Why is the budget so late?

T

Threepeaksphil

Well-known member
We keep getting little leaks about what could be a dreadful budget so if Richard the 3rd knows what she wants in it why not do it now. Individuals and the markets deserve to know so everyone can plan, it looks so unprofessional 🤷🏻‍♂️
 
Threepeaksphil said:
We keep getting little leaks about what could be a dreadful budget so if Richard the 3rd knows what she wants in it why not do it now. Individuals and the markets deserve to know so everyone can plan, it looks so unprofessional
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I'll give you a bit of a clue.

It's the November budget. What's the date today?

And are we getting leaks or is it just the Mail and the Telegraph shit stirring with tales of huge tax increases?
 
Wizaard said:
I'll give you a bit of a clue.

It's the November budget. What's the date today?

And are we getting leaks or is it just the Mail and the Telegraph shit stirring with tales of huge tax increases?
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It's the Autumn budget not November last year's was in October.

It's not just the right wing rags the BBC Breakfast had a string of features last week about tax hikes.
 
Not particularly late. The UK autumn budget dates for the last 10 years are:
2024 (October 30th),
2023 (November 22th - Autumn Statement),
2022 (November 17th - Autumn Statement),
2021 (October 27th - alongside Spending Review),
2020 (November 2020 - multiple statements due to COVID-19),
2019 (postponed to March 2020),
2018 (October 29th),
2017 (November 22th),
2016 (November 23th),
2015 (November 25th).

And it's not leaks from the Government - it's all media speculation.
 
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stbe said:
Not particularly late. The UK autumn budget dates for the last 10 years are:
2024 (October 30th),
2023 (November 22th - Autumn Statement),
2022 (November 17th - Autumn Statement),
2021 (October 27th - alongside Spending Review),
2020 (November 2020 - multiple statements due to COVID-19),
2019 (postponed to March 2020),
2018 (October 29th),
2017 (November 22th),
2016 (November 23th),
2015 (November 25th).

And it's not leaks from the Government - it's all media speculation.
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Aw...Phil was having a good old rant there then you come along with your bloody facts. Spoilsport.
 
stbe said:
Not particularly late. The UK autumn budget dates for the last 10 years are:
2024 (October 30th),
2023 (November 22th - Autumn Statement),
2022 (November 17th - Autumn Statement),
2021 (October 27th - alongside Spending Review),
2020 (November 2020 - multiple statements due to COVID-19),
2019 (postponed to March 2020),
2018 (October 29th),
2017 (November 22th),
2016 (November 23th),
2015 (November 25th).

And it's not leaks from the Government - it's all media speculation.
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Thanks for introducing some facts into the mix, there is nothing unusual about the date of the statement although end of November is technically winter in my mind.

I heard a story after last years' autumn statement.
Some fat cat cashed in his pension and moved it into other investments on the basis of pre-budget rumours about Reeves raiding pensions.
Then when Reeves left pensions more or less untouched he wanted to sue the government for the money that he had subsequently lost because of his actions.
The moral of this story is never believe what you read in the Mail, Express or Telegraph, it could cost you a lot of money (think Brexit for instance).
 
I see from watching the 1pm news there’s another £20 billion black hole looming.

I wonder who getting the blame for this one?
 
I'd get this thread deleted Phil. It's pretty embarrassing

You shouldn't be short of things to throw at her poor performance but ridiculing on the budget happening in November when the normal month it is delivered in, is November isn't making you shine.
 
Wizaard said:
And are we getting leaks or is it just the Mail and the Telegraph shit stirring with tales of huge tax increases?
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Of course there's intentional leaks. All governments leak things to gauge public reaction.

What they should be doing is reversing the unaffordable NI reduction - it was meant to be 1.25% on top of the 12% at the time as a social levy / COVID tax. No one overly complained, but all of a sudden it's 8%.
 
Halifax71 said:
Of course there's intentional leaks. All governments leak things to gauge public reaction.

What they should be doing is reversing the unaffordable NI reduction - it was meant to be 1.25% on top of the 12% at the time as a social levy / COVID tax. No one overly complained, but all of a sudden it's 8%.
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NI reduction?
 
Pre budget speech on now.

Getting us all ready to pay.

Pension lump sums ???

£0.02 increase in higher rate income tax???

Across the board increase income tax???

😬
 
EdgeleyTangerine said:
tax increases that should have happened on day one. Labours biggest mistake was campaigning based on no tax increases despite it being obvious we needed the money.
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Doing anything with the tax free pension lump sum (at least without transitional protection) would devastate many people's retirement plans.

The definition of "working people" will be interesting. Strong rumours are this will be £45k. That impacts many.
 
EdgeleyTangerine said:
tax increases that should have happened on day one. Labours biggest mistake was campaigning based on no tax increases despite it being obvious we needed the money.
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Closely followed by their second big mistake making a right hash of WFP and welfare cuts.

Tax rises or budget cuts Labour haven't done either.
 
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