The Budget

ruggedtoast

Apart from the very welcome tax on buy let landlords, this is a budget that takes from the poor and hands to the rich.

Young people and the working poor endure cuts to wages, tax credits and benefits. Yet again the well off rejoice as the Tories prove themselves to be the party of the well to do.

There is nothing in Osborne's budget other than austerity, hopelessness, and a desire to please an almost prurient obsession by a nasty segment of society to punish the poor with more poverty. The measly minimum wage increase is a joke.

To hell with the Tories, they are a disgrace. There is no growth baked into their economic plans, only slow stagnation, cuts to education, and public sector atrophy while millionaire lobbyists drink champagne with Cameron.

Mistermeaner

I disagree

LplateSaver

michaels wrote: »

Not sure if we have covered this.

Is the age cut off for the national living wage (below that you only get NMW) going to have some interesting micro effects on the labour market - for example will the supermarket checkouts change from being staffed by wrinklies to being staffed by those under 25. Will some means be found to let people go at 25 to allow new cheap young workers to replace them - perhaps fixed term contracts?

Was discussing that with my boyfriend yesterday. I work in a supermarket and at the moment even though they can pay under 16-21 year olds less they don't, everyone gets £7, so I don't think much will change.

LplateSaver

ruggedtoast wrote: »

Apart from the very welcome tax on buy let landlords, this is a budget that takes from the poor and hands to the rich.

It is. Boyfriend is working non-stop, in order to save up to buy a house and hopefully start a family, he's gained a whole £80 a year.
His father, finished raising kids, on a great wage, has plenty of excess cash has gained £141. He doesnt want or need that £141. His father has been getting promotions throughout his career and even said himself that he wouldn't have been able to do it without help from tax credits in the beginning.

Mistermeaner

I was also poorer when I was younger, finished uni with loads of debt, took on a mortgage had a kid while working full time and going to evening school, got divorced, nearly lost it all but kept working hard and am now much more comfortable. Still have a mortgage, still work hard.

Never got a penny in tax credits, did get cb but that stopped.

It is harder when you're younger - why should I pay more tax to make that easier for others?

LplateSaver

gingerdad wrote: »

The bit I don't get is why leave child benefit alone. for me it’s seems mad that as a couple with two incomes earning 57500 a year we get child benefit. we are already 400 better off a month than a single salary and have the child benefit to boot.

Any increase in our staff wages will only be passed onto our customers who combined with all their supplier increases and own staff wage increases will be passed on to joe public and thus no one really will be better off.

That is the thing, the poor are going to be much poorer than the (-£1300) calculator results when the cost of living rises.

LplateSaver

ggb1979 wrote: »

I was also poorer when I was younger, finished uni with loads of debt, took on a mortgage had a kid while working full time and going to evening school, got divorced, nearly lost it all but kept working hard and am now much more comfortable. Still have a mortgage, still work hard.

Never got a penny in tax credits, did get cb but that stopped.

It is harder when you're younger - why should I pay more tax to make that easier for others?

Why should you pay less tax now? There are people earning a hell of a lot more than you (£100,000+) paying more tax than you, should they pay less tax too? Why should they have to pay more tax to make it easier on you?

LplateSaver

Oh my that's even ignoring the fact that
uni fees have trebled,
the loan repayments start at 21k instead of 26k (pre 1998),
mortage lending criteria being tightened so much that people are stuck renting for more than a mortgage would cost,
And the rise of those god awful zero hours contracts that nothing is being done about. This country is going backward, it's always been a country that social mobility was difficult but its going to be harder now for anyone who doesn't have mum & dad giving a helping hand.

Mistermeaner

LplateSaver wrote: »

Why should you pay less tax now? There are people earning a hell of a lot more than you (£100,000+) paying more tax than you, should they pay less tax too? Why should they have to pay more tax to make it easier on you?

I don't want them to

If your not happy with how much money you have instead of moaning that other people should give you some of theirs do something about it.

Stop begging for handouts and go earn some cash

ruggedtoast

LplateSaver wrote: »

It is. Boyfriend is working non-stop, in order to save up to buy a house and hopefully start a family, he's gained a whole £80 a year.
His father, finished raising kids, on a great wage, has plenty of excess cash has gained £141. He doesnt want or need that £141. His father has been getting promotions throughout his career and even said himself that he wouldn't have been able to do it without help from tax credits in the beginning.

Its just another paving stone in the road of endless handouts the boomers have enjoyed.