Imagine how out of touch this government is-offering a £10 salary increase while raising taxes by £15. How do they expect people to survive? The economy is truly in a dire state, and it feels like it’s gone for good.
The most painful issue here is that the Labour Party had the authority to stand up against the Tories and their excessive taxes, but instead, they’ve now implemented even higher taxes themselves. They continue to lie to us, treating us like fools.
Imagine having to relocate your family and business due to economic hardship, while the elderly pray to escape the impending crisis to avoid the burden of rising costs. If the government truly cares about the country, why can’t they just take the necessary funds from their own pockets to help alleviate this situation?
The UK government vows to protect and serve its citizens, yet they fail to allocate taxes for our benefit. I used a tax calculator to check my contributions, and I realize I would be better off without these so-called taxes. It’s clear I need to get a financial advisor to help me optimize my income and finances because this government is filled with failed fools.
Can you please share who you’re working with? I’ve been considering working with a good financial advisor,because this isn’t the highest tax rate the UK FFS has ever seen. It’s incredibly frustrating
What a failed society we live in. How much are the rich really paying, while so many large companies continue to avoid taxes? Increased taxes are just another way for politicians to secure a pay rise. Can’t they stop sending money to other countries? It seems so simple at this point. I really need a financial advisor myself, and I’m going to check out Kate Elizabeth Cressotti. This government is truly heartbreaking.
I lived in Finland for 10 years and paid a ‘progressive tax’ rate. The difference is, everything worked and everyone knew where the money was going due to their transparency laws. I am now paying the same ‘progressive tax’ rate in the UK but nothing works and I have no idea where the money is going! Just lots of corruption and bad management.
The extra revenue is going to try and eventually achieve a system like yours after years of neglect. The actuality is,in the future ,the Tories will return to power with policies that reverse any gains that may have been made. Until that perpetual problem is solved the UK is doomed. A PR election system would stop such violent swings of ideology that hinder the country.
It’s paying for their fantasy projects like climate change and HS2, and paying for half the world to come and live here Scott free. We are just a leaking bucket and until they stop wasting our money we will keep getting shafted and taxes will keep going up. People need to start voting differently
@ they certainly haven’t helped, but labour have just speeded it up. Apparently a lot of businesses still think they can pass the employer ni onto the employee - you can’t. So I don’t think this has quite sank in yet. The truth is there are policies they could stop to save billions, but won’t.
The way history is written, they have confused the definitions successfully, to the point that Communists are calling people after German dictator, but he was as socialist as they are
Labour is worse than it was sure but there not the same as torys for starters they wouldn't be raising taxes if they where the tory's only know how to cut them and don't care if it messes up public services, the money from this budget is going to places its needed like the NHS which has been neglected for 14 years among many others Labour may not be the best but there not the corrupt tory's every other week with the tory's in power the was scandal after scandal have you noticed that it has stopped now that a deferent government is in
Then why are the Tories criticising Labour's budget? If they were the same they would be congratulating Labour, also they would have presented similar budgets themselves instead of introducing austerity, taking us out of the EU and generally crashing the economy... killing people during Covid, putting more kids into poverty, causing more people to rely on food banks than ever, forcing the NHS to its knees, allowing schools to crumble, stopping HS2, presiding over the highest levels of inflation for decades and giving us the highest tax burden ever... amongst many, many other things.
The UK government should be here for the people of the UK. Tax is the money of the people. Yet the government never spends it on what the people want. It’s criminal. Every country has a government and every government should take care of its people first. It’s really getting bad recently.
Politicians and civil servants just don't have any accountability- just make vague promises to get elected then do whatever they want. Net Zero is an obsession with this lot - yet China is building new powerstations every week !
Growth down, interest rates up, borrowing up, national debt up, NI up, duty up, capital gains tax up, school fees up, stamp duty up, unemployment up, hiring down. Support for the party down, thank goodness.
don't worry they will win another 5 years Thing is growth was fictional anyway based on unfunded tax cuts that Sunak would have had to take a chainsaw to public services to pay for
We are all on this planet for around 85-90 years and then we die …for some reason we’ve allowed a small group of others who are on this planet the same as us to take most of our wealth that we have earned since being here, we just hand it over to them…😂 figure that out.
Thank God I am 78 and will not be here very much longer. The thought of living much longer under these so called politicians makes me physically sick. They are despicable bent.
You are lucky. I was born 1990 but feel as if people who got to be around between the 70s - 90s are very lucky. The country/world has gone to 💩 and let’s not talk about social media and dating in this day an age 😢 I should have been born in the 60s 😂
Could you please enlighten me as to what Net Zero has to do with whatever you just said? And what do you mean public spending will go to foreign companies?
@@SusanBell-dl5greven if materials come from abroad, the services involved in these projects can be delivered by UK companies (UK is a service based economy, not manufacturing). Plus, it is arrogant to expect the UK to have manufacturing capabilities after it has profited immensely off the back of cheap Chinese labour. Returning manufacturing here would also imply higher taxes since govt needs to subsidise materials to build factories and purchase machinery.
@@nicolavoiculescu4769 Susan's argument isn't based on facts, it's based on the need to say something negative. It's a moan, a whinge. She might not have read widely on the subject. Possibly she thinks climate change is a 'hoax'.
Hopefully some of that will change given Labour now have an actual industrial development plan. Unlike the previous government who just paid an Indian company to fire a load of workers.
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
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
That's an appealing narrative for someone with a particularly are to gridnd but the top 10% of income taxpayers, pay over 60% of income tax receipts. They also pay the most a VAT and other taxes.
The problem is not the amount of money those services receive but how that money is used. There is so much waste that giving them more money is akin to just throwing it on a trash fire. It will make no change other then people will lose jobs as employers try to ease overhead and working people will start to get closer to the living standard of those on wealthfare.
I used a tax calculator. It works out I would be better off on Benefits. I wouldn't have council tax to pay, no rent to pay, and I wouldn't have my income taxed. Worked out I would be £10.93 better off.
If this is true then the consequences are potentially a complete broken economic system and thus a broken country. I will be the first to get every friend and family member to sign up, because why should the working class be penalised for the governments incompetence or corruption
Although if you claimed, you might find it's not so easy to get Universal Credit. They will expect you to go down there at least once a week, to look for work for hours a day, and other things. There's umpteen reasons they have to stop payment and the claim althogher.
you can't tax your way to prosperity - GDP may grow due to Govt spending ( wastefully ) but wealth will not : govt does not create wealth. Interest rates will not fall , we will have a weak £ and if more even more borrowing is required expect a currency crisis. Compare S&P500 or NASDAQ V FSTE over last 10yrs
@ thanks I had not considered- according to Brittanica “Although the programs initiated by the New Deal had little direct expansionary effect on the economy” and it goes on to say the effect on sentiment was positive, it did over double US debt from 14% to 38% pre39. Given we have a debt at least 100% ( with off balance sheet liability perhaps 25% more) I would hope JMK would agree with me
What they have done for me just leads to the conclusion that neither party ever again should be solely trusted with power. The government itself needs a counterweight to it's own thinking, not an opposition party who is tails on a flipping coin with this shower on the flip side. And matters have now devolved to a You don't like higher taxes, well that's a bit unpatriotic as it's "to save the NHS".
@SlowhandGreg this is basic economics - markets with more money to spend as well as less time focusing on what strict amd arbitrary regulations to follow allow for more investment and time and energy focused on growth and leisure. The pattern in history is that the most kleptocratic and overregulated economies were the poorest and most underperforming countries. People like you ask "why didnt X party invest more?" I take issue with the premise underneath this statement that presumes it is the job of the state to invest.
The British government spends approximately £8 million per day on housing illegal immigrints in hotels. This amounts to around £2.9 billion per year. £2.9 billion. Also, this year the British government sent £12.8 billion to ukraine, and has spent £13.3 billion this year on foreign aid. In total, this is a staggering £29 billion. This isn't mentioning them shutting down all coal plants, even though most carbon capture and storage (CCS) technologies capture 90% of the carbon dioxide emissions. The transition to net zero will cost £38.5 billion to £76.9 billion per year. In total, this is a staggering £67.5 billion.
Giving human beings a place to live while ascertaining their elligibility for asylum, suppporting other humans through a reprehensible invasion, and provdiing aid to human beings around the globe who are suffering, while reversing the insane levels of damage we have done to the climate that is now ravaging the planet, all seems pretty wortwhile to me. Of course, if you think that some humans are not as equal as others, due entirely to the circumstances of their birth... well, that's your call.
I worked in the energy industry sometime ago and figured out 25 billion would put a 4kw solar array with high storage battery back up on every house in the country and properties as far north as Manchester could generate up to 90% of an average families energy use, imagine freeing up 90% of the money you spend on energy, harvesting solar energy on farms and sending it to a distribution centre is a total waste of money, by the time the power hits the grid it's as weak as a wet fart in a paper bag and ridiculously expensive, they dont care about renewables, it's just a corporate con trick.
This is highly misleading as some of those spends, net zero and foreign aid are captured back, sometimes with multiples. Your analysis is like saying: i spend £10 day on getting to work and £10 on coffee and lunch. But as a result of those spends, you get more back as a salary.
Its not quite as bad as i was expecting but time will tell. For me personally, if there is no chance of a wage rise in the next year or so I'm seriously considering leaving the UK
as someone who's been disabled since the covid jab, i'd like to suggest to reeves that if she tasked the NHS with getting all of us well enough to work theres nothing we'd like more than to go back to work. I'm not holding my breath for that.
Are you sure about that ".........Farming in Protected Landscapes (FiPL): The government provides funding to farmers and land managers in national parks and areas of outstanding natural beauty. ............" they get an absolute fortune
british Farmers could not feed the whole country anyway . I am careful , defending farmers !! i remember millions of Eggs destroyed every week 2 years ago so they could push up the prices ....
@@olavwilhelm6843 You do not need to worry about farmers they are very highly subsidised by the government especially livestock farmers they are rolling in cash absolutely rolling in it.
@@olavwilhelm6843 The UK government spends at least £1.5 billion a year subsidising livestock farming, ten times the UK's annual budget for planting trees
If a company did this in challenging times, borrow more without improving productivity and increasing market share to increase revenue. It will go bust. This pushes the problems down the road, while providing some departments with temporary relief.
As always, I'm struck by the number of people who don't seem to live in the real world. We're up above our heads in debt and folk are bleating because of tax rises. They seem to think it'll all just go away. It won't. I'm glad she's done this. I shows she's prepared to make hard decisions and inflict necessary pain. The Tories never had the backbone for it.
How can we get the sick into work? the NHS is failing apart and wasting millions on DEI, the mental health system is non-existent and woke ideology in schools and higher education is increasing young peoples mental health problems predominately anxiety and depression. not to mention the levels of immigration are completely unsustainable, adding more pressure to the system and housing. what employer is going to employ a sick person, a old person, a disabled person or one with caring responsibilities when we have boats full of young fit single men entering the country week after week who live in overcrowded flat shares so can work for peanuts all hours of the day?, they themselves are a ticking time bomb who will join the sick and old in a decade to be replaced by new migrants again whom employers will take on a low wage thus they will be entitled to UC pushing up the tax burden rather then reducing it rinse and repeat the drain. this government are clueless. in the 1940s they understood that you start at the bottom, giving people good quality housing, good education and enough money to stay warm and fed, they will be healthier, happier and thus save the NHS money and more likely to be employed and more productive once they are and you don't flood the market with unskilled migrant labour which hits those at the bottom hardest and prevents social climbing.
Remember the 1970s-mid 80s when basic tax rate was around 30%. In Thatcher era taxes were brought down but to compensate for lost revenue more indirect taxes and some increasing. Those indirect taxes snared more people into taxation. Wage packages looked better but the price of goods and services started escalating and today everything is to bloody expensive unless you rein in and rigidly control what you spend against what you have to pay for.
Covid was Rumoured to have come from China Causing the World's Production to Grind to a Halt.....Surely China should be Compensating the Rest of the World , No ? ........
Ppl are just gonna get poorer,oh joy, dont know how i survive now, as a single mom,i came here LEGALLY BEENKICKED IN THE TEETH COUNTLESS TIMES, GOD GIVE ME STRENGTH TO KEEP GOING
Your headline stating the “ highest ever tax level in UK “ is a lie, it was higher post the WWII recovery era. If you start with a blatant falsehood I don’t take much notice after that. - you might get clicks but you never get a 2nd chance to make a first impression.
oh go away you vile conservative....it is right wing policies and selfish people like you who don't pay their fair share of taxes that is the issue not migrants or people on the dole.....shame on you with your sociopathic and selfish views.
Yes, actually and unironically, this is what I wanted when voted Labour. Increase the tax burden in a fair way to pay for essential public services (and this was VERY fair on working people). You'd be more pee'd off if an underfunded NHS failed your elderly parents, believe me.
Define "everything". Do you think we all voted for an end to Winter Fuel Allowance and an increase in indefinite military funding and assistance for Ukraine and Israel?
The only way to make them listen is for everyone to stop paying tax. We need reform and a choice as to how our taxes are spent. I am sick of propping up others while our own suffer.
I am, as mentioned by a few callers to LBC, we need to actually help the people. Some of what she said will actually benefit those who cannot work, the NHS to support us and overall fixing what the Tories destroyed. So categorically yes, I am and thanks for asking.
Honestly happy with the budget, we desperately need to change from the prior decade of failure, the market was obviously never going to bounce us into success, especially with the disaster of Brexit. Taxes and debt for investment, we must have significant change in what we do.
@@XenonPrimeSBSV Feel the same, we need to invest in NHS and public services and if Trump wins a second term, we know he's eyeing the NHS, we need to protect it.
we already have one of the highest taxes in the world and just increasing from corrupted politicians putting all the money in their own pockets and increasing the rise of homelessness and making things not affordable at all
No, he doesn't. The budget was actually good considering the state the Tories left us in, and very fair on working people. I wouldn't go around believing every bespectacled man on TH-cam.
Then those people will just leave the country and a lot of them are earning that much because of their skills and the years of experience working in their field, such as doctors, engineers and tradesmen. Plenty of other countries out there that would love to have those people with their experience move over and provide their services
Top 10% earners pay 60% of all tax in the UK if you raised that more yes most would leave or stop working as these people of in positions they can Crazy thing is that labour has hit everyone here with pretending thay that big bad companies are the ones getting taxed. When infact shit rolls down hill and it will hit us all in the sort and long term
A business owner who earns million a year buys a brand New rolls royce for £100k, this is only 1 month's earning, but if a person on minimum living wages of £20k buys a brand new car for £20k, this is whole years wages wiped out, whole country should go on strike until they pay up 27
It isn't a 'far left' government. Nothing like. You might want to find out what a real far left government might actually do, in the unlikely event onecwas elected.
Peter what fucking part of tax rises is far left? The Nazis were technically socialists but they clearly weren’t were they. Do 10 seconds of googling before you start using big words
Ukraine has nothing to do with it. We can't pretend it's not happening. Like I said before, we need to look beyond ourselves, not just think, what's best for me.
*_What's that? The budget caused panic in the markets? I presume the PM and Chancellor will be drummed out of office? Or doers that only happen when Tories suggest tax breaks the central banks didn't agree to?_*
Wasn't top tax rate something like 90% in the early 1960's drove a lot of very high earners like Alistair MacLean and Sir Jackie Stewart out while others would spend a whole tax year officially resident in Bermuda or the Cayman Islands
@@MookMineola It will costs more to cancel the project why? Because it's a train that doesn't go to London and doesn't go to Birmingham Birmingham, Manchester, Leeds, Newcastle all need extra rail capacity to move intercity rail off the current line so they can increase local rail traffic which is currently rammed.
Always the same way raise the wages raise the taxes. The only way an economy works in a capitalist society is for people to have money for it to work. If nobody has none it very quickly become communism or worse.
@@braddyboy83 the only way we have avoided becoming a dictatorship is because we have the monarchy. Obviously a monarchy isn't very different but it's better than full blown communism and everyone being at the mercy of a stallin, Putin style leader.
Imagine how out of touch this government is-offering a £10 salary increase while raising taxes by £15. How do they expect people to survive? The economy is truly in a dire state, and it feels like it’s gone for good.
The most painful issue here is that the Labour Party had the authority to stand up against the Tories and their excessive taxes, but instead, they’ve now implemented even higher taxes themselves. They continue to lie to us, treating us like fools.
Imagine having to relocate your family and business due to economic hardship, while the elderly pray to escape the impending crisis to avoid the burden of rising costs. If the government truly cares about the country, why can’t they just take the necessary funds from their own pockets to help alleviate this situation?
The UK government vows to protect and serve its citizens, yet they fail to allocate taxes for our benefit. I used a tax calculator to check my contributions, and I realize I would be better off without these so-called taxes. It’s clear I need to get a financial advisor to help me optimize my income and finances because this government is filled with failed fools.
Can you please share who you’re working with? I’ve been considering working with a good financial advisor,because this isn’t the highest tax rate the UK FFS has ever seen. It’s incredibly frustrating
What a failed society we live in. How much are the rich really paying, while so many large companies continue to avoid taxes? Increased taxes are just another way for politicians to secure a pay rise. Can’t they stop sending money to other countries? It seems so simple at this point. I really need a financial advisor myself, and I’m going to check out Kate Elizabeth Cressotti. This government is truly heartbreaking.
And the most expensive public transport, most expensive housing... the UK hates its working class.
Most expensive electricity in Europe
neither of that is true, same goes for electricity prices in response to the other guy that responded
@@PhoeniX199777 For the service we get, it's absolutely true.
Labour are going to take the trains back to help fix the public transport issue.
That's what happens when you privatise government monopolies and outsource everything
I lived in Finland for 10 years and paid a ‘progressive tax’ rate. The difference is, everything worked and everyone knew where the money was going due to their transparency laws. I am now paying the same ‘progressive tax’ rate in the UK but nothing works and I have no idea where the money is going! Just lots of corruption and bad management.
The extra revenue is going to try and eventually achieve a system like yours after years of neglect. The actuality is,in the future ,the Tories will return to power with policies that reverse any gains that may have been made. Until that perpetual problem is solved the UK is doomed. A PR election system would stop such violent swings of ideology that hinder the country.
It’s paying for their fantasy projects like climate change and HS2, and paying for half the world to come and live here Scott free. We are just a leaking bucket and until they stop wasting our money we will keep getting shafted and taxes will keep going up.
People need to start voting differently
You can thank 14 years or tory chaos for that.
@ they certainly haven’t helped, but labour have just speeded it up. Apparently a lot of businesses still think they can pass the employer ni onto the employee - you can’t. So I don’t think this has quite sank in yet.
The truth is there are policies they could stop to save billions, but won’t.
@@silverrambo1508 that’s really not relevant, we have approx 13 times the population of Finland and therefore 13 times tax collection in theory.
3 billion for ukraine and 10 billion for Israel
As usual all the WEF puppets putting Ukraine and Israel,ahead of there own Countries .
It's cheaper than not doing anything and waiting for the war to spread unfortunately.
Cry
@edwardvalivonis23 ruin the country by voting in commis then insult people who are vexed. Top behaviour. Can't fix stupid
Plus couple for illegal immigrants
Labour had the cheek to criticize the Tories over taxes now labour has taxed far far higher after completely lying to the public.
“The left wing and right wing are two wings of the same bird”
The way history is written, they have confused the definitions successfully, to the point that Communists are calling people after German dictator, but he was as socialist as they are
@@rebeccaconlon9743 there's an irony to what you've just written that I suspect you are blind to.
Labour hardly left wing these days
@@rebeccaconlon9743 HJAHAH WHAT ARE YOU SMOKING
I am right wing and no they are not two wings of the same bird.
The irony of people blaming either labour or Tory is insane. THEY ARE BOTH THE SAME
I've put a few similar comments in other channels and they've all been deleted. Expect the same to happen to yours soon.
Labour is worse than it was sure but there not the same as torys for starters they wouldn't be raising taxes if they where the tory's only know how to cut them and don't care if it messes up public services, the money from this budget is going to places its needed like the NHS which has been neglected for 14 years among many others Labour may not be the best but there not the corrupt tory's every other week with the tory's in power the was scandal after scandal have you noticed that it has stopped now that a deferent government is in
Then why are the Tories criticising Labour's budget? If they were the same they would be congratulating Labour, also they would have presented similar budgets themselves instead of introducing austerity, taking us out of the EU and generally crashing the economy... killing people during Covid, putting more kids into poverty, causing more people to rely on food banks than ever, forcing the NHS to its knees, allowing schools to crumble, stopping HS2, presiding over the highest levels of inflation for decades and giving us the highest tax burden ever... amongst many, many other things.
@garyorourke4524 I've noticed YT censorship on comments is getting insane. Generally given up having discussions on YT
Lib-Lab-Con.
Cheeks of the same arse.
RIP what's left of the economy.
Just the beginning. Leave this country if you can.
And go where? This is happening all over the world. Mass immigration in most countries
@@Drt-91 Lots going to Portugal apparently.
@@Drt-91just go to places with mass emigration, dummy :)
Off you go then. Remember to call yourself an immigrant to that country.
@@Silvermachine7 I'll have a look into it. Thanks for the heads up
😂 increase salaries with 10£ and increase taxes with £15
Oh look more money for wars
Cheaper than directly being involved in one in person
oh look, a kremlin bot!
@@andrewgorelik4792being anti-war makes you a Russian bot? Lmao
@@andrewgorelik4792oh look! A Labour dummy
And "Refugees"
The UK government should be here for the people of the UK. Tax is the money of the people. Yet the government never spends it on what the people want. It’s criminal. Every country has a government and every government should take care of its people first. It’s really getting bad recently.
It's happening in every western nation it appears.
Politicians and civil servants just don't have any accountability- just make vague promises to get elected then do whatever they want. Net Zero is an obsession with this lot - yet China is building new powerstations every week !
Growth down, interest rates up, borrowing up, national debt up, NI up, duty up, capital gains tax up, school fees up, stamp duty up, unemployment up, hiring down.
Support for the party down, thank goodness.
don't worry they will win another 5 years
Thing is growth was fictional anyway based on unfunded tax cuts that Sunak would have had to take a chainsaw to public services to pay for
We are all on this planet for around 85-90 years and then we die …for some reason we’ve allowed a small group of others who are on this planet the same as us to take most of our wealth that we have earned since being here, we just hand it over to them…😂 figure that out.
Exactly why I would never vote for Farage, he's just another rich man trying to fleece us
But that is life it has always been the same. What amazes me is that people actually 'breed' under these conditions
This is how you turn respectable people into criminals. Pick your fights very carefully!!!
"Respectable".
I can’t wait until the people turn
Working me fucking arse of for less money now , back to growing weed for me
I think it's true, look at any revolution. You will struggle to argue that those people weren't respectable @@TheSilentScreamX
Thank God I am 78 and will not be here very much longer. The thought of living much longer under these so called politicians makes me physically sick.
They are despicable bent.
prove it
@@nicolavoiculescu4769troll sym
@@nicolavoiculescu4769 prove it? are blind deaf and dumb? or is it a lack of comprehension or what because no one can have this low of an IQ
You are lucky. I was born 1990 but feel as if people who got to be around between the 70s - 90s are very lucky. The country/world has gone to 💩 and let’s not talk about social media and dating in this day an age 😢 I should have been born in the 60s 😂
Lol your about to see underinvestment in public services first hand then. Get back to me when your the 12hr on a trolly, holding a piss bottle
We all know how cost effective public spending is when most of it will go to foreign companies, time to stop Net Zero.
Could you please enlighten me as to what Net Zero has to do with whatever you just said? And what do you mean public spending will go to foreign companies?
@@nicolavoiculescu4769 where to you think the materials come from, and who gets the profits, due to the UK not being able to produce anything.
@@SusanBell-dl5greven if materials come from abroad, the services involved in these projects can be delivered by UK companies (UK is a service based economy, not manufacturing). Plus, it is arrogant to expect the UK to have manufacturing capabilities after it has profited immensely off the back of cheap Chinese labour. Returning manufacturing here would also imply higher taxes since govt needs to subsidise materials to build factories and purchase machinery.
@@nicolavoiculescu4769 Susan's argument isn't based on facts, it's based on the need to say something negative. It's a moan, a whinge. She might not have read widely on the subject. Possibly she thinks climate change is a 'hoax'.
Hopefully some of that will change given Labour now have an actual industrial development plan.
Unlike the previous government who just paid an Indian company to fire a load of workers.
Left or right, both wings of the same bird. Worked it out yet?
Are we allowed to ask for a ceasefire? The spending for that is crazy?
how dare you suggest such a thing, Isreal must do what they like whatever the expense because that's the way it is
@@1bloodnovskipls say this is sarcasm
@@ofwgkta.0 clearly
@@ofwgkta.0you can’t tell?
@@nicolavoiculescu4769 I can’t always understand someone’s tone through text
Why can't they take it out of their own pay!
Because then only the super wealthy can afford to be MPs
HE HAS TO GET THE MONEY FOR HIS MUSLEM BROTHERS SOMEWHERE CANT ASK HIS FRIENDS CAN HE ?BILLY NO MATES
Because all animals are equal but some animals are more equal than others
Its much easier to spend other people's money.
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.
@@alasdekarton yeah right .... i can see what you and these politicians have in common lol...not a good relation with the truth ;-))
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Rich people don't pay most of the taxes, in fact they hardly pay anything, it's the middle class who fund them
That's an appealing narrative for someone with a particularly are to gridnd but the top 10% of income taxpayers, pay over 60% of income tax receipts.
They also pay the most a VAT and other taxes.
This is a completely false statement. Do a little research and don't just follow what sheep say.
Get the workshy benefit cheats back to work and I will then gladly pay more tax.
The problem is not the amount of money those services receive but how that money is used. There is so much waste that giving them more money is akin to just throwing it on a trash fire. It will make no change other then people will lose jobs as employers try to ease overhead and working people will start to get closer to the living standard of those on wealthfare.
The waste and inefficiency in the NHS is mind blowing.
Imagine that …. Starmer, Reeves and Rayner all know how to spend my money better than I do!!😂😂😂
certainly do
welcome to socialism
@nickwilliamsbespokebeltmak8309 I wish its just a bit of centrism
That s why they have more :-)).... I'd do the same
Due to the freebies they don't have to worry about spending for daily needs or holidays, or entertainment.
I used a tax calculator. It works out I would be better off on Benefits. I wouldn't have council tax to pay, no rent to pay, and I wouldn't have my income taxed. Worked out I would be £10.93 better off.
If this is true then the consequences are potentially a complete broken economic system and thus a broken country. I will be the first to get every friend and family member to sign up, because why should the working class be penalised for the governments incompetence or corruption
Although if you claimed, you might find it's not so easy to get Universal Credit.
They will expect you to go down there at least once a week, to look for work for hours a day, and other things. There's umpteen reasons they have to stop payment and the claim althogher.
A tenner? wow
@@marmadukesandwich a tenner plus you get unlimited time to catch up on daytime tv.
Then go for it, m'lord
Were gunna have 1 million pound notes by the 2040 at this rate
you can't tax your way to prosperity - GDP may grow due to Govt spending ( wastefully ) but wealth will not : govt does not create wealth. Interest rates will not fall , we will have a weak £ and if more even more borrowing is required expect a currency crisis. Compare S&P500 or NASDAQ V FSTE over last 10yrs
That is strictly untrue go look at FDR and the new deal
Your going against one of the economic superstars of all time here in John Maynard Keynes
@ thanks I had not considered- according to Brittanica “Although the programs initiated by the New Deal had little direct expansionary effect on the economy” and it goes on to say the effect on sentiment was positive, it did over double US debt from 14% to 38% pre39. Given we have a debt at least 100% ( with off balance sheet liability perhaps 25% more) I would hope JMK would agree with me
What they have done for me just leads to the conclusion that neither party ever again should be solely trusted with power. The government itself needs a counterweight to it's own thinking, not an opposition party who is tails on a flipping coin with this shower on the flip side. And matters have now devolved to a You don't like higher taxes, well that's a bit unpatriotic as it's "to save the NHS".
Quite negatively - economies improve with more money to spend as opposed to less
No they don't they improve when you invest more has 14 years of shrinking economy tought you nothing?
@SlowhandGreg this is basic economics - markets with more money to spend as well as less time focusing on what strict amd arbitrary regulations to follow allow for more investment and time and energy focused on growth and leisure. The pattern in history is that the most kleptocratic and overregulated economies were the poorest and most underperforming countries.
People like you ask "why didnt X party invest more?" I take issue with the premise underneath this statement that presumes it is the job of the state to invest.
@@Billmaster115 Finally someone understands consumptionism and the economic impact of individuals not spending
The British government spends approximately £8 million per day on housing illegal immigrints in hotels. This amounts to around £2.9 billion per year. £2.9 billion.
Also, this year the British government sent £12.8 billion to ukraine, and has spent £13.3 billion this year on foreign aid.
In total, this is a staggering £29 billion.
This isn't mentioning them shutting down all coal plants, even though most carbon capture and storage (CCS) technologies capture 90% of the carbon dioxide emissions. The transition to net zero will cost £38.5 billion to £76.9 billion per year.
In total, this is a staggering £67.5 billion.
And then they are like well to save £10 billion we need to raise taxes by x% ammount what a ducking joke
Giving human beings a place to live while ascertaining their elligibility for asylum, suppporting other humans through a reprehensible invasion, and provdiing aid to human beings around the globe who are suffering, while reversing the insane levels of damage we have done to the climate that is now ravaging the planet, all seems pretty wortwhile to me.
Of course, if you think that some humans are not as equal as others, due entirely to the circumstances of their birth... well, that's your call.
I worked in the energy industry sometime ago and figured out 25 billion would put a 4kw solar array with high storage battery back up on every house in the country and properties as far north as Manchester could generate up to 90% of an average families energy use, imagine freeing up 90% of the money you spend on energy, harvesting solar energy on farms and sending it to a distribution centre is a total waste of money, by the time the power hits the grid it's as weak as a wet fart in a paper bag and ridiculously expensive, they dont care about renewables, it's just a corporate con trick.
Does the uk government get paid by other countries to house the immigrants ? Or we just housing these randoms for no reason ?
This is highly misleading as some of those spends, net zero and foreign aid are captured back, sometimes with multiples.
Your analysis is like saying: i spend £10 day on getting to work and £10 on coffee and lunch.
But as a result of those spends, you get more back as a salary.
Its not quite as bad as i was expecting but time will tell. For me personally, if there is no chance of a wage rise in the next year or so I'm seriously considering leaving the UK
They need money for war but can’t feed the poor
as someone who's been disabled since the covid jab, i'd like to suggest to reeves that if she tasked the NHS with getting all of us well enough to work theres nothing we'd like more than to go back to work. I'm not holding my breath for that.
uk only country where u can see 600gbp return ticket for train and 80gbp return flight ticket...
Stop sending money to other countries it’s quite simple
What money does the UK send to other countries?
Just paid £23,000 in Stamp Duty! My mortgage could be £23,000 smaller…. This will take me years and years to pay off…… THIEVES!!
Don't buy such an expensive home then. £700k approx??
@@kevinsyd2012700k gets you a tiny crappy old house in Cambridge lovely
And this is only the first budget 💀
The budget is really good.
How much are the rich going to pay and the big companies that avoid taxes.
All the rich people that pay most of the taxes will leave, all that will be left here will be the sh*t
poor = sh*t?
What a nice chap you must be
you think they pay the most taxes thats sweet
@somthingbrutal 95%. Do some research
@@somthingbrutalIt's a basic fact, the 1% pay the most taxes.
@@MisshapenGoat lol
And nothing for our farmers.
Are you sure about that ".........Farming in Protected Landscapes (FiPL): The government provides funding to farmers and land managers in national parks and areas of outstanding natural beauty. ............" they get an absolute fortune
british Farmers could not feed the whole country anyway . I am careful , defending farmers !! i remember millions of Eggs destroyed every week 2 years ago so they could push up the prices ....
@@olavwilhelm6843 You do not need to worry about farmers they are very highly subsidised by the government especially livestock farmers they are rolling in cash absolutely rolling in it.
@@olavwilhelm6843 The UK government spends at least £1.5 billion a year subsidising livestock farming, ten times the UK's annual budget for planting trees
If a company did this in challenging times, borrow more without improving productivity and increasing market share to increase revenue. It will go bust. This pushes the problems down the road, while providing some departments with temporary relief.
As always, I'm struck by the number of people who don't seem to live in the real world. We're up above our heads in debt and folk are bleating because of tax rises. They seem to think it'll all just go away. It won't. I'm glad she's done this. I shows she's prepared to make hard decisions and inflict necessary pain. The Tories never had the backbone for it.
This budget hasn't put a £30,000,000,000 hole in the economy and put peoples mortgages up by £100's per month!!
Mortgage rates have stayed the same
@@Alex-fm5ke you obviously don't have a mortgage 😂
Truss depressed gilts so badly that pension assets fell by -425 billion (24%) and were within hours of going bankrupt
This country stinks I'm out of here
Good luck finding anywhere better. The whole world is in tatters.
@bantabury I have a villa out in Portugal life is a whole lot better
@@lukeframpton3671well aren't you the highly priveleged one....perhaps keep that in mind when you judge others for their choices.
the crazy prices for housing market rentals or buying is ridiculous it needs help.
How can we get the sick into work? the NHS is failing apart and wasting millions on DEI, the mental health system is non-existent and woke ideology in schools and higher education is increasing young peoples mental health problems predominately anxiety and depression. not to mention the levels of immigration are completely unsustainable, adding more pressure to the system and housing. what employer is going to employ a sick person, a old person, a disabled person or one with caring responsibilities when we have boats full of young fit single men entering the country week after week who live in overcrowded flat shares so can work for peanuts all hours of the day?, they themselves are a ticking time bomb who will join the sick and old in a decade to be replaced by new migrants again whom employers will take on a low wage thus they will be entitled to UC pushing up the tax burden rather then reducing it rinse and repeat the drain. this government are clueless. in the 1940s they understood that you start at the bottom, giving people good quality housing, good education and enough money to stay warm and fed, they will be healthier, happier and thus save the NHS money and more likely to be employed and more productive once they are and you don't flood the market with unskilled migrant labour which hits those at the bottom hardest and prevents social climbing.
Tax the Oligarchs and the disgusting payments for the Kings of the Financial sector.
Take cash everyone. Why pay them ? Come on what can you do
It's all going according to plan
-WEF
Remember the 1970s-mid 80s when basic tax rate was around 30%.
In Thatcher era taxes were brought down but to compensate for lost revenue more indirect taxes and some increasing.
Those indirect taxes snared more people into taxation.
Wage packages looked better but the price of goods and services started escalating and today everything is to bloody expensive unless you rein in and rigidly control what you spend against what you have to pay for.
Stop paying taxes or demand to choose what happens with them.
oh please wake up and grow up :-))
Elephant in the room? 320 to 410 billion wasted on covid. People sitting at home on furlough will need to pay it back now and for generations to come.
Covid was Rumoured to have come from China Causing the World's Production to Grind to a Halt.....Surely China should be Compensating the Rest of the World , No ? ........
Ppl are just gonna get poorer,oh joy, dont know how i survive now, as a single mom,i came here LEGALLY BEENKICKED IN THE TEETH COUNTLESS TIMES, GOD GIVE ME STRENGTH TO KEEP GOING
Your headline stating the “ highest ever tax level in UK “ is a lie, it was higher post the WWII recovery era. If you start with a blatant falsehood I don’t take much notice after that. - you might get clicks but you never get a 2nd chance to make a first impression.
This is Russian funded bait I suspect
Working class people are as well as leaving the UK if they can. Much better quality of life in Poland now!
get rid of all illegal migrants and lazy yes lazy dole scroungers before upping taxes on our hard earned money
oh go away you vile conservative....it is right wing policies and selfish people like you who don't pay their fair share of taxes that is the issue not migrants or people on the dole.....shame on you with your sociopathic and selfish views.
YES YES YES but how ???? i still wonder how they get in here by the truck loads
This is what every single person who voted for Labour wanted remember that.
Because they knew full well this was the plan
All 20% of the population voted Labour. And "won" the election.
What do people want labour to do? Decrease all taxes and pay for everything with monopoly money
Yes, actually and unironically, this is what I wanted when voted Labour. Increase the tax burden in a fair way to pay for essential public services (and this was VERY fair on working people). You'd be more pee'd off if an underfunded NHS failed your elderly parents, believe me.
Define "everything".
Do you think we all voted for an end to Winter Fuel Allowance and an increase in indefinite military funding and assistance for Ukraine and Israel?
@@Sullivan-z9z migrants pay more than you and yours mate.
How else will we pay for all the illegal immigrants 😂
RIP in memory of the UK I once knew.☠️
The only way to make them listen is for everyone to stop paying tax.
We need reform and a choice as to how our taxes are spent.
I am sick of propping up others while our own suffer.
The more they tax the more they spend and the more Britain's national debt keeps on rising.
1.25 % lower. So that basically means a family meal for 4 at KFC once a week worse off... It's not much.
100 billion of tax payers money wasted on hs2 and were having to make up for that after paying for the fucker in the 1st place
I love my people but I hate ………. With a passion this bloody country !
It’s a sinking ship people it’s just a case of when do we jump ship ?
I hope the Labour voters are proud of themselves !
I am, as mentioned by a few callers to LBC, we need to actually help the people. Some of what she said will actually benefit those who cannot work, the NHS to support us and overall fixing what the Tories destroyed. So categorically yes, I am and thanks for asking.
National debts have to be paid, unpleasant but true. Previous governments created the debt level, now it's time to pay for it.
@@garywebb1461can we check in 6 months😂😂😂
@garywebb1461 great trolling! 🤣🤣 I bet some people will actually think you're being serious.
Absolutely 💙 about time too
Any Goods Will now be stolen honesty just went out the window
Honestly happy with the budget, we desperately need to change from the prior decade of failure, the market was obviously never going to bounce us into success, especially with the disaster of Brexit.
Taxes and debt for investment, we must have significant change in what we do.
@@XenonPrimeSBSV Feel the same, we need to invest in NHS and public services and if Trump wins a second term, we know he's eyeing the NHS, we need to protect it.
@@alinemichele7486 he wants nhs for what and HOW
we already have one of the highest taxes in the world and just increasing from corrupted politicians putting all the money in their own pockets and increasing the rise of homelessness and making things not affordable at all
Kier Starmer needs to resign.
No, he doesn't. The budget was actually good considering the state the Tories left us in, and very fair on working people. I wouldn't go around believing every bespectacled man on TH-cam.
@ Guessing this is one of his dim bots. Sunak didn’t leave us with high taxes and awful payments for the disabled.
@@megatronskneecap yep. If I say where the money for this has come from, they will delete the comment. You know the place.
@@marmadukesandwich just say Jews man
"Highest ever tax rate" so long as we ignore times like the Second World War, right?
I'm leaving soon, I no longer want to be a tax-slave, it's a shame I love my country but it doesn't love me.
Is it really the highest tax level ever in the UK? Pretty sure during world war 2 the tax rate approached 97%?
I think the budget will drive more inflation more unemployment and less investment.
There should be a wealth tax and higher rates of tax for those earning over £250k, beyond existing taxes rates.
Then those people will just leave the country and a lot of them are earning that much because of their skills and the years of experience working in their field, such as doctors, engineers and tradesmen. Plenty of other countries out there that would love to have those people with their experience move over and provide their services
@deanknight2122 lol which doctor is earning 250k?
Top 10% earners pay 60% of all tax in the UK if you raised that more yes most would leave or stop working as these people of in positions they can
Crazy thing is that labour has hit everyone here with pretending thay that big bad companies are the ones getting taxed. When infact shit rolls down hill and it will hit us all in the sort and long term
@patrickhealy6365 Not true.
@@patrickhealy6365 massive differences between the top 10% and 0.5%. But personally i think the focus needs to be on wealth rather than income.
Get ready for a rough 5 years folks, things are about to get very, very bad.
I can't recall that people reacted that much when NI increased for employees
Everything will backfire on consumers!
everyone seems suprised, labour is incredibly good at spending money and are the worst at making it
A business owner who earns million a year buys a brand New rolls royce for £100k, this is only 1 month's earning, but if a person on minimum living wages of £20k buys a brand new car for £20k, this is whole years wages wiped out, whole country should go on strike until they pay up
27
You're not supposed to be buying a car : the Labour Party and local councils say so .
Why are you reading from the teleprompt /
TBH they should have raised taxes on the highest band even more. We need to return to the high tax rates of the past that fuelled growth.
But for who?
You make out as if the poorest are being taxed way more. They arent.
This is what you get with a far left Labour government.
It isn't a 'far left' government. Nothing like. You might want to find out what a real far left government might actually do, in the unlikely event onecwas elected.
Peter what fucking part of tax rises is far left? The Nazis were technically socialists but they clearly weren’t were they. Do 10 seconds of googling before you start using big words
Yes because the last 14 years of far right did us wonders, didn't it?
@@robertstanley5555I come from a place where the far left exists and let me tell you, this is how they started
@@bantabury lmao you can't call the conservatives government "far right" lmao they haven't conserved shit lol
"Talk is cheap." They've always been good at talking a good game. Let's see what actually happens.
Don't forget the cost bureaucracy for business!
Ukraine has nothing to do with it. We can't pretend it's not happening. Like I said before, we need to look beyond ourselves, not just think, what's best for me.
Well , we have just had 14 years of low investment. That roof has to be repaired some time !
*_What's that? The budget caused panic in the markets? I presume the PM and Chancellor will be drummed out of office? Or doers that only happen when Tories suggest tax breaks the central banks didn't agree to?_*
If you under fund things for a decade and a half then you have to put taxes up to fix them.
When has nationalising anything ever worked out for the better?
Wasn't top tax rate something like 90% in the early 1960's drove a lot of very high earners like Alistair MacLean and Sir Jackie Stewart out while others would spend a whole tax year officially resident in Bermuda or the Cayman Islands
We have 70 billion left to pay on HS2. Preserve the lines and cease construction until better times.
what's worse than an escalating capital budget
cancelling an escalating capital infrastructure budget
@@SlowhandGreg Don't they call that throwing good money after bad .
@@MookMineola It will costs more to cancel the project why?
Because it's a train that doesn't go to London and doesn't go to Birmingham
Birmingham, Manchester, Leeds, Newcastle all need extra rail capacity to move intercity rail off the current line so they can increase local rail traffic which is currently rammed.
This is what labour supporters wanted whereas i want this copy and paste banned
So far! We have another 4-5 of these to go.
Just left my job time to claim for everything
Starmer has `hit the ground stumbling`
Always the same way raise the wages raise the taxes.
The only way an economy works in a capitalist society is for people to have money for it to work.
If nobody has none it very quickly become communism or worse.
Yep, that's what Britain is
Labour Party don't want a capitalist economy . They want to spend your money on their pet projects like 100 billion quids trains
@@braddyboy83 the only way we have avoided becoming a dictatorship is because we have the monarchy.
Obviously a monarchy isn't very different but it's better than full blown communism and everyone being at the mercy of a stallin, Putin style leader.
Why are you showing US footage in what is a UK video ?
Because they don't care, this is just to get Reform types riled up, it's not proper reporting.
Are labour helping poor people 😅
There is no justification for this...