Autumn Statement megathread

24 comments

1. [deleted]

2. Ahh yes increase benefits for those not working and fuck over working people, that’ll encourage people into work. I wonder why people don’t want to work?💁‍♀️

3. Energy bills are still fucked though. Wonder if we won’t see Don’t Pay revive in Feb/Mar

4. This is about as good as Labour could ever have dreamed off and they still moaning

   Tories as a party are basically finished, pissed off all the people who didn’t vote for them and voted for them.

5. Do the changes to VED apply to vehicles purchased before 2017?

   I have a small diesel car which currently has zero-rated VED. Is that going to change in 2025?

6. Capital Gains Allowance change is a big hit to anyone on save and share work schemes, hitting the middle class while avoiding taxing companies like Shell.

7. Massive [tax cut](https://twitter.com/AdamBienkov/status/1593235146194694144) on Bank Profits

   Surcharge drops from 8% to 3% from April 2023.

8. Is there any word on how this will affect mortgages, and lender rates? I was hopeful this statement would calm the market?

9. Work til you drop dead for your boomer masters.

   Triple lock pension is a farce.

10. I actually welcome to introduction of road tax on electric cars. The trouble with the electric car revolution is that it solves exactly two of the problems caused by cars: (a) CO2 emissions from burning petrol contributing to climate change and (b) other exhaust gases lowering local air quality /contributing to respiratory problems.

    Buying an electric car doesn’t solve all of the emissions from manufacturing the car or the battery, transport delays caused by traffic, the damage which high amounts of car use does to roads and the expense of maintaining high quality roads fit for cars, or the large amount of space private cars take up in our cities.

    An electric car is (over time) better for the environment than a petrol or diesel car, but not owning a personal car is better still for the environment. As a matter of policy we should be pushing other modes of transport and encouraging people to use services like car clubs when they need a car every now and then.

11. The UK population is about 67 million people, about 17 million are less than 20 years old. That leaves around 50 million adults. Apparently only about 30 million work and pay taxes, leaving about 20 million pensioners or disabled or long term sick or just not working.

    That seem a pretty large burden for working people to shoulder no? Obviously every country will have similar challenges but feel like the working population of the UK is under particular strain because of the benefits system. Linking benefits and pensions to inflation seems really unfair on the three fifths of people who are working compared to the two fifths who aren’t.

12. >£203.85 a week (currently £185.15) for the full, new flat-rate state pension (for those who reached state pension age after April 2016)

    That seems rather high? No wonder my parents go on holiday every few months… and just messaged me saying they’re booking a Bahamas trip

    Not sure if they intended to rub salt in the wound or not lol

13. If you read this and voted Tory you are a massive fucking cunt.

14. Triple lock really needs to be reworked so this money actually goes to pensioners who actually need the money versus those who don’t.

    Though with the tories need for the older voter base I doubt this would ever happen.

15. So this payment for means-tested benefits.
    It says £900, but does this include the £650 that’s already been made this year?

    If it does, then it’s just a £250 payment for next year.

    Not had an in-depth look, still working, but I’ve not seen anything that clarifies it.

16. No control on rent? Typical Tory. Guess I will head off finding a place on the street before someone else took it.

17. Ah nice reducing the dividend allowance

    Spitting in the face of small businesses because that means fuck all to big ones

18. Some Conservative politicians are actually thinking about means testing the triple lock for the state pension.

    This would break the link, between the number of years of National insurance contributions, and the benefit derived from them.

    It’s quite possibly illegal to do this. I certainly suspect that there would be a legal challenge.

19. The spending cuts had to be done. How else can inflation be dealt with?

20. Time to emigrate?

    With budget today – all negative, 60% income tax then 20% sales tax, the UK no longer rewards hard work. I have an offer to move to Singapore.

    I may have to take it. After Brexit something broke and I havent had a pay rise since. All the while inflation increases and taxes go up through fiscal drag.

    I’d advise the young to consider emigration too. Go where you are treated best.

    The UK is going the tax the young into oblivion to pay the state pensions of the old. Its a ponzi scheme.

21. The economist had a great put down on this budget and government.

    “As conservatives we don’t leave our debts to the next generation.” His party is, however leaving the country’s debts to the next government. That amounts to pretty much the same thing.

22. Pensioners get the *Triple Lock.*

    Everyone else gets the *Triple Cock.*

23. Why does everyone seem to focus on how much spending was cut but doesn’t care how much extra you are spending on tax and cut allowance?

    No foreign investment willing to invest into the UK again, no talent will come to the UK, no one will work their way up in the society due to the hard tax and cut allowance.

    I’m not a local but as a foreigner, this autumn statement makes the UK a worse place to stay, it’s hilarious to watch Hunt say he wants to make a UK silicon valley. If I am a veteran technologist, why would I want to earn in the UK and get taxed like crazy? Also the government froze all personal allowance and let everyone compensating gov’t by inflation, a smart person would try to compensate this loss by taking risk on stock market or fix income, Yet the government will take what you earn in capital market makes you even harder to climb your way out from the hell hole.

    Is that really no one seeing this, or briton are ok with this?

24. Hi im quite confused by the anger at the tax bands mot moving. I’ve not seen it on this thread more in headlines. In my mind it doesn’t amount to much as say I earnt 10k over the minimum threshold, then get a 5% payrise, I would get £500 of which I would lose £100 to tax, which to me doesn’t seem like a big deal.

    I get people barely getting buy will be affected, but is this just media hype or am i missing something?