UK Autumn Budget 2024 - £40bn In TAX Increases

[@polonium13]

Over the last 20 years, we have seen the introduction of self-service checkout, debit card petrol pumps, automated phone systems, online banking, shopping and utility provider accounts, hybrid working in most offices, and so on. Companies have saved millions in salaries, office/shop space, furniture, document storage, cash handling, security etc. And yet, their charges continue to increase while their overheads reduce. Someone's getting rich and it ain't us.

[@suecharnock9369]

the problem is - their overheads HAVE increased. Many shops in my local city are now empty due to council tax rises alone.

[@polonium13]

@suecharnock9369 I wouldn't argue with that. I work in local government and we've done nothing but try to make savings while demand for services goes up, along with the cost.

[@CharleyB60]

Agricultural Relief ….well farmers don’t tend to have a lot of cash, just the farm so if they pass the farm to their children at death there is no Inheritance tax, so if they now how to pay inheritance tax they may have not have the funds to pay the tax and have to sell it. This is very important as farms will start to be sold off then where is our food going to come from. Farmers are struggling as it is.

[@missworm]

Spot on. It’s another way to get house-building land.

[@suecharnock9369]

exactly! I have a friend in exactly this position. They are in tears. There is NO WAY this is going to work. Our farms will be bought up by housing conglomerates to build on and put solar 'farms' on (same effect - NO FOOD) or, like that which has happened in the USA - China will quietly buy them up. So, good luck on increasing food production now. All that lovely carbon rich process of bringing in of food stuffs now will increase and so will our food prices. Welcome to inflation and more inflation.

[@ravenblack2262]

@@missworm for the immigrants

[@69bock69]

Trust

[@dingodave3016]

Bill gates has alot of farmland 😮

[@stevenarnott9800]

House of commons pension tax free

[@zerosumequation]

A tax prisoner of the UK because I can't afford to leave . . .

[@brianhood4182]

My late father said that when Labour is in power the bosses keep their hands in their pockets, and when the Tories are in power they take their hands out of their pockets and spend there is a bumpy road ahead sadly.

[@Life-on-the-Edge]

Good video Mike 👍

[@Andygb78]

I would've emigrated if I had the chance. I've never met the criteria for the US or Canada and am getting on a bit now, so I'm probably stuck here. I'd recommend to anyone who's younger to look to moving to Aus, NZ, US or Canada if you can.

[@sweeta17]

from many videos a while back and quite resently . the countries you mention many of their people and foreigners there have and are also leaving . hardly anyone seems to be happy in their own andtheir adoped countries anymore . same with other countries .

[@suecharnock9369]

my position too! Sadly I have little to move elsewhere on. Am even thinking of Europe!!

[@merlindeg7605]

Cost of living is huge in all those countries..

[@Andygb78]

@@merlindeg7605 More opportunities & no real class system, though. Less likely to be directly attacked in the event of a war, too.

[@Guitar6ty]

Wrong China and SE Asia are safer and much more civilised than anywhere in the west. Thanks to mass immigration which is destroying the west.

[@chronicles8324]

some people think its a deliberate act of self destruction, related to wef, no one can be stupid enough to think pumping up taxes will help the economy, so they know exactly what they are doing

[@wiggy1066]

same mike, i wish i could afford to take me and my kids out of the uk. i am so angry about everything. trying to breath and stay calm...

[@waynekerrr9027]

It's...my children and I 😂😂😂

[@SylviaLaidlow-Petersen]

And all that extra revenue from our pockets to the government coffers is the equivalent of the increase in government spending on missiles for Ukraine.

[@kerryl4031]

Knock on effect will hurt everyone.

[@puppets.and.muppets]

gentlemen. gird your grillions.

[@david69869]

Stock and share isa is the gift that keeps on giving

[@sweeta17]

as the saying goes get a bit more money into 1 hand it gets taken away with the other hand hence where is the point of it all every time .

[@macnottsuk]

No worries we are preppers - we prepared for this yes, right? 🤣

[@thedorsetbeachbum]

Cheers bud

[@silverbladeTE]

Get gold & silver "Coin of the Realm" while you still can, folks...the price is going to the moon, and the Westminster scuzz might ban us Plebs form getting any!

[@rodssolar8253]

Well it’s a dam good thing we all prep for things like this, at least we have a little put by to help cushion the blow

[@Star-s2x]

Sorry if I missed it,if you said...but when do these changes come into place?

[@UKUrbanPrepper]

@@Star-s2x some stuff straight away some dated. The vape tax 2026 etc.

[@laurendamasoruiz]

It depends. Some start tomorrow (stamp duty on second homes)

[@samwills7141]

Thanks mike, for breaking it down into plain facts.

[@UKUrbanPrepper]

@@samwills7141 loads I haven’t covered. Just initial reaction at this stage.

[@Leepatrick3868]

No one is any better off , they give with one hand and take with two!

[@scoobyflew]

Only people who live off benefits or rock up on a boat, they won't notice.

[@snapdragon2441]

It took me years to get my husband to stop smoking. The only way he could do it was to start to vape. Yes it’s cheaper than smoking, hopefully healthier, but if the6 keep putting the price up I’m not sure how it will effect him if he cannot afford it. He is 65 and started smoking at 13.

[@UKUrbanPrepper]

@@snapdragon2441 a compile over 2025 at least you will get a cushion when the tax comes in 2026

[@Anarchy3457]

So who do you think they should tax, I know I pay enough, maybe those who can shoulder a bit more should pay a bit more

[@UKUrbanPrepper]

@@Anarchy3457 we all pay enough. It’s about it being miss managed money not taxing more…. Don’t need HS2 we need winter fuel allowance. Don’t need to pour endless money in to NHS it needs mass reform. Don’t need more so called Affordable housing we need social housing. Don’t need more money in welfare we need to make it WORK.

[@bannedagain.8334]

Bosses will make employees self employed contractors...and pay no NI

[@williamgates2567]

Stock up on disposable vapes

[@richardlynch7493]

get out if you can it is over here

[@jonathanheyes299]

Hi Mike thanks for your update. Which ever way you look at it the cost of employing someone is going up a lot. How is that going to help? All the best

[@Guitar6ty]

Well if you dont pay people to live a half way decent life why would they bother to even go to a crappy job.

[@philipbirchall54]

Stick to prepping lad politics ain't your thing

[@UKUrbanPrepper]

ahh.. condescension, without explanation, the true calling card of the petty keyboard warrior. Stick to the faceless profile commenting LAD.

[@philipbirchall54]

@UKUrbanPrepper the faceless lol grow up as for prepping your survival skills are zero if you need tips in politics and survival just ask 😉

[@MrProtector65]

Brexit is on course to cut UK trade by 15 per cent, the government’s independent financial watchdog has warned. Vote Leave campaigners argued that British trade would receive a boost from exiting the European Union in the run up to 2016’s referendum. But in documents published alongside Rachel Reeves’ Budget the Office for Budget Responsibility (OBR) said that “weak growth in imports and exports over the medium term partly reflect the continuing impact of Brexit, which we expect to reduce the overall trade intensity of the UK economy by 15 per cent in the long term.” The prime minister has said that he wants to reset the UK’s relationship with the EU, fixing it for the benefit of “generations to come”. But Labor has specifically ruled out any return to the EU’s customs union or single market, despite calls to go further and faster with the plans, amid warnings over the cost of Brexit to the wider economy. We spend 95.4% of GDP, and remember in 2025 all banking ceases with the EU, Will We Never Learn, wonder where I could buy a boat, should be some spare ones on the coast somewhere in the UK, regards all. 😎

[@UKUrbanPrepper]

@@MrProtector65 again I will say this. Brexit wasn’t the problem in principle it could have been the best thing ever for us. It was the buffoons trying to negotiate new deals that plunged us

[@MrProtector65]

Thankyou for your reply, but, you say, Brexit wasn’t the problem in principle, unfortunately politicians have no principles and exploited people for their own ends, just like Clacton-on-Sea voting for Farage as member of Parliament, and like the Cornish Fishermen, they will never see him again, except on traitors gate with the rest, looking forward to the future, of being part of the world, regards. 😁

[@johnlesoudeur3653]

Who cares about beer.

[@UKUrbanPrepper]

@@johnlesoudeur3653 the 2% of people who can still afford too go out.