Budget Day

Randy

Randy

Well-known member
What are we thinking will happen?

Most newspapers this morning running with the extension of the job retention scheme till the end of September. Also the £20 uplift in Universal Credit payments to continue for another 6 months at least.

Daftest rumour I've heard? Giving over 18's a high street shopping voucher each ,😂



news.sky.com

Budget 2021: Stamp duty, furlough, tax rises - here's what to expect in Chancellor Rishi Sunak's announcement

What time is the budget? What will be in it? We've answered all your questions about Rishi Sunak's announcement at 12.30pm.
news.sky.com news.sky.com
 
Randy said:
What are we thinking will happen?

Most newspapers this morning running with the extension of the job retention scheme till the end of September. Also the £20 uplift in Universal Credit payments to continue for another 6 months at least.

Daftest rumour I've heard? Giving over 18's a high street shopping voucher each ,😂
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If it sounds daft it’s probably nailed on to happen:) I will be interested to see how and when all this spending is paid for. Tax rises will stifle a recovery but at some point-there will need to be an attempt to pay for the last years record spending.
 
FatCat said:
I will be interested to see how and when all this spending is paid for.
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It won't be. We will print more money, it may devalue the pound globally but a lot of countries will do the same so it may not have that much of an effect, there will be a rebalancing of currencies.

The voucher thing is a good idea get people out and spending.
 
I’m over 18 hopefully I get a voucher if that’s the case :)

maybe you are eligible if you provide evidence of having taken the vaccine :)
 
It will probably cap a terrific week...

One things for sure nothing is going to get better or come down in price.

This week I've had letters from Southern Water / SSE / Sky / Netflix and Vodafone saying my bills are increasing in April. That's 'nice' during these times🙄
 
Not too bad so far.
Me and the wife are definitely hoping to buy a house this year. Just need to see how work goes for a few months after we open.
 
Randy said:
Not too bad so far.
Me and the wife are definitely hoping to buy a house this year. Just need to see how work goes for a few months after we open.
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I really should take more time to read things properly. I though why is Randy and he wife wanting to buy a horse? and have horse prices been affected by lock down?
 
A fair enough set of announcements considering the backdrop of economic crisis and the long term effects of Brexit still to be revealed.

The onus is firmly on business to drive the short term recovery and it has been backed by practical measures, lets hope the Tories don't see this as a chance to dust their hands off the economic recovery.

Teesside extensively name-checked by Sunak, so let's hope there's at least one decision maker in the country who has an interest in what happens in the region beyond election periods.
 
Keep an eye on inflation this year kids, it could get very rocky.

The budget understandably kicked a lot of cans down the road unless MMT proves efficient in real world settings there is a toll to pay.
 
Tanks parked on Labour's lawn. The corporation tax policy and the infrastructure investment bank are straight out of the Corbyn manifestos.

Hard to imagine a set of circumstances that lead to the tories losing power for a long time now.
 
Muttley said:
It won't be. We will print more money, it may devalue the pound globally but a lot of countries will do the same so it may not have that much of an effect, there will be a rebalancing of currencies.

The voucher thing is a good idea get people out and spending.
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USA are already doing it, that's why the $ has took a beating off everything, and the stock markets having a wobble.
 
SuperStu said:
Tanks parked on Labour's lawn. The corporation tax policy and the infrastructure investment bank are straight out of the Corbyn manifestos.

Hard to imagine a set of circumstances that lead to the tories losing power for a long time now.
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You're totally wrong.. under Corbyn it was the evil 'tax and spend' plan but under the Tories it's the excellent 'spend and tax' plan. 😂

The best thing Starmer could to after would be house prices. Help to buy, stamp duty cuts etc all of course make homes more unaffordable, whilst claiming the opposite.
 
Alvez_48 said:
The best thing Starmer could to after would be house prices. Help to buy, stamp duty cuts etc all of course make homes more unaffordable, whilst claiming the opposite.
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Not sure what you mean by "best". It definitely wouldn't be something that returns a lot of voters for Labour. Lower house prices would be a gain for the young and less affluent who are less likely to vote (and who Starmer's already distanced himself from) and a loss for older, wealthier people who are more reliable voters.

I stand by what I said about it's hard to imagine a winning play for Labour now. They've backed themselves in to a terrible situation. I don't think a policy exists that gets them out of this.
 
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