It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
No welfare reform, no public sector pension reform, no civil service reform ..... just increase tax on businesses which will be passed down to "working people". 4 months in and Labour have already shown how incompetent they are. I hope the public remember this in 4.5yrs time!
This is the biggest risk.. they have given hikes without anything in return. Same with NHS, it can suck in everything and still ask for more. There should be a preventive approach to health too.
@@glostergloster6945 The fact you think reform requires EVEN MORE money is part of the problem. Perhaps halving their budgets might just drive them to be more efficient with their funds.
@glostergloster6945 in most cases reform is "what do they do?" Nothing important "how much are they paid?" 50k "we can't afford that get rid" Only in the public sector is that not standard every couple of years.
So what is Laura K pro Tory and Nick Robinson. Get everyone from all the parties proportionately of course so it reflects the country. Oh I'll do 5 exclamation marks for good effect like you. Oh no, wait sod it. Make it 10. Here we go !!!!!!!!!!!!!
If they wanted growth they should have upped the income tax threshold up £2k to £14.5k putting extra money into the hands of people who will actually spend their money, and cut half the NHS increase to fund it. The NHS is amazing but it's a money pit.
Not a growth budget. The U.K. economy needs growth. If RR and KS had any backbone they would take the U.K. back into the common market. That would give an immediate boost to growth by slicing the 20% plus friction costs on trade and lost investment causing the 4% gdp shrink to date. Just not courageous enough.
The choices made seem to have been - where can I scamble money together w8thout breaking what she'd already ruled out. It doesn't feel like there was any thought about being strategic or boosting the economy. In fact where she got most of the money from - employers NI - is probably the last one you'd want to hit if like Labour had said they wanted a growth economy. Sorry to say but this budget is a disaster, it's an anti growth budget that will load debt on the economy.
We've had 3 female prime mimisters, get over yourselves. Who cares? Is she any good is all that matters. As you say VERY risky budget and it is already going wrong (bond vigilantes circling). She has NO room.for manoeuvre.. Sadly capital is being focused on Net Zero. As.Paul Johnson said this morning NZ is.clean, but it's not growth. Transport infrastructure (wh8lich does.deliver growth) is declining in.real terms. Incoming international inflation is going to scupper her.and this level of tax is going to crowd out the private sector. .Welcome to statism. You know where it ends. The final irony.- evem the OBR says.all this tax and no growth. But th8s govt is.ALL.about ... growth. So grateful we had.the foresight to leave last year. Wishing her the best of British.
If Govts don't create an environment that encourages growth, wealthy investors (who are just sensible people looking to make their money count, not demons) will continue to buy assets rather than invest in businesses. The result will be more of the same - ever higher asset prices and no productivity improvements. In other words, wages stay low, jobs dry up and houses get ever more expensive 😔
people not fighting this we will all regret soon because they will control our food as well. I now realise why people will follow anti christ because these people will control everything and anti christ will say I will save you and give us everything in fact he will be fake
According to Steph, it's taken 800 years to get the first woman Chancellor??!! So back in 1224, Henry III was calling the shots in England and Alexander II in Scotland because you see Steph, England and Scotland were actually separate countries back then 800 years ago. Who'd have thought it eh?? However, Steph is quite right, it was definitely men managing the treasury back then. However to be fair I believe that Boudicca ran the treasury back in 60 AD in East Anglia for a bit and Cartimandua did it in what is now Yorkshire and that was 1,964 years ago!! History!! Who needs it, eh Steph?
Reeves’s budget is profoundly dangerous to the economy. Low margin (typically minimum wage payers) and lower revenue (including start ups) businesses are very exposed to the massive hike in NICs. If those businesses have pricing power, inflation will be stoked. Expect hospitality and retail (including supermarkets) businesses to hike prices. If they don’t have pricing power, they could close. Included in the “highly at risk” category are universities, charities (e.g. Macmilllan nurses), private care homes and, perhaps, the Royal Mail. There will be a push to use the Gig economy, a shift to off-payroll workers and a greater focus on offshoring (where feasible). If would have been far better for Reeves to increase Corporation Tax. It could be that there’ll be so much adverse reaction to Labour MPs (incl. from unions) that Labour will have to change the budget, which will mean the end of Reeves.
Sadly young people more than others. The super inflation min wage increase together with the lower £5k allowance for employer NIC 15% disproportionately affects low waged. i'm expecting youth unemployment to rise. Sad. That generation needs help.
@@presterjohn71Not upfront but there is pressure on his employer. If the employer is a big business they will automate, a small business will cut staff. Let's see
Small farms are uneconomical. Some small farms aren't farming much at all but running things like petting zoos and AirBnB operations. Nothing to do with producing food.
Well there’s a bold statement, even if your “expert”analysis is true which I know it isn’t, they are working people who have been shafted. Clever of RR if you think about her land and housing crises, how convenient that these ridiculous taxes will force family farms to break up as they are forced to sell.
"The nation won't be any richer?" This, of course, is rhetorical nonsense as a statement. If spending triggers growth, we will be. That's how it works. Reeves has calculated that a step change in house building, hospital and school construction will itself trigger secondary and tertiary growth. She has also calculated that higher low-end earnings will immediately re-enter the economy and much of that will come back into the treasury in the form of tax receipts. This is macro economics 101.
Really disappointed to hear y’all talk about a govt achieving long term growth like such a bad thing because it won’t show results in 4 years. Our country is rotting specifically because of this obsession with things which pay off in 4 years. Long term growth is what we need. Don’t necessarily agree that this budget is the best approach, but respect for them actually thinking about the future of the country rather than just playing politics
I think it's a great budget. Tax rising to help balance spending but also enough to help increase public investment and to implement their manifesto policies like the national wealth fund. Their public investment and industrial strategy should help to encourage private sector investment in the long term too which then all in all should help to increase productivity growth which has been flat for 15 years (all our economic problems essentially come back to the fact that we've had non-existent productivity growth).
It seems that the financial markets do not agree with you. Borrowing costs have jumped significantly today and only a small further increase will push the Govt outside its own fiscal rules and planned borrowing will have to be reduced. Will that lead to a spiral of further taxes, higher borrowing costs etc. Doesn’t look promising at the moment. My view is that we will actually see private investment fall from current and certainly forecast levels. There is no magic money tree and higher business taxes and higher for longer interest rates will have a big squeeze on investment. The budget is predicated on investment and the subsequent growth that will follow. It is not clear at all that this will be the path that we go down.
@@garethmills105 The jump in gilts is negligible if you actually look at all the data. 2 year gilts for example are still at a lower rate than they were in the last 2 quarters of 2023. The pound currency index is also stable and it's change is negligible. Many articles have been sensationalist but all you have to do is actually look at the long-term data and you'll see for a budget that's increased taxes by £40 billion and increasing spending by £70 billion over the next 5 years.. it's gone down pretty well given the economic context. And remember, Labour's policies haven't even got through parliament yet so there is huge potential with regards to growth. Reforming planning and reducing NIMBYism alone will be massive and that costs nothing and actually allows companies who already want to invest to actually be able to invest, such as we've seen with the data centres.
@ 2-year gilts are a very poor proxy for what is long term government borrowing which is what we are talking about here. The yields on 10-year government bonds are an appropriate benchmark. Whilst we are not talking 2022 levels - empirically such sharp rises in these yields following a budget is not the norm. What this means is that future borrowing (of which there will need to be a lot more) is going to be more expensive and constrained as a result. They are worried about this budget being inflationary and rates remaining much higher for much longer than forecast. That has a knock-on effect for private sector investment and of course Jo Bloggs through consumer borrowing for mortgages etc (another economic loss for the person on the street). I agree that reform in its broadest sense MUST have a key role in unlocking private sector investment which will fuel the necessary growth. Apart from talking about this in the abstract there is no indication of where this administration plans to go with this agenda. Hence nothing is bankable yet. Of course reform must also apply to the public sector where it is becoming clear to those who want to look that the NHS, Benefits System and State/Public Pensions are simply unsustainable under any set of economic forecasts for anything beyond the short term - this will be the same for any administration whatever their political persuasion. This is a point the general public are seemingly not ready for and I fear neither is this government. The days of tax, borrow and spend policies to achieve growth are long gone. That capacity has been fully utilised. This budget has not broken out of that model and it remains to be seen if the government have the backbone and wherewithal to take the economy where it needs to go via reforms. And don’t get me started on the necessity to address inequality which is the third leg of any necessary economic strategy for the UK. Which in itself is as unsustainable in its current state as the other issues mentioned above.
@@garethmills105 It's the exact same for 10 year gilts too... a negligible spike to a rate that's still lower than it was in the last 2 quarters of 2023. So, the initial reaction to this budget has gone down well with the markets. Look at the long-term data yourself, don't trust the sensationalist headlines.
Britain is the most unequal country in europe (both geographically and economically). Steph's mindset is part of the reason for that. She's quite the tory.
This budget is a demonstration of what happens when your Chancellor is a DEI hire...she's clearly not qualified for the job and we will all now feel the pain going forward.
At last. A clear distinction and choice for the electorate at the next general election. A radical, very left wing government versus a centre right tory party. Gone are the focus groups vying for the crowded centre ground. Let the battle commence.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
RR should be chancellor because of her ability, not because she's a woman. Her gender should be irrelevant.
Well said. Should always be the best person for the job.
No welfare reform, no public sector pension reform, no civil service reform ..... just increase tax on businesses which will be passed down to "working people". 4 months in and Labour have already shown how incompetent they are. I hope the public remember this in 4.5yrs time!
The slight problem with your analysis is reform costs money. Reform requires taxes
This is the biggest risk.. they have given hikes without anything in return. Same with NHS, it can suck in everything and still ask for more. There should be a preventive approach to health too.
@@glostergloster6945 The fact you think reform requires EVEN MORE money is part of the problem. Perhaps halving their budgets might just drive them to be more efficient with their funds.
@@gorr7642 Its actually pretty obvious. Most reform involves technology. Technology costs money.
@glostergloster6945 in most cases reform is "what do they do?" Nothing important "how much are they paid?" 50k "we can't afford that get rid"
Only in the public sector is that not standard every couple of years.
Err Peston was pro Labour!!!!!
So what is Laura K pro Tory and Nick Robinson. Get everyone from all the parties proportionately of course so it reflects the country.
Oh I'll do 5 exclamation marks for good effect like you.
Oh no, wait sod it.
Make it 10.
Here we go
!!!!!!!!!!!!!
If they wanted growth they should have upped the income tax threshold up £2k to £14.5k putting extra money into the hands of people who will actually spend their money, and cut half the NHS increase to fund it. The NHS is amazing but it's a money pit.
Not a growth budget. The U.K. economy needs growth. If RR and KS had any backbone they would take the U.K. back into the common market. That would give an immediate boost to growth by slicing the 20% plus friction costs on trade and lost investment causing the 4% gdp shrink to date. Just not courageous enough.
The government can claim they are spending more on the public sector, when it's just an increase in circular NI payments.
The choices made seem to have been - where can I scamble money together w8thout breaking what she'd already ruled out. It doesn't feel like there was any thought about being strategic or boosting the economy. In fact where she got most of the money from - employers NI - is probably the last one you'd want to hit if like Labour had said they wanted a growth economy. Sorry to say but this budget is a disaster, it's an anti growth budget that will load debt on the economy.
The Brain Drain begins!
Even lefty Labour-loving Pesto is openly concerned about the impact of this reckless budget. Tells you all you need to know.
I always thought he was only slightly less pro tory than Laura K
We've had 3 female prime mimisters, get over yourselves. Who cares? Is she any good is all that matters. As you say VERY risky budget and it is already going wrong (bond vigilantes circling). She has NO room.for manoeuvre.. Sadly capital is being focused on Net Zero. As.Paul Johnson said this morning NZ is.clean, but it's not growth. Transport infrastructure (wh8lich does.deliver growth) is declining in.real terms. Incoming international inflation is going to scupper her.and this level of tax is going to crowd out the private sector. .Welcome to statism. You know where it ends. The final irony.- evem the OBR says.all this tax and no growth. But th8s govt is.ALL.about ... growth. So grateful we had.the foresight to leave last year. Wishing her the best of British.
Prime ministers don't make or present the budget, the Chancellor does. It's okay to recognise that she is the woman to do so.
@@ecnalms851 She also comes from an Economist background rather than Journalism.
Personally as a worker I would absolutely prefer a hit to future wage rises than a hit to my pay packet now.
If Govts don't create an environment that encourages growth, wealthy investors (who are just sensible people looking to make their money count, not demons) will continue to buy assets rather than invest in businesses. The result will be more of the same - ever higher asset prices and no productivity improvements. In other words, wages stay low, jobs dry up and houses get ever more expensive 😔
Sadly the farmers who feed us have no option now to either sell land or borrow to pay IHT
Bill Gates, the biggest landowner in the US and Larry Fink of Blackrock walking out of No.10. What were they doing there!
@@Silvermachine7preparing to buy cheap land thrown onto the market for IHT bills…
people not fighting this we will all regret soon because they will control our food as well. I now realise why people will follow anti christ because these people will control everything and anti christ will say I will save you and give us everything in fact he will be fake
@@frankgahan815 Laid out on a plate for them by their fellow Davos chum Starmer!
A 1000-acre farm at 20% IHT would cost £4000,000.
Also, if land was sold to pay, the IHT would be subjected to capital gains tax.
Tax. Tax. Tax.
Yes I like the sound of that!🤩👍
Higher living wage means landlords can push up their rents.
it means prices go up across the board and we're back to square 1
Rents are determined by the market, you want cheaper rent then increase supply - it's econ101
After that budget, it will probably be another 800 years before we get a women in that job.
You reckon she’s truly a female. Look at the eyebrow ridge. Look at stephs
You reckon she’s truly a female. Look at the eyebrow ridge. Look at stephs
Have you already forgotten the ludicrous budget made by Liz and Kwasi, which collapsed the economy not so long ago?
Agree, Truss and Reeves have set women in politics back 100 years 😊
Labour have sealed their own fate. Like the UK economy they will be out of business at the end of their term.
On a serious note - she’s dressed as Velma, right?
According to Steph, it's taken 800 years to get the first woman Chancellor??!! So back in 1224, Henry III was calling the shots in England and Alexander II in Scotland because you see Steph, England and Scotland were actually separate countries back then 800 years ago. Who'd have thought it eh?? However, Steph is quite right, it was definitely men managing the treasury back then. However to be fair I believe that Boudicca ran the treasury back in 60 AD in East Anglia for a bit and Cartimandua did it in what is now Yorkshire and that was 1,964 years ago!! History!! Who needs it, eh Steph?
The U.K. is not in the European Union 🇪🇺 ☹️
Reeves’s budget is profoundly dangerous to the economy. Low margin (typically minimum wage payers) and lower revenue (including start ups) businesses are very exposed to the massive hike in NICs. If those businesses have pricing power, inflation will be stoked. Expect hospitality and retail (including supermarkets) businesses to hike prices. If they don’t have pricing power, they could close. Included in the “highly at risk” category are universities, charities (e.g. Macmilllan nurses), private care homes and, perhaps, the Royal Mail. There will be a push to use the Gig economy, a shift to off-payroll workers and a greater focus on offshoring (where feasible). If would have been far better for Reeves to increase Corporation Tax. It could be that there’ll be so much adverse reaction to Labour MPs (incl. from unions) that Labour will have to change the budget, which will mean the end of Reeves.
Every man woman and child will ultimately have about £50 a month less to spend.
Sadly young people more than others. The super inflation min wage increase together with the lower £5k allowance for employer NIC 15% disproportionately affects low waged. i'm expecting youth unemployment to rise. Sad. That generation needs help.
Stange, My boys wage will be going up nearly £3.60 an hour more as of this April. I can't see him being worse off.
@@presterjohn71Not upfront but there is pressure on his employer. If the employer is a big business they will automate, a small business will cut staff. Let's see
Without government deficit spending, I doubt there is any real growth!
Small farms are uneconomical. Some small farms aren't farming much at all but running things like petting zoos and AirBnB operations. Nothing to do with producing food.
Well there’s a bold statement, even if your “expert”analysis is true which I know it isn’t, they are working people who have been shafted. Clever of RR if you think about her land and housing crises, how convenient that these ridiculous taxes will force family farms to break up as they are forced to sell.
"The nation won't be any richer?" This, of course, is rhetorical nonsense as a statement. If spending triggers growth, we will be. That's how it works. Reeves has calculated that a step change in house building, hospital and school construction will itself trigger secondary and tertiary growth. She has also calculated that higher low-end earnings will immediately re-enter the economy and much of that will come back into the treasury in the form of tax receipts.
This is macro economics 101.
Who's the Geordie bloke ?
You not in the EU!
did you know she is the first ever woman chancellor? eyes roll...let's talk about brass tacks
Really disappointed to hear y’all talk about a govt achieving long term growth like such a bad thing because it won’t show results in 4 years. Our country is rotting specifically because of this obsession with things which pay off in 4 years.
Long term growth is what we need. Don’t necessarily agree that this budget is the best approach, but respect for them actually thinking about the future of the country rather than just playing politics
People will get poorer because of Brexit!😂
Fancy being the first woman to deliver a budget. But all you did was deliver a death sentence to businesses and workong people. Sad
I think it's a great budget. Tax rising to help balance spending but also enough to help increase public investment and to implement their manifesto policies like the national wealth fund. Their public investment and industrial strategy should help to encourage private sector investment in the long term too which then all in all should help to increase productivity growth which has been flat for 15 years (all our economic problems essentially come back to the fact that we've had non-existent productivity growth).
It seems that the financial markets do not agree with you. Borrowing costs have jumped significantly today and only a small further increase will push the Govt outside its own fiscal rules and planned borrowing will have to be reduced. Will that lead to a spiral of further taxes, higher borrowing costs etc. Doesn’t look promising at the moment.
My view is that we will actually see private investment fall from current and certainly forecast levels. There is no magic money tree and higher business taxes and higher for longer interest rates will have a big squeeze on investment.
The budget is predicated on investment and the subsequent growth that will follow. It is not clear at all that this will be the path that we go down.
@garethmills115 indeed. Bond markets can smell blood in the water. .
@@garethmills105 The jump in gilts is negligible if you actually look at all the data. 2 year gilts for example are still at a lower rate than they were in the last 2 quarters of 2023. The pound currency index is also stable and it's change is negligible. Many articles have been sensationalist but all you have to do is actually look at the long-term data and you'll see for a budget that's increased taxes by £40 billion and increasing spending by £70 billion over the next 5 years.. it's gone down pretty well given the economic context. And remember, Labour's policies haven't even got through parliament yet so there is huge potential with regards to growth. Reforming planning and reducing NIMBYism alone will be massive and that costs nothing and actually allows companies who already want to invest to actually be able to invest, such as we've seen with the data centres.
@ 2-year gilts are a very poor proxy for what is long term government borrowing which is what we are talking about here. The yields on 10-year government bonds are an appropriate benchmark. Whilst we are not talking 2022 levels - empirically such sharp rises in these yields following a budget is not the norm. What this means is that future borrowing (of which there will need to be a lot more) is going to be more expensive and constrained as a result. They are worried about this budget being inflationary and rates remaining much higher for much longer than forecast. That has a knock-on effect for private sector investment and of course Jo Bloggs through consumer borrowing for mortgages etc (another economic loss for the person on the street).
I agree that reform in its broadest sense MUST have a key role in unlocking private sector investment which will fuel the necessary growth. Apart from talking about this in the abstract there is no indication of where this administration plans to go with this agenda. Hence nothing is bankable yet. Of course reform must also apply to the public sector where it is becoming clear to those who want to look that the NHS, Benefits System and State/Public Pensions are simply unsustainable under any set of economic forecasts for anything beyond the short term - this will be the same for any administration whatever their political persuasion. This is a point the general public are seemingly not ready for and I fear neither is this government.
The days of tax, borrow and spend policies to achieve growth are long gone. That capacity has been fully utilised. This budget has not broken out of that model and it remains to be seen if the government have the backbone and wherewithal to take the economy where it needs to go via reforms.
And don’t get me started on the necessity to address inequality which is the third leg of any necessary economic strategy for the UK. Which in itself is as unsustainable in its current state as the other issues mentioned above.
@@garethmills105 It's the exact same for 10 year gilts too... a negligible spike to a rate that's still lower than it was in the last 2 quarters of 2023. So, the initial reaction to this budget has gone down well with the markets. Look at the long-term data yourself, don't trust the sensationalist headlines.
A lot can also go right. Also on another note, I thought she was a man 😅
She could be… maybe thatcher was. Maybe may was
Britain is the most unequal country in europe (both geographically and economically). Steph's mindset is part of the reason for that. She's quite the tory.
Spot the person who has never run a business 🙄
Its false to state that UK is the most unequal country in Europe when there are more than 10 countries that are more unequal. Spot the commie...
The EqualityTrust says it isn't the most unequal country in Europe.
This budget is a demonstration of what happens when your Chancellor is a DEI hire...she's clearly not qualified for the job and we will all now feel the pain going forward.
At last. A clear distinction and choice for the electorate at the next general election. A radical, very left wing government versus a centre right tory party. Gone are the focus groups vying for the crowded centre ground. Let the battle commence.
You must be a comedian. Seems to be zero chance of one-nation, centre-right Tory party. Tories will likely be out of power for at least a decade.