The most shocking part of the Budget was the news that 1.4 million people have become unemployed in the last 3 days.
Westminster Politics
- Thread starter altodevil
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Can't remember a Budget with this many cheap quips and gags. If anything they make Hammond more irritating.
Ugh.
Corporate indexation relief being stopped, that's interesting.
So with new bands that what a £70 tax saving for those within lower and if you're also in higher band a £450 saving.
Whether raising both thresholds is right or wrong it's annoying that the government will always highlight and go on about the starting rate but never say an additional word about the higher.
Stamp duty holiday..sigh..knew that would happen after i just paid thousands a few month ago
Oh great they massively cut stamp duty 5 months after i buy my first house.
Feck you Tories.
Feck you Tories.
Labour's focus group - be very shouty.
What an uncouth rabble, eh Nicholas? That's definitely what we should be discussing in here today, I'm glad you brought it up.
Immediately followed by the Tories shouting over Corbyn.
Is this the first time you have watched what happens at the House of Commons?
Just Labour? If anything the Tories have been worse. To be fair to the Liberals, you couldn't here them for some reason.
The headline really should be the terrible growth predicted but he's probably done a decent enough job hiding that news.
They must have found another money tree since they criticised these proposals when they were Labours
They must have found another money tree since they criticised these proposals when they were Labours
With inflation twice as high, so cost of living will continue increasing.
The housing policy had a few nuggets in there, particularly if he carries out the threat on CPOs and the like when developers sit on planning permission. I know f a case near my parents, where the site was idle for 18-months or more.
Generally speaking, Hammond is too cautious to be useful and Corbyn too wasteful to be trusted. Unless someone else rises to the fore, another coalition might be the most practical government once Brexit is secure.
Very much so.
A predetermined approach rather than natural though. It might play well with the average voter.
Generally speaking, Hammond is too cautious to be useful and Corbyn too wasteful to be trusted. Unless someone else rises to the fore, another coalition might be the most practical government once Brexit is secure.
Very much so.
Is this the first time you have watched what happens at the House of Commons?
A predetermined approach rather than natural though. It might play well with the average voter.
A coalition will never be a practical option in a partisan climate where MPs are also so self serving to boot.
Those growth figures are shocking.
Glad they're raising the personal tax allowance again. Its stuff like this which the low income workers truly benefit from.
Also unlikely to happen. The Lib Dems would probably be too small to hold any real power meaning the SNP would be the only viable option. Which won't happen.
£4.7m for poppy factories. But remember, it definitely isn't a political symbol.
Bit daft in his logic to be fair. It's not really "spare" money if it's been saved for your first house, is it?
If you're saving, you've got spare money at some point presumably? Unless you're starving yourself to death to do it.
I suspect spare was a deliberately chosen word to spin the money as something not really needed. Pex is right, many are working overtime or have second jobs and are scrimping on everything to save that house deposit, so spare was a misleading term.
Having cleared that up, the cash should have been spent on improving supply of housing, not increasing demand.
Having cleared that up, the cash should have been spent on improving supply of housing, not increasing demand.
Or you're prioritising buying a house over other non-essentials? I'd agree if it was stamp duty for everyone and was there to be exploited by developers but it's for first time buyers. I think it's important that we pick our arguments correctly on the left and I think he's opened himself up to ridicule there.
£70 a year?
My missus' pensions add up to less than the personal allowance anyway.
Any comments from the caftards that bang on about rich pensioners all the time?
Any comments from the caftards that bang on about rich pensioners all the time?
The Stamp Duty announcement getting a bit of a panning by the OBR, stating it will actually benefit owners rather than first time buyers due to a likely increase in house prices.
Headlines should be the terrible growth forecast up to 2022
If we see those growth figures post Brexit we will be doing well given most people on here seem to think that we will sink into a deep depression and be begging the EU to take us back.
What growth figures do you expect post Brexit? I would have thought avoiding a recession would be a result.
That rather depends on the alternative.
As someone who's been checking the likes of Rightmove every day for the past six months, the idea of significant increases seems to run contrary to the ongoing trends locally. In fact, we wonder if an owner who refused one of our previous offers might call us this afternoon (before she feels pressured into lowering the asking price).
Sounds like such a dud budget. Thought it was gonna be revolutionary.
Fairly humdrum, but there isn't the money to throw around tbh. Beer prices frozen at least
There were quite a few modest, not very showy announcements. Which i guess is in keeping with Hammond's style. While he shouldn't have gone full-on money-tree, the political situation right now called for something more...proactive.
Pleased about stamp duty, it's going to cost me about 1/3 of what it would have done before.
My only question is - this could potentially push house prices back up right?
My only question is - this could potentially push house prices back up right?
Yep, there's the rub.
This regional breakdown is interesting- 1,100 of the 1,120, or 98.2%, properties for sale in Hull are sub-£300k- the highest in the country.
In London only 2,637, or 5.3% of the 49,733 properties for sale are under £300k- the lowest in the country.
Aren't you in London though? I bought a new house this year and am pleasantly surprised by the increase in values of houses in the market within just the past 9 months.
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I meant the system of the personal tax allowance as a whole. A decade ago the allowance was for £5,225, In 2018, it'll be £11,850. Its the low income workers who benefit by this.