The Budget Today

[bobbie22]

Can anyone tell me what this budget means to the ordinary person in the street?

[bobbinwales]

Like many budgets its about fine tuning (and in this case helping businesses in hospitalty through rate reliefs etc) and many of the changes are spread over several years, rather than a dramatic change

[jno]

does any of this apply to you?

https://www.bbc.co.uk/news/business-59054358

[bobbie22]

Not sure Jno. Maybe taxes. It’s lots of information

[jourdain2]

Looks as if pensioners lose out (already lowest pensions in EU). Too complex to answer at the moment.

[bobbie22]

I just re read the info on pensions. It’s as clear as mud In fact I have read quite a lot about the budget. Still no wiser.

[bobbinwales]

It was confirmed a few weeks ago that has confirmed that "the state pension amount will increase by 3.1% for the tax year 2022/23" so thats from April which is less than were hoped for and would of got from the triple lock but its more than I'm getting, but no complaints I earn more. On the plus side a pensioner whose not working wont pay the increase in NI which comes in next spring so those with aprivate pension may not be too bad off.

[chelle7272]

Unless you are working for low pay or on benefits there is not much change except the cost of living and NI contributions going up.
Cheaper beer in pubs, more expensive cigarettes.
A lot of it relates to businesses that I can see and longer term planning.

[jno]

the cost of living's going up anyway - petrol's gone up 30p a litre in the last few weeks and that's bound to feed through into the price of anything that's been in a lorry.

[bobbie22]

You are all pretty good on this. Thanks for the info.

[gulliver1]

Just look how much the motorist will be better of Because I have frozen the duty on petrol says the Chancellor,although as Jno says petrol has risen by 30p a ltr
before the budget . It's just a laugh to him

[bobbinwales]

But remember we have no petrol here since Brexit so we're saving even more

[maggiebee]

Every budget the same IMO - the rich get richer and the poor get poorer. Pensions the worst in Europe but pensioners still have to bear the brunt of price rises - gas, electricity, petrol etc. Before anyone jumps in and mentions benefits, I feel it's a disgrace that folk who have worked all their lives and paid into the system should have to rely on benefits at a time when they should be enjoying their well earned retirement in comfort.

[curlygirlies]

bobbinwales you have no petrol in Wales since Brexit? That's mad.

[bobbinwales]

I just go off what gulliver says- no petrol, empty shelfs, no turkeys

[curlygirlies]

bobbinwales sos did not no you were shielding. Fuel's gone up and some things not on shelves but not that bad. Have you got someone to do your grocery shopping?

[AuntPG]

Gully you can give facts until you are blue in the face, the ones on here not wanting to admit there are shortages will never see any. There are shortages, the whole of the Western World has some shortages at the moment because of Covid and shipping problems. Our shortages are the same as the worlds shortages -except worse, because of Brexit. Stupid sarcasm and 'well I've not seen any shortages' make not an iota of difference because its reality.

[AuntPG]

^^^ wrong thread, sorry

[ichkeria]

It’s a massive spending splurge, with universal credit changes benefitting the lower paid, huge spending on public services and even International Aid to revert eventually to the previous level in 3 years. Beer duty down, wine duty up.
Some might say it’s Johnson’s apotheosis: a shameless bribe to the so called Red Wall. However, do voters vote for a party out of gratitude? Especially when the inevitable reckoning happens?
Who knows

[youngmafbog]

//a shameless bribe//

Show me a budget, in any country or time, where you haven't seen one.

If you ask me we will then see 'tax cuts' just before the election. They wont be cuts of course as they have been put up but its the same illusional trick they all use. And the voters fall for it every time.

[ichkeria]

“ Show me a budget, in any country or time, where you haven't seen one. ”

George Osborne 2010 springs to mind …
But tax cuts usually benefit the better off …