Seems like pretty mild stuff really, considering all the previous noise.
- Awesome stuff
- The sky is falling
- Meh
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voters
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The employer NI threshold thing is something that could make a big difference in some cases. Just done a back of a packet here for the school where I am working and it would cost about 1.4% of our budget if there isn’t any DofE funding to cover it.
I would also want to check if the NI credit limit also kicks in lower so all of the sponging tax avoiderscontractors don’t just reduce the amount they pay themselves as salary rather than dividends.
A penny off a pint of draught - proper working mans budget.
I’ve put meh but it’s meh with a nod. It won’t really effect me that much but it’s some baby steps in the right direction I guess.
I think most of us like the NHS. To that end, the amount of m’eh is…
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Yeah meh++
For you and I maybe a meh, much as expected. For some there’s going to be real consequence, which may then have wider impact in time
Just one sector
The British Independent Retailers Association (BIRA) and the Association of Cycle Traders (ACT) have criticised today’s Budget as “the most damaging for independent retailers in recent memory”.
According to the two organisations, changes to business rates, increased National Insurance for employers, and higher minimum wage costs is “a triple blow” for businesses and threatens widespread high street closures.
The ACT, which is part of BIRA Group, represents more than 6,000 independent retailers across the UK, and has reported the reduction in business rates relief from 75% to 40% (capped at £110k) from April 2025 will “more than double” costs for many retailers.
This comes alongside employer National Insurance contributions rising from 13.8% to 15%, with the earnings threshold cut from £9,100 to £5,000, and the minimum wage increasing to £12.21 per hour for over-21s.
Andrew Goodacre, CEO of BIRA, said: “This is without doubt the worst Budget for independent retailers I have seen in my time representing the sector. The government’s actions today show complete disregard for the thousands of hard-working shop owners who form the backbone of our high streets.
“Small retailers, who have already endured years of challenging trading conditions, now face a perfect storm of crippling cost increases. One member has already calculated these changes will increase their cost base by £150,000 next year alone.”
Goodacre has described the Budget as “anti-high street” with many independent retailers continuing to compete with online giants.
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Everyone likes more money to [insert good causes].
The bigger question is how it will affect growth and the ability to pay it all back.
That’s something the markets and the economy will tell us in a year or so. I reserve opinion until then. Although my vote was trolling.
Seems like a big gamble to me, taking a chunk out of business and borrowing more to pump prime change in the nhs government and schools in the hope they will get better
Not a bet I would have made
As recent non worker it was pretty meh for me personally
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Except the NHS and schools aren’t good causes they are social necessities.
14 years ago (coincidentally when the Tories came to power) I needed a referral to a consultant dermatologist and the wait time was 6 weeks.
14 years later I have been referred again, wait time 12 -14 months
That is the reality of how fucked the NHS is.
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20 years ago research suggested there were 1 million patient contacts per 36 hrs in the NHS. Kings Fund (12.06.24) used their best estimate of that methodology in order to make comparison to 23/24. Their figures suggest that number has risen to an estimated 2.5 million per 36 hrs.
There are no easy answers
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The poisoned chalice passed knowingly to Labour but hopes were high… so far they have naused the elderly, & a higher percentage of average workers will be worse off. This it seems had to happen. I hope the calculations here add up to an excellent budget before the next election or Labour will be left in the steaming cloud of “We’ll cut taxes” which is pretty much all middle England want to hear and all the cuntservethemselves have to offer.
I guess what people wanted to see was a big dig at inequality in this budget but that seems not on the menu…Amazon will be pleased.
That didn’t happen in one year, but over time.
And over time the facts and demands were ignored over the political choice of ‘austerity’
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More cautious than I expected, and fairly grounded in Reality. Broadly good news for smaller businesses, but nothing like enough being proposed by way of pursuing the mega tax-dodgers.
Be interesting to see how the markets react.
I’d have liked to see some groundwork for renationalisation of utilities, but not entirely her remit admittedly.
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The vaping tax is outrageous. £2.20 per 10ml bottle. They are adding £2.20 on 100 cigarettes to prevent people going back to smoking. A 10ml bottle is closer to 20 cigs, they are clueless.
Basically 100% tax on a product that may not even contain any nicotine.
Why would anyone use it then?
Serious question by the way, I understand that addicts need their drug, but if there is no drug why would anyone vape?
Overall I think it’s what was needed.
We need to raise tax if we want better services.
I just hope we do see that improvement.
Same as Paul I would have liked to see the big profit companies make more of a contribution especially the huge profits made by the energy companies, maybe that’s still to come at a later date.
I would have liked to see some focused spending on social care and I’m hoping to see a better plan for our aging population but again maybe that’s to come.
Let’s hope this is the start of better times.
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Hmm, I hadn’t seen that 
Sad now.
That’s put me out of the game then