Please use this post for general discussion and speculation about today’s budget.

The budget usually starts at 12:30 and lasts around 1 hour.

BBC live thread: https://www.bbc.co.uk/news/live/cp9zrg128get

Sky live thread: https://news.sky.com/story/budget-latest-rachel-reeves-updates-live-12593360

Autumn Budget Megathread
byu/Alert-One-Two inunitedkingdom



by Alert-One-Two

26 comments

  1. Budget day, finally. Let’s here properly how we’re going to start undoing the last 14 years of the Tories 🙂

  2. Mildly worried but excited for a change. Maybe I’ll finally afford putting some money away each month without a second job. Wouldn’t that be magical

  3. It’s sad knowing it’s going to get worse before it gets better but 14 years of slowly drip feeding shit has certainly not helped

  4. Think we already know the bulk of it. Biggest impact of this budget, plus the new employee rights that will be coming in, will be smaller companies scaling back on employment. Added to this is the increase in minimum wage. I fear we may see unemployment rise in next few years, which will then actually be a drain on the finances as more benefits are paid.

    Personally I would have preferred them to look at how much tax payers money is wasted first and what can be modernised. Could start with MPs own benefits, especially all the allowances they can claim and then all the money wasted by councils and all the high paid middle management across all public sectors.

  5. Here’s hoping that they are going to make changes for the better of the normal people of the Uk

  6. Has a budget reveal ever been this big nationally? I feel I’m hearing about it constantly and is being brought up by people I wouldn’t expect to even know what a budget was.

  7. After 14 years of, we should raise taxes maybe that will help, can’t wait for another, we should raise taxes maybe that will help.

  8. The budget makes sense to me in the short term.

    Increase minimum wage to increase the size of the tax base. That and Employers NI rises increase productivity as employers reduce employment and invest in capital instead but shouldn’t matter as:

    A) the work force is too reliant on immigration as it its.

    B) the economy seems back in growth (so there’s unlikely to be mass layoffs).

    C) benefits are being made less attractive.

    What worries me is, do enough British people actually have the skills required for a high capital economy? Or are we going to end up with a load of unemployed British people long term while still relying heavily on immigration? That seems to be the missing piece of the puzzle.

  9. If employer’s NI goes up, while income tax on dividends and corporation tax does not, then the narrowing tax efficiency gap for business owners between salary and dividends will suddenly be wide open again. That would be a political scandal, surely?

  10. I wish a party would stop fucking around and just increase the income tax, it wouldn’t even need to be by a massive percentage point to accumulate a huge amount of tax to perhaps fix the country instead of scratching for pennies everywhere else.

  11. However it lands it’s probably going to hurt, sometimes you have to have it worse before it gets better though, and we can’t be complaining about the roads, NHS, council etc if we don’t put our money where our mouths are.

    Anything painful here is ultimately the fault of the Tories systematically dismantling our public services over 14 years and refusing to invest in infrastructure and social services at the lowest interest rates. They were absolutely fiscally irresponsible and now, as always, Labour will get the hate for having to fix it and make tough decisions.

  13. Happy patchnotes day everyone!

    I think regardless of the buffs or nerfs we get we can all agree on one thing.

    That the end if this media speculation cycle and the spammy conjecturing articles that have clogged this sub can be dispensed with and we can get back to the bread and butter of rage-bait crime porn, minority bashing and dunking on poor and disabled folks.

    /s (obviously)

    Seriously though Mods, take a hard look at how you structure this sub.

  16. Yeah yeah, it’ll be the same old shit sandwiches to eat until election year, then the earth is promised. Doesn’t matter if red or blue.

    If they were serious they’d lead by example and dismantle their corrupt expenses system and lobbying payments.

  17. How long do we reckon it will take reeves to use the classic alcohol duty freeze that never gets passed down to consumer anyway to soften the heavy blows?

  20. My prediction is this is will be their most unpopular budget, but will build a tax foundation for them to spend in the next 4 years so as to regain their popularity.

  21. The report by the OBR will confirm that Hunt and the Tories hid a 20 billion hole.

    Nothing will happen to those who hid it. We’ll just pay it.

  22. I am most worried about fuel duty rise. Just moved homes and my commute has gone up to 60 miles a day.

  23. After months of speculation, it will be good to finally have a discussion on the substance of this budget rather than a load of made up nonsense written by the right wing media to scare their readers.

    I wonder how much contrition the Telegraph and the Mail will show if most of what they said would be happening in this budget fails to materialise?

    (I’m just joking – I’m not wondering. They’ll obviously pretend it never happened.)

  25. Getting ready to be absolutely shafted with minimal to zero benefit in return, social contract my arse

  26. So it this when we find out if the single-person council tax discount is being scrapped? I’m humped if it does.

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