All this Budget Speculation 23:28 - Oct 18 with 6998 views | JACKMANANDBOY | The plan seems to be to raise taxes like IHT and Capital Gains and maybe on Non-Doms etc. whilst changing the rules to borrow more. There a realistic risk here, if the tax income does not increase as planned, the very rich can work their way around these increases, and if growth is slow then the cost of borrowing increases as bond rates will go up as confidence is lost in the money markets and we will have a slow burn Liz Truss effect. With all that is happening in the World having some gold makes a lot of sense right now. | |
| | |
All this Budget Speculation on 14:22 - Nov 1 with 445 views | majorraglan |
All this Budget Speculation on 12:55 - Nov 1 by felixstowe_jack | The conservatives have never said increasing the minimum wage would lead to jobs being lost. Which is why the minimum wage increased by above the inflation rate virtually every year in the last 14 years. What the conservatives and other experts have always said is that excessive taxes on business will lead to increases in prices, lower business investments and fewer jobs. We have already heard from care home providers that the NI increase their wage bill and even more care homes will become unprofitable and will lead to closures, job losses and extra burdens on councils and the NHS. You keep posting rubbish do you never learn. Interesting that Labour lost a bi-election in Wolverhampton yesterday, a day after the buget, with a huge swing to reform. Their honeymoon period is well and truely over. |
The Conservatives opposed the introduction of the minimum wage and 1 MP even introduced a private members bill to try and undermine it. There has to be a balanced approach where taxes are fair to businesses and individuals, the last decade has seen a huge transfer of wealth to the very wealthy. Meanwhile, living standards for most people have consistently dropped and it’s only recently that real term wages have increased beyond the 2008 level - fourteen years of being poorer than we were 16 years ago. We need to make work pay, I read an article this week about a lady who wasn’t working and her cumulative benefits including PIP amounted to £33k per year including housing benefit of £900 per month, that equates to around £46k per year before tax. I’m not saying this particular person didn’t need or deserve PIP, but there are quite a few out there who don’t need it but get it. Why work when you trouser £33k for doing nowt. We need to tighten up on what we pay and to whom. | | | |
All this Budget Speculation on 14:25 - Nov 1 with 435 views | onehunglow |
All this Budget Speculation on 12:55 - Nov 1 by felixstowe_jack | The conservatives have never said increasing the minimum wage would lead to jobs being lost. Which is why the minimum wage increased by above the inflation rate virtually every year in the last 14 years. What the conservatives and other experts have always said is that excessive taxes on business will lead to increases in prices, lower business investments and fewer jobs. We have already heard from care home providers that the NI increase their wage bill and even more care homes will become unprofitable and will lead to closures, job losses and extra burdens on councils and the NHS. You keep posting rubbish do you never learn. Interesting that Labour lost a bi-election in Wolverhampton yesterday, a day after the buget, with a huge swing to reform. Their honeymoon period is well and truely over. |
Daughter works for a charity that reengages those detached from community They are all concerned already | |
| |
All this Budget Speculation on 14:29 - Nov 1 with 432 views | Scotia |
All this Budget Speculation on 11:41 - Nov 1 by onehunglow | GPS will feel the effect of increased NI vis a vis staff Many will lose their jobs Farmers are very very worried Meanwhile, we have another gutless gift unwilling to truly make the better off pay and to make us a fairer society . Many small businesses will fall House purchasers hammered . Yeah baby |
The farm thing has only really closed a loop hole. Clarkson admits buying his farm to avoid paying inheritance tax, he's bumping his gums about it now but is exactly the kind of person who should be paying tax on his "investment". Plenty of other people have doen the same, bought agricultural land to avoid IHT, that saves their family a tax bill but also increases land value for real farmers. I'm a little worried about the NI increases too but we'll have to see what happens. | | | |
All this Budget Speculation on 14:34 - Nov 1 with 427 views | onehunglow |
All this Budget Speculation on 14:29 - Nov 1 by Scotia | The farm thing has only really closed a loop hole. Clarkson admits buying his farm to avoid paying inheritance tax, he's bumping his gums about it now but is exactly the kind of person who should be paying tax on his "investment". Plenty of other people have doen the same, bought agricultural land to avoid IHT, that saves their family a tax bill but also increases land value for real farmers. I'm a little worried about the NI increases too but we'll have to see what happens. |
We will. That said,was listening to. Lincolnshire farmer today . Feeling is that it is catostrophic On a lighter note ,my daughter has a meeting at Edgeley Park ,Stockport where they have a big community liaison. She’s been invited for a corporate day at the ground . Her hubby is no football fans she’s asked me . It will have to fit in with my Swans watching duty . Last time I had a box job,was at Anfield and I was bored shyt less . | |
| |
All this Budget Speculation on 14:35 - Nov 1 with 427 views | Scotia |
All this Budget Speculation on 14:22 - Nov 1 by majorraglan | The Conservatives opposed the introduction of the minimum wage and 1 MP even introduced a private members bill to try and undermine it. There has to be a balanced approach where taxes are fair to businesses and individuals, the last decade has seen a huge transfer of wealth to the very wealthy. Meanwhile, living standards for most people have consistently dropped and it’s only recently that real term wages have increased beyond the 2008 level - fourteen years of being poorer than we were 16 years ago. We need to make work pay, I read an article this week about a lady who wasn’t working and her cumulative benefits including PIP amounted to £33k per year including housing benefit of £900 per month, that equates to around £46k per year before tax. I’m not saying this particular person didn’t need or deserve PIP, but there are quite a few out there who don’t need it but get it. Why work when you trouser £33k for doing nowt. We need to tighten up on what we pay and to whom. |
Your last paragraph is a massive problem. A good friend of mine is in a very similar situation. He reckons he'd need a job of around £40k a year to make work worthwhile when all payments and discounts his family receive are taking in to account. The problem is no political party will attempt to get this under control because the headlines would be awful. It's similar when you consider the state pension triple lock. It's totally unafforadable but after the furore around WFA in the right wing media it's here to stay. | | | |
All this Budget Speculation on 15:09 - Nov 1 with 408 views | raynor94 |
All this Budget Speculation on 14:35 - Nov 1 by Scotia | Your last paragraph is a massive problem. A good friend of mine is in a very similar situation. He reckons he'd need a job of around £40k a year to make work worthwhile when all payments and discounts his family receive are taking in to account. The problem is no political party will attempt to get this under control because the headlines would be awful. It's similar when you consider the state pension triple lock. It's totally unafforadable but after the furore around WFA in the right wing media it's here to stay. |
Triple lock unaffordable? It's going up by 4.1% giving me a massive increase of £28 a month! I worked for 42 years and contributed to my private pension, without that I could never survive on the the old age pension alone, but many have to, are you begrudging pensioners a rise? It's about time a government got to grips with people who have never worked a day in their lives. That's where savings can be made | |
| |
All this Budget Speculation on 15:35 - Nov 1 with 388 views | felixstowe_jack |
All this Budget Speculation on 14:35 - Nov 1 by Scotia | Your last paragraph is a massive problem. A good friend of mine is in a very similar situation. He reckons he'd need a job of around £40k a year to make work worthwhile when all payments and discounts his family receive are taking in to account. The problem is no political party will attempt to get this under control because the headlines would be awful. It's similar when you consider the state pension triple lock. It's totally unafforadable but after the furore around WFA in the right wing media it's here to stay. |
Quite correct that the triple lock is staying in place. It does cost a huge amount but governments have been trying to reduce burden by equalising pension age and increasing the age you get your pension due to the fact that people are living longer and are much healthier than previous generations. What is unacceptable is that labour have imposed the NI increases on GPs and care hones. Apparently GPs not longer work for the NHS and are classed as business. I wonder if Tony Blair was aware when he introduced new GP contracts he was effectively privatising GP services | |
| |
All this Budget Speculation on 15:35 - Nov 1 with 388 views | Scotia |
All this Budget Speculation on 15:09 - Nov 1 by raynor94 | Triple lock unaffordable? It's going up by 4.1% giving me a massive increase of £28 a month! I worked for 42 years and contributed to my private pension, without that I could never survive on the the old age pension alone, but many have to, are you begrudging pensioners a rise? It's about time a government got to grips with people who have never worked a day in their lives. That's where savings can be made |
Inflation is 2%, that's an increase of 100% more than inflation. In 2023 the increase was over 10%. Thoughout much of this time many public sector workers have been on strike after years of below inflation pay rises (if they get a pay rise at all) and the government ignoring the pay recommendations of independent review bodies. Many members of the public now have a problem with public sector workers getting a pay rise of about 5% because apparently we can't afford it. All the while the state pension has increased based on the highest of either 2.5%, average wage increase or the level of CPI. I'm not begruding pensioners a rise at all, but the triple lock sets it too high. Stick to inflation or the average of the above figures not the highest. Don't forget you could be a pensioner who's never worked a day in their life, receive state pension, pension credit, housing benefit, reduced council tax, winter fuel allowance, attendance allowance, some form of disability payment, free transport, reduced rates in many places savings of £10k and still get all this. Our welfare system needs massive reform. | | | | Login to get fewer ads
All this Budget Speculation on 16:04 - Nov 1 with 360 views | raynor94 |
All this Budget Speculation on 15:35 - Nov 1 by Scotia | Inflation is 2%, that's an increase of 100% more than inflation. In 2023 the increase was over 10%. Thoughout much of this time many public sector workers have been on strike after years of below inflation pay rises (if they get a pay rise at all) and the government ignoring the pay recommendations of independent review bodies. Many members of the public now have a problem with public sector workers getting a pay rise of about 5% because apparently we can't afford it. All the while the state pension has increased based on the highest of either 2.5%, average wage increase or the level of CPI. I'm not begruding pensioners a rise at all, but the triple lock sets it too high. Stick to inflation or the average of the above figures not the highest. Don't forget you could be a pensioner who's never worked a day in their life, receive state pension, pension credit, housing benefit, reduced council tax, winter fuel allowance, attendance allowance, some form of disability payment, free transport, reduced rates in many places savings of £10k and still get all this. Our welfare system needs massive reform. |
Public sector workers are getting 5% pay rise on what wage? Far different to a pensioner getting £28, and I'll be taxed when it's combined with my private pension, oh and I had £50 in 2023 when it was raised. I seriously cannot believe you think think the figures I have given you are excessive. And the example you give in your last paragraph must be very few But I do agree with you about welfare reform, far to many want something for nothing | |
| |
All this Budget Speculation on 16:09 - Nov 1 with 358 views | felixstowe_jack |
All this Budget Speculation on 15:35 - Nov 1 by Scotia | Inflation is 2%, that's an increase of 100% more than inflation. In 2023 the increase was over 10%. Thoughout much of this time many public sector workers have been on strike after years of below inflation pay rises (if they get a pay rise at all) and the government ignoring the pay recommendations of independent review bodies. Many members of the public now have a problem with public sector workers getting a pay rise of about 5% because apparently we can't afford it. All the while the state pension has increased based on the highest of either 2.5%, average wage increase or the level of CPI. I'm not begruding pensioners a rise at all, but the triple lock sets it too high. Stick to inflation or the average of the above figures not the highest. Don't forget you could be a pensioner who's never worked a day in their life, receive state pension, pension credit, housing benefit, reduced council tax, winter fuel allowance, attendance allowance, some form of disability payment, free transport, reduced rates in many places savings of £10k and still get all this. Our welfare system needs massive reform. |
Think you will find most pensioners will have worked all their life given that unemployment is around 4% and even some of those will have worked during their lifetime. I agree with you 1% of the population who have never done a day's work in their life dont deserve a pension as they have never paid anything in to fund it. | |
| |
All this Budget Speculation on 16:25 - Nov 1 with 353 views | majorraglan |
All this Budget Speculation on 15:35 - Nov 1 by felixstowe_jack | Quite correct that the triple lock is staying in place. It does cost a huge amount but governments have been trying to reduce burden by equalising pension age and increasing the age you get your pension due to the fact that people are living longer and are much healthier than previous generations. What is unacceptable is that labour have imposed the NI increases on GPs and care hones. Apparently GPs not longer work for the NHS and are classed as business. I wonder if Tony Blair was aware when he introduced new GP contracts he was effectively privatising GP services |
GP’s have been contracted commissioned services for decades and decades, since the inception of the NHS and there was a similar model before that - nothing to do with Tony Blair. I see no reason why GP’s or care homes should be exempt from the VAT increase, GP practices are well paid and partners in practices can earn a lot of money over and above what they get from the NHS. I recently claimed on a travel insurance policy as I was unable to travel to due a close relative being diagnosed with a terminal illness, getting the GP to confirm the hospital diagnosis and sign the claim was £35. If you want a travel vaccine, medical form signed you pay. You mention care homes, a guy I know has one, his net profit is £500k per annum - he can afford the 1.2% or £100 for each employee. | | | |
All this Budget Speculation on 16:35 - Nov 1 with 348 views | majorraglan |
All this Budget Speculation on 16:04 - Nov 1 by raynor94 | Public sector workers are getting 5% pay rise on what wage? Far different to a pensioner getting £28, and I'll be taxed when it's combined with my private pension, oh and I had £50 in 2023 when it was raised. I seriously cannot believe you think think the figures I have given you are excessive. And the example you give in your last paragraph must be very few But I do agree with you about welfare reform, far to many want something for nothing |
I’ve no issue with the triple lock and I’d have no issue with a higher pension for the people who’ve paid in because the current pension is poor, but when the country is in the state it’s in paying for it is the challenge. Whilst pensions are low, they’ve gone up in accordance with the triple lock (apart from 22/23 when the government suspended the increase) which is better than public sector wages which have been peg below inflation. | | | |
All this Budget Speculation on 16:36 - Nov 1 with 348 views | JACKMANANDBOY |
All this Budget Speculation on 16:25 - Nov 1 by majorraglan | GP’s have been contracted commissioned services for decades and decades, since the inception of the NHS and there was a similar model before that - nothing to do with Tony Blair. I see no reason why GP’s or care homes should be exempt from the VAT increase, GP practices are well paid and partners in practices can earn a lot of money over and above what they get from the NHS. I recently claimed on a travel insurance policy as I was unable to travel to due a close relative being diagnosed with a terminal illness, getting the GP to confirm the hospital diagnosis and sign the claim was £35. If you want a travel vaccine, medical form signed you pay. You mention care homes, a guy I know has one, his net profit is £500k per annum - he can afford the 1.2% or £100 for each employee. |
If you are running a health and care service you have to manage the whole system. This would mean putting good resources in primary care to keep pressure off A and E and making sure that there were enough care beds to optimise hospital bed capacity. The budget put £25 Billion into hospitals and 600 Million into care and nothing I can see into Primary Care. The £25 Billion will end up getting swallowed by over worked hospitals because GP services and care services are already over subscribed. You don't have to be a genius to understand that because governments have been doing the exact same thing for decades and our population is getting older and sicker. The same nonsense but different government. I bet that nobody has done the whole system modelling for this budget. How do I know this because the Treasury has said it is now (today) talking to health about the impact on GPs. You could not make this shit up. [Post edited 1 Nov 16:40]
| |
| |
All this Budget Speculation on 16:41 - Nov 1 with 337 views | controversial_jack |
All this Budget Speculation on 16:04 - Nov 1 by raynor94 | Public sector workers are getting 5% pay rise on what wage? Far different to a pensioner getting £28, and I'll be taxed when it's combined with my private pension, oh and I had £50 in 2023 when it was raised. I seriously cannot believe you think think the figures I have given you are excessive. And the example you give in your last paragraph must be very few But I do agree with you about welfare reform, far to many want something for nothing |
Of course it's taxed if you combine your earnings and it goes above the threshold. That's obvious to everyone. You have to pay your way like everyone else. Do you think you are special? Do you want things for nothing? | | | |
All this Budget Speculation on 16:44 - Nov 1 with 339 views | majorraglan |
All this Budget Speculation on 16:36 - Nov 1 by JACKMANANDBOY | If you are running a health and care service you have to manage the whole system. This would mean putting good resources in primary care to keep pressure off A and E and making sure that there were enough care beds to optimise hospital bed capacity. The budget put £25 Billion into hospitals and 600 Million into care and nothing I can see into Primary Care. The £25 Billion will end up getting swallowed by over worked hospitals because GP services and care services are already over subscribed. You don't have to be a genius to understand that because governments have been doing the exact same thing for decades and our population is getting older and sicker. The same nonsense but different government. I bet that nobody has done the whole system modelling for this budget. How do I know this because the Treasury has said it is now (today) talking to health about the impact on GPs. You could not make this shit up. [Post edited 1 Nov 16:40]
|
As far as I can see it’s gone to the NHS, there’s nothing to say Primary Care won’t benefit. In Wales, the 7 Trusts are responsible for Primary Care and Secondary Care, the Trust commission Primary Care and NHS Dentistry services. I’d imagine there’ll be an uplift in both GP and Dentistry service capacity. | | | |
All this Budget Speculation on 16:57 - Nov 1 with 322 views | raynor94 |
All this Budget Speculation on 16:41 - Nov 1 by controversial_jack | Of course it's taxed if you combine your earnings and it goes above the threshold. That's obvious to everyone. You have to pay your way like everyone else. Do you think you are special? Do you want things for nothing? |
Dear Mr Troll, I don't want or expect anything for nothing, everything I have got I have worked for which has given me comfortable lifestyle, I can even afford to eat out. I was merely pointing out that a lot of pensioners have to live on their old age pension alone, and the rises are a pittance I hope you being a landlord are declaring all your incomes | |
| |
All this Budget Speculation on 17:11 - Nov 1 with 317 views | JACKMANANDBOY |
All this Budget Speculation on 16:44 - Nov 1 by majorraglan | As far as I can see it’s gone to the NHS, there’s nothing to say Primary Care won’t benefit. In Wales, the 7 Trusts are responsible for Primary Care and Secondary Care, the Trust commission Primary Care and NHS Dentistry services. I’d imagine there’ll be an uplift in both GP and Dentistry service capacity. |
The budget was for NHS England, Wales and Scotland set their own budget and manage the NHS in those countries from their Parliaments. Primary Care services such as GPs, Dentistry and Opticians etc. are run on the basis of contractors for the NHS in England. Therefore they are taxed and regulated separately from the secondary care in NHS hospitals. It's all available to read and understand. | |
| |
All this Budget Speculation on 17:12 - Nov 1 with 316 views | onehunglow |
All this Budget Speculation on 16:57 - Nov 1 by raynor94 | Dear Mr Troll, I don't want or expect anything for nothing, everything I have got I have worked for which has given me comfortable lifestyle, I can even afford to eat out. I was merely pointing out that a lot of pensioners have to live on their old age pension alone, and the rises are a pittance I hope you being a landlord are declaring all your incomes |
And the old pensions less than the new We have crapped ll over older people in appalling fashion Care costs Inheritance Tax Yeah,fair game for these . | |
| |
All this Budget Speculation on 17:24 - Nov 1 with 312 views | majorraglan |
All this Budget Speculation on 17:11 - Nov 1 by JACKMANANDBOY | The budget was for NHS England, Wales and Scotland set their own budget and manage the NHS in those countries from their Parliaments. Primary Care services such as GPs, Dentistry and Opticians etc. are run on the basis of contractors for the NHS in England. Therefore they are taxed and regulated separately from the secondary care in NHS hospitals. It's all available to read and understand. |
That’s exactly the way in works in Wales. Just because the money is going to the NHS England it doesn’t mean there won’t be an increase in Primary Care funding, there’s extra money for estates and I’m pretty sure money will be apportioned as required. | | | |
All this Budget Speculation on 17:37 - Nov 1 with 306 views | JACKMANANDBOY |
All this Budget Speculation on 17:24 - Nov 1 by majorraglan | That’s exactly the way in works in Wales. Just because the money is going to the NHS England it doesn’t mean there won’t be an increase in Primary Care funding, there’s extra money for estates and I’m pretty sure money will be apportioned as required. |
Services such as GPs are outside the public sector, please read up on this. The problem is the £25 Billion will get eaten up running the service as it is, rather being invested in infrastructure or new ways of working. So nothing changes apart from the costs.Thats a problem because the UK is on the same path as France where tax and spend has hit the buffers because debt interest is eating into the spending of the government and is pushing up the cost of borrowing even further. Barnier is having to put together emergency taxes and spending reductions. If we don't turn things around we will be in the same place heading for high taxes and austerity at the same time. [Post edited 1 Nov 18:05]
| |
| |
All this Budget Speculation on 19:27 - Nov 1 with 272 views | Scotia |
All this Budget Speculation on 16:09 - Nov 1 by felixstowe_jack | Think you will find most pensioners will have worked all their life given that unemployment is around 4% and even some of those will have worked during their lifetime. I agree with you 1% of the population who have never done a day's work in their life dont deserve a pension as they have never paid anything in to fund it. |
That doesn't make them a charity case and them getting a 10% income increase when people who may be caring for them or collecting their bins are earning less now (and not much more than state pension) than they were ten years ago is grossly unfair. | | | |
All this Budget Speculation on 19:32 - Nov 1 with 259 views | AnotherJohn |
All this Budget Speculation on 17:37 - Nov 1 by JACKMANANDBOY | Services such as GPs are outside the public sector, please read up on this. The problem is the £25 Billion will get eaten up running the service as it is, rather being invested in infrastructure or new ways of working. So nothing changes apart from the costs.Thats a problem because the UK is on the same path as France where tax and spend has hit the buffers because debt interest is eating into the spending of the government and is pushing up the cost of borrowing even further. Barnier is having to put together emergency taxes and spending reductions. If we don't turn things around we will be in the same place heading for high taxes and austerity at the same time. [Post edited 1 Nov 18:05]
|
JM&B is correct to say that most GPs are independent contractors, akin to small businesses, and it is GP partners/providers working in this way who will be affected by the changes to NI. However some people may be confused because they may have come across GPs who are salaried. With that in mind I amused myself by checking on the current breakdown in Wales. There are actually several types of GPs you may come across. Most of the figures below are for 2024 in Wales. • c1130 FTE GP partners/providers (on Welsh Unified GMS contract) • c380 FTE Salaried GPs (mostly employed by practices using salaried GP model contract. In England some are working for private chains run by companies like Virgin using AMPS [Alternative Medical Provider Services] contracts). • 414 FTE GP registrars (trainee GPs) • 11 FTE GP retainers (typically older GPs working part-time to maintain skills) • 142 FTE active GP locums – temporary cover Note that FTE numbers are lower than headcount numbers because of part-time working. https://www.gov.wales/general-practice-workforce-30-june-2024-html#156502 (latest summary stats) https://www.gov.wales/general-practice-workforce-31-december-2021-html#:~:text=T (latest detailed report) • First two categories not separated in 2024 report so are estimated from 2021 year Additional info on the split between partners and salaried GPs https://www.bmj.com/content/355/bmj.i5064 https://www.bmj.com/content/366/bmj.l5001 https://blogs.imperial.ac.uk/medical-centre/2022/03/02/should-gps-in-england-be- https://lowdownnhs.info/explainers/are-gps-already-privatised-or-still-part-of-t Are there any salaried GPs who work directly for the NHS? It seems there may be a handful in England, possibly employed under the NHS ARR (additional roles reimbursement) scheme. I am not aware of any in Wales, but am not a specialist in this area. [Post edited 1 Nov 19:38]
| | | |
All this Budget Speculation on 19:33 - Nov 1 with 256 views | Scotia |
All this Budget Speculation on 16:04 - Nov 1 by raynor94 | Public sector workers are getting 5% pay rise on what wage? Far different to a pensioner getting £28, and I'll be taxed when it's combined with my private pension, oh and I had £50 in 2023 when it was raised. I seriously cannot believe you think think the figures I have given you are excessive. And the example you give in your last paragraph must be very few But I do agree with you about welfare reform, far to many want something for nothing |
The wage is potentially the minimum wage. And doing unpleasant jobs. Do you know, I bet the example in my last paragraph probably is nowhere near as rare as you think. Especially among those who know how to play the system | | | |
All this Budget Speculation on 21:00 - Nov 1 with 202 views | Joesus_Of_Narbereth |
All this Budget Speculation on 19:33 - Nov 1 by Scotia | The wage is potentially the minimum wage. And doing unpleasant jobs. Do you know, I bet the example in my last paragraph probably is nowhere near as rare as you think. Especially among those who know how to play the system |
We discovered during the covid pandemic that pretty much all the jobs that were designated as “essential” to our country were minimum wage jobs. Hardly anyone else is really needed. | |
| |
All this Budget Speculation on 21:09 - Nov 1 with 196 views | Scotia |
All this Budget Speculation on 21:00 - Nov 1 by Joesus_Of_Narbereth | We discovered during the covid pandemic that pretty much all the jobs that were designated as “essential” to our country were minimum wage jobs. Hardly anyone else is really needed. |
And often done by immigrants. Controversial shout, but how about stopping all benefits for those who can work but aren't? | | | |
| |