[Finance] Autumn Statement

[Leekbrookgull]

So the man at No 11 is set to announce to the country the governments forthcoming financial plans, so what are the realistic and practical options available to him ? A possible return of the personal allowance, adjustment to VAT ?

 

[Simster]

He'll cut inheritance tax. Even though that would be the worst tax to cut at a time (and when public services are on their knees), the Tories will do anything to appease pensioners who they perceive as their core vote.

 

[studio150]

He won't follow the realistic and practical options, instead it will be a few headline reductions shaped as helping those in need with the cost of living crisis but are nothing more than bribes to the voters with an election due next year.

And no doubt following the PMs line that lower inflation is a tax cut.

 

[Milano]

Biggest spivs this country has ever seen. Giving back 20% of what they’ve cut away over the last 13 years. George and Silvia will lap it up……

 

[PILTDOWN MAN]

Like him to raise the tax threshold to about £16000 scrap the 40% rate but lower the 45% to 65000.

 

[chickens]

Do you remember how this very same party cut public services past the point where they functioned in 2010, and has since had to start giving them more money piecemeal to try and build each one back up as each service failed?

This party has taken away youth provision and the social safety net of communities across the country.

Perhaps rather than make those who have everything a further penny richer, he’d like to consider funding local authorities properly so they can fund their schools, social care and youth provision services.

We know he won’t and he will continue to sit in the burning wreckage of our country proclaiming that the route to success is to enrich those with wealth, but how many of us would not rather that perhaps local authorities were funded to do their jobs, and that with whatever’s left we actually perhaps just borrowed less?

 

[Happy Exile]

It'll be a budget created to appeal to sections of the electorate, and not a budget to sort out the country. When was the last time any government decision here was made for any reason except short-termism to try and get re-elected?

Like every budget I'll use one of those calculator things the Guardian and the like produce and probably work out that as a family we're £1.56 or something better off each month than I was before if you ignore inflation making us all £4000 poorer than we were a few years ago. I might spend it on a packet of crisps at Forest on Saturday to celebrate.

 

[A1X]

Big fan of several Tories out crowing this morning that "the minimum wage will be the highest it's been in a decade". So in other words they've finally reversed the cut they made to it just under a decade ago?

 

[Bozza]

The personal taxation handback seems certain to be done via NI, rather than income tax. It just remains to be seen whether that's done via a straight cut or an adjustment of the threshold(s).

 

[beorhthelm]

He won't follow the realistic and practical options, instead it will be a few headline reductions shaped as helping those in need with the cost of living crisis but are nothing more than bribes to the voters with an election due next year.

And no doubt following the PMs line that lower inflation is a tax cut.

getting in early to say a tax/NI cut is a bribe. of course it is, does that mean its negative for workers? would be better to look at reducing the deficit, but thats not so impressive for the voter.

 

[dejavuatbtn]

One thing is for sure, he will do nothing for those who need it most.

 

[Nobby Cybergoat]

If they're just trying to get the old brexit voters backl together, surely voters of that age primarily want a functioning health system. some semblance of law and order

 

[drew]

He'll do what he can to try and bribe certain elements of the electorate. IHT won't change, they tested the water with that last week but there is no appetite for it, hopefully because more and more people understand that it won't affect them.

 

[Eeyore]

Big fan of several Tories out crowing this morning that "the minimum wage will be the highest it's been in a decade". So in other words they've finally reversed the cut they made to it just under a decade ago?

Is that the minimum wage that was introduced by Labour to huge opposition from the Tories saying that it would destroy jobs ?

 

[Simster]

getting in early to say a tax/NI cut is a bribe. of course it is, does that mean its negative for workers? would be better to look at reducing the deficit, but thats not so impressive for the voter.

Indeed. Remember that the deficit was the reason Labour were voted out 13 years ago and has tripled under the Tory watch. I'm not really sure why the national debt was a major concern when Labour were running the country but doesn't seem to matter when the Tories wrecklessly increase it.

 

[Peteinblack]

He'll cut inheritance tax. Even though that would be the worst tax to cut at a time (and when public services are on their knees), the Tories will do anything to appease pensioners who they perceive as their core vote.

 

[Hamilton]

So the man at No 11 is set to announce to the country the governments forthcoming financial plans, so what are the realistic and practical options available to him ? A possible return of the personal allowance, adjustment to VAT ?

I thought YOU were going to say something.

 

[Mellor 3 Ward 4]

He'll cut inheritance tax. Even though that would be the worst tax to cut at a time (and when public services are on their knees), the Tories will do anything to appease pensioners who they perceive as their core vote.

I don't think IHT will be cut.

Hopefully he'll raise the threshold at which the lowest paid start to pay tax.

 

[Hamilton]

View attachment 170134

And unless the young people turnout, we'll be left with these cronies for another 5 years.

 

[East Staffs Gull]

He’ll cut NI, which won’t help pensioners. So, for pensioners, he’ll retain the triple lock.