Thoughts?
- Good
- Meh
- Gah!
0
voters
Listening to Badenoch, what a clown.
8 Likes
The pension salary sacrifice limit is annoying, but at least it doesn’t kick in until 2029.
So wooden that she sounds like the Sat Nav voice that you try for 10 minutes before booting it into the bin and replacing it with Arnold Schwarzenegger.
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5 Likes
The main tax rise is again fiscal creep which seems like the coward’s way out but Olan would have more insight into the longer term issues with that.
Obviously, ditching the two-child benefit cap is good news.
Haven’t quite sussed the practicalities of this yet. Will the impact be more on employers - need some worked examples.
But we might be going to gigs in retirement by then 
I think the main change is NI will need to be paid. AIUI, the pension tax relief will still be there but because there won’t be a reduction in salary, NI will be payable.
1 Like
After the tories selling off the family silver and raping public/national services and benefit payments, someone has to pay for the hopeful reinstatement. We got fuck all from austerity apart from lining some wealthy pockets and I’d rather pay a bit more to a Labour government than an I’m all right tory self serving institution. If we want it, we have to pay for it, regardless of whose unrepentant fault it was. If the tories implode fully and Farage and reform choke on their own bile, I’d be happy.
7 Likes
There was a budget today? bloody hell they kept that quiet.
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Well, everyone except the OBR did. If ever an organisation was mis-named. 
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First step to scrapping cash ISAs and forcing everyone onto investment ISAs.
Want a low risk investment/savings option, fuck off we want your money as we’re fucking useless at promoting growth.
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So when Donald decides it’s been 6 weeks since he last tanked it and his mates are crying out for another opportunity to short stuff, it’ll be you that gets burned and not the city institutions.
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The impact on the rental sector will be interesting. Will the latest changes in the round see more sole trader landlords continuing to sell up and see those assets hoovered up by the larger corporations?
Got a Reform mailout today. Coincidence or…? Don’t know what it said, immediately filed in Burn Before Reading folder.
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Impressed that they’ve found someone who can use a computer tbh.
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Salary sacrifice thing depends on if you work for a nice employer, my old firm paid me the employers NI that they didn’t have to pay as it was sacrifice, not all do but when they do it’s a decent bung
So gov will take that now from the nice ones and the less nice who didn’t pass the saving on to employees
Might be wrong but that was my take on it
1 Like
To give some perspective
You pay £100 in tax to the government. This is where it gets spent.
Immigration and asylum spending is not a standalone category in the Treasury’s headline figures. Instead, it sits within the Home Office budget, which is grouped under Public order & safety (£7 out of £100).
In 2023–24, the UK spent about £4.7 billion on asylum support, mainly housing asylum seekers in hotels. This represents less than 0.5% of total government spending — so if you paid £100 in taxes, only about 50p would go to asylum and immigration support.
The costs are spread across:
• Public order & safety: Border enforcement, immigration tribunals, and Home Office operations.
• Housing & environment: Temporary housing and accommodation for asylum seekers.
• Welfare: Limited support services accessed by eligible individuals.
If you were to believe the frenzied reporting of much of the media you might think the cost to the state of immigration was running at 30-40% of the total rather than a fraction of 1%.
3 Likes
Unsure why pensioners, with more than 12k to save each year, have been spared the cash isa limit reduction working people are being subjected to.
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Lol it’s because they vote
3 Likes
No shit.
1 Like