Spring Budget 2023
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Soldato
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Ahem, pro economic competency rant Mr Truss
Soldato
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useful thread for discovering ppl to add to Ignore list
Soldato
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Indeed 
Budget 2023: Chancellor to promise 30 hours of childcare a week for one and two-year-olds
Jeremy Hunt is expected to make the announcement of a £4bn expansion of childcare for one and two-year-olds, funding a plan that would provide 30 hours a week to parents, Sky News understands.
LTA increase has been rumoured for at least a month. The change from a throwaway concession to "keep working" is new to me though.
I hope he raises the Annual Allowance but that might be counter intutive to wanting folk to keep working. If I can put more in quicker, I can finish earlier etc.
I hope he raises the Annual Allowance but that might be counter intutive to wanting folk to keep working. If I can put more in quicker, I can finish earlier etc.
I know what it's about but what a lot of people will see it as is a tax cut for the wealthier retirees who can now get an even bigger pension income compared to someone that cannot even fathom being able to run up a pension pot of £1m+
Where will the extra government income from the current tax rules come from when this is increased?
It's going to be interesting to see how many companies take on sick people that could well need all sorts of random time off when they're ill.
Hence why I think it will be more about cutting benefits/sanctions than wanting sick and disabled people to fill ever decreasing job roles.
I'm not sure people should be applauding the pension age going up and up either.
True, look across the Channel and you see protests because they're suggesting raising retirement age from 62 to 64.
Sounds like another flip flop on the lifetime allowance. How are people supposed to plan for retirement over 30-40 years if the tax rules keep changing every few years?
If they are going to touch pensions they should reduce of the significant discrepancy between how the lifetime allowance applies to DB schemes vs DC schemes. Also if they are focused on growth they should remove the personal allowance forfeiture at £100k - why would anyone earning around this amount work harder for a bigger bonus/payrise if they are going to lose 62% it in tax. I can't see either of these points being resolved though.
If they are going to touch pensions they should reduce of the significant discrepancy between how the lifetime allowance applies to DB schemes vs DC schemes. Also if they are focused on growth they should remove the personal allowance forfeiture at £100k - why would anyone earning around this amount work harder for a bigger bonus/payrise if they are going to lose 62% it in tax. I can't see either of these points being resolved though.
Soldato
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I am not 'rich' I had to pay several thousands extra in tax last year due to breaking annual allowance, on a government career average scheme, due to their made up ******** terms for start values and end values and various other tossed about inflation amounts dictated by separate months of the year for the same equation. This year and indeed next year will be utterly awful if rules are not changed, and it will likely make me quit 50% of my NHS workload as a result. If they do nothing, they will lose sessions of NHS workforce, not overall numbers, but capacity will drop through the floor, why would i bother to do any extra NHS sessions to know come the end of the yea I'll get a delightful little surprise punishment, and potentially a punishment on lifetime allowance at the end of the whole bloody mess.
High chances of that happening unfortunately as the alternatives look weak.
Caporegime
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Budget 2023: Chancellor to promise 30 hours of childcare a week for one and two-year-olds
Jeremy Hunt is expected to make the announcement of a £4bn expansion of childcare for one and two-year-olds, funding a plan that would provide 30 hours a week to parents, Sky News understands.news.sky.com
Why can't they just increase paternity instead like other nations? 30 hours a week is 6 hours a day. Plus you will only get it for 38 weeks a year. No one has a 6 hour job in full time employment that can take off school holidays so will still have to pay for childcare costs if you work a full time job.
A mother needs a good year at least with the child on full pay. Not a token gesture like this.
Cannot wait for the general election to come. Tory's know their time is up and feeding this rubbish like the commoners will lap it up. Problem is it isn't the 1930's and this propaganda doesn't wash.
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it would be, after I've struggled like hell with my son for the last couple of years who is going to turn 3 in the next month.Budget 2023: Chancellor to promise 30 hours of childcare a week for one and two-year-olds
Jeremy Hunt is expected to make the announcement of a £4bn expansion of childcare for one and two-year-olds, funding a plan that would provide 30 hours a week to parents, Sky News understands.
Caporegime
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Same my son turned 3 in September and couldn't start Nursery till the next term in September. Same thing happened with our daughter twice. 15 hours went to 30 just as she finished Nursery and free dinners for key stage 1 children started just as she went into key stage 2!
I think the timing of the free hours should adjusted too. Ours were born in April and May so both had to wait until the September after and then had three terms worth. If your child is born in September - December you get 5 terms worth of support starting in January. Doesn't make any sense.
Like most UK systems they've been constantly bodged over the years rather than being overhauled and sorted properly.
The Tories have been farting in people's faces these past few years. Unfortunately when Labour gets in next, they're about to **** all over their faces.