2022 mini-budget discussion

sigma · 30 Sep 2022 at 07:44

robgmun said:
Yep, it's recovered all it's losses, some people made a lot of money in the last few days betting against the pound.

And it cost us all £65 billion....

...so far

Dirk Diggler · 30 Sep 2022 at 07:45

mid_gen said:
The independence of the OBR is going to be tested here, I wouldnt be surprised to hear noises from the Tories about getting rid of it.

We're just about to find out if it's full of lefties or not.

omnomnom · 30 Sep 2022 at 07:46

robgmun said:
Yep, it's recovered all it's losses, some people made a lot of money in the last few days betting against the pound.

Inc the Chancellors mates... Move along, nothing to see here.

delta0 · 30 Sep 2022 at 07:47

Chuk_Chuk said:
Finally! Hopefuly, ego's are put aside and work is done for the betterment of the country.

The mini budget also needs to survive a vote in Parliament which I expect it won’t.

mid_gen · 30 Sep 2022 at 07:50

delta0 said:
The mini budget also needs to survive a vote in Parliament which I expect it won’t.

A valid point, how many Tories are going to go on record voting for the 45p cut? It's electoral suicide.

sigma · 30 Sep 2022 at 07:52

omnomnom said:
Inc the Chancellors mates... Move along, nothing to see here.

I think people are already starting to forget this all happenend.

Time to move on etc. Positive thoughts.

Instagram generation.

Chuk_Chuk · 30 Sep 2022 at 08:03

delta0 said:
The mini budget also needs to survive a vote in Parliament which I expect it won’t.

Any idea when it goes to vote?

delta0 · 30 Sep 2022 at 08:14

Chuk_Chuk said:
Any idea when it goes to vote?

Not yet. The OBR report comes on the 7th October so probably after that.

Murphy · 30 Sep 2022 at 08:17

Chuk_Chuk said:
Any idea when it goes to vote?

When they come back from recess i assume end of October, November maybe. Basically around the time the real budget comes out and the OBR forecast to accompany it.

e: I've just looked up the exact dates: They return on October the 11th and the Budget is a month later on the 10th of November.

jpaul · 30 Sep 2022 at 08:18

? they're visiting ~~up before the head~~ the OBR today who will re-educate them -
the papers will have a field day - the cheese lady's for turning

413x · 30 Sep 2022 at 08:24

robgmun said:
Honestly, that really should be your default stance, especially if you have any kind of debt. Just spend on what you actually need without being frivolous. I've been watching my outgoings like a hawk for years so I'm not leaking money unnecessarily which is something my wife taught me when I met her. She took me from 20K in debt to 30K in savings. The only debt we have at the moment is paying off the house, seriously, managing money really needs to be taught in schools but I think the government would be wholly against this as it'll be mean people being more careful with money and not spend it.

I totally agree that money/personal finance should be taught in school. It's more important than any other subject and applies to everyone

CapitalOne · 30 Sep 2022 at 08:24

Slightly groggy this morning….so they are going to cut benefits to fund the gap from the tax cuts…no wonder Labour are 30plus points in the lead (or, for the kippers out there a billion percent)

UTmaniac · 30 Sep 2022 at 08:27

Archived Petition: Call an immediate general election to end the chaos of the current government

Call an immediate general election so that the people can decide who should lead us through the unprecedented crises threatening the UK.

petition.parliament.uk

This madness worse than Boris needs to stop, demand a General Election!

Greebo · 30 Sep 2022 at 08:28

Slam62 said:
I'm taking my pension now, I retired two years ago, they had me going for a bit, but they're no Robert Maxwell or Phillip Green

You do realise Truss's team have already said they are going back on their manifesto and removing the triple lock this year?

jonneymendoza · 30 Sep 2022 at 08:29

Greebo said:
You do realise Truss's team have already said they are going back on their manifesto and removing the triple lock this year?

Are they reversing the stamp duty saving and the ir 35?

jonneymendoza · 30 Sep 2022 at 08:30

UTmaniac said:
Archived Petition: Call an immediate general election to end the chaos of the current government

Call an immediate general election so that the people can decide who should lead us through the unprecedented crises threatening the UK.

petition.parliament.uk

This madness worse than Boris needs to stop, demand a General Election!

And then vote for torres again?

Uther · 30 Sep 2022 at 08:36

Greebo said:
You do realise Truss's team have already said they are going back on their manifesto and removing the triple lock this year?

I don't think they did that, just backtracked on the inflation rise for other benefit claiments.

Felon · 30 Sep 2022 at 08:37

413x said:
I totally agree that money/personal finance should be taught in school. It's more important than any other subject and applies to everyone

It really is,

Historically I was a complete moron with money, I just wish I’d have had some earlier education on the matter.

JamesH85 · 30 Sep 2022 at 08:43

Screeeech said:
It really is,

Historically I was a complete moron with money, I just wish I’d have had some earlier education on the matter.

Yes, it really should be taught in school.

sigma · 30 Sep 2022 at 08:44

JamesH85 said:
Yes, it really should be taught in school.

Or by parents...