue’, you mean ‘decimate’
Remember the 2008 crash when the state and tax payers money bailed out the failing banks too big to fail etc. Then what did they the banks do? They kept the money close to their chests refusing to lend money to those that needed it. Socialism for capitalism. Hypocrisy in the extreme. It's about time money went to the public and the services we the public need. About time. I'm happy with Scandinavian style taxes if we get a secure and happy populace. Even with this budget we are far from that. A big step in the right direction.
For "Rescue" read "Bury".
To be fair, this might not be a popular course of action but the Tories had 14 years of screwing things up so they can wind their neck in for a while
They're should be higher complaints over unfair with the cost of living and umployment its not right we have a flatline over few jobs and fewer opportunities a nation scandal
"Least hit; Drivers, Drinkers"
"Most hit; Families"
Shout out the intern who ordered those
Never trust a tory
How much more for the labour
Correct thats why UK will vote reform.
@@JamesBurdon-gu5yu I think Farage has shown how Reform represents their electorate. No one's impressed.
@@alanprice6399 Yes they are hence why popularity of reform is only going up
Bring back Guy Fawkes 👍👍
Let those who can afford to contribute more, do so.
The country is in a state of disrepair, millionaires and billionaires have been avoiding paying taxes for decades.
If they have any kind of moral conscience they shouldn't really mind a nominal increase.
They will just leave the country. Then who will you tax?
The tory guy lost me when he said the public would look at the budget "dispassionately" and brought up Corbyn. Not that I think Labour have played a blinder.
Has everyone forgotten that she has already given the greedy railway unions a huge rise £ 10 thousand a year. Plus the doctors etc. Labour ,always in the pocket of the unions. But the poor farmers have been punished. The average worker is going to be £7.50 a week worse off. She has not raised pensions, that was already in place. Nothing to do with Labour. They have lied and this is just the norm for labour. We need our farmers.
It was The Tories who scrapped all farming subsidies. AFTER promising they would not. After lying through their arses about Brexit.
If you grudge literally everyone else in the country a decent life, why should we care what you want?
rubbish, sunak couldnt care less about the pensioners, there was no money to implement anything the lousy conservatives had 'allegedly put in place', they tried to hide what they had done, they didnt even tell the obi what they had done, they didnt even know about the £5b that sunak borrowed 5 weeks before the election
Stop giving it away to other countries and people who come here illegally.
I really wish the Tories were still in power. Don't you?
Sadly the Labour Chancellor doesn't understand that the poorest in society are being robbed by the employer NI tax increases.
Workers in the agency labour supply industry are paid an assignment rate that incorporates employer's NI!!! It is processed by third party payroll companies. Both Agency and Payroll companies have been colluding for many years now over paying the worker an assignment rate where the worker foots the employer's and the employee's national insurance tax.
This is blindness by the Labour Party. The result is a tax on the poorest.
How can a bunch of people that have never actually worked a day in their existence call themselves the Labour party.
I don't think "chasing the soap around the shower" is a well-known expression. Not many people feel the need to chase anything around the shower
Labour have a lot to restore from the Tories rich get rich, it’s going to take time to rebalance our society
🙈 do you not see they're both parties of the rich doing a pantomime in parliament? If anything Starmer is increasing wealth inequality with this budget yet again hitting the people in the middle, barely touching the upper class
Inflicting the highest TAX burden on the people in UK history then turning around & saying it's to prevent austerity.
Everyone in the government should take a pay cut to contribute and ease the common working people.
Making everything more expensive is repair?
This will cost my business around £155,000 a year.
I will need to lay people off next year unfortunately, as will many other small businesses.
So sad they won.
The shrinkage of your business is your business decision. You could keep those employees on and weather the storm to look for long-term growth rather than contracting with the labour market.
I don't have a business and work pay day to pay day to make ends meet. Now what was that you were saying about not having enough money ?? 🙄 If you are looking for someone to blame, start with 14 years of a Tory government robbing peter to pay paul and not investing in the UK!
If you have a small business you will not be effected
@@robfer5370I think you need to start your own small business to see the challenges. A lot of small business owners pay their employees first and many go without a proper salary for months on months just to keep afloat to pay employees as part of investing back into the business. It is quite literally pay check to pay check with more risk. They take all the risk of bringing in business to pay for everything while employees only have to think about receiving the pay check. You have mandatory paid holiday days but a business owner sometimes can’t risk using their holiday because the competition never stops. I’d much rather be an employee than a small business employer.
If you can't pay and survive, then something is either wrong with your business, or you are taking too much out of it.
Feder, who was the chief economist for the NSDAP, understood that usury kept the people mired in materialism and poverty, with a negative downstream effect of all other aspects of national flourishing. He is quoted as follows:
"Our anti-Mammonistic battle, which is ranged above the other two battle-fronts, is directed against the world-encompassing financial power, that is, against the permanent financial and economic bleeding and exploitation of our people through large loan capital. This battle however is, on the other hand, also a powerful intellectual struggle against the soul-destroying materialistic spirit of egoism and avarice with all its concomitant corrupting manifestations in all fields of our public, economic and cultural life.“
~ Gottfried Feder
Your man’s teeth would need that 40 billion alone. I can smell his breath through the camera!
I’m more than happy to pay taxes as long as we have a better standard of living! We’re not exactly burdened with tax in the UK.
Self, self, self…….
Exactly Blair put up NI before the 02 election we grumbled but we so more police NHS waiting at 2 months more teachers a minimum wage
Helia rocking a strong groovy aunt vibe.
Voting Brexit and Labour gets you paying higher taxes, cost of living and lower NHI services, what did you expect. If you want to go on holiday to Europe if you can afford, start applying for your Visa's.
ALL POLITICIANS 50% WAGE CUT STARTING NOW
Haven’t seen anything about how much is being set aside to pay for hotels!
The Labour Party ‘promises’ to resolve tax rates and financial issues once again… then they just produce more
I think anyone with half a brain cell and you were following the economy since atleast the brexit/covid days, you could have seen this coming.
Rishi sunak essentially put a bandaid on it which was just enough to make it to the election to gain some favour with the public, but it was already projected that the situation will get worse before it gets better which is exactly the point when labour got to power.
So yeah let's be fair here, you can't f up the economy more than the torries did in the last couple of years.
The conversatives were ruling for 14 years.
Fun fact UK and US used to have the same salary figures, now US is like triple or UK
Yes, but the first woman chancellor - A once in a generation defining moment. What a time to be alive.
All because of the previous Tory government, put the blame where it belongs!!
Its actually to make sure that minimum wage increase equates to a minimum wage decrease.
This is how you exacerbate an already low wage economy and a high skills brain drain.
I visited a farm today
no boisterous animals but me
It seems the farm had lost its deed
Through government avarice and greed
No tractors running in the dust
T'wer only left outside to rust
No chickens clucking in their pen
They had all alas been done in
The fields were nothing but stubble
The house in time razed to rubble
No movement no sound no texture
Estate tax is my conjecture
Why don’t the politicians take a pay cut to raise money
Same rason they claim fuel paymeny on 200k+ sallary while the pensioners die
She is a real creep they are no better than the Tories they have already proved that without this robbing budget.
well done Labour.
Have the stopped the invasion? .
@@topfuelteddy look at there user name, it's a bot
We've all been here before some decades ago, but nowadays there is so much more 'expectation' from families and that also includes our Children, so now we need to reconsider our priorities and change them accordingly. We have to ask ourselves, do we really need that singing and dancing Sky TV package that we pay £50 - £70 per month for, and our i phone contracts that are not cheap instead of having a 'pay as you go' mobile? (especially for the kids). Tobacco habits that cost £400 monthly and alcohol that isn't cheap either. How many of us have got used to eating out every weekend and having ridiculously priced take aways? NO.......I'm not saying get rid of them all, but review them all and see how much you can really save. I kicked my Sky subscription into touch in the Spring, stopped smoking 25 years ago, and have only drunk at weekends, and if you saw my mobile phone you'd have a giggle.
How do these loonys have the right to wear a poppy, them people fought for this country not destroyed it like these are doing.
100 billion invested in public services over next 5 years yeah all goes on wage agreements 🤣🤣🤔
Thanks for that, while multinations dont even pay VAT on their purchases
Lol. Imput vat in most cases are reclaimed l. Talk about things you know.
Why would a multi national come here and give all their money to taxman?
Labour overspending, that's rich coming from you Rishi especially with the fact it's your cronies who benefited massively.
I thought she had increased taxes so much to pay for the increase in public sector pay and to help cover the cost of the illegal immigrants?
What a ridiculous headline. When have taxes ever improved the economy? 😂
A country cannot tax itself into prosperity. It has never worked
Even more misery and dead pensioners unable to pay heating bills.
Helia Ebrahimi sounds just like a female version of Robert Peston in her intonation and delivery.
Some people say the UK politics is boring and it's a good thing. It's a bad thing actually. It's boring because no politician in the UK ever tries to explain what they are actually doing and why. And that's intentional so people can get bored.
It means we're being run by loonies. Why make it more expensive to employ people if you're worried about worklessness?
It wouldn't have been popular but they should have reversed the NI cut Jeremy Hunt introduced last year which cost £10 billion but was completely unfunded so they could have put the blame on him for having to do that. I don't think passing the NI onto employers is the right way to go as it trickles down to employees anyway in lower wages and lower employment.
25% UK retail is online: 2023 £217 billion 20%VAT = 43.4billion already !😮 Minimum wage supermarket/delivery workers will "just have to work harder" to "pay" the extra NI tax?
Good!
09:00 Why does she sound so annoyed? It's annoying me
Really dont like how Rachel has this smarmy smirk on her face
Which one?😅
The word "hike" is a ludicrously loaded term. Please say rise or raise. You are supposed to be c4 not the Mail or the Telegraph.
So is "rescue"
Again these places have been bought out. And they try and measure our reactions.
Yeah we want biased left leaning comments not facts
@@jupiter998they said it was high taxes that caused the problem in the first place so how is this a fix?
@@kevinmcdonagh1063 Rise or raise are neutral factual words. They are not biased at all. if you yourself are left-leaning and trying to be witty you have failed. If you are right-leaning you have totally missed my point.
"Tax hikes to rescue UK economy" a contradiction in itself. Apparently the only thing politicians are good for (specially women politicians) is spending people's money.
I'm really happy the labour government is following the swedish economic model
This is a first UK liar budget in 14years
Had to turn this off, what's with that primary school teacher voice!!!
The Government's impact assessment of the Illegal Migration Act 2023 estimated that the total cost of providing public services to a UK national is around £12,000 per person.
This is where your money goes folks 👍👍
Right and the 10 million a day on migrants? The BILLIONS to Ukraine? Continuing to pay Europe despite apparently leaving?
That's all done for free right?
what do you think boris and sunak did with this money
The next 4 years are going to be worse than the previous 4 years. The people are getting f…….. each time a new government comes in. I don’t get it. Instead of improving people’s lives they make it worse. I loathe this crew of uselessness!! Rishi you’re another useless one. You made this happen because you wasn’t up to the job, you couldn’t be bothered. Another useless one!
This is a tax on the rich and business owners, not on employed people.
Tax on income has not dropped so if you go to work for a salary you won't pay any more tax.
Your pay will not drop. You're employed by a contract and they can't lower your wage.
Minimum wage has gone up so eventually that rise will move up the line just be patient.
Tax on investment has gone up but is still lower than that paid by people who go to work.
Farmers and land owners are moaning that when they die their children will pay 20% inheritance tax on anything above £1m (£2m if a house is on the land) The rest of us will pay 40% on anything above £325k which is not new.
2 weeks later and universities are letting go of staff because they can't afford to pay for the increase in tax per employee. Sure, they can't lower your wage, but they can make you redundant - and that's far worse for the economy. Reeves is an idiot.
The rich are not affected by this budget, just the PAYE employee.
Funny, crumbling infrastructure needs funds to fix, I can put my crayons away…
The quality of NHS infrastructure, schooling, and the salary of very demanding jobs like nurses and teachers has been appalling in UK.
I’m glad to see a government that’s taking steps to fix this rather than moving such services in the hands of the already ultra rich.
That's an excuse with respect. Private nurses are better paid. Government takes our money and wastes it. Private business is far more efficient. Health schemes like BUPA are not that expensive and would be even cheaper with scale.
😂🤣😂🤦🏽♂️🥴🤡
@@Garycarlyle Absolute nonsense
My mother is a nurse and it’s true they are underpaid. She’s also sometime that would like everybody to have access to important healthcare regardless of their income.
Because healthy citizens are more valuable and efficient citizens, and make an efficient country, if you want to focus on efficiency.
Private corporations are efficient until they become monopolies. Do you realise that private corporations were trying to pass laws allowing them to sue governments for banning tobacco?
EDIT: also she worked for a private hospital. She worked overtime during Covid. The profit during Covid skyrocketed and at the end of the year management told nurses they were giving the excess to charity (and I wonder who was employed in such charities). 😤
I believe “free markets” work efficiently if they are REGULATED. Public services enable private businesses by providing healthy population and infrastructure. The government must enforce fair rules.
Do you realise that if the richest man (Musk) offers 1m$ to people attending Trump rallies prevarication has already gone too far?
Lots of jobs are demanding. Why is it that we put nurses and teachers on this magic pedestal.
What is the presenter in the red pants doing 😂😂😂😂 . What a farcical performance . How about telling us about how the budget helps people .
Rescue it from what? Highest growth in the G7, inflation @1.7%, 4% unemployment and relatively low deficit.
You inadvertently make an excellent point. All those figures are correct and yet most of the country is struggling and miserable and public services are in a very bad state. Doesn't this tell you that the stats don't mean very much? Or, if they do mean something and this is as good as it gets economically then the whole economic paradigm is inherently flawed and unsatisfactory?
@@markmcnulty7736 You are confusing past with present. The economy is in pretty good shape now, that doesn't mean we haven't had a difficult few years.
@@agt155 You haven't quite got my point. "The economy" is in pretty good shape, but what does this actually mean, except the stats etc which you refer to, if everyone feels poorer, unhappy and public services are in terrible shape? It means: we need to stop placing significance in those stats. Low unemployment, in particular, is a useless stat because it doesn't take into account the insecurity of employment, the necessity to have multiple jobs, the impossibility to meet the cost of living. In fact, many economists and business owners don't think low unemployment is ever a good thing for the economy - as I'm sure you know.
@@markmcnulty7736 Having a strong economy doesn't mean that public services are great and that everybody feels good, but the title of the vid is "Labour sets out tax hikes to rescue the economy".
THIEVES IN PARLIAMENT!!!!
where does she think the money for the additional employer NI contribution is from? really speechless for this idiotic logic. no commercial sense at all. this will lead to lay off, less permanent jobs and reduciton in salary increment. she should go back to high school and take some some elementary business studies.
this is like a scene from Edward scissor hands.
Ps absolutely hate them now.
If you voted for Labour don’t come here to cry about things getting more expensive and conditions getting worse or not worth what you paid for.
You voted for a socialist and now you’re getting socialism.
Labour are not even remotely close to being socialist. This take only shows your incredible level of ignorance.
@ pardon me, I forgot socialism is subjective to you lot and it’s only socialism if it works (still waiting on that one)
@@ThePoochie101 No, its simply that he literally is not a socialist. You wont find a single person in the UK who identifies as socialist that would tell you any otherwise, in fact they are all very disappointed that he is a capitalist, his plan for the labour years are too sell off public industry to foreign investors and continued austerity - again none of this is even slightly related to socialism (in fact its straight up Thatcherite libertarianism). You've simply been trained by propaganda to think higher taxes means socialism, no socialist has ever claimed this is a part of their philosophy and to be frank taxation is inherently capitalist. This whole "socialism never works" propaganda piece is more nonsense mate, unions (which are in fact inspired by socialist philosophy) have had insane success in improving conditions for workers, increasing their wages, reducing working hours, raising minimum worker age, improving security and health for workers. etc. They are the only reason that you have a minimum wage, a 40 hour work week and they still fight today for better conditions for workers. Join a union, use your head for a change.
Absolutely nothing wrong with this budget at all. Point out which exact bit you don't agree with and make your argument on it.
@@ThePoochie101 Exactly.
Did they green screen the brief case this time ?
Get real!! It's not to rescue!! To punished !! Tax tax tax she has not get any clue!! She needs to go
I do love when channel 4 has a long video, very likely to be a good one
It's laughable you expect growth by taxing more! They are leaving!