2022 mini-budget discussion

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Can only hope that the population see sense and get rid of the Tories at the next election... How effective the right wing press and populist propaganda from politicians has been in the past makes me nervous though.

The amount of harm that has done and will be done over the next two years is so depressing. It means there will be even more work to reverse the country's trajectory, and that will be a difficult process. Country is being asset stripped and debt heaped on the taxpayer for the benefit of very small numbers of wealthy people. Although on the other hand maybe it will actually give the opposition enough momentum to enact some major reforms like Gordon Brown's report proposes... In the long run major systemic reforms are vital if we want the possibility of a better future for Britain.

I don't think I've ever actually felt like this before, but if Tories do win again next time I think I will genuinely be trying to leave the UK - just don't see any positive future if it continues down this track and more and more of the good things about Britain get eroded away. Brexit makes moving to Europe hard, but moving to Scotland prior to them separating from the UK will be an easy enough way to leave the UK by default :p. I'm wondering about moving to Scotland already tbh, it's a nice place and not nearly as captured by the Tory press as most of England is...
 
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Wow, scrapping the bankers bonus caps because apparently there is nothing wrong with receiving multiple times your salary as a bonus when it is already insanely high. Taxing the wealthy less so that it trickles down to us poors? Yeah right. They will just sit on the money or invest in other wealthy people.

Society is a pyramid scheme.
 
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Frenzy said:
Wow, scrapping the bankers bonus caps because apparently there is nothing wrong with receiving multiple times your salary as a bonus when it is already insanely high. Taxing the wealthy less so that it trickles down to us poors? Yeah right. They will just sit on the money or invest in other wealthy people.

Society is a pyramid scheme.
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The thing is I have several friends in banking and they were all just getting given shares to top up their bonus above the cap anyway.
 
Besty said:
I don't post in this area of the forum, for obvious reasons but as an 'older head' in the forums I will say that people earning 150k and over have been unfairly vilified as being 'rich' for too long. It's the peeps earning over a million a year that have no worries about money.

Yes, these cuts seem enormous, its worth about 30k-40k per year to me and the missus but we will most likely just save the money, these taxes should not have been implemented in the first place, by previous conservatives governments.

This is now a proper conservative administration, implementing what we (Tory voters) expect from our party. And no, I won't be buying a 4090.
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Saving the money and as such contributing nothing extra to economic activity.

Also the reason "people earning 150k and over have been unfairly vilified as being 'rich'" is because they are "rich" when you compare them to the average earnings in the UK of £26k.
 
mid_gen said:
There's nothing Conservative about this budget. They have just raided the magic money tree to an extent that would have made Corbyn blush.

Completely undermined any last shred of fiscal competence.
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I'm referring to the Bank bonus cap removal and the income tax changes that are being commented on in this thread, I doubt very much Corbyn would do either.
 
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