Growth forecasts sound anaemic

The economy is now forecast to grow by just 0.6% this year and 0.7% next year

comment by Dushane Hill (U11781)
posted 1 hour, 9 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 5 minutes ago
A bit weird, what makes you think the Sheikh doesn’t like football?
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His attendance figures when you’ve played under his ownership over the last 15 years
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The alternative is the guy who owns GB News, no wonder the Tories will try and block it.

Hunt will abolish class 2 national insurance, paid by the self-employed. This will save them £192 per year.

Self-employed also pay class 4 national insurance at 9%. That will go down to 8%. About £350 of savings for SE a year.


These are real minuscule figures

Hunt announces a "programme" requiring those unable to find a job for 18 months to engage in a "mandatory work placement". If they refuse, Hunt says "we will close their case and stop their benefits".


Expecting Keith to scrap this measure next year.

I don't see the point in saving everyone circa £200 a year when it'll inevitably have a knock on effect on services making them even worse.

I'd rather pay the extra £15 a month

comment by Dushane Hill (U11781)
posted 19 minutes ago
Growth forecasts sound anaemic

The economy is now forecast to grow by just 0.6% this year and 0.7% next year

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At least it's not shrinking any more.

comment by Dushane Hill (U11781)
posted 2 minutes ago
Hunt announces a "programme" requiring those unable to find a job for 18 months to engage in a "mandatory work placement". If they refuse, Hunt says "we will close their case and stop their benefits".


Expecting Keith to scrap this measure next year.
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Nothing wrong trying to get long term unemployed into work

The UK has one of the highest minimum wages in the world

BREAKING:

Jeremy Hunt announces that he is cutting employee national insurance by 2% from 12% to 10%

He says it will benefit 27million people and save people over £450

comment by Onana what's my name? (U14210)
posted 1 minute ago
The UK has one of the highest minimum wages in the world
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Yup

US federal minimum is iirc $7.25

Hear in CT the state minimum is $15

Nothing on stamp duty though 🥲

It is amazingly suorizing that states with liwessed min wage n weekest gun laws have the most crime n poverty n whos citicenz r mosed unhappy

These peeple also always vote Rep

Turkeys votin 4 Thanksgiving

comment by Onana what's my name? (U14210)
posted 9 seconds ago
The UK has one of the highest minimum wages in the world
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And one of the highest cost of living in the world.

comment by Dushane Hill (U11781)
posted 12 minutes ago
Hunt announces a "programme" requiring those unable to find a job for 18 months to engage in a "mandatory work placement". If they refuse, Hunt says "we will close their case and stop their benefits".


Expecting Keith to scrap this measure next year.
----------------------------------------------------------------------

Sadly, not surprising.

comment by Mamba - Come at the King, you best not miss (U1282)
posted 3 minutes ago
comment by Onana what's my name? (U14210)
posted 9 seconds ago
The UK has one of the highest minimum wages in the world
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And one of the highest cost of living in the world.
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BOOM.

comment by Mamba - Come at the King, you best not miss (U1282)
posted 3 minutes ago
comment by Onana what's my name? (U14210)
posted 9 seconds ago
The UK has one of the highest minimum wages in the world
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And one of the highest cost of living in the world.
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Which is higher - our rank for cost or minimum wage?

comment by Onana what's my name? (U14210)
posted 9 minutes ago
comment by Dushane Hill (U11781)
posted 2 minutes ago
Hunt announces a "programme" requiring those unable to find a job for 18 months to engage in a "mandatory work placement". If they refuse, Hunt says "we will close their case and stop their benefits".


Expecting Keith to scrap this measure next year.
----------------------------------------------------------------------

Nothing wrong trying to get long term unemployed into work
----------------------------------------------------------------------
Its based on the usual ignorant assumption that most unemployed don't want to work and all they need is a little kick up the arrse to do so.

If someone is long term sick/disability, taking away their assistance to get healthy is far more likely to be a barrier to get them back working than an incentive

comment by Sat Nav (U18243)
posted 25 seconds ago
comment by Mamba - Come at the King, you best not miss (U1282)
posted 3 minutes ago
comment by Onana what's my name? (U14210)
posted 9 seconds ago
The UK has one of the highest minimum wages in the world
----------------------------------------------------------------------
And one of the highest cost of living in the world.
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Which is higher - our rank for cost or minimum wage?
----------------------------------------------------------------------
Interesting question but I don't know tbh, probably because it makes little difference to the point in question.

Reeves has obliterated this budget, we all know what it is. A last ditch attempt to buy a few votes. And the fact this NI cut is coming in January is making me think there’s an election next spring.

Inflation and interest rates will remain higher for longer, OBR suggests

Unemployment will rise to 1.6m in Q2 2025

Living standards will be 3.5% lower in 2024-25 than they were pre pandemic


BREXIT FOOOKING BRITAIN

Breaking:

The tax burden is still on course to reach a post war high of 37.7% in 2028-29 even after the 2% cut in national insurance

The OBR says that this is driven by fiscal drag, which will see 4m additional workers paying income tax and 3m moving to higher rate


BREXIT FOOOOKING BRITAIN

13 years, everybody is worse off and they think a tax cut that wouldn't even buy a packet of B+H Gold is going to sway the undecided back into their fold

Striking chart from the latest OBR forecast. The UK's trade intensity – trade as a percentage of GDP – is the lowest among G7 economies.

OBR: "We continue to expect that exiting the EU will reduce the UK’s trade intensity (exports plus imports as a share of GDP) by 15 per cent in the long term"

https://x.com/antonspisak/status/1727319778698871183?s=46&t=bPTrpdgNggCdz9igvhmVyw

BREXIT FOOOKING BRITAIN

comment by CrouchEndGooner (U13531)
posted 7 minutes ago
comment by Onana what's my name? (U14210)
posted 9 minutes ago
comment by Dushane Hill (U11781)
posted 2 minutes ago
Hunt announces a "programme" requiring those unable to find a job for 18 months to engage in a "mandatory work placement". If they refuse, Hunt says "we will close their case and stop their benefits".


Expecting Keith to scrap this measure next year.
----------------------------------------------------------------------

Nothing wrong trying to get long term unemployed into work
----------------------------------------------------------------------
Its based on the usual ignorant assumption that most unemployed don't want to work and all they need is a little kick up the arrse to do so.

If someone is long term sick/disability, taking away their assistance to get healthy is far more likely to be a barrier to get them back working than an incentive
----------------------------------------------------------------------
If they’re off long-term sick or have a medical disability then they won’t lose their benefits.

Pretending that proposals such as these are aimed at taking away benefits from those that need them is just wrong. It’s not like there isn’t a large amount of money going to people who can work.

He's cutting benefits to people with mobility and mental health problems by £4,680 a year

I'm not pretending anything