On my quip there, many may not know this, Rachel went to an independent school for Girls in a prestige English county. Yet wants to put VAT on the fees of these institutions for no benefit at all to hard working families that just want to send their children to a good school.
@@METALFREAK03, this is another bone for the dogs still clinging to and fighting the Class War of the '60s, like the fox hunting ban. They don't do that because the comrades care about foxes but because the workers don't take part an see it as a Posh boys sport.
I run a small 15 person service company (ie services = not tied to a location through plant, machinery, or clients) in London. The people I know in my market who are similar to me 10-50 staff, around one third are today executing on plans to relocate we had all pre prepared. It’s partly this budget, but it’s mostly the next one, and the next one. We know this isn’t the end of the squeeze it’s the start
Why the hell did they give 1 penny off a pint????? Saving 5-10p on a night out is not going to make any difference to the public but will cost the government £85 million a year, which could have gone towards the roads, schools, or NHS.
Set against an increase in non-draught drinks, it's still going to raise tax overall on alcohol. And given the damage to the pub trade that banning smoking in outdoor areas will do, this is a sop to lessen the blame when hundreds more pubs close for good. The consequent tax loss from the smoking ban will be many times more than £85m.
It’s a nightmare, we are a community interest company and this budget may just kill us off as the estimated 90k additional cost that we cannot pass on to our vulnerable clients. As a working single father just can’t see how this helps at all.
I find it hard to listen to Michael Gove who put socialist policies in place and was part of why we have this Labour government. His war on landlords is one case in point.
Why on Earth does Labour squander its huge majority on such a mediocre budget? I have had enough of these same old, same old, clueless career politicians.
"What do you think Rachel Reeves wants the message to be?" The designer of the budget had clearly been instructed not to beat about the bush. "Make it evil," she'd been told. "Make it totally clear that this budget has a right end and a wrong end. Make it totally clear to anyone standing at the wrong end that things are going badly for them. If that means sticking all sorts of spikes and prongs and blackened bits all over it then so be it. This is not a budget for hanging over the fireplace or sticking in the umbrella stand, it is a budget for going out and making people miserable with."
Sorry but you cannot EFFICIENTLY spend that amount of money on infrastructure in 3/5 years in the public sector. The Public Accounts Committee said it takes roughly 11 years to build a hospital start to finish and almost always ends over budget. - If you allow the private sector to keep more of its money they will either spend it or invest it. If they invest they have an incentive to get results quickly. - If you give money to the public sector to "invest" they have no incentive to get it performed on time or on budget. If anything with some projects the project completing means senior people will not have a job. And sorry, I will not be cheering my pint being £6.49 not £6.50.
The OBR aren’t being “tough” on Labour with their growth forecast. They’re managing expectations. When growth is even slightly higher than the anemic projection, Labour can claim to have exceeded expectations.
"Starmer's brand" was ruined for me when he was dancing at Taylor Swift concert two weeks after the "christian choir boy" hacked to death the little girls at the Taylor Swift dance class. Such a lier.
So let me get this straight: 1) Labour have given inflation busting pay rises to NHS staff and want to increase its budget. 2) To pay for this, they are rising NI on employers. 3) The NHS employs 1.5 million people. 4) So Labour are charging the NHS more NI which comes out of the NHS budget...so they can increase the NHS budget... Makea sense...
The bottom end of society is really struggling economically. There is bound to be a redistribution downwards. Fair enough is it not? Taxing private education is a mistake for middle England though. This should have been means tested, as should winter fuel allowance. Easy enough with the precedent of child benefit.
@@lakedistrict9450 and who pays for all the striving up children who will now be forced to drop out if private education and enter state schools ... Oh wait .. the tax payer!
If the endless tap of mass low skill immigration was turned off wages for the 'bottom end of society' would have to rise massively if the jobs are essential. Government spending would fall as fewer households would receive benefits
Can’t even put into words how much it irritates me when political types use the thumb gesture, it just tells me you’re so incapable of communicating with normal people that you’ve had to have training by someone else as equally incapable.
Cant take Spectator seriously with Gove there. Tories blew an obscene amount of debt on COVID, raised taxes to record levels and were generally useless. Labour are a bit worse.
No one knew how dangerous the " China virus " was. They were following orders to lock down. Scientists orders actually 😮 They did their best but the pp contracts and matt 😮😮
Very disappointed that you give airtime to this airhead Mr. Gove. What sort of review is this biased utterance from a representative of a failed rep of the con-government? A backstabbing posh MP that is great at talking biased selfish sentences. That’s me having enough of listening to The Spectator.
I think it was a good budget. It’s nice to see the show on the other foot with the wealthy picking up the tab rather than the tories hitting the masses and protecting their mates
Judging by how angry Sunak was at PMQ, I'd say the Tories are going to have to eat an enormous slice of humble pie. People have a lot of deference for the Conservative Party that they're the party of economic competence but that is very much in question now given Reeves' work. If her budget was bad - the market would have reflected that, as it did with Truss, but it didnt - therefore the ideology underpinning the economic strategy in the past was not supported by the market. In that sense Kemi has already lost the argument by the market not crashing. Her solutions will not be a better alternative to this government's approach. I wish Tugendhat was in the running. He was your best candidate hands down. A good man to compete with the good that is coming from the current government. A baddie can't do it - there's no more traction in it. The worm has turned...but the Conservatives can't see it. Sorry Gove - I think you might be out of another job. Perhaps the Liberals are the effective opposition now.
Supported by the markets?? Gilts tanked this afternoon once the OBR's report on the budget came out. That means that interest rates will stay higher for longer. The OBR's report states that everyone in the country will be will be worse off after this budget and that it will be a major drag on growth. Sunak was absolutely right in his dismantling of it.
One of the great minds behind the fantastic Liz Truss budget and a guy who run this country into the ground and turned it into the worst performing G7 economy will now share with you their wise thoughts on the economy 😂 You have to admire people with such lack of self awareness 😂😂
if you want growth, the last thing you do is RAISE TAXES.
Shhhh....doesn't fit the narrative.
I am assuming Rachel thinks as raising tax is a positive thing as it says the verb "raise".
This is why we need independent schooling folks.
On my quip there, many may not know this, Rachel went to an independent school for Girls in a prestige English county. Yet wants to put VAT on the fees of these institutions for no benefit at all to hard working families that just want to send their children to a good school.
Government spending counts towards Gdp and they are going to borrow and spend
@@METALFREAK03, this is another bone for the dogs still clinging to and fighting the Class War of the '60s, like the fox hunting ban. They don't do that because the comrades care about foxes but because the workers don't take part an see it as a Posh boys sport.
This budget simply doesn’t make any sense but if you don’t have anyone with business experience in the cabinet that’s not surprising.
We were warned this would happen ,Starmer told lies and the sheeple fell for it
I run a small 15 person service company (ie services = not tied to a location through plant, machinery, or clients) in London. The people I know in my market who are similar to me 10-50 staff, around one third are today executing on plans to relocate we had all pre prepared. It’s partly this budget, but it’s mostly the next one, and the next one. We know this isn’t the end of the squeeze it’s the start
That's exactly what I think. This is just the beginning ....of the end
Perfect your skill set and move to where the opportunities are.
There is no future in Britain. You will be taxed into serfdom.
Raising Employers Nics is a complete disaster.
Why the hell did they give 1 penny off a pint????? Saving 5-10p on a night out is not going to make any difference to the public but will cost the government £85 million a year, which could have gone towards the roads, schools, or NHS.
Set against an increase in non-draught drinks, it's still going to raise tax overall on alcohol. And given the damage to the pub trade that banning smoking in outdoor areas will do, this is a sop to lessen the blame when hundreds more pubs close for good. The consequent tax loss from the smoking ban will be many times more than £85m.
Keers beers
It’s a nightmare, we are a community interest company and this budget may just kill us off as the estimated 90k additional cost that we cannot pass on to our vulnerable clients.
As a working single father just can’t see how this helps at all.
Prepare for more even financial disaster resulting in a death spiral of ever increased debt and taxes.
Rises up and growth down
Inflationary taxes combined with record borrowing. Recipe for disaster.
Welcome back to 1976....😢
Another depression 😮
Should we put in the call to the IMF now or later?
And that was hellish I was a child but remember the stinking garbage everywhere from refuse worker strikes amongst others. My parents tories.
Time to leave Britain now.
The Dream has died.
Rapidly, tragically and completely
I find it hard to listen to Michael Gove who put socialist policies in place and was part of why we have this Labour government. His war on landlords is one case in point.
A spiteful budget to farners and private schools as well as poor pensioners and the majority of the proletariat.
Why on Earth does Labour squander its huge majority on such a mediocre budget? I have had enough of these same old, same old, clueless career politicians.
Because unelected quangos are the real ones in charge, such as the OBR & BoE. As Liz Truss can testify to when she tried to ignore them.
"What do you think Rachel Reeves wants the message to be?"
The designer of the budget had clearly been instructed not to beat about the bush. "Make it evil," she'd been told. "Make it totally clear that this budget has a right end and a wrong end. Make it totally clear to anyone standing at the wrong end that things are going badly for them. If that means sticking all sorts of spikes and prongs and blackened bits all over it then so be it. This is not a budget for hanging over the fireplace or sticking in the umbrella stand, it is a budget for going out and making people miserable with."
This is an absolutely legendary reference
Sorry but you cannot EFFICIENTLY spend that amount of money on infrastructure in 3/5 years in the public sector. The Public Accounts Committee said it takes roughly 11 years to build a hospital start to finish and almost always ends over budget.
- If you allow the private sector to keep more of its money they will either spend it or invest it. If they invest they have an incentive to get results quickly.
- If you give money to the public sector to "invest" they have no incentive to get it performed on time or on budget. If anything with some projects the project completing means senior people will not have a job.
And sorry, I will not be cheering my pint being £6.49 not £6.50.
But big projects do allow politicians a photo op as they are announced or the first sod gets cut. And that's what counts!
Thank you for this presentation. Very interesting.
That said, there is no inheritance tax in Australia so my dual nationality might prove handy.
The OBR aren’t being “tough” on Labour with their growth forecast. They’re managing expectations. When growth is even slightly higher than the anemic projection, Labour can claim to have exceeded expectations.
NHS public sector pensions. That's the needed reform.
I like Michael Gove
Michael Gove on 'trust overall'.
Another bloody mess
Gove, lover of lockdowns and green claptrap. What's he doing here?
Hahaha, what growth is that then? There has been none over 14 years so presumably it will now shrink you’re saying? We shall see then
"Starmer's brand" was ruined for me when he was dancing at Taylor Swift concert two weeks after the "christian choir boy" hacked to death the little girls at the Taylor Swift dance class. Such a lier.
What? So nobody should dance at a Taylor Swift concert ever again?!
That was cringe
@@rezwhap no
So let me get this straight:
1) Labour have given inflation busting pay rises to NHS staff and want to increase its budget.
2) To pay for this, they are rising NI on employers.
3) The NHS employs 1.5 million people.
4) So Labour are charging the NHS more NI which comes out of the NHS budget...so they can increase the NHS budget...
Makea sense...
The NHS is a public employer, none of which pay NI for precisely the reason you reference.
BTW the number of employees is irrelevant anyway because it's pro rata, obviously.
I thought NI increases for the nhs and all other public employers is ring fenced and will not be increased?
@@MarkT-e8x The NHS is a public employer, none of which pay NI for precisely the reason he references.
The staff don't pay into NI either. They are paid net. NI - NI = zero.
The bottom end of society is really struggling economically. There is bound to be a redistribution downwards. Fair enough is it not? Taxing private education is a mistake for middle England though. This should have been means tested, as should winter fuel allowance. Easy enough with the precedent of child benefit.
@@lakedistrict9450 and who pays for all the striving up children who will now be forced to drop out if private education and enter state schools ... Oh wait .. the tax payer!
If the endless tap of mass low skill immigration was turned off wages for the 'bottom end of society' would have to rise massively if the jobs are essential. Government spending would fall as fewer households would receive benefits
@ Agreed. We are messing our country up. IMHO
@ Yep…. Be interested to see the data in a year.
NHS will have to pay 1.6 million extra employers NI plus the pay settlement which leaves very little to improve service!
The private sector taxpayer will be funding it.
Public sector is exempt apparently.
Public employers don't pay NI.
IMF beckons.
OBR - joke. Taxes - joke. Government abd public sector. The British should be rushing to Poland.
Michael Gove is the reason I will never, ever give the Spectator another penny of money. Can't stand him
Your loss
Not really! Gove is a complete tool
Agreed
What's your dislike of him got to do with the pointe he is making?
Why ?
Can’t even put into words how much it irritates me when political types use the thumb gesture, it just tells me you’re so incapable of communicating with normal people that you’ve had to have training by someone else as equally incapable.
Cant take Spectator seriously with Gove there.
Tories blew an obscene amount of debt on COVID, raised taxes to record levels and were generally useless. Labour are a bit worse.
No one knew how dangerous the " China virus " was. They were following orders to lock down. Scientists orders actually 😮 They did their best but the pp contracts and matt 😮😮
Spectator - mouth of the Tory Party.
@@simonbamford8441 Just put your argument against theirs instead of that nonsense
Because there are no left leaning outlets....
The BBC "hold my beer".
Doesn't make them wrong
Same as the New Statesman, Mirror and Guardian being left wing mouth pieces for the Labour Party
Yes- and? If you dont like it, go watch a guardian podcast
Very disappointed that you give airtime to this airhead Mr. Gove. What sort of review is this biased utterance from a representative of a failed rep of the con-government? A backstabbing posh MP that is great at talking biased selfish sentences. That’s me having enough of listening to The Spectator.
Bless.
I agree, gove is far too left wing to be on the speccy.
He's the editor they can't really keep him off.
I did unsubscribe, but I still get these weird comments.
Sigh….;)
I think it was a good budget. It’s nice to see the show on the other foot with the wealthy picking up the tab rather than the tories hitting the masses and protecting their mates
...and what do you think the wealthy will do? Create more jobs, invest in the UK or run for the hills and get out of the UK while they can.
Judging by how angry Sunak was at PMQ, I'd say the Tories are going to have to eat an enormous slice of humble pie. People have a lot of deference for the Conservative Party that they're the party of economic competence but that is very much in question now given Reeves' work. If her budget was bad - the market would have reflected that, as it did with Truss, but it didnt - therefore the ideology underpinning the economic strategy in the past was not supported by the market. In that sense Kemi has already lost the argument by the market not crashing. Her solutions will not be a better alternative to this government's approach. I wish Tugendhat was in the running. He was your best candidate hands down. A good man to compete with the good that is coming from the current government. A baddie can't do it - there's no more traction in it. The worm has turned...but the Conservatives can't see it. Sorry Gove - I think you might be out of another job. Perhaps the Liberals are the effective opposition now.
No way
Supported by the markets?? Gilts tanked this afternoon once the OBR's report on the budget came out. That means that interest rates will stay higher for longer. The OBR's report states that everyone in the country will be will be worse off after this budget and that it will be a major drag on growth. Sunak was absolutely right in his dismantling of it.
One of the great minds behind the fantastic Liz Truss budget and a guy who run this country into the ground and turned it into the worst performing G7 economy will now share with you their wise thoughts on the economy 😂
You have to admire people with such lack of self awareness 😂😂
It’s a brilliant budget and firmly puts the Tories in the dock!
What’s brilliant about it?
I tried to repeat this trick in front of a mirror, and now I have a new record of a broken mirror and lots of laughter🧡