Re: Budget
 

I'll take my beating :D

Re: Budget
 

How can you squirrel £60bn away if you're £1trillion in debt? I guess it's a bit like taking money out on a credit card and investing it in a savings account!

Re: Budget
 

Smokers got hammered again, and this time by a variation in the way tobacco is taxed... now by "minimum price". It'll be alcohol next.

All the usual sites said "no increases for alcohol" but those taxes are indexed so happen anyway, they don't need to be announced in the budget.

Re: Budget
 

Re: Budget
 

Budget seems good to me, increased money for social care, a tax rise to fund it and some cuts to perks pensioners get.

Yet the press's reaction to a minor tax increase is pathetic, how do they expect things to be funded?

I will happily pay the tax increase which I am affected by.

Re: Budget
 

The NI thing is about closing a tax loophole. For the most part we are not talking about entrepreneurs in any sense of the word. They are mostly doing the same sort of work that employees are doing. If you are going to benefit from NI contributions in the same way as employees, expect to pay the same rates.

Re: Budget
 

Like I said I am affected and have no issue with it. :)

But you can bet there is people out there throwing a fit over this.

Re: Budget
 

Yes most of them Tory 'Daily Mail' voters, which make it all the more funny :D The same voters who expect the health service to keep delivering with increased demand, but still expect nothing but tax cuts.
tbf it was Dave who said no tax rises, not Phil, who is now my hero ;)

Re: Budget
 

Self employed people do not benefit in the same way as employees. We don't get statutory sick pay. Employees do. We don't get maternity/paternity leave. We receive less from the system so it is entirely fair that we pay less in, at least as long as we're going to continue the fiction that we are actually paying in to an insurance scheme, which we're not, really. It's just income tax by other means.

Re: Budget
 

They charge more than employees are paid. That is meant to cover the other employee benefits. The longer term plans are to try and implement those other NI benefits for the self-employed. The new self-employed entitlement to state pension is now, not in 30-40 years time.
Paying out £7,720 to get £37,500 still seems a good deal for the self-employed.

Re: Budget
 

I think it might be a vote loser..

Re: Budget
 

Well looking at it this morning they are delaying it until the Autumn after a rebellion by senior Conservatives, including a government minister.

Re: Budget
 

The election is ages away so they aren't bothered. Manifesto's from all parties are irrelevant once they've been elected.

tbh it's telling to see these Tory MP's going mad over a few pence rise in tax. If only they could get so irate about the state of the Health Service, or funding in Schools. Silly me, forgot, none of them use the NHS, or send their kids to state schools. All they are interested are in tax cuts for themselves, which the plebs should fund.

Re: Budget
 

Well it will affect my daughter..she had to give up a 9-5 job due to debilitating migraine attacks.She has taken up working from home as a writers assistant and so had to go self employed so she could earn around around the attacks..So not all self employed are selfish **** avoiding paying their way...

Re: Budget
 

Let see, shall we?

No one knows, including the EU, what will happen in the Brexit negotiations.

A lot of pessimism around, but how about a bit of optimism instead?

Unless there's dire hard EU loving fanatics here, which I don't think there are, leaving the EU was the right decision. Even a okay-ish deal will put us in a better position long term than the EU. (and yes I do expect there to be some pain soon, but it will pass.)