Last Spring Budget 2017

  • Chancellor Philip Hammond will use his first Budget to help prepare Britain for a "new chapter" in its history after Brexit, the Treasury has said.


    http://www.bbc.co.uk/news/uk-politics-39196579
    ====
    Budget coming up, lets see what happens especially with regards to social care funding.


    With Brexit approaching, this will not be a real budget as the chancellor will wait and see how Brexit plays out first, so he will not announce anything major.


    The real budget for 2017 will be in its new slot in the Autumn.

    If my post is in this colour, it is a moderator decision. Please abide by it.

  • Budget 2017: £2bn for social care and tax rise for self-employed:


    http://www.bbc.co.uk/news/uk-politics-39196579



    Budget at a glance:


    http://www.bbc.co.uk/news/uk-politics-39203784



    Hammond fires starting gun on great employment tax debate:


    http://www.bbc.co.uk/news/business-39211099



    Budget 2017: What it means for you:


    http://www.bbc.co.uk/news/business-39193938

    If my post is in this colour, it is a moderator decision. Please abide by it.

  • I see there is a huge outcry in all the papers this morning about Hammond's proposed rise in NI contributions for some self employed. The hypocrisy of the press never ceases to amaze me. For 6 years the Tories have been depriving the sick, disabled and unemployed of the means of survival, often by the devious means of 'sanctions, ' and never a word in protest from the Daily Mail or the Sun. The opposite in fact, cheering IDS and the rest of the ' Make them work or starve. They are all scroungers.' supporters on.


    Now, when it appears that some self employed, 99% of whom, if not actually cooking the books, are 'maximising their expenses.' may lose a fiver a week in the future, the outrage and protests are deafening.


    http://www.dailymail.co.uk/deb…-hurt-natural-Tories.html


    https://www.thesun.co.uk/news/…ling-2-4million-grafters/

  • That's partly because it was a broken election promise, unlike cutting benefits which was what the Tories did promise to do.


    I keep hearing of stories of people suffering under the Tories benefit cuts, I've no reason to doubt them, but the only cases I know of personally (which I've mentioned quite a few times before on other sites!) are those of pretty serious benefit fraud. There has been no let up of this fraud during the Conservative reign.

  • .... in London, the cap on housing benefit is starting to bite and of course the current allowance is still very generous.


    For some reason, people who have their homes paid for them, believe they have an absolute right to a river view of the Thames, or one of the Royal parks, or to mingle with the yuppies on the Isle of Dogs. I have no such right...


    But some can no longer "afford" "their" homes and are moving. My area on the outskirts of London is seeing a massive influx of these "welcome" benefit refugees...


    All the other benefits and associated fraud pales in comparison to housing benefit and until a fairer system is devised, it will continue.


    Morgan,


    I like IDS and I supported his efforts.


    But the whole benefits and tax system is still unfair. Everyone should be taxed the same based on income and that applies to companies too.


    This NIC rise for the self employed has been a tory own goal and Hammond quipped that he might get sacked like Lamont before him, who was the last person to move the budget to the Autumn. He may be right...

    If my post is in this colour, it is a moderator decision. Please abide by it.

  • That's partly because it was a broken election promise, unlike cutting benefits which was what the Tories did promise to do.


    I keep hearing of stories of people suffering under the Tories benefit cuts, I've no reason to doubt them, but the only cases I know of personally (which I've mentioned quite a few times before on other sites!) are those of pretty serious benefit fraud. There has been no let up of this fraud during the Conservative reign.


    Of course there is benefit fraud just as their is tax fraud and no one is excusing that. The more outrageous cases make the news because they aren't very common, not because they are. But the system is still unfair in many cases not just a few and genuine claimants have suffered unjustly. You may have read the case I've mentioned on BDF and in the other place of my wife's friend, disabled for years, whose renewal application for ESA was refused because where she had said, truthfully, that she could only walk 50 yards with difficulty, someone at the DWP had placed a '1' in front of the 50 to make it look 150 yards. It was only due to the fact that she had photocopied the form before she returned it that she was able to prove her case, won her appeal and her benefit was renewed. Even the appeal tribunal was horrified at that story and apparently wrote a very strongly worded letter to the DWP office concerned.


    I doubt very much if her case was exceptional. My argument is that no self employed person is going to miss a fiver a week which will be made up by a little judicious accounting in most cases and I think the press outrage is somewhat overblown.

  • Plans to increase National Insurance levels for self-employed people - announced in the Budget last week - have been dropped.


    http://www.bbc.co.uk/news/uk-politics-39278968
    ====
    Well, the budget lasted a whole 7 days....


    Not very good for May or Hammond. They are supposed to sort these things out long before they are announced in the budget. Now she's had to go into reverse, people will exploit that to cast doubt on her ability to make the right decisions in the future.

  • Under normal circumstances, I'd agree Morgan, but Corbyn blew it yesterday. So May and Hammond have been left off the hook for now, as long as they don't repeat that mistake.

    If my post is in this colour, it is a moderator decision. Please abide by it.

  • Not very good for May or Hammond. They are supposed to sort these things out long before they are announced in the budget. Now she's had to go into reverse, people will exploit that to cast doubt on her ability to make the right decisions in the future.


    Yes it's poor but I suppose it's better to put it to bed than let it all come up again later on. You can't expect perfection but mistakes should be fixed properly.

  • Really a total waste of time by the government, wasn't it? It wouldn't have raised much money, in any case.

    If my post is in this colour, it is a moderator decision. Please abide by it.

Create an account or sign in to comment

You need to be a member to leave a comment.