Autumn Budget 2015

Cleisthenes · 25 Nov 2015 at 14:01

Tunney said:
Crime has been falling for a long time now, even through the recession. If there's less crime happening, there's less need for law enforcement.

It would be great to keep spending up but the money is better spent elsewhere.

Giving current goings on I think it would be a huge negative for many voters to not increase spending on defence.

davisdavid · 25 Nov 2015 at 14:02

platypus said:
I'm more confused by the notion you seem to be implying: that pensioners should be exempt from all cuts.

Where do you think all the bloody wealth in this country is tied up?

Absolutely at no point did I suggest they should be exempt from cuts, the issue is I don't see why people who have worked their entire lives should end up paying for those that refuse to work or those that reproduce like rabbits. Crossed wires somewhere - I'm not against cuts to pensions, I'm against the people that grafted to enjoy their twilight years having their enjoyment cut into by having to fund the benefit system

Cosimo said:
John MakeitupDonnell...

"There's barely been a target the chancellor has set that he hasn't missed," John McDonnell says.

"After five years the deficit has not been eliminated," he adds.

I wonder if he means the deficit Labour left. 'There's no money left.' :eek:

RavenXXX2 said:
His sums don't add up, spiv chancellor all spin no actual detail.

Please do divulge your economic insight.

Sliver · 25 Nov 2015 at 14:03

Cyanide said:
If crime is falling doesn't it make sense to keep law enforcement at the same levels to help keep the drop in crime going?

One would think so, but you know how Tory Boys like to treat public sector investments. Cuts !

Tunney · 25 Nov 2015 at 14:04

Cyanide said:
If crime is falling doesn't it make sense to keep law enforcement at the same levels to help keep the drop in crime going?

If we had an unlimited budget, yes. When other departments are looking at 40% budget cuts, it doesn't make sense though.

Chris1712 · 25 Nov 2015 at 14:04

Thompson_NCL said:
No. Tax credits will still be scrapped, just in a more gentle manner.

Is that a prediction or what was actually said? All it says on BBC is 'Planned £4.4bn in tax credit cuts to be abandoned, with taper and threshold rates for working tax credits and child tax credits remaining the same'

Sliver · 25 Nov 2015 at 14:04

Cleisthenes said:
Giving current goings on I think it would be a huge negative for many voters to not increase spending on defence.

Indeed. This is not something we should be myopic about.

Maundie · 25 Nov 2015 at 14:05

Eurofighter said:
I like the tax on BTL homes. We need to build a lot more houses to get prices down. But I feel that all these people with multiple houses aren't helping. Good idea.

I completely agree, all BTLs should be subject to a higher tax to stop it now, there is a massive shortage on housing and these people are buying up the 'affordable' places for 1st time buyers.

Cyanide · 25 Nov 2015 at 14:06

Tunney said:
If we had an unlimited budget, yes. The money is better spent on health and education though.

The NHS needs to get its act together before we chuck more money at at. As much as I love the NHS it's an absolute money pit at the moment and we can't just keep throwing money at it in the hope that it eventually sorts itself out.

danielanthony · 25 Nov 2015 at 14:06

Cyanide said:
The overwhelming opinion here seems to be the Daily Mail view of "tax credits = scrounger" unless proven otherwise.

I fail to see how the Government can increase the wages of those not currently on minimum wage but are earning less than the national average. The only way around it without the tax credits system is an income tax cut but that's not going to happen any time soon.

Everyone working should be getting the minimum wage, that is a legal requirement.

Working the minimum 16h(+8h) @ £9ph + increased tax-free allowance + increases in free childcare should be greater than the current handout from WORKING tax credits. CHILD tax credits are unaffected.

The Daily Mail isn't a good example of quality journalism, plus some posters on here aren't worth listening to.

platypus · 25 Nov 2015 at 14:07

davisdavid said:
Absolutely at no point did I suggest they should be exempt from cuts, the issue is I don't see why people who have worked their entire lives should end up paying for those that refuse to work or those that reproduce like rabbits. Crossed wires somewhere - I'm not against cuts to pensions, I'm against the people that grafted to enjoy their twilight years having their enjoyment cut into by having to fund the benefit system

Ah I see, in which case I have inferred something incorrectly. Sorry!

Sliver · 25 Nov 2015 at 14:08

danielanthony said:
The Daily Mail isn't a good example of quality journalism.

That's a point you didn't need to make !

danielanthony · 25 Nov 2015 at 14:10

Don't forget folks, the full details are only just being released, the full spectrum of changes were not part of his speech.

Expect the more controversial changes to be highlighted over the next couple of days.

Cleisthenes · 25 Nov 2015 at 14:11

danielanthony said:
...plus some posters on here aren't worth listening to.

Ah, that danielanthony... I've heard bad things....

RavenXXX2 · 25 Nov 2015 at 14:12

Well done Jezzer!

But I now expect Gidiot will now look for a way of hitting the poor via some other way that was NOT mentioned during the general election campaign...

George Hincapie · 25 Nov 2015 at 14:14

Liefrich said:
Perhaps you need to learn your history.

Perhaps you need to be less patronising.

danielanthony · 25 Nov 2015 at 14:14

Cleisthenes said:
Ah, that danielanthony... I've heard bad things....

I include myself in that list!

Freakbro · 25 Nov 2015 at 14:15

Glad to see the scrapping of the tax credit cuts, especially the child tax credit portion, as Nursery fees are going to rocket over the next few years and it was going to put a monumental strain on working families with children.

Cyanide · 25 Nov 2015 at 14:15

danielanthony said:
Everyone working should be getting the minimum wage, that is a legal requirement.

Working the minimum 16h(+8h) @ £9ph + increased tax-free allowance + increases in free childcare should be greater than the current handout from WORKING tax credits. CHILD tax credits are unaffected.

The Daily Mail isn't a good example of quality journalism, plus some posters on here aren't worth listening to.

Free childcare doesn't come in until the term after your child's 3rd birthday unless you're on income support or other means tested benefits.

Minimum wage won't be £9/hr until 2020, by which time childcare providers (and I imagine loads of other businesses) will have bumped prices even more to compensate.

An increase in minimum wage doesn't help you if you currently earn more than the minimum. There seems to be a void in policy and statistics for people in the category between minimum wage and national average (~£26k)

danielanthony · 25 Nov 2015 at 14:17

Freakbro said:
Glad to see the scrapping of the tax credit cuts, especially the child tax credit portion, as Nursery fees are going to rocket over the next few years and it was going to put a monumental strain on working families with children.

Only working tax credits were going to be cut. Child tax credits were unaffected.

There will also be 30h free child care coming in at some point, up from the current 15h.

Mr Jack · 25 Nov 2015 at 14:18

The OBR forecasts are looking even more optimistic than usual. When the latest deficit figures are sharply worse than expected how can they still expect the deficit to outperform their previous figures?