Martin Lewis Reacts to the 2024 Budget

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Күн бұрын

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@sunnybecwildfern3098 Ай бұрын

Hallelujah.... Thank you Martin Lewis. At last someone has called out Rachel Reeves for saying pensioners will get a £470 rise in April, and Starmer says that too. The majority are on the old pension and will get £360. I wish someone would say it to her face.

@sidsod1616 Ай бұрын

Less the £ 300 cut in winter fuel payments =£60

@howardchambers9679 Ай бұрын

@@sidsod1616if they're eligible for pension credit and apply for it, they will get the winter fuel allowance. You *_did_* know that?

@Adch212ab Ай бұрын

Stamp duty, no warning given, it was implemented the next day=I withdrew my offer on a property. From £7200 stamp duty went up to £12k on a £240k property.

@adblocker276 Ай бұрын

So you are telling me you couldn’t absorb a 5K unexpected bill? Are you sure you can afford a mortgage?

@neilmiller6214 Ай бұрын

They are killing the property market, so they want to obliterate landlords and flood the market, they then assume this will drive property prices down therefore claiming additional stamp duty tax, which is tax on money we have already paid tax on. Basically they are robbing money from the seller.

@paulsmith1981 Ай бұрын

So that's £7200 of tax revenue the government isn't collecting in your individual case. I can see which way this is going and it isn't pretty.

@Stephanie-wf6xr Ай бұрын

Why you complaining, that's not your only home .😂😂

@jungleboy1 Ай бұрын

oh sorry, i feel bad for you being able to own more than 1 home.

@ianbird7444 Ай бұрын

Please raise the farmer question again , if they sell up then we are all doomed as they put food on the tables

@ilikelampshades6 Ай бұрын

Sick of people moaning about farmers. They are allowed to hand down £2,000,000 tax free and they want working class people to feel sorry for them? If a nurse works hard they couldnt dream of getting that sort of money and certainly couldnt give it all to their kids tax free. If a poor farmer has got over 2 million in assets, theyre richer than 99.9% of the population they should do what other people do if they are living outside of their means- sell styff

@WhizzRichardThompson Ай бұрын

@@ilikelampshades6what a load of ill informed bile.

@ilikelampshades6 Ай бұрын

@@WhizzRichardThompson why? Explain

@rosso2017 Ай бұрын

@@ilikelampshades6with respect you are ill-informed. A farm is not a personal asset, yet for inheritance tax purposes is being increasingly treated as one. That’s the reason the exemptions have always existed- to encourage farmer families to continue farming through generations. If children have to pay an inheritance charge to inherit the farmland, more and more farmers will be lost. Since we’re already losing farmers every day, where are you going to get your food? Not rocket science is it- you’ll be here complaining that the food prices inevitably go up when we have less farmers, probably moaning about some BS about greedy farmers

@ilikelampshades6 Ай бұрын

@rosso2017 Thanks for the explanation someone else also commented on another comment section explaining this. In the past, I've viewed a farm as a house and huge garden rather than a business. So it makes sense now. Are most farms owned via private limited company? Because I'm sure you would have to pay tax if you tried to pass down a public limited company or sole-trader company. Also, if a farmer had to sell off a chunk of his farm due to inheritance tax, would this not give another aspiring farmer the opportunity to purchase the land, thus generating opportunity? I hate the tax system in this country, the employed people on PAYE are getting absolutely fleeced left, right and centre with taxes and low wages. We never get any tax breaks, investments, incentives, cannot write things off against our tax bill etc etc. It's been agony under the Tories, losing huge amounts of our salaries whilst working harder than ever. It does need a massive re-balance and I can't help but think it is the businesses that need to bare the brunt for the next 20 years as its been those on PAYE who have suffered so much since the 70s. Personally, this is the best budget I've seen in my lifetime but that's very much because I'm PAYE.

@sonofsomerset1695 Ай бұрын

Martin Lewis, made a fortune out of just stating common sense, which the media of course have none of.

@Boo-pv4hn Ай бұрын

It should also be considered that you don’t get warm home discount even on low benefits if your home isn’t scored the way they deem that it meets the criteria. So it’s not just about pensioners, it’s about those on disability under pension age too

@anthonylloyd8000 Ай бұрын

All except hunt who saved 100,000 on stamp duty buying flats from tory donor.

@granvillestout2681 Ай бұрын

Just got stuffed up by Reeves as in the middle of house buying, struggled to get to the mark not having sold mine, now shafted over night, no warning given.

@overthemoon34 Ай бұрын

Is this your second home? Because stamp duty only applies on your second, not your first.

@granvillestout2681 Ай бұрын

@@overthemoon34 It is my first home, I just happened to be able to cobble together enough cash to buy a house that came on the market I really wanted, so had to bid quickly. Left me totally skint until I sell my first home. Had hoped to do some work (that is really needed) before I moved in but with this overnight stamp duty rise will have to move in and do the work around me when I move and after I sell. I will be able to claim the stamp duty back after I sell my first home but really needed that cash that has been taken by the overnight rise. I thought the changes would have been from the beginning of the next tax year, but no, an overnight rise.

@overthemoon34 Ай бұрын

@@granvillestout2681 The stamp duty should only apply on a second home, not your first.

@Cathyshealingworld Ай бұрын

You are so Amazing Martin ❤❤

@Wayne-wm6wq Ай бұрын

I don't think he is I've asked him many times to show us where does it say we have to pay tax in law I couldnt find it and ten years ago the tax office couldn't find anything so I don't pay any

@janiewoods5392 Ай бұрын

Well that ought to include Muslims as well as please explain to me why they exept from this duty??

@palemale2501 Ай бұрын

If inflation is 5%, and your income/pension increase is 5%, but Personal Tax Allowance does not change, you get 4% net - so you CANNOT cover the cost of your previous normal spend. If inflation on basic essentials is more than 5%, then it is worse still for low earners and pensioners - the Personal Allowance has been static for the past 4 years, so the poor have become even poorer, year by year - and they know it !

@alanhudson-x4q Ай бұрын

martin lewis is top man

@palemale2501 Ай бұрын

BUT INCOME TAX PAYMENTS ARE ALSO GOING UP FOR EVERYONE !!! As the Personal Allowance for 2025-26 is being kept the same as 2024-25 at £12,570 .(has not increased since 2021) So if there is an annual "inflational", incremental or promotional increase in your pension or worked income, then you will pay MORE tax (either at 20% or 40% dependant on your new income level) on ALL of the increase.

@Frank-i8s Ай бұрын

New pension old pension what a farce what many will find tax owining this year and pushed in April into tax small company pension no other help state pension should be tax free tax too low

@colinscott3828 Ай бұрын

presenters sounded soooo concerned

@ERiCDrAyViN Ай бұрын

they're rich on the itv gravy train. No problem to them. They most likely have scams/nixers running out of the 'system' anyway.

@Newsopathy-gf2ug Ай бұрын

Well Martin Lewis, what is the contradiction here is that inspite of all Reeves's promises, they've increased employers' NI which is a tax on working people if you bother to think this through properly, and, where the heck is the growth element in this budget. Can't see it? That's because there is none. And by the way, I've paid in all 35 years's worth of my NI contributions and this lot still won't pay even three quarters of the full state pension, so you're not telling people the truth either .... thanks for nothing.

@treestandsafety3996 Ай бұрын

Taxing and spending..more money out of private peoples pockets and more money for government workers. Yum yum.

@russellstanford4584 Ай бұрын

Can some one please explain why working people are again paying for the problems caused by the wealthiest. Banking Covid spending and so on. 😜🤪😝🤑

@chrisdavey9985 Ай бұрын

Thats the point of liebour they want your money

@rushman667 Ай бұрын

Didn’t realise he’s a Labour spokesman

@wendylee632 Ай бұрын

Such a shame that Martin has to abide by ITV politics...I do wonder how he really feels. Knoq that he's held back

@John-ue6ok Ай бұрын

A PIE AND A PINT IF YOU ARE LUCKY 😢😮😅😊

@Its.Mine1 Ай бұрын

But will Lord Farquaad do what she says she will do because she lies so much 🤨

@tonyfarrington574 Ай бұрын

3 months of (under offer) destroyed overnight

@sallystrutt6715 Ай бұрын

@@tonyfarrington574 🙄

@briankerrison8504 Ай бұрын

It’s a fresh concrete pore in foundation.. next comes the build in structure.. 👍👍😎

@johnthomson9678 Ай бұрын

On stamp duty ,why is it muslims don't have to pay . We are being discriminated against ???????

@KevenHutchinson-gt1nn Ай бұрын

They do pay

@catsmad48 Ай бұрын

You only just noticed ...we are discriminated against regarding everything 😢

@woodcote103 Ай бұрын

A Policy like the money pit HS2 ...high speed train line....which is costing Billions..why are we building it.....if we were not... taxes would not have been neede to be raised....Its money chucked down the road.

@galaceefunky Ай бұрын

obviously some of us can't tell the difference between road and rail...lol

@DavidGetling Ай бұрын

Let's be very clear on one thing. Inflation is a malignant cancer that hurts the poorest most. If the budget reigns in wage rises and rises in property prices then that will be a very good outcome.

@jamesallan158 Ай бұрын

So Martin the millionaire is saying thank you government for more pain that will somehow manifest into something we can all rejoice in going forward into the future when being shafted means prosperity for all thank you you are a god who's wisdom is out if

@ashpal-1 Ай бұрын

martin lewis is obviously easily taken in

@cormchm2853 Ай бұрын

@ashpal-1 6 hours ago, you said... "martin lewis is obviously easily taken in". Well, you would know, aye.

@ricovalentino1759 Ай бұрын

I bet everyone has regretted voting for labour now

@Hangman1 Ай бұрын

@annstubbs2256 Ай бұрын

@@Hangman1yes

@jake751 Ай бұрын

I voted green

@Stephanie-wf6xr Ай бұрын

No, she trying to bring down, NHS waiting list. Fix our crumbling schools, feed the poorest children. They have not, raised income tax, fuel etc. Uplifted the young workers minimum pay. Raised carers allowance. Electrifying trains from Leeds to Manchester and other northern trains. Moved HS2 back to Euston. UK head quarters, for Energy to Scotland. Loads of positives the foundation are being laid

@nigelcreswell1102 Ай бұрын

I didn't. There has never been a labour government who has left the country in a better place. Just watch Britain's debt grow.

@ilikelampshades6 Ай бұрын

@stuartwood5448 Ай бұрын

How ill informed are you

@aethellstan Ай бұрын

@@stuartwood5448 and you're fairly i'll informed about how to spell ill...

@ilikelampshades6 Ай бұрын

@@stuartwood5448 please enlighten us with your holy wisdom as there don't appear to be any major issues for the majority of us that aren't worth over 2mil

@stuartwood5448 Ай бұрын

@ because it’s an assets that isn’t being sold and farmers don’t measure a field or assets in how much it’s worth in pounds and pence they measure it in need to graze animals or used for biodiversity etc -

@aethellstan Ай бұрын

don't forget that most small farmers don't own the land they farm, they're tenant farmers so they will probably never get anywhere near that figure

@Hangman1 Ай бұрын

I like this new government

@Jammsbro1 Ай бұрын

🤡

@BluntyBlue-e1l Ай бұрын

😂😂😂

@nickybudge3914 Ай бұрын

Are you having a laugh

@sallystrutt6715 Ай бұрын

@@nickybudge3914well tbh no different from the last lot

@sukishahi3671 Ай бұрын

Great budget direct to the point.Get on with it.Cant be any worse than Sunaks, 500 billion furlough,now we got sicknote Britain on benefits for ever.

@jake751 Ай бұрын

What a load of twaddle

@stevewalden1159 Ай бұрын

This man is a 'regime' apparatchik. Those on here praisng this new regime will experience hardship along with millionsof others slowly as this unfolding tragedy reveals itself quarter by grinding quarter. However I do understnad the feeling of hapiness because the Regime instructs us to rejoice. Its a clever ruse.