Chancellor delivers plan for stability, growth and public services
17-11-2022, 12:37
|
#1
|
Born again teenager.
Join Date: Feb 2007
Location: Manchester. (VM area 20)
Age: 76
Services: Maxit TV, M250 Fibre BB.
Phone-Anytime Chatter
Posts: 13,736
|
Chancellor delivers plan for stability, growth and public services
Quote:
snippet....
Chancellor unveils a plan for stability, growth, and public services.
Tackling inflation is top of the priority list to stop it eating into paycheques and savings, and disrupting business growth plans.
To protect the most vulnerable the Chancellor unveiled £26 billion of support for the cost of living including continued energy support, as well as 10.1% rises in benefits and the State Pension and the largest ever cash increase in the National Living Wage.
Necessary and fair tax changes will raise around £25 billion, including an increase in the Energy Profits Levy and a new tax on the extraordinary profits of electricity generators.
Decisions on spending set to save £30 billion whilst NHS and Social Care get access to £8 billion and schools get an additional £2.3 billion reflecting people’s priorities. -To deliver prosperity, he’s also committed to infrastructure projects including Sizewell C and Northern Powerhouse Rail, along with protecting the £20 billion R&D budget.
|
https://www.gov.uk/government/news/c...ublic-services
__________________
"I intend to live forever, or die trying" - Groucho Marx..... "but whilst I do I shall do so disgracefully." Jo Glynne
|
|
|
17-11-2022, 12:52
|
#2
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,340
|
Re: Chancellor delivers plan for stability, growth and public services
From Paul Johnson, Director of the Institute for Fiscal Studies
Quote:
Simply staggering numbers in OBR report. Real Household Disposable Income per person to fall more than 7% over next two years. Biggest fall on record. Taking incomes down to 2013 levels.
More remarkable OBR numbers. Tax hitting record levels as a fraction of national income
Interest spending going through the roof. Responsible for most of the deterioration in public finances. High interest rates, high borrowing, high inflation, and huge amounts of debt held by Bank of England, cost us very dear.
|
https://twitter.com/PJTheEconomist
|
|
|
17-11-2022, 13:25
|
#3
|
cf.mega poster
Join Date: Jun 2010
Location: Jarrow Tyne & Wear
Services: V.I.P 120 tivo and v+
Posts: 5,813
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by 1andrew1
|
Britain cant afford a tory government tories now lost all claims to be party of fiscal competence
|
|
|
17-11-2022, 14:06
|
#4
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,896
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Dave42
Britain cant afford a tory government tories now lost all claims to be party of fiscal competence
|
Right, because Labour are always so much better at it.
The rise in the energy cap (£2500 to £3000) wasnt as bad as I had feared.
The tax rises are not really rises as such, just a freeze on the current 'free' levels.
Taking incomes down to 2013 levels ?
Dont really understand what that means ?
My income will still be higher than 9 years ago.
[ My expenditure will be higher though ]
__________________
Baby, I was born this way.
|
|
|
17-11-2022, 14:20
|
#5
|
Architect of Ideas
Join Date: Dec 2004
Posts: 10,504
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Paul
Right, because Labour are always so much better at it.
The rise in the energy cap (£2500 to £3000) wasnt as bad as I had feared.
The tax rises are not really rises as such, just a freeze on the current 'free' levels.
Taking incomes down to 2013 levels ?
Dont really understand what that means ?
My income will still be higher than 9 years ago.
[ My expenditure will be higher though ]
|
It means you lose more in your last sentence in the square brackets than you gain in the one before
|
|
|
17-11-2022, 14:35
|
#6
|
-.- ..- .-. ... -.-
Join Date: Mar 2008
Posts: 2,855
|
Re: Chancellor delivers plan for stability, growth and public services
Well, baby boomers are golden: a 10% increase in the state pension; the energy price guarantee; the energy bills support scheme; the winter fuel payment and the pensioner cost of living payment.
Labour aren't a shoe-in by any means
|
|
|
17-11-2022, 14:43
|
#7
|
Just a Geek
Join Date: Jul 2015
Posts: 3,657
|
Re: Chancellor delivers plan for stability, growth and public services
£900 cost of living support April to March I believe.
https://www.gov.uk/government/public...port-factsheet
__________________
Is your muffin buttered? Would you like me to assign someone to butter your muffin?
|
|
|
17-11-2022, 15:56
|
#8
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,896
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Kursk
Well, baby boomers are golden: a 10% increase in the state pension; the energy price guarantee; the energy bills support scheme; the winter fuel payment and the pensioner cost of living payment.
Labour aren't a shoe-in by any means
|
Once again complete BS about 'baby boomers'.
A 10% increase in pension is meaningless if you dont get it until 2029 (or later).
Getting really tired of these ill informed comments, and in future they will be removed.
__________________
Baby, I was born this way.
|
|
|
17-11-2022, 16:41
|
#9
|
laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,264
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Kursk
Well, baby boomers are golden: a 10% increase in the state pension; the energy price guarantee; the energy bills support scheme; the winter fuel payment and the pensioner cost of living payment.
Labour aren't a shoe-in by any means
|
I’m in the cohort you mention -
10% increase in the state pension - just qualified for State Pension, so next April I will get £18 more per week; better than a poke in the eye with a sharp stick, but not exactly "golden"…
energy price guarantee - everyone gets this, not just "baby boomers"
the energy bills support scheme - everyone gets this, not just "baby boomers"
the winter fuel payment - not eligible this year
pensioner cost of living payment - not eligible
So, from this budget, the only difference between me and everyone else will be £18 per week in six months time - "golden"?
Perhaps "one size fits all" generalisations may not be as accurate as you may believe…
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
|
|
|
17-11-2022, 17:14
|
#10
|
Sulking in the Corner
Join Date: Jul 2009
Location: RG41
Services: 1 Gbps; Hub 4 MM; ASUS RT-AX88U; Ultimate VOLT. BT Infinity2; Devolo 1200AV
Posts: 11,955
|
Re: Chancellor delivers plan for stability, growth and public services
Buried in the OBR report §61
https://obr.uk/docs/dlm_uploads/CCS0...ACCESSIBLE.pdf
Quote:
The planned 23 per cent increase in the fuel duty rate in late-March 2023, which adds £5.7 billon to receipts next year. This would be a record cash increase, and the first
time any Government has raised fuel duty rates in cash terms since 1 January 2011. It
is expected to raise the price of petrol and diesel by around 12 pence a litre.
|
Did the Chancellor mention this?
__________________
Seph.
My advice is at your risk.
|
|
|
17-11-2022, 17:29
|
#11
|
laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,264
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Sephiroth
|
Apparently not…
https://www.forbes.com/sites/carlton...h=216229072ee7
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
|
|
|
17-11-2022, 17:30
|
#12
|
cf.geek
Join Date: Sep 2022
Posts: 652
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Paul
The tax rises are not really rises as such, just a freeze on the current 'free' levels.
|
If you earn £125,540 (funny number, wondered why?) you lose ALL free allowances.
Anyone between £100,000 -125,540, loses £1 free allowance for every £2 above £100,000.
If you are between £125,540-150,000, extra 5% tax.
|
|
|
17-11-2022, 18:07
|
#13
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,896
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Ms NTL
If you earn £125,540 (funny number, wondered why?) you lose ALL free allowances.
|
Im not going to worry about that, ever.
__________________
Baby, I was born this way.
|
|
|
17-11-2022, 18:36
|
#14
|
The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,090
|
Re: Chancellor delivers plan for stability, growth and public services
Which bit, is the growth bit?
__________________
The wheel's still turning but the hamsters dead.
|
|
|
17-11-2022, 19:08
|
#15
|
-.- ..- .-. ... -.-
Join Date: Mar 2008
Posts: 2,855
|
Re: Chancellor delivers plan for stability, growth and public services
Quote:
Originally Posted by Paul
Once again complete BS about 'baby boomers'.
A 10% increase in pension is meaningless if you dont get it until 2029 (or later).
Getting really tired of these ill informed comments, and in future they will be removed.
|
Quote:
Originally Posted by Hugh
I’m in the cohort you mention -
10% increase in the state pension - just qualified for State Pension, so next April I will get £18 more per week; better than a poke in the eye with a sharp stick, but not exactly "golden"…
energy price guarantee - everyone gets this, not just "baby boomers"
the energy bills support scheme - everyone gets this, not just "baby boomers"
the winter fuel payment - not eligible this year
pensioner cost of living payment - not eligible
So, from this budget, the only difference between me and everyone else will be £18 per week in six months time - "golden"?
Perhaps "one size fits all" generalisations may not be as accurate as you may believe…
|
Keep your hair on loves I was trying to be positive. The Government is being criticised endlessly and few acknowledge the good things they’re doing. And even if you’re not getting the full benefit now, you can look forward to the future. The Government has made provision for seniors; it’s not their fault if you’re too young to have all the benefit now but keep yer peckers up eh?
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT +1. The time now is 02:40.
|