UK government announces further tax cuts 

Just straight up blown on fuckin nothing I hope an investigation comes with labour and I hope they are given sentences they have bled the country dry public transport costs going up train costs are just abhorrent and completely unjustified for what we actually get at your typical train station in the uk this place under tory rule has become a toilet and until there flushed the shuts just going to get worse

27 years of Neo-Labour and Torys you mean

How about you try and understand the problem instead of resorting to conspiracy theories???

​@jamesart6568 neo Labour? You what? You mean the guys that raised taxes sky high for rich people and pumped money into public services?

Or handed over to Israel and Ukraine 😅

Thanks as serious as it all is I read extra tuppence and I burst out into a laugh. Thanks.

@@legalzero1 it does feel accurate though innit. Us peasants scrounging for tuppence while the best performing companies in Europe at the moment are Louis Vutton and Hennessy.

thats one of the main burdens on government social services/ local councils who bring in contractors....

@@eelm2079 Because the Tories starved our services of cash, jobs were lost and contractors needed to be used.

And we have all those American wars to slavishly support.

The poor haven't got 1p a week to contribute to anyone. All wiped out.

How does lowering NI increase the burden on the poor?

@@gorgolyt Who do you think ends up paying for unfunded tax cuts the Tories make?

@@AndyM_323YYY It adds to the national debt, so everybody, in the future. Why, did you think only the poor pay the national debt?

​@@gorgolyt considering the poor account for 99% of the british population under this government i think its a fair assumption

They are abolishing non dom tax status were you listening??

@@inbb510 not for 2 years. why didnt they do it 14 years ago and save us 40bn?

The wags of all of them should pay double tax. Companies like Amazon should also be severely taxed. All companies that pollute should face much higher taxes than those who don't. They're not taxing the right people. The right people are the rich, anyone with capital over say £5 million should face higher taxes.

@@kanedNunable because low taxes are a way to attract foreign talent with the tradeoff of low tax returns. We are in desperate need of high skilled workers and key business sectors which Europe as a whole are weak in which are media tech, semiconductors, artificial intelligence and green technology. Europe is the most taxed part of the world. Rich high skilled workers simply won't come if it means that they are their business will just be punished by high taxes. Sure it is controversial no doubt but our skills gap is just going to grow if we don't have immigration at the moment. We don't have to the capacity to innovate as all the young entrepreneurs have moved to places like the USA, Canada, Australia and New Zealand where pay is higher and taxes are lower for people who want to grow their business. Bare in mind 14 years ago, we were still recovering from the financial crisis and taxes were increasing so there wasn't any incentive to tax people more.

People in this comment section seem to care much more about the rich getting poorer than themselves getting richer.

100%

Should be in jail for a lot of other reasons too !

They do if you work.

@@terryj50 and earn over 26k which most dont as wages are stagnant you cant polish a turd so why try

The Labour Party never look after us, the indigenous working classes either. I intend to vote reform. I want something different

Sorry, how much is council tax rising? £10 a month?

@@Mysterkomaand theyve frozen the income tax thresholds????? There’s the rest of the money gone

local goverment isnt underfunded its just terribly run, like everything else

You do know there’s no legal obligation to pay council tax right? Like you can challenge it and take it to trial and the council will be unable to produce a legal obligation and will keep sighting the pantomime acts about council tax that don’t hold up in equity law

Local councils are not underfunded, they are just useless, like the government

It's okay because they will just leave when it get bad.

It’s a election budget isn’t it they hike it straight back up if they win election lol

Maybe we should encourage Politicians to invest in lottery tickets and balance the books with the winnings…maybe even stretch those winnings to cover their salaries too…that’s the type of creative thinking that might encourage me to actually vote…it’s not right that they can gamble with public funds and then make the population pay for the losses..!😇

They're not in the least bit borhered - it's we, the working class, who'll be paying for it all, whilst the 'shirking' class (aka grifters !), keep on living the high life, at our expense !

And they will blame Labour for it later on, mark my words. Let the nation remember, the Tories are a fiscally irresponsible party, just as bad if not worse than Labour.

We dont need tax to fund infrastructure. Inflation doesn't automatically go up because you print money. It I lay does when you give out money to people and they use that money to survive. We saw that happen during covid. The US prints money ALL the time for their defense budget and yet inflation isn't that bad for them. We could do the same for infrastructure. What we don't have is political support. Because they only care about themselves and their rich friends. Not the country

The Tories took us out of Europe so we wouldn't have to conform to EU laws limiting tax avoidance.

how about instead we lower tax for the most well off who have more money than they can spend in 10 lifetimes?

@@gordon1201 While I do agree somewhat on printing money =/= inflation, the US is in a unique position with their currency, as it's basically the worlds reserve currency. Tax loopholes should still be closed up, as well as shifting the tax burden towards the rich is still not a bad idea. They won't feel it as hard as normal people, and make their money off the less wealthy's labour

Or we could just stop importing Africa.

He's a landlord. Doesn't give a toast what elections will do to him 'Just gotta milk the system before I leave' - Jezza, probably

@@kumstuke Oh he's bothered all right, hence all the money his given to his constituency Conservative Party

It will be. And then we'll have an even worse lot in. We're screwed either way.

lol

And with knowledgeable interviewer laughing in his face, He keeps pleading -- "Let me explain it ...."?

🤣🤣🤣

Don’t worry labour will be in soon to rob working people more to pay for the ones who don’t work.

Let's start a petition! I am serious.

With an ageing population working for longer has to happen, dummy.

That's pretty much inevitable if we continue having low birth rates and an aging population. That's especially the case if you don't want high immigration.

​@@inbb510 we've already got high immigration just in case you hadn't noticed !

@@jamesbarbour8400 , yes... So without them, we are going to have a lower fertility rate and less taxpayers with the same amount of retirees hence taxes are going to have to increase along with the retirement age to reduce the tax burden for the young. The welfare state is an unsustainable Ponzi scheme without enough young taxpayers to fund it.

@@DARKINBLADE. , yes and the reason why we can't reduce the work hours is because the population has aged so much and the pool of younger people has got so small that a reduction in work hours will just hurt the economy even more as not enough tax revenue is being generated collectively. Sure you can try and tax the extra billionaire and get a few tens of millions more in taxes but the State budget is £1.1 billion with most of that money coming from low and middle class earners as a collective. Gen Zs not having children, whether that be due to the rise in people choosing to be childless for a stress free life or more people identifying as LGBTQ means that fertility rates will decrease even further. Unless us Gen Zs learn to embrace the old tradition starting a family while living with parents then this problem will get worse in the long run. If we as the British population don't want more immigrants then we will have to have more children and some living with parents to do so.

Pretty much so

“Stealing your money” is giving tax cuts thus stealing less of our money (cause taxation is theft)?

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jIay3uL17Jg.htmlsi=CGTqUu1m4X6LaBly

And let's allocate 1 million for a funeral for Muslims in ww2, nice priorities huh

don't forget another gazillion for Ukraine..

It’s an abusive relationship. We are being manipulated

😂

@@DARKINBLADE. maybe because the right things in politics are not always the things we want to hear or pretty stuff?? The world is complicated you know... No country today operates in a vacuum.

@@DARKINBLADE. , the problems facing the UK are not unique. They are problems in Europe too. First of all, we had two big unexpected externalities, one being COVID and another one being the Ukraine war. That is going to cause governments to borrow a lot during the crisis reducing fiscal space in the short to medium term in its aftermath. Any politician who seriously thinks that tax rises weren't inevitable for all economic backgrounds after COVID borrowing is either not fit to be office or is just playing party politics. Furthermore, we have a falling fertility rate and an aging population which means that the overall costs of the NHS will severely increase either way as elderly care and end of life care are some of the most resource intensive and expensive to provide. It is the elderly and retirees that use the health service the most and are the most vulnerable so a bigger proportion and absolute numbers of them with less taxpayers is going to increase tax. Therefore, if you want responsible spending and to grow the economy, there will have to be cuts made somewhere. This isn't the US where we have the world's most powerful reserve currency where we can endlessly borrow at extremely low rates. Why do you think the mini-budget crisis occured in the first place? Furthermore, the idea that Tories are trying to privatise the NHS just doesn't hold up to scrutiny when looking the figures. In 2022-2023, the NHS budget was £180 billion compared to £141 billion in 2016. So more than £350 million pound a week has been added to the NHS since Brexit. The UK and Europe are some of the most taxed places on the planet. Anymore hikes in taxes will just kill any innovation and entrepreneurship we have left here and our stagnation will just get worse and worse.

@@inbb510 At today's value, £141 billion in 2016 would be £184,170,000, 000 so there has been a large loss in the NHS budget.

disfunctional

You would have to earn £45,000 plus to save £900 😂😂😂😂

😂😂😂

Sentiment felt by millions and millions, they are never gonna win the GE it should of been called already they hanging on and it's just making them even more despised

There a minority there gonna be wiped out and reform will most likely be the opposition, as long as the general public never vote them back in it will never happen again happy ever after for almost everyone in the country bad news for the 1% that holds 99% of the wealth but its about time they paid to repair the country they helped destroy through taxing especially these gas and oil and mega corporations that fund the party directly just to have it all given back to them through tory corruption and tax breaks

Not healthy by his standards. That couple can't even afford their own swimming pool. Must be impoverished. Richi Rich and his wife have a combined net worth estimated at £730 Million.

Punt?

Shunt?

Do not runt otherwise you will bear the brunt

Brunt?

Grunt which is what I do every time I see his smirking face.

Unfortunately it seems that both parties aren't going to treat those out of work any more kindly. The unprotected departmental cuts always fall on the out of work. I think the worst part of today's budget is that Labour are going to carry on with austerity in order to keep these tax cuts.

A lot of people worked through the pandemic and don't keep preaching about it. You're getting your "Pandemic" break now while on UC.

France, Germany and Japan have a semi privatised healthcare and they seem to be doing fine, or if not, even better than the UK.

​@@inbb510not a big ask to be honest - our NHS is def on its knees. There's way toi many 'managers' and 'deputy managers' on the NHS payroll - that's where the bulk of the money is going, much apart from the PFI initiative set up by the War Criminal, Tony Blairs' Labour Government. Essentially, the building of any new hospital now, benefits the shareholders handsomely and it's set up in such a way, that it never really gets paid off - a never ending debt, if you will - that's where a lot of NHS funding goes to also. That's precisely why the NHS can be classified as a financial black hole. Yer again, a Labour Government f@#king things up financially - they never learn !

@@jamesbarbour8400 , the problem of the NHS is way more complex. For example, we have shortage of GPs but it isn't as simple as just taking in more high skilled immigrant doctors as General Practitioners are a very British aspect to a healthcare system and these jobs don't really exist outside Britain. Therefore this makes it extra hard to recruit and fill the skills gap. Furthermore, we have an aging population and a lower fertility rate. End of life care and elderly care are some of the most resource intensive and most expensive operations done in the NHS. A bigger number and proportion of them in the UK population and a lower pool of younger taxpayers means that taxes will increase massively for all economic backgrounds. This is a general problem seen in Western Europe. Furthermore, a lot of software used in the NHS is old but the bureaucracy of the public sector makes it extremely hard for the government to be incentivised to innovate as innovation involves a lot of investment and risk-taking. This in turn makes it politically challenging for any incumbent political party to make long-term plans as much of the policies with regards to NHS is mainly focused on building more hospitals and reducing waiting times. Because the political cost of failed innovation (e.g. let's say the computer scientists failing to produce an updated software and computer system during the 5 year political term) is too big and not palatable to the average voter. There are also unexpected externalities such as COVID and the Ukraine war which has caused the government to borrow a lot and made an already tight fiscal space even more tighter. This meant that there is currently still very little fiscal space for adequate pay rises for the public sector without going into more deficit and borrowing which is bad for the long-term.

@@inbb510 I am fully aware of Japan's healthcare system as I live here. If you think it is doing fine, you are grossly misinformed. All that you end up with is a mess of bureaucracy and patients having to fork out for expensive operations only to have to apply for the bulk of what is termed as 'excessive treatment fees' to be paid back. For those on continual expensive treatment, then they are issued with a disability card and have to apply every year for 'Independence support medical expenses' which reduces the treatment for their ailment to 10% and the price paid at the hospital and stipulated (by the patient) pharmacy is capped to a certain amount according to one's overall income. It is a complicated system and there is talk of raising the amount paid by the patient even further. Japan isn't doing fine.

@@andrewjones-productions , how long did you have to wait to do a 健康診断? It isn't weeks is it unlike the UK is it. And the Japanese people as a whole are much more healthier on the whole compared to British people. You don't have doctor shortages and an obesity rate of 25%.

if you put everything on VAT that just crucifies low earners and helps the rich.

Long live the excuse for a Labour -party!!

@@Nick-kb6jdof course, Islamic UK then it is 😱

How are the government going to make you better off? What happened to you making yourself better off?

@@merlin7766 think u missed my point , years ago people would think this is something worth voting for

@@XyZCwP If I did then please accept my apologies 🙂

Why? Different jobs receive different amount of pay because they don't have the same utility. I'm willing to bet you pay your plumber more than 10x what you pay your waiter.

@@FeathersMcGraw_ Then don't complain when no one wants to work in those jobs. Swings and roundabouts. Pay your staff or dont have staff

@@Ukipmiddleleft I'm not going to complain because plenty of people DO want to do those jobs. We have a much bigger shortage of plumbers than waiters, that's part of the reason they're paid so much more.

@FeathersMcGraw_ the Ft350 companies pay the ceo on average over 340 times more than their lowest employee. That's insane! And it's greed! It escalated greatly after 1999. I agree, people have different utility, but 340 times more value? That's a bit of a push. And I tip my waiter way more than my plummer.

​​@@FeathersMcGraw_Big difference between plumbers who actually have real value to society and consultants (in the NHS and elsewhere) who are not needed and very, very overpaid. Even worse when it comes to CEOs. Their salaries should be capped according to the lowest paid staff in their companies. That should incentivise them to pay their staff a good wage (if they want higher pay themselves).

you could put it to 13,000, £500 quid. + ni cuts 900 or so. about a grand a half for people to spend and push the economy. maybe that's too simple an idea to work, I'm no economist. I'd just "ok, 15k" and break everything. probably.

What social service 😂

@@fatherprincipal exactly.

Yes, complete w⚓s!

Don't hold back say what ya mean.

Poor bean 🧐

@@DARKINBLADE. 🤣🤣🤣🤣👋

@@DARKINBLADE. I'm sorry 😂

Except it's not. Because the country is falling down around our ears and the cost of childcare is crippling. I want them to tax me more and fix our country. Im under no illusions that I am lucky to earn more. But we are all suffering cos of these guys and their embezzlement, lies and outdated economics This will do nothing for me and my family

​@@avisian8063, people want to be like Sweden and Denmark but don't want to pay the high taxes in order to do so. Many Brits think we can achieve the standard of living that Scandinavian people have but without paying high taxes and investing in a sovereign wealth fund through oil. We want fruit but don't want the responsibility to get that fruit in first place. Multiply that by a few million people and you get the situation we have now.

@@inbb510 Lol? The top 1% owns 40% of the wealth in the country. We do not have to tax the working or middle class more. We need to take 75% of the income of people making millions a year-that’ll provide more wealth than increasing the taxes on the other 60% of the wealth by a few percentage points.

France tried to do 75% tax and so many rich threatened to leave they cancelled. There is a balance to be made, it is shown that lower taxes increase amount of people who pay tax but you obviously get less tax per person. Higher tax you get more but less people pay tax as they avoid it. It isn't a simple problem, unfortunately the wealthy do have the ability to make and change where their money is made.

@@cup1966wow If the rich leave the country, then someone else can take their place. The UK is a massive economy where there is a lot of wealth to be made. If they want to take their businesses elsewhere, then they’ll be missing out on the potential profits to be made in Britain. The idea that these companies will just leave is bogus. They’ll stay because keeping 25% of £100,000,000 per year is better than making £0 profit.

No change there then......

Because the problem isn't that simple. Many people in London having wealth over £1 million but that's because things are much more expensive in London. They have really high mortgages too. Also, successful companies have many buildings so if you add the assets up, they can easily reach hundreds of millions. If you tax companies too much, you pretty much stifle innovation within the country cos why innovate when you try to grow you just get slapped with a fat 70% wealth tax. Do you realise why Europe is stagnating and America is booming? Furthermore, we have low fertility with an aging population so arbitrarily taxing the rich is just kicking the can down the road until we will have to raise taxes again to make up for the shortfall in workers. By the time that happens a country will become so unattractive and uncompetitive to do business they leave which means lower investment within the country, and the country gets poorer in the long term. If taxing rich people gets more poor people to work then you may have a point, but if it just means extending the lifespan of an unsustainable welfare system as it currently stands then you are literally just burning successful people's cash and no-one wins.

@@inbb510 Then if it is as you say 'levelling up' has clearly failed

@@inbb510 Taxes don't stifle innovations. Giant companies stifle innovation.

@@DARKINBLADE. , well they are certainly not stagnating for sure. Also the wealth gap in America is smaller than the wealth gap within the EU (try comparing Finland against countries like Bulgaria and Southern Italy).

​​@@inbb510 you make a squeeze at the top sounds catastrophic but the squeeze on the bottom is almost at breaking point. Only the unethical wealthy who already dodge taxes, or the unethical parasitical companies will leave and the world's smallest violin will be played. If their success comes at the cost of everyone else absolutely being squeezed out of a basic dignified living then no one cares. Right now the government and the majority of the population are suffering so that a few at the top can enjoy ridiculous levels of wealth transfer. It's not sustainable. It's not only destroying lives, futures of the next generation but our planet.

They are hoping for some Muslim votes, when in fact they will lose thousands more from UK citizens!

Memorials are built with love and materials, money if needed be

Very good point - I was wondering the exact same thing !

Its idiotic in a sense that our tax goes towards services the government makes worse and worse. It would be nice if our money was actually well spent to the benefit of everyone. Yet social services are just being constantly degraded.

@@josome7451 I agree and taking away or reducing national insurance will just bleed the NHS quicker allowing for the NEED for health care privatisation. Or again, have I confused my taxes? 🤣

@@BrazenBull91 National Insurance does go towards the NHS, yes. But the NHS's main problem (despite what the Tories will tell you) is not a lack of funding, it's a failure of management. The Tories like to peddle the idea that more money will fix it as an excuse to fiddle with the numbers. But really, the problem is that the Tories have privatised parts of the NHS (like the IT systems) by outsourcing them to their friends from Oxford, giving government contracts away to companies that they have shares in. They're trying to run a public service like a private business, and that is never going to work, because the NHS isn't supposed to pay out, it's supposed to help people.

​@@BrazenBull91This used to be true. All tax just goes to one big pot now. Road tax doesn't go to the road, all goes together.

And then people like you still wonder why Europe is lagging behind innovation, semiconductors, technology and AI compared to USA and China. Punish innovation and a country will stagnate making the country less competitive and therefore poorer in the long run. When will people realise that doing the same old tricks isn't going to yield different results???

Corporations and individuals should be taxed at a maximum of 10%. State funded propaganda for the last 60 years has got everyone begging for more taxes. It's total insanity.

@@pneron2032Corporations should be taxed far more then 10%.

@@pneron2032 Yeah, because I’m sure the people who run the state (the rich) are just desperate for higher taxes 🙄 they’re the ones funding the “libertarian” ideologues. The Spanish Monarchy spent a THIRD of its income last year funding “libertarian think tanks.” That should tell you something

It's 19 to 25%, it goes to 25% above £250k. The solution isn't to punish small business, which £250k still is. You should be encouraging smaller companies they are what drive growth. It is really isn't that comfortable for small companies at the moment.

My dad

Yeah and labour's gonna be soooo much better😂

@@HeuhegeygeygeheuI’ll take my chances given the absolutely mess that they’ve put us in.

@@user-rz4rw7tk9u They're all mates behind closed doors. They're laughing at us.

@@Heuhegeygeygeheu I highly doubt Corbyn is mates with Johnson. I know they’re all snides but I’d still rather the lesser of two evils.

Every time you print you devalue that currency and increase inflation

Taxes pay the interest on the national debt and essentially is a tool to reduce inflation. If you cut taxes to 0 and keep printing money inflation would be out of control.

USA 30 trillion in debt. Keeps printing. Who cares xD Gov giving people illusion that all the money comes from taxes..

Funny comments. USA 30 trillion in debt. Keeps printing money. Only collecting taxes to give people an illusion that gov needs you and your money.

They print it of for war they can print money anytime no one should be paying any tax .It’s for the elites to get more money and make us all poor .

Breathing tax soon

How can that man hold up his head ?

@@janwhite6038i think its just full of helium so its not really intentional

I am on 53k and I will tell you what I am doing everything not to earn more, no extra shifts, no overtime because 40% tax plus NI is just demotivating me. I could work more and earn more but I will better watch tv than give away half of my money

@@Mysterkoma Oh no, rich middle class Londoner doesn’t want to earn even more money for himself because some of it will be used to fund the NHS for the poor 😢

@@L333gok You are not even close to middle class with 50k in London

@@Mysterkoma Average income in London is just under 40k. Keep your privileged mouth shut. Do you seriously think you’re working class on 50k?

@@L333gok Yes, but I never said I live in London. I used to but I moved to yorkshire where I am way better of with my salary. Still don't feel like middle class thou

Londons had enough

How putin putting in your wallet?

Educate yourself in geopolitics

Spot the non-Brit.