Spring Budget 2023

[Azza]

https://twitter.com/x/status/1635998914292727810

 

[thenewoc]

So massive tax cut (or top up depending on how you phrase it) for those that can afford to put more than £40k a year into their pensions. Whilst basic rate tax payers only get a 25% top up.

Getting rid of lifetime allowance made sense, but allowing very high earner to save a further 42% (or 70% topup) on 20k of income is silly.

Doesn't make sense for the economy as the wealthy won't be spending, they'll be squirreling funds away into their pension.

 

[Uther]

What's the childcare upfront bit for people on UC?

• Families on universal credit to receive childcare support up front instead of in arrears, with the £646-a-month per child cap raised to £951

 

[Diddums]

Maybe we should pop out a few kids and sign on, seems to be quite lucrative.

 

[robfosters]

Does anyone know where I can find this white paper about the disability reforms?

 

[EddScott]

Doesn't make sense for the economy as the wealthy won't be spending, they'll be squirreling funds away into their pension.

To later spend in the economy once they retire.

 

[squerble]

To later spend in the economy once they retire.

They'll spend it in foreign economies on their cruises and winter breaks though....

 

[Uther]

Does anyone know where I can find this white paper about the disability reforms?

Wonder if they plan to re assess everyone. It's not what you can't do, it's what you can do now...

 

[Uther]

Anyway @Rilot, @robfosters

Spring Budget 2023 factsheet – Disability White Paper

www.gov.uk

 

[robfosters]

Wonder if they plan to re assess everyone. It's not what you can't do, it's what you can do now...

I think it could boil down to which group you’re in on UC or ESA.

If you’re in the work related group, you’re in their sights, but people in the support group will be left alone as it’s medically accepted that they are completely unable to do any kind of job.

 

[dlockers]

Does anyone know where I can find this white paper about the disability reforms?

Did you not plan ahead?

 

[ChrisD.]

30 hours and from 9 months seems like a decent change to me.

It doesn't start until next April, and then it's staggered.

 

[EddScott]

They'll spend it in foreign economies on their cruises and winter breaks though....

Because that's all wealthy retiries do isn't it?

 

[SKILL]

Because that's all wealthy retiries do isn't it?

Yep, well those that don't move entirely to Southern France/Spain/Florida

 

[Azza]

Brilliant. Massive amount of people returning to the workforce.

https://twitter.com/x/status/1636005213176725506

 

[Deleted User 234324]

It doesn't start until next April, and then it's staggered.

So you got plenty of time to get making babies then.

 

[Uther]

I think it could boil down to which group you’re in on UC or ESA.

If you’re in the work related group, you’re in their sights, but people in the support group will be left alone as it’s medically accepted that they are completely unable to do any kind of job.

Reading the white paper it needs primary legislation anyway, so won't be until the next parliament...

 

[Rilot]

Does anyone know where I can find this white paper about the disability reforms?

I would very much like to see this too.
I'm guessing it will be the axe for PIP and other non-means-tested benefits.

Edit: I was wrong. It all falls under the PIP assessment. That will be fun for those who haven't been through that before. It's a joyous process.

 

[robfosters]

Did you not plan ahead?

That doesn’t even make sense. A poor attempt at a retort. Must do better.

 

[Uther]

I would very much like to see this too.
I'm guessing it will be the axe for PIP and other non-means-tested benefits.

Just posted the white paper above. #309