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- เผยแพร่เมื่อ 29 ก.ย. 2024
- Chancellor Jeremy Hunt has announced in his autumn statement that national insurance will be cut by two percentage points from January - but what does it all mean for the wider UK economy?
Sky's Ed Conway crunches through the numbers.
#autumnstatement #politics #nationalinsurance
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Nothing like giving yourself a tax break, Hunts property rental empire gets a tax break, Sunaks family company gets a billion pound contract with an oil company and now has a big tax break. How can we let this go on?
Till May probably, Sunak looks like he's gearing up for a spring election
Legislatively protected corruption 😜
Everyone will be 3% worse off in a year than they are today ..OBR. Don't Forget Don't Forgive !!!!!!!!! 27 tax hikes in 3 years
we learnt a lot of bs
So the tax burden is higher than what is was during our near destruction in WW2. Great work chaps.
@@SleepyGo-Kart-hr1zuThe Poor didn’t spunk 100 billion over the last 4 years (not including 36 billion on an app)
Bexit paying for itself. And all of us paying for 13 years of Tory Rule.
@@SleepyGo-Kart-hr1zutroll
Tories are fascists
The fiat system doesn't want poor people doing well for themselves
It needs them to stay poor and take jobs with low wages so corporations can keep profit margins higher
If poor people start doing well for themselves the system turns communist increases taxes to take wealth away from the people
One reason why this country is in a mess is Government mismanagement
US FED money printing and exporting it's inflation
All will be reset probably before 2030 with a new system,a surveillance CBDC
Jobs will be taken by robots and AI and millions of people will be on a universal basic income
Own nothing and be happy the #WEF way@@SleepyGo-Kart-hr1zu
So a prediction means what.. bs.. the economy is at the brink of collapse. I have a family of 4. Mortgage gone up +£400 . Food +200 .. fuel slightly.. energy went up +100 and set to rise. Forget your figures ask an average family. I am working 6 day weeks on 44k. My wife 20k. Its only going to get worse. 🤷♂️
And they try to turn hard working people against those that are too ill to work, saying it's all their fault. Truth is these a**ehole politicians, business owners, bankers and their wealthy friends are the ones doing nothing but getting richer and richer at the expense of hard working people.
I didnt see a single penny of tax cuts for me - a PAYE employee..I will still be paying 40% tax if I dont get exit this system and do something on my own
Reducing the National Insurance by 2 percentage points is NOT a tax cut - or at least it shouldn't be. National Insurance is [or was] supposed to be for provision of our State Pensions! No wonder the so-called pension pot is short of funds today - nobody is paying in what they used to do, to help us all in our old age. Of course the "super rich" don't need it, that's why National Insurance has been cut. This seems to me the beginning of the Tories phasing out the State Pension altogether!!
National insurance doesn't pay for anything in particular it's just another tax. There's no special pot of spending and there's certainly no pot of reserves. Logically they should just scrap national insurance and increase income tax to compensate, we don't need two taxes on income.
No, because we'll all have to rely on private pensions - I've been paying in since I first started working a decade ago and even now it's woefully low amounts - I'll probably freeze to death due to the cost of energy before I even see my pension age
reducing NI is the tories was of getting rid of the NHS 😠
Get them out, that’s clear
Why bother? “With a general election expected next year, Labour’s refusal to criticise any of the policies announced by Hunt underscores how closely aligned the two party’s economic visions have become.” (Financial Times)
the UNIPARTY presides
Conservative and Labour need to both go.
"go home and get your fking shine box!"
Revolutionary socialism. Yes!
We learnt that we are nearing food banks and a new Tent City 🇬🇧😉🤘
Brexit Britain, slow clap leave voters, we've never had it so bad. Still Blue passports, not that people can afford holidays.
Bribe for the election
What happened to lower taxes,more disposable income?. Time for change feel let down again, remember when the Tories took office and blamed the economy on Labour. Who fault this time, illegal immigrants, the disabled,the unemployed or bad policies from the tories.?
We want a WEALTH Tax to be introduced to help reduce the Tax on the working class who are struggling to live......That would be fair.
But that would go against the core principles of both our political parties: class war by the rich against the workers.
So the little old lady pensioner who lives in south London in the family home of generations gets hit with a wealth tax because her small home happens to be worth a million£. How fair is that?
The Tory ministers will be in their warm Gentlemens clubs,sitting on their leather Chesterfield chairs,glass of best malt whisky in one hand and Cuban cigar in the other,laughing together how they can constantly con the hard working Brit worker and get away with it.😂
What does it mean to the working mam.Sweat FA
She let him lie from start to finish.
So all the money went to businesses. What a surprise.
Start a business then.
Businesses employ people...
damn commies. don't even watch the video
They killed the IR35 market and now trying to give some of it back..nothing for hard-working paid employee though
@@senanur1983 except a 2% tax cut and an increase in minimum wage. Nothing at all 👍
These reports proves UK is poor country in western Europe and highly over taxed.
VAT must be cut to 15%. Current 20% vat was raised temporarily but govt never reduced back to normal rate
government must feel stupid when they allowed the sale of A.R.M that will be felt for generations. and for what?
@@SleepyGo-Kart-hr1zu - the japanese... profits exiting the country...
They loaded, they don't give a sh* about this country or the people in it
@@23merlinoJoins a long,long list of once British companies sold off.And some where the Brit is subsidizing the customer of the foreign company.☹️
Is that it?
FFS. Is that the best he could come up with?
The OBR are a joke. I'd take their projections with a handful of salt.
Slight of hand, does he think we are all fools.
These numbers show that big busnesses will pay less Tax and make more profits. Nothing for the working people.
Those companies will hire more people and pay more. Is that not good for “working people”?
The National Insurance cut is a big win for working people.
@@RaRa-eu9mw Not really - when it is being used to cut public services like the NHS which is being privatised.
@@RebeccaTurner-ny1xx The NHS budget has gone up, not down. It's not been cut.
@@RaRa-eu9mw The UK spends comparatively little on public healthcare. Our national health service is not only being privatised against the wishes of the vast majority of its users - the working class - it has been deliberately underfunded to make it less attractive. Increases in NHS funding are vastly below inflation and below what is needed.
"If UK spending per person had matched the EU14 average, then the UK would have spent an average of £227bn a year on health between 2010 and 2019 - £40bn higher than actual average annual spending (£187bn). Over the past decade, the UK had a lower level of capital investment in health care compared with the EU14 countries for which data are available. Between 2010 and 2019, the average health capital investment in the UK was £5.8bn a year. If the UK had matched other EU14 countries’ average investment in health capital (as a share of GDP), the UK would have invested £33bn more between 2010 and 2019 (around 55% higher than actual investment during that period)."
www.health.org.uk/news-and-comment/charts-and-infographics/how-does-uk-health-spending-compare-across-europe-over-the-past-decade
Welcome to the Brexit, Sir.
7 years ago now get over it.
@@Caesar-3el correct sir, that should both explain and solve these economic conditions - "getting over it"
Brexit is so catastrophic. We'll only be talking about it more and more, louder and louder as time goes by
Brexit was an absolute economic disaster. Not one thing is better in any way at all, and everything costing more is the consequences
It's still got a lot to give We're still not inspecting freight entering the country,which will slow up trade.🤔
Who is this Tory fanboy
Fake news
Give them back what they already had, that works eh, what a genius..
I don’t know who to trust? Conservatives or Labour 😭😭
The I'm alright jack club and we aint init
Yes bad not good still got the cost for living crisis not much support big cuts in funding?
The company like gas and electric or BP need to pay taxes on there big profit
What have we learnt? We've learnt to get turnt!
So if the economy is growing why the f* is he cutting things i know he doesn't mention anything about sending millions of money to other countries if sunak is worried about other countries he should step down as PM and move to those countries and i believe the uk government isn't in economy turmoil like they say it is i think they've got awhole load of money in a underground vault for their own use
Stick it all on a graph and it just looks as if its all under control :)
4:20 Because inflation. We are going to be on negative real income for at least 2 more years. Core Inflation is still above Interest Rates. IF in fact Core Inflation goes below 3%/4% we will have a different outcome/forecast. So, the next PM must promises to half Core Inflation.
I see the scroungers will be benefitting again
Yep,as if MPs don't get enough as it is.😊
Economic growth just in time for the election 😂
Pie in the sky.
largest wealth transfer in my 51years catching up with us.
The Government is so wastful. £3billion a year on illegal migration
excellent presentation!
Jeremy who?
Economic projections are regularly wrong
He should off raise tax thresholds.
Yup, raise the 12.5 to 15 or 20. Watch the economy grow as people actually have some pocket money to buy wants. As opposed to austerity with debt rising and growth stagnant.
So what if taxes are higher. During Covid people we're getting loads of furlough money. There is too much money supply.
but the whole country wasn't furlough there was still a lot of us still working and paying tax & ni.
Thought it was the many non self employed that kept the country going during Covid?
Yes teacher 😅I've done my homework
Learnt? Seriously can we stop the murder of the English language? LEARNED
"We won't make an author of Oliver, while there's an honest trade to be learnt, or brick-making to turn to." - Charles Dickens, murdering the English language
Had the same thought, didn't know if it was colloquial use.
@@RaRa-eu9mw Oliver Twist is almost 200 years old. Do the papers write the thou shalt not hide unearned income on thy tax filings?
Both learned and learnt are acceptable in English , although learned is more common in the US.
@@jillybe1873 awesome!
free money, nice
No free money. NI cuts mean public service cuts - to the NHS etc.
Thanks Brexit it worked fine
Nithing to do with Brexit and everything to do with spoiled brat remoaners (like Hunt) destroying any opportunity it presented because they never wanted to leave. Plus, Covid caused all this, not brexit.
😂
This country is going to tax itself into oblivion
I’m underwhelmed 🥱