
Originally Posted by
JamesWales
I found it quite boring tbh, and budgets are one of the few things for which that isn't a grave insult.
Relatively speaking there wasn't much in it. This lack of changing the tax thresholds is starting to annoy me. A year or two is fine but keeping them as they are for the best part of a decade fundamentally changes what a high earner is. It's also an easy way to put more money in lower earners pockets.
Minimum wage going is was inevitable and good for those on it of course, but I do worry we are at a point where businesses will see cutting jobs as a means to cut costs.
Agree on a few things they did re. increasing taxes on internet deliveries, online gambling, Uber etc. Personally I would have a flat 1% tax on all internet purchases to encourage in person activities.
What else was there? The budget leak beforehand was ridiculous, but the OBRs fault it seems. Kemi Badenochs budget response was ferocious, perhaps too much so.
I don't agree with the limits to ISAs, as stock investments are risky. People shouldn't feel compelled towards them. But you can still put a grand a month in a normal ISA so I'm not that concerned about people who can afford to do that.
Mixed feelings on the two child benefit limit. I'm not convinced it's a golden ticket as Universal , credit and housing benefit are greater than child benefit. Can see why it pisses off tax payers who struggle to pay for things for their own kids too.
Markets barely moved. No bad thing. Some stability is welcome I guess, but at the same time, I can't see it changing much really.