This budget is going to change things massively - Sky's Ed Conway analysis

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Sky News

Күн бұрын

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@At_the_races
@At_the_races Ай бұрын
Unemployment and inflation are going to soar.
@brad9205
@brad9205 Ай бұрын
Everytime the government increase the financial burden on business the media say that companies will have to "absorb" some of it. Just how much do they think they can absorb? They don't absorb any of it. It all ends up in the price of the product, which is partly why everything is so expensive, and why so many find day-to-day living such a struggle. And yet they will still champion extra costs on the businesses supplying them with the things they need, thinking that the money is taken from shareholder funds. It most certainly is not.
@MrIDFWU
@MrIDFWU Ай бұрын
Every time? The burden has been on the people for how long now? Businesses need to pay up
@Fab666.
@Fab666. Ай бұрын
@@MrIDFWUbusinesses won’t pay a penny extra, it’ll trickle down to the consumer and employees in a flash.. because the businesses can make it happen
@NSW-ye3xw
@NSW-ye3xw Ай бұрын
Those hotel bills must be overdue.
@NorfLondon4Eva
@NorfLondon4Eva Ай бұрын
So is your dole money
@lynxo5695
@lynxo5695 Ай бұрын
Migrants hotels cost 8million a day. Which is billions annually.
@anatolydyatlov5196
@anatolydyatlov5196 Ай бұрын
​@@lynxo5695 the Tories are to blame for immigrants in hotels, Labour are actually processing asylum claims meaning the hotels are emptying
@Chris-pq3wp
@Chris-pq3wp Ай бұрын
​@@anatolydyatlov5196yeah giving them residency, which no one wants!
@TomNook.
@TomNook. Ай бұрын
3bn a year on housing boat arrivals. 3bn on Ukraine every year....until as long as it takes.
@dave0n2wheels69
@dave0n2wheels69 Ай бұрын
The most important aspect of taxation is who is paying it, why is this never reported? This budget appears to place the burden more on those who can afford it.
@Mattarm2720
@Mattarm2720 Ай бұрын
I agree, I watched the entire budget, I couldn't place fault with anything aside from maybe the thresholds for NI employer contributions. I thought it was a well explained well thought out budget, of course Tory client media will bank on the fact that the average person isn't going to watch the whole thing, much of sunaks response to the budget was actually debunked within the budget statement, and they totally forget that the obr is releasing their report tomorrow and covering all of sunaks nonsense. He also forgets that hunt tried to block the report altogether claiming political shenanigans, it was meant to be released directly after the budget, but it's been moved to tomorrow instead
@wildandbarefoot
@wildandbarefoot Ай бұрын
It may help if media presenters had to declare their personal tax interest before they pose as unbiased arbiters. Rigby looked like she'd been literally slapped.
@dave0n2wheels69
@dave0n2wheels69 Ай бұрын
@@Mattarm2720 Let's hope the public will see through the misrepresentations in the press, and see this budget for what it was - a good first step towards recovery.
@adventtrooper
@adventtrooper Ай бұрын
@@Mattarm2720 Headlines are tonight in TV, and tomorrow morning in print. By 11am tomorrow, enough people will have 'seen' the budget to not bother looking again and the OBR report can be buried.
@dareilori6413
@dareilori6413 Ай бұрын
The workers/consumers will be the ones paying it in my opinion. Companies may be forced to offer less pay rise and/or increase cost of products and services. If UK businesses have to find £20b in their cost of doing business, then they will have to review their margin requirements in line with ROCE.
@NTL578
@NTL578 Ай бұрын
Seems like most of the taxation was placed on multinationals companies and billionaires.
@jivebunny3765
@jivebunny3765 Ай бұрын
Nonsense. It's all gone on small private business.
@danguee1
@danguee1 Ай бұрын
I've worked my socks off for 40+ years of my working life. I've never employed anyone and I've never required capital. But I've lived frugally and saved/invested hard. Me and my small one-man limited company are going to be hammered. So much for being responsible and saving for my retirement.... [same with my health: I've eaten healthily and kept fit - but, I know my medical 'needs' as far as the NHS is concerned, are less than the obese drinkers/smokers ahead of me in the queue...].
@nathanmitchell295
@nathanmitchell295 Ай бұрын
lol what? Labour are the party for multinationals. They much prefer everyone working for big corporations instead of starting their own business or finding their own path.
@RB-n6c
@RB-n6c Ай бұрын
If it has, wave goodbye to multinationals companies and billionaires, and say hello to higher prices and mass unemployment.
@dunnomate3587
@dunnomate3587 Ай бұрын
@@jivebunny3765not true, small businesses are actually better off with this budget, they don’t have to pay ANY NI for their staff
@equinox95
@equinox95 Ай бұрын
The UK is a sinking ship.
@justsain3236
@justsain3236 Ай бұрын
They don't want to compete with American companies like Intel, Twitter, Apple, Boeing and as a result the country becomes poorer.
@suntzu94
@suntzu94 Ай бұрын
But the brits told me “Brittania rules the waves” 😂😂😂
@dancoy09
@dancoy09 Ай бұрын
​@@suntzu94 How's the weather in Moscow?
@CardinalNous
@CardinalNous Ай бұрын
@@dancoy09 Economically better than the UK
@AGTC009
@AGTC009 Ай бұрын
It already has ! It's a submarine.
@manojchowdhary4208
@manojchowdhary4208 Ай бұрын
So to summarize- much higher taxes, higher government borrowing, somewhat higher investment but still lower growth? 😢😮
@Centaur987
@Centaur987 Ай бұрын
Need to take into account the black hole in the budget at the end. Comparing the March OBR figures is disingenious as they said their figures would have been materially different if given the full information
@KS-kn9tn
@KS-kn9tn Ай бұрын
The “black hole” is what they want to pay themselves they are self serving, arrogant thieves
@danmks2
@danmks2 Ай бұрын
Absolutely. Not clear at all that this has been accounted for. Ergo, the comparison is unlikely to be valid
@dareilori6413
@dareilori6413 Ай бұрын
So, what are those lines hidden from OBR? Compensation? We look forward to seeing what OBR did not know in March that now known?
@joskowal3711
@joskowal3711 Ай бұрын
I agree this was really irresponsible analysis... I'm all for giving the government a hard time but outright misrepresenting data to put them in a bad light is wrong.
@Charlieb6308
@Charlieb6308 Ай бұрын
Lies beget lies
@joeblogs5163
@joeblogs5163 Ай бұрын
I bet they could raise £B's on taxing all the gifts/bribes MP's get 😂😂😂😂😂
@4adiarmuid
@4adiarmuid Ай бұрын
just claw back tory corruption and it would raise billions
@MrSatnavatron
@MrSatnavatron Ай бұрын
it just about covers the 37 billion spent on track & trace
@rayfearne1379
@rayfearne1379 Ай бұрын
We all know, this is not a budget for Growth! It's a disaster for the UK! Labour, need to go!
@H5ddt
@H5ddt Ай бұрын
We gave the conservatives a 14 year chance let’s relax and watch
@HarleyMolesworth
@HarleyMolesworth Ай бұрын
Tax and borrowing to increase enormously to the highest ever level in order 'to drive growth' - and the growth forecast is actually downgraded significantly as a result. Genius. Great job. Not
@G3Z44
@G3Z44 Ай бұрын
So good of them to place an extra big burden on many businesses that are still recovering from covid, rising interest on Covid loans, 2 times increases in wage costs in the last two years and now further wage costs and ni costs to employers. Where has any incentive gone to take a risk and start your own business or even try to maintain one. Might as well just work for the government which it seems we are effectively going to be doing from now on in. Hardly going for growth in my opinion. This and the previous governments incompetence and level of waste is a disgrace.
@jaybee4288
@jaybee4288 Ай бұрын
People shouldn’t be starting businesses though that’s part of the point. Like it or not we are a nation of workers. It’s wrong that people in the right place, time or with the privilege to have start up funds can earn so much more than the rest of us and not contribute more.
@G3Z44
@G3Z44 Ай бұрын
@ so if people weren’t starting or operating businesses who employs everyone?
@ABanRocks
@ABanRocks Ай бұрын
Big taxes and big borrowing. Labour will destroy the economy as always. 😮
@ArcadeStunfisk
@ArcadeStunfisk Ай бұрын
Can’t be any worse than the Tories have destroyed it over the past 14 years
@robertreynolds580
@robertreynolds580 Ай бұрын
@@ArcadeStunfisk It is...we can't afford this borrowing. Put into perspective...we are now paying MORE in interest...EVERY YEAR...on the borrowing than we do for our schools.
@dovetonsturdee7033
@dovetonsturdee7033 Ай бұрын
@@ArcadeStunfisk But I understand from the manifesto that Labour had a plan?
@robertreynolds580
@robertreynolds580 Ай бұрын
@@dovetonsturdee7033 Yes...but it wasn't a cunning one!!!
@ri-lh3zi
@ri-lh3zi Ай бұрын
We all knew after furlough our taxes in the future would increase. It's just happened a lot sooner than most were ready for.
@NTL578
@NTL578 Ай бұрын
Hopefully they do go after people who fiddled it, like she said.
@alansouthall8221
@alansouthall8221 Ай бұрын
should slash spending
@PJH13
@PJH13 Ай бұрын
If it were to pay for furlough you'd see taxes increase and borrowing come down; borrowing is actually increasing a lot too though.
@damianbutterworth2434
@damianbutterworth2434 Ай бұрын
@@PJH13 yep. Never balanced the books in 20 years. The government keep making a crisis to borrow more.
@SuperJammygit
@SuperJammygit Ай бұрын
Didn’t effect the migrants in any way what so ever
@blazzz13
@blazzz13 Ай бұрын
DEFORM types obsessed with migrants- what the feck does this have to do with that?
@DarkCreed
@DarkCreed Ай бұрын
Free workforce 🎉
@seanclarke8015
@seanclarke8015 Ай бұрын
How do the cavemen always shoehorn migration into every topic. If only they applied that determination into improving communities. 😂
@DA-cf3js
@DA-cf3js Ай бұрын
Staying in free accommodation is a job now 😂
@Dongfloppy
@Dongfloppy Ай бұрын
Probably the most knobby comment thus far
@NipunSawhney93
@NipunSawhney93 Ай бұрын
This is clearly the worst budget in a century.
@jake751
@jake751 Ай бұрын
Don't talk stupid
@elrevesyelderecho
@elrevesyelderecho Ай бұрын
4:08 In short, say hello to the Four Horses of the Apocalypse: fiscal deficit, money printing, devaluation and inflation.
@MrSatnavatron
@MrSatnavatron Ай бұрын
not really any other option after 14 years of sell offs
@Centaur987
@Centaur987 Ай бұрын
Good budget. Actual spending on the economy and developing the country.
@Dan-ze4qz
@Dan-ze4qz Ай бұрын
Paying for hotels that's all we're doing
@TheSkaffen
@TheSkaffen Ай бұрын
@@Dan-ze4qz Don't forget the attack submarines.
@john-9074
@john-9074 Ай бұрын
Great budget? - The forecast is now projecting lower growth as a consequence of the increased taxes.
@NickGodwin
@NickGodwin Ай бұрын
Yep. Although joining Single Market would benefit everyone.
@paulbird3235
@paulbird3235 Ай бұрын
This is exactly what the Tory's failed to do. They were to busy looking after their friends, and robbing the poor.
@dancoy09
@dancoy09 Ай бұрын
Tax them rich! Love it and look at the Russian bots here trying to downplay everything
@leonmorris7862
@leonmorris7862 Ай бұрын
Yeah instead they're just taxing small businesses
@dancoy09
@dancoy09 Ай бұрын
@@leonmorris7862 make sure to really look at the budget. Research pls!
@moonstomper68
@moonstomper68 Ай бұрын
Tax and spend, we all knew it, a leopard never changes its spots
@johnwoods7650
@johnwoods7650 Ай бұрын
I don't like Sky, but they have some mathematically literate people who are great with graphs.
@johncordey2769
@johncordey2769 Ай бұрын
Great with gaffs too.
@Afterthoughtbtw
@Afterthoughtbtw Ай бұрын
But remember that 1993 was a crisis budget? So is this. The Tories have been frittering away money to multinationals and desperately hoping they would get voted out so they could try to put the blame on Labour. The Tories plans are pointless to compare to - no-one seriously believes that had they got in, they would have actually done that. They knew they were losing, so they could promise what they wanted. Had they given a serious (and honest) manifesto economically, it would have looked dramatically different.
@robw2486
@robw2486 Ай бұрын
Taxing the super-rich will also mean they will just up sticks and leave the country. Why not stop illegal immigration, and all the spend that goes with it? Seriously.
@NSW-ye3xw
@NSW-ye3xw Ай бұрын
Sounds too much like common sense to me.
@Leprechaunmonkey101
@Leprechaunmonkey101 Ай бұрын
Their assets won’t leave they’re not magicians
@Angel-xq9yz
@Angel-xq9yz Ай бұрын
i breath out CO2 , the next green tax
@Patches748
@Patches748 Ай бұрын
Hysteria
@michaelmoran2022
@michaelmoran2022 Ай бұрын
IncreasingNI contributions for Business, will come back to bite employees,in the form of Less increasing wages going forward,bad move👎👎
@DarkCreed
@DarkCreed Ай бұрын
Or less employees who are expected to do all the job roles.
@lucaciesco9180
@lucaciesco9180 Ай бұрын
Mate they haven't increased out wages for time unless forced anyway. Employees very rare increase wages without force
@aktolman
@aktolman Ай бұрын
Yes - how on earth do they expect that to play out; how is that going to encourage growth, there might be a short term gain, but then all the affects will be negative. They don't know what they are doing.
@trepidstation
@trepidstation Ай бұрын
They don't raise wages anyway!!
@stephenjon3502
@stephenjon3502 Ай бұрын
Maybe some people shouldn’t be in business to begin with if they can’t pay their employees a decent wage….
@richardjoangreen6918
@richardjoangreen6918 Ай бұрын
Where is all the money coming from if the country owes so much already
@TimoDyer
@TimoDyer Ай бұрын
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with.
@HS-sr9ww
@HS-sr9ww Ай бұрын
Fed mate. keep printing the money= Inflation
@dareilori6413
@dareilori6413 Ай бұрын
More debt
@jivebunny3765
@jivebunny3765 Ай бұрын
100% transfer of money from private business to the state.
@PJH13
@PJH13 Ай бұрын
@@HS-sr9ww Unsuprisingly Mr Bot, the UK does not have a 'Fed' - we are not a federation.
@stephen6262
@stephen6262 Ай бұрын
Let the banks build cheap houses And rent them out to everyone
@fishing-gardening-travelling
@fishing-gardening-travelling Ай бұрын
Banks are only in it for the money. If it wasn't for the law, the banks would charge 75% interest on late and missed payments. Loan sharks 🦈
@Philip5478
@Philip5478 Ай бұрын
"Just look at how much higher that line is and that may not look like an enormous difference between those two lines, but believe me it is". Proceeds to look at line and its 1% More at most. Sick of main stream media, nothing but click bait and propaganda peddling.
@oipoip3
@oipoip3 Ай бұрын
1% of a nations GDP is a lot of money 😂
@ENRICHEDK
@ENRICHEDK Ай бұрын
@@oipoip3exactly, some ppl really need to study a financial course 🤣
@glassshatters4337
@glassshatters4337 Ай бұрын
bro doesnt know what GDP is
@stephanosuk78
@stephanosuk78 Ай бұрын
Growth in 2026 was Never going to be 2.2% a 10 year old could see that.
@spacetime3
@spacetime3 Ай бұрын
Indeed fiddled number orginally by the tories ofc
@stephanosuk78
@stephanosuk78 Ай бұрын
@spacetime3 So.
@pd1648
@pd1648 Ай бұрын
WEF - tax and control the people - Starmer loves WEF over The Commons - wake up - we are the people this affects
@vanessarealrose5919
@vanessarealrose5919 Ай бұрын
All I see is us working class suffering even more, money taken from our hard work to be used for their gain and not ours.
@user-ps3qk3xl2d
@user-ps3qk3xl2d Ай бұрын
The road to serfdom.
@sextonblake4258
@sextonblake4258 Ай бұрын
Besides promising NOT to raise taxes, the increase for the NHS was conditional on reform. This has been dropped and the media has simply not noticed.
@RonaldShea5680
@RonaldShea5680 Ай бұрын
Problem, a dangerously indebted country, the Labour party's answer, more grossly irresponsible borrowing. The future is bleak indeed.
@user-Red5hield-exp0ser
@user-Red5hield-exp0ser Ай бұрын
Borrowing from their puppet masters like they all do
@heatherlinnette189
@heatherlinnette189 Ай бұрын
With regard to secondary Class 1, Class 1A or Class 1B National Insurance contributions, the amounts paid are part of the employment-remuneration costs for the employer that are deductible as an expense in computing the taxable profits or losses of the employer's trade, profession or vocation. So in other words, the national insurance contributions that an employer pays its tax deductible,as it is classed as a business expense! so when a business works out the profit for a tax bill, they look at business expenditures, which can be deducted from the tax bill. Guess what national insurance contributions falls into this category for a business.
@MusiCoolPiyush
@MusiCoolPiyush Ай бұрын
It's funny how no one ever mentions Brexit anymore.. Look at how bad the UK economy was in the 70s before UK joined EU.. and now we are back to the same economy levels of 70s.. every other country moves forward in time.. we somehow went back 🤔🤔
@davebellamy4867
@davebellamy4867 Ай бұрын
2:25 The words public sector and investment don't really compute!😂😅
@detroitmachine1731
@detroitmachine1731 Ай бұрын
How about they stop funding the war in Ukraine and give to people in need in the UK that are starving
@MakeWhatYouCan
@MakeWhatYouCan Ай бұрын
Sure this will be unpopular, but it has to be done.
@danguee1
@danguee1 Ай бұрын
Unintended consequences: more borrowing for DEI social programmes = lower future growth (including lower efficiencies) --> lower future tax receipts --> more borrowing. Rinse. Repeat....
@BigBazz-Clips
@BigBazz-Clips Ай бұрын
increase taxes on working people to put more economic migrants up in social housing
@fishing-gardening-travelling
@fishing-gardening-travelling Ай бұрын
Lazy comment. Go get a better job.
@Supergeologist
@Supergeologist Ай бұрын
Same old Labour, eventually they will run out of other peoples money!
@r1pperuk
@r1pperuk Ай бұрын
Ultimately Ai and US corporates are going to decimate UK economy over the next 10 years. So not sure any of this will help.
@matthewmarsh9760
@matthewmarsh9760 Ай бұрын
Eliminate ILLEGAl entry to this country might save a couple of quid
@randomcomputer7248
@randomcomputer7248 Ай бұрын
OH look, when Thatcher was in power the burden was at record lows
@blazzz13
@blazzz13 Ай бұрын
Maybe it was all the money from flogging our public services and council homes?
@Coolagreen16
@Coolagreen16 Ай бұрын
And opportunities for young people leaving school was non existent. Typical Tory comment.
@nurby1824
@nurby1824 Ай бұрын
It would be she sold everything off and tried to implement the poll tax after screwing eveybody over and we all know how that ended for her.
@randomcomputer7248
@randomcomputer7248 Ай бұрын
@@nurby1824 Everyone I know who bought a council house are very pleased and it changed their lives. Fair comment to say that they should have built more to replace. No leader is perfect its mostly far from it, Pole was unfair and her greatest screw up. How ever, we could do with her now rather than the elite spineless cretins both sides of the spectrum now have.
@simonnaylor9082
@simonnaylor9082 Ай бұрын
GET STARMER OUT, LABOUR ARE A DISGRACE
@dancoy09
@dancoy09 Ай бұрын
Move to Moscow
@TimoDyer
@TimoDyer Ай бұрын
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with. The Tories and Brexshit is the disgrace.
@MusiCoolPiyush
@MusiCoolPiyush Ай бұрын
Yeah bring Johnson back.. he wasn't done screwing UK.. bring him back to finish his screwing process.. In Johnson's three word manifesto for UK and its economy - Bend It, Screw It, Brexit
@krishnagondhea7428
@krishnagondhea7428 Ай бұрын
So why did everyone vote for this change? Rishi became lamb going to the slaughter!
@TimoDyer
@TimoDyer Ай бұрын
@krishnagondhea7428 the Tories lied about the train wreck they made of the UK
@RenoReborn
@RenoReborn Ай бұрын
London's about to get a whole lot richer and the rest of us are about to get a whole lot poorer, gunna be some fun times ahead.
@roberthunt8113
@roberthunt8113 Ай бұрын
the 3bn given to the ukraine could be used to pay the heating for the pensioners wot a crap budget
@adriancurtin6012
@adriancurtin6012 Ай бұрын
A lot of extra the taxation is for long term public capital projects.
@lacdirk
@lacdirk Ай бұрын
A more material criticism of the tax burden is that from the 40s to the late 70s, marginal tax rates were 90% or near that. It made no sense for investors to take money out of their companies, they just reinvested profits into them so the businesses would expand. Achieving the same tax burden while the top 1% pays relatively nothing is obscene.
@SillySatire
@SillySatire Ай бұрын
I think not. The top 1% pays 30% of all income tax.
@lacdirk
@lacdirk Ай бұрын
@@SillySatire Right, and now ask yourself what percentage of the income they get. The reason they pay more than they used to in recent times is that their share of income has increased disproportionately. Even getting them to pay the same average rate as the people working for them will require far more drastic measures, to include the other sources of income they have (i.e. other than working).
@sonyse2t5
@sonyse2t5 Ай бұрын
UK is toast😂
@wow-um3xf
@wow-um3xf Ай бұрын
I think the main question is how does this affect the price of Freddos 😂 thats a real deal breaker
@tlaw192
@tlaw192 Ай бұрын
All this government does is increase tax tax and tax, regulate regulate and regulate. So un-innovative!!
@Laura-s3x6k
@Laura-s3x6k Ай бұрын
Should rename the Labour Party the Pinnochio Party.
@4adiarmuid
@4adiarmuid Ай бұрын
pinnochio is hunts avatar
@ZPheenix
@ZPheenix Ай бұрын
They didn't lie about anything though
@ridleyclayburn4599
@ridleyclayburn4599 Ай бұрын
We've got £3 trillion debt and they want to borrow more?
@Peter-xx6tz
@Peter-xx6tz Ай бұрын
@@ANH-1977or we could temporarily reduce the absurd expenses that weve been engaging in like giving billions in foreign aid or tens of billions in carbon capture and green energy plans
@ridleyclayburn4599
@ridleyclayburn4599 Ай бұрын
@ANH-1977 who are they? Can someone define?
@Peter-xx6tz
@Peter-xx6tz Ай бұрын
@@ANH-1977 then we enforce border control to stop illegal immigration and increase the requirements for for legal immigration to slow that aswell. There was a time when we were only taking in 40 thousand people a year, we can go back to that if we wanted to
@XLBlades
@XLBlades Ай бұрын
@@Peter-xx6tz Who's going to tell him that brexit happened!
@Kalendrian
@Kalendrian Ай бұрын
3 trillion debt caused by corrupt tory mismanagement
@phildobson8705
@phildobson8705 Ай бұрын
Next: taxes inevitably put up inflation. Interest rates up, people losing homes. More NHS £managers doesn't make me happy.
@Ruhiit
@Ruhiit Ай бұрын
Good. The big companies need to pay up more 🎉
@trashman1358
@trashman1358 Ай бұрын
Out of the frying pan, straight into the fire.
@Supposedlyimrightwingnow
@Supposedlyimrightwingnow Ай бұрын
That government borrowing chart is scary... Reform will have a right mess to clear up come 2029.
@williamgoss4691
@williamgoss4691 Ай бұрын
Great charts, thks.
@wkwnsnwk
@wkwnsnwk Ай бұрын
Who is paying this tax burden is most important. Great budget.
@k0bb
@k0bb Ай бұрын
but this will lower wages and negatively impact the employment rate - both terrible for growth which is ultimately our best way out this hole
@johncordey2769
@johncordey2769 Ай бұрын
They need to take on more tax because we are expecting 315,000 migrants to arrive every year for the next five years.. that’s a lot of hotels .. but remember none of them will be paying taxes.. just us mugs.
@leonardireland7362
@leonardireland7362 Ай бұрын
They said it's a budget not to spook the markets, so why has the Euro gone down
@anonymoushuman8962
@anonymoushuman8962 Ай бұрын
And what do we get for this? MORE UNION POWER. MORE STATE CONTROL. LESS WEALTH IN OUR POCKETS. LESS INDIVIDUAL FREEDOMS. LESS INVESTMENT. LESS ENTREPRENEURS INVESTING. LESS FOREIGN INVESTMENT. This woman is terrible for the uk. Time to protect our wealth.
@TimoDyer
@TimoDyer Ай бұрын
Boris Johnson and Liz Truss added 1 trillion to the debt. Hunt left a 22bn black hole. What a car wreck to work with.
@TheIrishny
@TheIrishny Ай бұрын
We need to keep learning the same thing over and over. Increases taxes and increasing spending leads to disaster...always.
@RonaldShea5680
@RonaldShea5680 Ай бұрын
Sterling crisis on the immediate horizon.
@adiintel1
@adiintel1 Ай бұрын
They can always debase the currency 🙃
@Claire-dg3gh
@Claire-dg3gh Ай бұрын
Great news for our EU membership application.
@scottguitars1961
@scottguitars1961 Ай бұрын
We have low productivity, skills shortages, low unemployment, £3tn national debt. Tax has to be raised. Where it comes from (and where it’s spent) is the issue. Just saying that tax overall will increase, with no nuance or context, is just propaganda.The question is, will it hit the most or least able to carry the burden.
@mariyaatanasova1556
@mariyaatanasova1556 Ай бұрын
It will. No small business will absorb the tax bill. The prices for consumers customers will go up.
@NickGodwin
@NickGodwin Ай бұрын
Simplest way to boost Growth= get into Single Market
@r1pperuk
@r1pperuk Ай бұрын
DOH 😂
@Swan67-zw9jo
@Swan67-zw9jo Ай бұрын
Yep the world's largest trading unit which is just 20 miles from our shores
@outcastp23
@outcastp23 Ай бұрын
Imagine giving up freely trading with the biggest market in the world (over 500 million) that's on our doorstep so that we could get a trade deal with a country on the other side of the world, market size 1/20 of the EU and who push lower standard of agricultural products into our supermarkets.
@stephenholmes1036
@stephenholmes1036 Ай бұрын
​then eat British and we barely use supermarkets
@jamescooper8856
@jamescooper8856 Ай бұрын
We are going to be poor under Labour than under the previous government. I’m a Labour voter I can’t believe I said that.
@danielkisero2104
@danielkisero2104 Ай бұрын
More debt longer inflation
@timphillips2902
@timphillips2902 Ай бұрын
At least Labour will no longer be in government post 2029, they are resented.
@morizwan123
@morizwan123 Ай бұрын
Yeah, coz Robert Kendrick is gonna blow them away at the next election 😂
@damianbutterworth2434
@damianbutterworth2434 Ай бұрын
We never had a 3 trillion debt back in 1993. Things are not going to get better under Labour or Tories.
@adamfull3181
@adamfull3181 Ай бұрын
Get labour out ffs
@britcan4067
@britcan4067 Ай бұрын
1000000%
@TurtlesandStuff.
@TurtlesandStuff. Ай бұрын
Why? It's a great budget and is going to actually move the country forwards after 14 years of Tory stagnation. Just look at the markets reaction to the budget.
@britcan4067
@britcan4067 Ай бұрын
@@TurtlesandStuff. ask the small businesses owners!
@NickGodwin
@NickGodwin Ай бұрын
​@@britcan4067 I heard a spokesperson for small business on channel 4 give it a positive view. 14 years of Tory corruption (VIP lanes, lying to the Queen, lying to the country). I guess some people might be bitter at having missed out on the free money.
@Whizzy-jx3qe
@Whizzy-jx3qe Ай бұрын
@@britcan4067Brexit.
@heatherlinnette189
@heatherlinnette189 Ай бұрын
look at what the Conservative party have done to the NHS ! How they’ve been trying to dismantle it and underfund it, so it’s not fit for purpose. I personally would rather pay higher taxes and have an NHS that works. What did the Conservative party do? They would use the national insurance what is the national insurance for? It’s for the NHS. Most people would agree that they would prefer to pay slightly more national insurance and have a fully working NHS then losing it. Austerity has been proven to be a false economy. It literally had a mistake on a spreadsheet that said it would work when, in fact, when the figures were done correctly said it was detrimental to an economy ! which has been proven.
@FormulaOneFix
@FormulaOneFix Ай бұрын
UK ready to bring back the Window Tax 🤦‍♂️
@At_the_races
@At_the_races Ай бұрын
For “public investment” read giving the public sector, IE the unions that fund labour, more money for doing even less.
@MrPhillipgraham
@MrPhillipgraham Ай бұрын
Why are we sending 3bn to Ukraine?!! It's over for them they are done! That should be going into the NHS.
@craphead9842
@craphead9842 Ай бұрын
Fish and chips was less than 2 bob in 1940s compare that to today of a tenner.... Tony cuenca
@eileenhackett1760
@eileenhackett1760 Ай бұрын
I'm sure that i will survive the tax exemptions on private schools and private jets
@panmichael5271
@panmichael5271 Ай бұрын
This is an EU style budget and sets the UK firmly back in the EU mould.
@Sirloincloth1st
@Sirloincloth1st Ай бұрын
Broken Britain will only be fixed by investment. The fat cats aren't doing it, so the money has to come from somewhere. In the old days, rich people invested in Britain - otherwise the Industrial Revolution could never have happened. Sadly, in the Post War period wealthy citizens have generally chosen to bleed the country dry, rather than invest. Privatised water, electriciicy, and gas being obvious examples. Even greedy rich people rely on NHS ambulances in an emergency. Those selfish rich also drive on our awful roads in their overpriced motors. Britain is OUR home, and we must spend to maintain it. Good budget.
@dorintudose8682
@dorintudose8682 Ай бұрын
Putting a negative spell of course, the things will look terrible But actually, I think that a budget for the future and will help a lot in long-term
@petertaylor1447
@petertaylor1447 Ай бұрын
I get the impression that the Government plans to borrow more - so higher interest repayments, tax businesses more - so they have lower profits for investment in new plant, kit, equipment, systems and spend more on day to day operating costs. No wonder the OBR says this budget will boost short term rather than long term growth. The presenter needed a chart of international growth comparisons. We are amongst lowest growing economies post Covid. Brexit effect?
@Side_Eye_Shibe
@Side_Eye_Shibe Ай бұрын
So... 3bn a year for Ukraine but 1.5bn for NHS beds, hubs and scanners... 🤔
@snufkinmatt162
@snufkinmatt162 Ай бұрын
They are comparing the growth forecast for the Tories which the OBR has now said was wrong due to being mislead. That's a bit dishonest.
@jonkayl9416
@jonkayl9416 Ай бұрын
Hang on, the budget increase in TAX relatiove to GDP is actually close to but less than 5% increase. The graph starts at 27%. makes it look like its allot more. The word "LIE". springs to mind on this reporting.
@darren2564
@darren2564 Ай бұрын
This is just a recirculation of our money budget. She is spending more of our money by taxing us more rather than a budget to create and grow money.
@samreid2041
@samreid2041 Ай бұрын
This budget is intending to bring in money, but in the long term. By investing in public services (via increased taxation) it creates jobs and encourages investment from both in and out of the UK, helping the economy. There is no budget which could have simply grown money and solved the issues we are experiencing in the UK without any suffering, there is no easy fix!
@palermothegoalgod-wd2wp
@palermothegoalgod-wd2wp Ай бұрын
15 billion a year in foreign aid, charity begins at home.....
@jonchrys
@jonchrys Ай бұрын
Has anyone calculated the black hole in 5 years time. If I knew how to type the symbol for infinity I would type it here. Should have spent less on NHS and reformed it for less waste instead. Should have increased income threshold to encourage people trapped in part time work to get more hours ( currently many people want to do this but they loose more in benefits than the extra pay) Instead they remain on benefits. Also If I gift something to a family member there are limits then it's taxable why is receiving gifts for MP's tax free. Why can't employers make gifts to employees and avoid tax?
@olekfornal4036
@olekfornal4036 Ай бұрын
And this is only the first budget
@chesney2008
@chesney2008 Ай бұрын
REFORM UK WILL SORT THIS MESS OUT WHEN THEY GET IN 🇬🇧🇬🇧🇬🇧🇬🇧
@1-0-v6d
@1-0-v6d Ай бұрын
the uk will be too broken to fix by then, wake up the uk is finished.
@lestrem11
@lestrem11 Ай бұрын
How does raising taxes encourage growth?
@wagie95
@wagie95 Ай бұрын
Raising taxes for those who CAN easily pay higher taxes.
@Mike_5
@Mike_5 Ай бұрын
Are we any nearer to a proper definition of a Working Person from Labour after this?
@phildobson8705
@phildobson8705 Ай бұрын
Is this budget some kind of revenge attack against people who have physical components to their job?
@colinmccarthy7921
@colinmccarthy7921 Ай бұрын
I would ask Saudi Arabia for £40 billion.They have trillions of pounds.That would put the U.K.in a solid stable state.Also we would not have to pay the money back.The Prime Minister can do this.❤️.
@kaseycornflakes1234
@kaseycornflakes1234 Ай бұрын
Starmer has `hit the ground stumbling`
@Stephanie-wf6xr
@Stephanie-wf6xr Ай бұрын
Good budget
@andrewwaller5913
@andrewwaller5913 Ай бұрын
Not really. More debt, more taxes with no growth.
@Stephanie-wf6xr
@Stephanie-wf6xr Ай бұрын
@andrewwaller5913 Whatever, more debt, at least things that needed to be done. The Cons debt, and everything falling apart😀😃
@TheRociCrew
@TheRociCrew Ай бұрын
If this guy was thirsty and was given a clean cup of water, he'd complain about the smudge of the fingerprint of the person that gave him the cup lol
@KevinTalbotTV
@KevinTalbotTV Ай бұрын
glad i left uk, tax is out of control
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