O/T:- ⚠️Impressed with the leadership [The UK Party Politics Thread]

[bule1]

There are suppressed and delayed potential issues in there for me but not going to complain at the overall budget. The NI introduction level reduction for employers will hit jobs and/or wages. Not sure why energy (oil) companies were not hit in it unless there is a one off hit coming elsewhere. Again though overall well balanced

[Elite_Pie]

From a purely laymans point of view that budget seems to me to be a balanced well thought out approach to the mess we appear to be in. Time will tell of course (and various differing opinions on here).

I thought similar, I was expecting worse so it depends on how you think the Tories left the economy. If you think Labour inherited a mess then it's a good first step, if you think the black hole is a lie you'll think differently.

[bule1]

I thought similar, I was expecting worse so it depends on how you think the Tories left the economy. If you think Labour inherited a mess then it's a good first step, if you think the black hole is a lie you'll think differently.

In truth I think there was a black hole left by the Tories but heck have Labour widened or exaggerated it at the same time.

[Old_pie]

I thought similar, I was expecting worse so it depends on how you think the Tories left the economy. If you think Labour inherited a mess then it's a good first step, if you think the black hole is a lie you'll think differently.

I'm struggling to see where the growth is going to come from to fill the black hole. If the borrowed money doesn't get spent efficiently there will be a bigger black hole. Markets are not spooked and Farage and me are looking forward to the tax reduction on a proper pint though no doubt pubs will still have to put up their prices to cover their increased costs.

The new Office for Value for Money chair's first job should be to sack himself for failing to deliver VfM in the shape of HS2. I can imagine the derision on here from many had the tories created that office

[BigFatPie]

I’ve seen some figures that say it’s only the top 10% of wealth/incomes that will be worse through budget measures. Of course if you voted for Brexit you still have to accept that sovereignty’ needs paying for.

[magpie_mania]

I’ve seen some figures that say it’s only the top 10% of wealth/incomes that will be worse through budget measures. Of course if you voted for Brexit you still have to accept that sovereignty’ needs paying for.

There are two sides though. While income may not be reduced for most, expenditure will increase. The hike in NI for employers will raise the cost of goods.

That said, it wasn’t as bad as I thought it might be. I do wonder though if there is more to come.

[OchPie]

Not sure why energy (oil) companies were not hit in it unless there is a one off hit coming elsewhere.

The energy windfall tax went up from 35% to 38%.

Feel sorry for all the commentators sure this would be the most disastrous and inept budget of all time. Criticising someone for what you think they will do based on your own preconceptions and not what they actually do rarely turns out well.

You can quibble the details with any budget but it was a solid Labour budget, full of things the Tories would never do - and how angry that made them.

[LincsPie]

The energy windfall tax went up from 35% to 38%.

Feel sorry for all the commentators sure this would be the most disastrous and inept budget of all time. Criticising someone for what you think they will do based on your own preconceptions and not what they actually do rarely turns out well.

You can quibble the details with any budget but it was a solid Labour budget, full of things the Tories would never do - and how angry that made them.

No doubt some of those commentators were 'briefed' by those 'in the know' in the Westminster wine bars that reduced ISA limits, tax reliefs for higher taxpayers etc. were 'all on the table' but now those 'bad' things didn't come to fruition the perception is the budget 'wasn't so bad after all'. Smoke and mirrors as with all flavours of politicians.

[forwardmagpie]

The energy windfall tax went up from 35% to 38%.

Feel sorry for all the commentators sure this would be the most disastrous and inept budget of all time. Criticising someone for what you think they will do based on your own preconceptions and not what they actually do rarely turns out well.

You can quibble the details with any budget but it was a solid Labour budget, full of things the Tories would never do - and how angry that made them.

Yes who would have predicted a tax and spend budget from a labour government. If there is good growth (which I doubt) it may work if not it is a very risky gamble.

[OchPie]

Yes who would have predicted a tax and spend budget from a labour government. If there is good growth (which I doubt) it may work if not it is a very risky gamble.

Some of the changes made definitely won't show fruit over the course of the next parliament, but were still important.

Unfortunately I think the UK is going to struggle for growth too. But there's a lot that needs fixed before the UK is in any kind of shape for sustained growth. The budget was a small step in the right direction for that, but you can't solve a decade and a half of turning the UK to **** in a few months.