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While I’m not a fan of Chancellors, I do believe the decision to means test the winter fuel allowance is sensible. The implementation of the change however, is a fiasco and so easily avoided. (SC).
Discuss!
Rumours flying around that the UK Chancellor needs to raise another £30bn in tax this autumn. This after telling us she wouldn’t need to do it again after lumping £40bn on us last year.
History has proven time and time again that high taxes kill growth!
@Imogenlemon02 Because you’re oversimplifying things; self-employed people don’t get a payslip but many work far harder for far less than many employees!
@Keir_Starmer Not if you increase the cost of taking on employees. If you want growth (which is the only way to get debt down), you’ve got to encourage private sector employment. The public sector DOES NOT create wealth!
Budget Day is Wednesday and almost anyone who employs people will be paying more tax. Call it NIC but it is a tax on jobs.
There are literally over 100 ways to give tax free pay to your employees.
Maybe now is a good time to look at salary sacrifice schemes?(SC).
Quick poll before next week’s budget. What is a “working person”? Answers on a postcard to 10 (or 11) Downing Street ‘cos Starmer and co. have no idea.
The lies told during the election campaign are already unravelling….(SC)
Talk of up to £25bn of tax rises in the budget, bigger than austerity in 2010 and the first Blair budget. Fuelled not just by a “black hole”, but public sector pay, according to the IFS. Not sure how this will encourage investment & growth.(SC) #budget2024
Bit of midweek controversy coming….. I’ve long thought the winter fuel allowance should be means tested. Never made sense to pay it to those who didn’t need it. It is not a “right” as some have suggested. It is not part of the pension earned by paying NIC. Thoughts?(SC).
(2/)
Let me ask you
1. Are you happy to give these pay rises to nurses, teachers etc?
2. Are you happy to pay for them through higher taxation?
3. If not, who should pay for them & how should the tax rises be implemented?
4. What will you do to limit any increase, if anything?
So the government are laying the groundwork for £25bn tax hike in November. As usual, they are blaming the old government for most of this. Approx £5bn was in their manifesto; another £3bn coming from the “inflation-busting” public sector pay awards. That leaves £17bn. (1/2)
@richardosefton A gross oversimplification and offensive as well. I did NOT vote Reform but understand why many millions did. The lack of a right of centre alternative gave these voters no real choice. So no Richard, they’re not all racists. You would do well to moderate your language.