Budget 2018

Anyone got a calculator handy for the new tax income thresholds? My rent's just gone up by £50pcm so wondering how close I'll get to covering that (I love wages falling behind living costs for 5+ years, it's awesome). Is the NI UEL changing in line aswell?
 
Not a bad budget, increase to personal allowance and frozen fuel duty should benefit millions with quite a bit extra cash.
Just so long as they don't need any public services provided by their local council.

Which, in case you aren't aware, are increasingly on the brink of collapse.

And hopefully they don't need too much NHS care, either. But hey, now they can afford Netflix *and* Amazon Prime. :p
 
Nice to finally see the ideological end of cutting our way out of trouble and eliminating the deficit, we're going back to spending our way forward to stimulate the economy....magic money tree anyone? ;)
 
Anyone got a calculator handy for the new tax income thresholds? My rent's just gone up by £50pcm so wondering how close I'll get to covering that (I love wages falling behind living costs for 5+ years, it's awesome). Is the NI UEL changing in line aswell?

Did it myself, an extra £11 a month in my pocket. Great. GL HF.
 
Did it myself, an extra £11 a month in my pocket. Great. GL HF.

Presumably you will also have a pay rise for cost of living from your employer, the tax allowance is not intended to be the whole contributor to the cost of living?
 
Just so long as they don't need any public services provided by their local council.

Which, in case you aren't aware, are increasingly on the brink of collapse.

And hopefully they don't need too much NHS care, either. But hey, now they can afford Netflix *and* Amazon Prime. :p

Public services are a massive black hole, you could literally have an infinite pot of money and it still wouldn't be enough.

There's so many inefficiencies in the NHS for example that they could save billions by stripping out lots of middle management.
 
Heh, initial analysis of the detail is that overall Govt spending is only just increasing, with only the NHS getting any significant increase and the £6 Bn welfare cuts are still in place.

So yea, it's not a budget squeeze, but overall it's a minimal increase in Govt spending and not a spending bonanza. Spreadsheet Phil's prudent budget.

But it's sounding if there's a 'no deal' then the new budget would actually be more loose, with far more spending, I guess to prop up the economy ala the 2008 crash rather than an austerity one. So expect the deficit to rocket again if that happens.
 
Public services are a massive black hole, you could literally have an infinite pot of money and it still wouldn't be enough.

There's so many inefficiencies in the NHS for example that they could save billions by stripping out lots of middle management.
Well we'll soon get to see a world where local gov is run by Capita or somesuch :p Year-on-year local gov cuts are still ongoing, despite the "end to austerity". Ours has to save a further £30 million next year...

These people won't be better off either, since they'll be out of work...

https://www.lgcplus.com/politics/fi...-in-response-to-77m-shortfall/7026030.article

Cornwall Council is to discuss axeing 400 jobs as it continues to seek ways to save £77m over the coming four years.

A proposed “workforce reduction”, equivalent to 388 full-time employees, is outlined in a reportto go before cabinet on Wednesday.

This number may, however, reduce to 167 following a series of “mitigations”, including a reduction in spending on agency staff.

This comes after LGC research revealed how councils have collectively spent almost £4bn making 223,000 staff redundant since 2010.
 
Heh, initial analysis of the detail is that overall Govt spending is only just increasing, with only the NHS getting any significant increase and the £6 Bn welfare cuts are still in place.

So yea, it's not a budget squeeze, but overall it's a minimal increase in Govt spending and not a spending bonanza. Spreadsheet Phil's prudent budget.

But it's sounding if there's a 'no deal' then the new budget would actually be more loose, with far more spending, I guess to prop up the economy ala the 2008 crash rather than an austerity one. So expect the deficit to rocket again if that happens.

Which would annihilate the last 8 years of pitiful budgets, it's immensely humourless.
 
Nice to finally see the ideological end of cutting our way out of trouble and eliminating the deficit, we're going back to spending our way forward to stimulate the economy....magic money tree anyone? ;)

Quite, they're would be riots on this forum is this came from John McDonnell :p.
 
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