
The Spring Budget will be announced at around 12:30.
Announcements confirmed so far:
* The government has announced it will extend the Energy Price Guarantee at current levels – £2,500 – for a further three months.
[Budget summary: Key points from Jeremy Hunt’s 2023 Budget](https://www.bbc.co.uk/news/business-64789405)
Please use this megathread in advance of the announcements or for any meta discussions after these have been made.
22 comments
On that pension cap:
> Chancellor just announced a massive inheritance tax loophole – put as much as you can into your pension, then take it out if you need it, if not it goes to your heirs tax-free
https://twitter.com/JamesBrowneRTC/status/1635995954137509889
2025! Jesus Christ. So basically they will never need to implement the extended 30 hours as it’s beyond the next manifesto
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-April 24, 2yr olds 15hr/wk
-Sept 24 all 9mths-3yr 15hrs/wk
-Sept 25 all 9mth to school 30hrs/wk
I’ve got a 5 month old by the time we get support with childcare is September 2024By the time that comes we will have already burnt through our savings paying the new increased rates and next year you can fully expect that those fees are going to go up to cover the shit return on the free hours they will get
And thats even if they are here…i fully expect election in september 2024
It’s predicted that the cost of energy based on the figures used for the price cap will drop below the price cap shortly. However, because we are tied into the price cap that is how much we’ll pay.
Is it worth booking in a nursery place for September 2025 for my child who hasn’t even been conceived yet
A load of steaming bollocks for childcare. April 2024. This should be immediate with backdating if anything.
Any idea when the DWP whitepaper will release?
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Want to give it a read to see if it will help.
Childcare issue might be great on paper but there is a 2 year wait for places in my area, so its almost redundant. Sure they will just up the children to staff ratio even higher again despite it being unsafe.. just like every other area of our lives having a plaster over a broken system.
This is a significant cut to disability benefits for a lot of people.
Now in order to receive any additional money you will have to qualify for PIP.
The disability requirements for PIP have always been significantly higher than those of the LCWRA group.
This will leave a lot of sick and disabled people with just the base rate of UC to live off – £368.74 instead of £758.80 per month.
This will affect all new claims and if the government’s past record is anything to go by, then anyone making a change of circumstance will also be affected.
It really is a disgrace that they’re painting this as a good deal for those unable to work due to health problems, but the reality is they’re kicking people when they’re down as usual.
Compared to the rest of the world the UKs labour market has been sluggish and less fruitful.
There are job vacancies, just no one to fill them. I wonder where they all went? What slow-moving titanic car crash caused this gap?
The childcare plan is to help bring people back to full-time work.
A lot of people criticizing Hunt for maintaining the status quo. As if Labour’s Max Headroom-looking leader is going to do anything when he inevitably becomes premier in two years time…
Keith Starmer has honestly only been good at purging the leftists and union support from his party…
The government making a mockery of my 12-month fix yet again.
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According to the guardian I will be better off (looking at the closest example to my situation) Rather glossed over is I’d need a 10% pay rise from my employer for that to happen. Ha.
https://www.theguardian.com/uk-news/2023/mar/15/budget-2023-what-it-means-for-people-on-a-range-of-incomes
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They’re going to extend the cap through the warmest months? How generous.
Taking money from the disabled to give give to the middle class and rich. Absolutely disgusting
Tl;dr.
Fuck all for anyone unless you have kids or are massively wealthy via pensions allowance.
Well woop de fucking doo.
Nuclear power has had its classification changed to environmentally sustainable which is nice.
No VAT refund for tourist. Good luck for people working in retail.
This country is absolutely broken. The pension contribution cap has been removed, allowing wealthy pensioners to hoard even more wealth in a country where 27% of children are living in poverty. How the absolute fuck can this be justified? These are non-working, already wealthy people. They’re not producing any more wealth for the country. They’re literally just enjoying their own retirement. How the fuck…? Just, how? How do we have these people in power? What is wrong with them and what is wrong with the people who have been voting them in? It is fucking baffling to me. This is a broken country.