This Budget That's To Be Aimed At 'Working People' And 'Strivers'.

[sandyRoe]

What's to become of us rentiers, the OAPs, the deserving and undeserving poor?

[douglas9401]

I belive the current government line is "you can *** right off" although it may moderate as an election looms.

[nicebloke1]

Well for 18 months the workers got paid to not go to work ( covid) some are still sitting on their backsides at home. You could say payback time. Yet another black hole for KS to cover.

[New Judge]

I don't know what's to become of you. 

But this budget for "workers and strivers" would probably be more aptly called one for "shirkers and skivers" (and public sector employees).  

I struggle to think how it can be designed for either workers or strivers and a few sums illustrate why:

For the workers: if you are working, you have had £12,500 of your income paid before income tax was deducted since April 2019 (OK, you were kindly granted an extra £70 in April 2021). From next April you will still have only £12,570 tax free. In that six years, inflation totalled 25%. So workers now have the equivalent of only just over £9,400 tax free.

That’s if you still have a job. It is rumoured that employers’ NI contributions are to be increased by two percentage points so they may be reluctant to employ as many staff as they currently do.

For the strivers: the higher rate and additional rate income tax thresholds and rates are also set to remain unchanged (at least, it hasn’t been leaked that they will change). So if you earned £100,000 this year you will pay a total of £28,928 in Income Tax and National Insurance. If you do a bit of striving and manage to secure a £10,000 rise, next year you will see an additional £6,200 deducted from your pay. So the government will see near enough two-thirds of the fruits of your extra labours. Hardly worth striving for.

[ToraToraTora]

"This Budget That's To Be Aimed At 'Working People' And 'Strivers'." - well that'll be a first, Labour traditionally hate "strivers" they prefer skivers and ponces.

[Ryzen]

The thing is TTT ....skivers aint got anything worth taxing.

[naomi24]

This government speaks with forked tongue.  Whatever they tax is likely to affect everyone - even the skivers.  The price of everything will rise for them too.

[nicebloke1]

The price of everything went sky high before the GE.

[douglas9401]

Except Boris' book, heavily discounted on launch.

[nicebloke1]

If he had told the truth in that book it would have been on the top shelf.  •<#:○)