Good, we can do much better than the NHS. It's a disaster. We need a German-style compulsory insurance system - and get twice the performance and half the cost.
As a Labour - working class man... i see the budget as; Bigger Gov (waste), reduced private sector, less growth / jobs & higher inflation from another £142bn debt over next 5 years (minimum) & CB's more empowered. Acceleration to C
Having the funds from ‘right to buy’ go back to the council and not going back to national government is fantastic! Millions can be saved for councils now!
@@RichardMiller-kx2swthe same is true though, those housing associations can now invest that money in new homes and in fact there are rules that compel them to do so.
"Using the independent sector" says Tice. Because his voters are too stupid to know that means privatisation which they all hate the idea of. Honestly it's too easy for him isn't it..
@@JupiterThunder all good until it becomes a competitive market. ive actually been living with it for 10years. its a complete scam. the rich pay for treatment, they dont rely on private..which just sucks your money and offers exactly the same protections as the nhs..even downbto the $800 per year on teeth. its identical..i just pay 15% of my wages for it instead of a small contribution. because im payong for middlemen profiteers instead of healthcare. think it through its not that complex. chasing mirages with private health.
Profit should be taxed more, millions don't profit from working in the UK, profit is created by paying workers as little as possible while increasing their workload.
Both should be taxed and the tax on investment should be increased slowly. I'm a higher tax payer through work. I also have investments in property. This budget is going to cost me thousands extra in tax per year. I think this budget is generally fair.
Wait didn’t tice and his girlfriend Isabel once said that liz truss budget was the best budget in history so forgive me but why should we listen to you when you were completely so wrong about that
Tice and his obnoxious moll are the kind of people who have very little to say but just have to say something, so they both talk shyte. I don't understand how the media let them get away with it.
But money has to be 'created' before the already rich considered giving a bit more of it away to the workers who made the extra money magically appear in the first place.
@@Cashback13 Except its literally the government that's in control of the money supply, the bank of England has to follow their mandates. These business men are probably entitled to create their own currencies, they'd just have to go around and convince everyone else to use it which is of course incredibly difficult in the first place, let alone managing the supply of this new currency after.
Richard Tice straight up misrepresenting what just happened in front of him. Trumpian gaslighting. I couldn't do Ava's job without going full Amesbury at least once a week tbh, kudos.
Can everyone fuck off with this “cooked the books” narrative - if you buy an asset using debt, in any private institution, it appears on both sides of your books. This is literally how private equity works - and yet I don’t hear any Tories complaining about how PE firms are fleecing banks by cooking their books, and offsetting their debt by net asset value of their holdings. Anyone who says this is unfair is either ignorant or acting in bad faith. If you want the government to invest, let it at least do so without one hand behind its back compared to the private markets. Maybe if we hadn’t sold all our fucking assets and paid to lease them back we wouldn’t have such high expenditure.
I'm on the right I'm afraid but this is spot on. Can't understand the backlash to the change in debt measure. Makes perfect sense, will encourage investment for growth. Good move from the chancellor, along with a lot of other measures. SMEs protected (a bit), simplified CGT and made it frankly more reasonable. 100% relief on pension IHT was incredibly generous, should encourage spending during the lifetime. The removal of APR is, however, an absolute shocker and will destroy the family farming industry for negligible gain to the treasury....
'Everyone is feeling poorer' Doesn't mean everyone LITERALLY has become poorer and was poor to begin with he just means some people are feeling slightly less privileged and are annoyed at actually having to contribute a bit more to the country as a whole. (which they can also benefit from as well)
Excellent budget. I dont remember media meltdowns when the lowest paid have had to make multiple financial adjustments with less notice over the last 14 years. 6 months businesses have got to make adjustments.
Can’t criticise the end of Right to Buy, because the SNP did this in Scotland a decade ago. Since then they have built around 120,000 affordable homes ( 70% social rent ) equivalent in England would be 1.2 million homes, based on population size.
Farage " I can see our health care moving to an insurance based system". Reform UK voters be careful what you wish for, you may just get it and then what will you do when you cannot afford a GP consultation. However, it was a missed opportunity, the rich got off light but they're still complaining. Reeves should have really given them something to complain about.
This budget was a cracker. Really smart targeted rises which are sorely needed, while still keeping it as painless as possible for most people. If she's telling the truth about it being a one-off smash & grab then she should be able to throw a lot of sweeteners in by the time the next general election comes around too. Excellent work.
@@skyblazeeterno I think it's great news that they decided to extend the cap even if at a higher rate, rather than allow it to expire completely on December 31st as it was due to. The unregulated fares are often north of £5 so it's fantastic that we don't suddenly see bus fares doubling, tripling or quadrupling.
As working people we desperately needed the freeze on income tax threshold to be removed. By 2028 we should have had an income tax threshold of around £17,000 across the whole freeze. That's about £2600 per household of two workers. That's massive. That's money that would benefit the economy!
He probably got Tice too, sorry Lice. (I'm sure your dog is not infected really, I'm just on a Tice/Lice thing currently. The confusion is perhaps understandable?; )
The tories hated it because this is a tax on their wealth and passive income. They're livid. Reeves protected those PAYE workers, despite all the warnings she'd break a promise, she didn't. Was an excellent budget
Maybe ask Mr and Mrs Windsor with family members to start a bit of tax contributions? After all....a Nurse in the NHS contributes more to society than fore mentioned household.....
No chance. Their gas bill is 50x my pension at least. Nurses, or any NHS employees, have never been paid a proper, market salary. That's why we always got shortages in the NHS.
Middle-of-the-way technocrats. So how much extra money they got by means-testing pensioner winter fuel? Why could they not opt to get that money many times over by brining capital gains tax in line with income tax?
6:18 Sunak did not pay 20% tax - he CHOSE ! to pay 2% tax and make it look like 20%. I will explain as briefly as I can. He declared an income of £2 million on which he paid £500k tax. He has wealth of £500 million. If he put £500 million in a 5% savings account it would make £25 million without him getting out of bed. So at the end of the year he is £25 million richer BUT! he pays no tax at all on that £20 million unless he sells stuff and engages capital gains tax. He chose to sell £2 million, pay half a million tax and have one and a half million pocket money. But he was still £18 million richer having paid his tax and spent his pocket money. His £500k tax was only 2% of his wealth increase. It is not just about envy. With the extra £25 million he will bid up house prices beyond your children. Buy houses in competition with them and rent those houses to your children because they cant afford them because he bidded the price up. His children will go to the best schools and get better jobs than your children. He will get top medical treatment immediately while your relatives die on waiting lists. As many said in this piece - WE NEED TO ADDRESS INCOME INEQUALITY URGENTLY - AND IF LABOUR WON'T DO IT WE NEED TO VOTE FOR CARLA DENYER AND THE GREENS !
For decades taxes on the wealthy have decreased , hence the huge wealth gap. In the mean time wage stagnation for the low paid has been accumulating over decades. Add to this the tax loopholes the wealthy use has denied the exchequer money that could have been used supporting the welfare state.
4%on the highest rate of CGT is poor. Feezing fuel duty & puttjng 50% on public transport for the poorest during a cost of living crisis they're not out of, when we're at the tipping point of climate catastrophe. It's like they're trying to rehabilitate the Tories, they're definitely looking after capital interests over people & no doubt securing themselves cushy jobs when their turn at the trough is over.
Some don't appear to have heard about slowly boiling the frog. As for someone who works, it is not about how much is put in your pocket, but how much remains before more is put in.
"Should people who earn over £100k pay more tax?" They do. Every £2 earned over £100k you lose £1 of your annual tax free allowance. So earn over £125k? You now pay £12,750 tax ON TOP of the usual tax bands. Between £100k and £125k your earnings are taxed at nearly 60%.
You gotta be joking; ) The Labour hierarchy are also rich. They just conceal it better. They will do nothing for ordinary people. The Budget proves it.
Richard Tice going on about only 1.5% growth yet it's only him and his cronies who actually experience financial growth. It's the obsession with financial growth which has got us here.
The confirmation that Labour will introduce the Tory changes to the Work Capability Assessment, slashing the welfare bill by £3.4bn, kicking 400,000+ disabled & mentally ill patients off benefits was the most disgusting thing in this Budget that nobody is talking about.
First guy goes straight in with identity politics, cringe 🤢. Who cares if its a woman, good ideas stand on their merits, regardless of who creates them.
This is what life is about. Take a Loan 💸, for thirty years. 30, years in debt to the Bankers. You are already old and dying,, WOW. Who made this system of lifelong slavery WOW
8:41 The Change in starting salary for NI from £9100-£5000 is going to cost every business over £600 per employee in tax. This is regardless of whether that business is even making a profit. This is terrible tax policy that will disincentive employment , raise prices and almost certainly a lot of small businesses to the wall.
In the run up to the general election, all we heard from the mouths of labour MPs was no increases in VAT, NI, and PAYE and no tax increases on the working class. Alas just 119 days later Rachel Thieves stands up on budget day and does just that raise taxes on the working classes. So much for election promises but that's not the only promise they broken, the maximum bus fare charge up by 50% affecting all those working class people who use buses as a way to get to and from work, which could surmount to an extra £10 per week, so much for no more taxes on the working classes, if a 50% increase is not a tax rise what is!. Then you have the OAP's Millions of them facing a bleak and cold winter as they have had their heating allowance withdrawn whilst at same time train drivers on 60K get a 10 K pay rise. Wow a whole Penny off a pint, in your local but a massive rise in Business rates, who the hell does Rachel Thieves think she is kidding. The Labour party lied their way into power and now they are intent on causing as much misery as possible for the term of this parliament. Shame on all those who voted for this bunch hypocritical pathological liars.
The budget for me as a Pensioner on Pension Credit helps me? OK, I get, as a privilege it seems, £150 to keep myself warm this winter. Other pensioners lost it. I'm lucky am I? My rent went up £30 a month recently, which comes out of my Pension, no increase in Housing Benefit. I have to move home at 79. I'm really looking forward to that. Food prices crazy, doctors appointments a month away, if they can fit me in. The rich pay a little more for their Private Jets? Wow! I do feel really lucky. Thanks new female, LABOUR, Chancellor of the Exchequer. Sounds more like Thatcher Mk 2 to me. This is a LABOUR government? Could have fooled me.
On paying back all the debts the Tories ran up due to their obsession with low taxation. European quality services and American levels of taxation don't mix.
With regards to capital gains, it depends on how the capital gains are being used and where. If the capital gains earned by an investor in Britain are taken by the investor to poorer developing countries in Asia and Africa to invest in businesses in those economies and create jobs for people in those countries then there should be little to no tax on those capital gains because that investor is taking socialism to a global scale by spreading out wealth generated in a rich economy with a strong currency to those in the world that need that wealth investment the most, thereby attempting to balance out an economically imbalanced world. If however the investor intends to spend his or her capital gains on themselves so that they can buy another house or another flash motor or any other way to enjoy their life more, then they should be subject to higher capital gains tax by all means.
im from wales, i live in the usa. you dont want the private health. its exactly the same as the nhs but you get to pay a load of middle men. only takes 15% of wages to secure cover. great deal huh. just what the uk needs😂 fact is the rich dont use healthcare, they pay cash..thats how its set up in the usa. the same way doctors stopped treating nhs patients...thats what theyre doing over here with the healthcare, most dont want to accept it. the good ones take cash. uk isnt built for that, we cant afford it. theyve sidelined your money elsewhere. my spine surgery wss 10k, had to pay 5k cash even with cover. kids epilepsy meds went from $5 a month to $400 a month because the healthcare switched to a more profitable supplier (inside knowledge). uk cannot afford it, not even the middle classes let alone the poorest. you want people walkong the streets with festering sores..thats how it is here.
Great budget. Time to rebalanced taxes in favour of ordinary people. I noticed that Tice doesn't believe in the OBR, or indeed anyone that uses evidence based decision making. It's not an assault on small businesses. He wasn't listening. The opposite is true: Increased housebuilding, increased spending on construction for schools and hospitals, increased investment in infrastructrure. We're going to see an uptick in economic activity. Tice's approach is to cut spending. Well, that's called austerity, Osborne tried that, and he slashed 1% off growth and hit incomes massively. Didn't work then, won't work now. Reeves was spot on and will be proved right. The right wing media will continue to bash Labour, but that doesn't make their narrative true. The BBC was peddling the line yesterday that small businesses would be hit. Well, that was completely untrue as the NI threshold is being raised - in fact small businesses will be better off.
The OBR denied Rachel Reeves claims that there was any black hole when she took over yet it is still being parroted and exaggerated. The black hole has come from the spending changes she wanted to implement.
Labour needs to tax the wealthy. WFP cut hit poor pensioners, 50% increase on bus travel ...I wonder how many wealthy people travel on buses? Increase in employers NI will be passed on to those "working people" who are employees, customers or likely both. Starmer said throwing money at the NHS will not result in improvement and I agree. So guess what....? WHY SHOULD THE WEALTHY GET 45% TAX RELIEF ON PENSION CONTRIBUTIONS? While poor people only get 20%.? Similarly with ISAs why is there not a cap. How many normal people can put away £20k a year into an ISA? So the wealthy can shelter more money from tax on interest. LABOUR ARE A DISGRACE! LOOKS LIKE A FEW RELATIVELY INEXPENSIVE GIFTS ARE AN AWSOME INVESTMENT FOR THE SUPER RICH...,.
I thought the budget was ok to be fair Glad Minimum wage has gone up would like to see everyone 18 and ove getting same amount daft 18-20 are not considered adults Lifting the bus fair cap from £2 to £3 was a bad move
i really question the idea of increased business taxes mean less employee work hours name a place where the workers dont have maximum possible workload
Have whatever opinion you like about the last government and their policies, but they have also had to navigate, Brexit, a global pandemic and energy crisis. This budget is risky from the outset, and reliant on the premise that nothing exceptional happens in the next 5 years.
@danielmoir13 they still had to navigate it, it didn't just happen. Much in the way as wanting to go to Lands End, you still have navigate to get there.
Tory dude complaining about the budget like they havent been a disaster every time theyve been in office. Weve seen what you think is good governance, and we arent impressed
Hahaha I’m gonna save this video for 5 years time, labour will be out the door for good. This was a tax on working people, wealthy people don’t pay these taxes, all national insurance costs will be pushed to employees and the wealthy will continue to use trusts and other spvs to avoid the hikes. Less revenue more borrowing and higher taxes on working people, labour will always make the same mistakes.
As a person who is better off, I think this budget is fair. This is gonna cost me thousands more in CGT however it's not going to prevent me from early retirement.
Vote for reform and say goodbye to the NHS that much is clear from Tice.
Sounds good. Broken system costing billions.
@MW-ml5eq who broke it? In 2010 it had the highest satisfaction figures in its history.
We could always tax foodbanks
Good, we can do much better than the NHS. It's a disaster. We need a German-style compulsory insurance system - and get twice the performance and half the cost.
@MW-ml5eq I'm sure you'd change your mind sharpish when you see the cost of private health. Bankruptcy for having a baby.
Rishi got really annoyed about the new tax on private jets it seems.
and the scrapping of the non dom status
It was beautiful
And Lord Ali!
@@dingbell5498 I guess Starmer doesn't owe him as much after all, unlike Mone et al and the Tories ?
@@dingbell5498 Whaboutery bollocks - well done!
it feels good not to be punished for the first time in 14 years
Far left fool
The NI hike means we'll all be on lower salaries than we would otherwise have been...
@@LAD907 hope your not on social media u could be in the gulag by Christmas.
As a Labour - working class man... i see the budget as; Bigger Gov (waste), reduced private sector, less growth / jobs & higher inflation from another £142bn debt over next 5 years (minimum) & CB's more empowered. Acceleration to C
@ if your working why are you voting labour , it’s in the name SIR STARMER
Having the funds from ‘right to buy’ go back to the council and not going back to national government is fantastic!
Millions can be saved for councils now!
But haven't most councils transferred their council housing to Housing Associations, so how will the councils benefit?
@@RichardMiller-kx2swgood point
@@RichardMiller-kx2swthe same is true though, those housing associations can now invest that money in new homes and in fact there are rules that compel them to do so.
There’s no bloody council houses left down here they all selling for 350 grand
"Using the independent sector" says Tice. Because his voters are too stupid to know that means privatisation which they all hate the idea of. Honestly it's too easy for him isn't it..
OK, well you can stay on the 10 year waiting list then! I'd rather get a voucher and get treated by BUPA.
@@JupiterThunder all good until it becomes a competitive market. ive actually been living with it for 10years. its a complete scam. the rich pay for treatment, they dont rely on private..which just sucks your money and offers exactly the same protections as the nhs..even downbto the $800 per year on teeth. its identical..i just pay 15% of my wages for it instead of a small contribution.
because im payong for middlemen profiteers instead of healthcare.
think it through its not that complex. chasing mirages with private health.
Labour shouldn't be taxed, capital should. We shouldn't be apologetic about that.
Profit should be taxed more, millions don't profit from working in the UK, profit is created by paying workers as little as possible while increasing their workload.
Both should be taxed and the tax on investment should be increased slowly.
I'm a higher tax payer through work. I also have investments in property.
This budget is going to cost me thousands extra in tax per year.
I think this budget is generally fair.
books cooked? only a rich person would say that.
A rich person who doesn’t pay tax in the UK…..
If the books have been cooked by this budget, then it can be said that the rich have a Michelin Star ⭐️ when it comes to book cooking 🥘
Tice still pushing to sell the nhs to his rich paymasters.
Nobody would buy it, it's worthless. It's just a machine for wasting £200 billion of taxpayers' cash every year.
Tice lying hard.
“The independent sector” means privatisation of the NHS
Wait didn’t tice and his girlfriend Isabel once said that liz truss budget was the best budget in history so forgive me but why should we listen to you when you were completely so wrong about that
And he had the front to claim that mortgage rates will go up because of the budget! The man has a very short memory and no sense of shame.
Absolutely SPOT ON- well remembered; most reform voters will have forgotten.
Tice and his obnoxious moll are the kind of people who have very little to say but just have to say something, so they both talk shyte. I don't understand how the media let them get away with it.
Mr Tice upset that him and his employers will have to pay more, shocker.
But money has to be 'created' before the already rich considered giving a bit more of it away to the workers who made the extra money magically appear in the first place.
@@Cashback13 Except its literally the government that's in control of the money supply, the bank of England has to follow their mandates. These business men are probably entitled to create their own currencies, they'd just have to go around and convince everyone else to use it which is of course incredibly difficult in the first place, let alone managing the supply of this new currency after.
He will just fire more instead.
@@ericritchie6783 You just described almost every cryptocurrency altcoin !
Sure, and where do think the extra wages, ni and tax contributions will come from? You really think business will absorb it all?
Good to have the views of Richard Tice, the well-known economic genius.
I pray this is sarcasm
@@thepepper191 Don't worry - your prayers are answered :)
@@ftumschk hallelujah 🙏
Reeves is simply a communist ignoramus. She did not the Bank of England was not a chess grand master.
The second guy might as well have started bawling like a toddler for all the truth and substance in his words.
he's reform, so known grifter
Its funny tice says the book's are cooked, with their manifesto their answer woukd have only have been "what economy?" 😂
Amen. £90 billion in tax giveaways they were campaigning for
Richard Tice straight up misrepresenting what just happened in front of him. Trumpian gaslighting. I couldn't do Ava's job without going full Amesbury at least once a week tbh, kudos.
Can everyone fuck off with this “cooked the books” narrative - if you buy an asset using debt, in any private institution, it appears on both sides of your books.
This is literally how private equity works - and yet I don’t hear any Tories complaining about how PE firms are fleecing banks by cooking their books, and offsetting their debt by net asset value of their holdings. Anyone who says this is unfair is either ignorant or acting in bad faith.
If you want the government to invest, let it at least do so without one hand behind its back compared to the private markets. Maybe if we hadn’t sold all our fucking assets and paid to lease them back we wouldn’t have such high expenditure.
Well said sir!
I'm on the right I'm afraid but this is spot on. Can't understand the backlash to the change in debt measure. Makes perfect sense, will encourage investment for growth. Good move from the chancellor, along with a lot of other measures. SMEs protected (a bit), simplified CGT and made it frankly more reasonable. 100% relief on pension IHT was incredibly generous, should encourage spending during the lifetime. The removal of APR is, however, an absolute shocker and will destroy the family farming industry for negligible gain to the treasury....
Absolutely. Tice and his playmates claim to be 'businessmen'. Yet don't understand the basics of company book-keeping. Odd that.
I could not have put it better sir.
'Everyone is feeling poorer' Doesn't mean everyone LITERALLY has become poorer and was poor to begin with he just means some people are feeling slightly less privileged and are annoyed at actually having to contribute a bit more to the country as a whole. (which they can also benefit from as well)
Tice worked with Sunak to finish the RBOS by short-selling their stock on the basis of insider - he should be in jail.
Excellent budget. I dont remember media meltdowns when the lowest paid have had to make multiple financial adjustments with less notice over the last 14 years. 6 months businesses have got to make adjustments.
Flynn is clearly annoyed he doesn’t have more to criticise
Can’t criticise the end of Right to Buy, because the SNP did this in Scotland a decade ago. Since then they have built around 120,000 affordable homes ( 70% social rent ) equivalent in England would be 1.2 million homes, based on population size.
Farage " I can see our health care moving to an insurance based system". Reform UK voters be careful what you wish for, you may just get it and then what will you do when you cannot afford a GP consultation. However, it was a missed opportunity, the rich got off light but they're still complaining. Reeves should have really given them something to complain about.
If it were a criminal offence for MP's to lie to the public tice, farage, reform and tories wouldn't be in government.
They aren't in government. Farage and reform have never been in government.
Neither would Labour, The green party or the SNP... But worth a shot anyway.
@@kieranclarges2514 Reforms whole shtick is lying, there's not a single thing they say or advocate for that's based on truth.
Socialism is the biggest lie of all.
Never works.
Looking at what Stephen Flynn....
Money doesn't grow on trees. Until the Conservatives have few mates to pay.
This budget was a cracker. Really smart targeted rises which are sorely needed, while still keeping it as painless as possible for most people. If she's telling the truth about it being a one-off smash & grab then she should be able to throw a lot of sweeteners in by the time the next general election comes around too. Excellent work.
You are deluded far left supporter.the future is not looking god because of fools like u.
Is increasing the single bus fare cap a good thing?
@@skyblazeeterno I think it's great news that they decided to extend the cap even if at a higher rate, rather than allow it to expire completely on December 31st as it was due to. The unregulated fares are often north of £5 so it's fantastic that we don't suddenly see bus fares doubling, tripling or quadrupling.
@@fiddley it's still a bad thing to increase them no matter what spin you're trying to give
As working people we desperately needed the freeze on income tax threshold to be removed. By 2028 we should have had an income tax threshold of around £17,000 across the whole freeze. That's about £2600 per household of two workers. That's massive. That's money that would benefit the economy!
HAhaha, Tice?!? You might as well ask my dog.
He probably got Tice too, sorry Lice. (I'm sure your dog is not infected really, I'm just on a Tice/Lice thing currently. The confusion is perhaps understandable?; )
Tice 💩
The tories hated it because this is a tax on their wealth and passive income. They're livid.
Reeves protected those PAYE workers, despite all the warnings she'd break a promise, she didn't.
Was an excellent budget
If Tice is upset by it, I’m starting to see it quite positively
"Office of incompetent forecasting" - your banter is quite s**t mate
I want Steven Flynn to tap him on the shoulder and be like "Great bants mate" with big sarcy thumbs up.
How anyone could even consider voting for Tice is beyond me!!!! Vote for Tice/ Farage and you WILL end up regretting it!!!
Yeah just like Brexit.
*I'm glad you made this video* it reminds me of my transformation from a nobody to good home, $89k biweekly and a good daughter full of love..
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
I disagree with tice
Maybe ask Mr and Mrs Windsor with family members to start a bit of tax contributions? After all....a Nurse in the NHS contributes more to society than fore mentioned household.....
No chance. Their gas bill is 50x my pension at least. Nurses, or any NHS employees, have never been paid a proper, market salary. That's why we always got shortages in the NHS.
@johnf4279 so....why are taxpayers paying for their comfort. These lot aren't a symbol. More like profiteers....
Of course Tice isn't happy 😂
I had to skip past Tice.
Why do I think Tice is a is a typo for Lice?
Give Tice appropriate air time, not more time, because he talks bollocks. "Looking after your pennies, so his pounds look after himself"
Didn't Tice & Farage celebrate the IEA sponsored Truss budget...haven't we had enough of these incompetents!!
Tice is having to pay more or mouve to...well Russia, 1,5% grow (he forgot to mention the loss due Brexit)
Middle-of-the-way technocrats. So how much extra money they got by means-testing pensioner winter fuel? Why could they not opt to get that money many times over by brining capital gains tax in line with income tax?
6:18 Sunak did not pay 20% tax - he CHOSE ! to pay 2% tax and make it look like 20%. I will explain as briefly as I can. He declared an income of £2 million on which he paid £500k tax. He has wealth of £500 million. If he put £500 million in a 5% savings account it would make £25 million without him getting out of bed. So at the end of the year he is £25 million richer BUT! he pays no tax at all on that £20 million unless he sells stuff and engages capital gains tax. He chose to sell £2 million, pay half a million tax and have one and a half million pocket money. But he was still £18 million richer having paid his tax and spent his pocket money. His £500k tax was only 2% of his wealth increase. It is not just about envy. With the extra £25 million he will bid up house prices beyond your children. Buy houses in competition with them and rent those houses to your children because they cant afford them because he bidded the price up. His children will go to the best schools and get better jobs than your children. He will get top medical treatment immediately while your relatives die on waiting lists. As many said in this piece - WE NEED TO ADDRESS INCOME INEQUALITY URGENTLY - AND IF LABOUR WON'T DO IT WE NEED TO VOTE FOR CARLA DENYER AND THE GREENS !
Tice is worried because his reform party isn't actually a party. It's a business. 😂
If you don't like it Tice.....Leave.
oh please, and don't let the door hit your a*se on the way out. Just don't try to come to any european country!!!!!!!!!!
For decades taxes on the wealthy have decreased , hence the huge wealth gap. In the mean time wage stagnation for the low paid has been accumulating over decades. Add to this the tax loopholes the wealthy use has denied the exchequer money that could have been used supporting the welfare state.
Your futures alright mate. You get paid a wedge 😂
Of course write feeling poorer, the Tories collapsed our country
Chris Curtis is MK North? HECK YEAH CHRIS CURTIS!!! Represent!!
Labour...When I think I'm out, they just drag me back...
4%on the highest rate of CGT is poor.
Feezing fuel duty & puttjng 50% on public transport for the poorest during a cost of living crisis they're not out of, when we're at the tipping point of climate catastrophe.
It's like they're trying to rehabilitate the Tories, they're definitely looking after capital interests over people & no doubt securing themselves cushy jobs when their turn at the trough is over.
I was pleasantly surprised by the budget. I wasn't expecting much, but i was also expecting much less
You are real optimist: )
Brilliant budget
reform to make it cost... hate that reform idiot
Some don't appear to have heard about slowly boiling the frog.
As for someone who works, it is not about how much is put in your pocket, but how much remains before more is put in.
"Should people who earn over £100k pay more tax?"
They do. Every £2 earned over £100k you lose £1 of your annual tax free allowance. So earn over £125k? You now pay £12,750 tax ON TOP of the usual tax bands. Between £100k and £125k your earnings are taxed at nearly 60%.
If some millionaires+ want to pay more tax, let them.
Can they just donate it to the treasury?
Nice to see Ava push back on Richard Tice’s anarcho-capitalist rhetoric.
This Labour guy is either naive or a complete joker
The future of our parliament...
He did set the bar for "being impressed" very low
Absolute rubbish from Labour once again…
Tice keeps most of his money offshore.
Tice - it's an assault on me and my rich mates so it's an assault everyone
Wealth tax, wealth tax, wealth tax.
You gotta be joking; ) The Labour hierarchy are also rich. They just conceal it better. They will do nothing for ordinary people. The Budget proves it.
2:15 "They will employ less people" 😂
Richard Tice going on about only 1.5% growth yet it's only him and his cronies who actually experience financial growth. It's the obsession with financial growth which has got us here.
Once Tice says "I think...." I switched off. Then pretending to be a man of the people with his Guinness comment. Bore off.
The confirmation that Labour will introduce the Tory changes to the Work Capability Assessment, slashing the welfare bill by £3.4bn, kicking 400,000+ disabled & mentally ill patients off benefits was the most disgusting thing in this Budget that nobody is talking about.
First guy goes straight in with identity politics, cringe 🤢. Who cares if its a woman, good ideas stand on their merits, regardless of who creates them.
2016 called, they want their slogan back lol.
Austerity ffs 70k for a fkn train driver 😂
no conservative politician interviewed? lol they must be reeeling lol
And now you are stealing from ur grandchildren because that's who will be paying all this back so many lies 😑
This is what life is about. Take a Loan 💸, for thirty years. 30, years in debt to the Bankers. You are already old and dying,, WOW. Who made this system of lifelong slavery WOW
Mostly it was a tax on Rishi Sunak
and his impotent rage was beautiful to watch
Tice the only voice of reason
Tice speaks as much sense as a schizophrenic in an asylum
8:41
The Change in starting salary for NI from £9100-£5000 is going to cost every business over £600 per employee in tax. This is regardless of whether that business is even making a profit. This is terrible tax policy that will disincentive employment , raise prices and almost certainly a lot of small businesses to the wall.
Ahm beginning to see why the Nutsak was furious , he only pays 20% tax but he wants to pay more
In the run up to the general election, all we heard from the mouths of labour MPs was no increases in VAT, NI, and PAYE and no tax increases on the working class. Alas just 119 days later Rachel Thieves stands up on budget day and does just that raise taxes on the working classes. So much for election promises but that's not the only promise they broken, the maximum bus fare charge up by 50% affecting all those working class people who use buses as a way to get to and from work, which could surmount to an extra £10 per week, so much for no more taxes on the working classes, if a 50% increase is not a tax rise what is!. Then you have the OAP's Millions of them facing a bleak and cold winter as they have had their heating allowance withdrawn whilst at same time train drivers on 60K get a 10 K pay rise.
Wow a whole Penny off a pint, in your local but a massive rise in Business rates, who the hell does Rachel Thieves think she is kidding.
The Labour party lied their way into power and now they are intent on causing as much misery as possible for the term of this parliament.
Shame on all those who voted for this bunch hypocritical pathological liars.
The budget for me as a Pensioner on Pension Credit helps me? OK, I get, as a privilege it seems, £150 to keep myself warm this winter. Other pensioners lost it. I'm lucky am I? My rent went up £30 a month recently, which comes out of my Pension, no increase in Housing Benefit. I have to move home at 79. I'm really looking forward to that. Food prices crazy, doctors appointments a month away, if they can fit me in.
The rich pay a little more for their Private Jets? Wow! I do feel really lucky. Thanks new female, LABOUR, Chancellor of the Exchequer. Sounds more like Thatcher Mk 2 to me. This is a LABOUR government? Could have fooled me.
8:48 Lib Dem’s the party that enabled austerity. No thanks.
Where is this money going
On paying back all the debts the Tories ran up due to their obsession with low taxation. European quality services and American levels of taxation don't mix.
Ukraine?
We need a definition of rich.
100k a year, bearing in mind the average is meant to be about 33k
can't we just print the money needed ?
Short answer, yes and no
Long answer - google Stephanie Kelton, she explains it far better than I can!
With regards to capital gains, it depends on how the capital gains are being used and where. If the capital gains earned by an investor in Britain are taken by the investor to poorer developing countries in Asia and Africa to invest in businesses in those economies and create jobs for people in those countries then there should be little to no tax on those capital gains because that investor is taking socialism to a global scale by spreading out wealth generated in a rich economy with a strong currency to those in the world that need that wealth investment the most, thereby attempting to balance out an economically imbalanced world. If however the investor intends to spend his or her capital gains on themselves so that they can buy another house or another flash motor or any other way to enjoy their life more, then they should be subject to higher capital gains tax by all means.
im from wales, i live in the usa. you dont want the private health. its exactly the same as the nhs but you get to pay a load of middle men. only takes 15% of wages to secure cover. great deal huh. just what the uk needs😂
fact is the rich dont use healthcare, they pay cash..thats how its set up in the usa.
the same way doctors stopped treating nhs patients...thats what theyre doing over here with the healthcare, most dont want to accept it. the good ones take cash.
uk isnt built for that, we cant afford it. theyve sidelined your money elsewhere.
my spine surgery wss 10k, had to pay 5k cash even with cover.
kids epilepsy meds went from $5 a month to $400 a month because the healthcare switched to a more profitable supplier (inside knowledge).
uk cannot afford it, not even the middle classes let alone the poorest.
you want people walkong the streets with festering sores..thats how it is here.
Great budget. Time to rebalanced taxes in favour of ordinary people. I noticed that Tice doesn't believe in the OBR, or indeed anyone that uses evidence based decision making. It's not an assault on small businesses. He wasn't listening. The opposite is true: Increased housebuilding, increased spending on construction for schools and hospitals, increased investment in infrastructrure. We're going to see an uptick in economic activity. Tice's approach is to cut spending. Well, that's called austerity, Osborne tried that, and he slashed 1% off growth and hit incomes massively. Didn't work then, won't work now.
Reeves was spot on and will be proved right. The right wing media will continue to bash Labour, but that doesn't make their narrative true. The BBC was peddling the line yesterday that small businesses would be hit. Well, that was completely untrue as the NI threshold is being raised - in fact small businesses will be better off.
The OBR denied Rachel Reeves claims that there was any black hole when she took over yet it is still being parroted and exaggerated. The black hole has come from the spending changes she wanted to implement.
How on earth you are intervieng the reform? Can he do better? Ridiculous! 😡
Labour needs to tax the wealthy. WFP cut hit poor pensioners, 50% increase on bus travel ...I wonder how many wealthy people travel on buses? Increase in employers NI will be passed on to those "working people" who are employees, customers or likely both. Starmer said throwing money at the NHS will not result in improvement and I agree. So guess what....? WHY SHOULD THE WEALTHY GET 45% TAX RELIEF ON PENSION CONTRIBUTIONS? While poor people only get 20%.? Similarly with ISAs why is there not a cap. How many normal people can put away £20k a year into an ISA? So the wealthy can shelter more money from tax on interest. LABOUR ARE A DISGRACE! LOOKS LIKE A FEW RELATIVELY INEXPENSIVE GIFTS ARE AN AWSOME INVESTMENT FOR THE SUPER RICH...,.
Ha the rich complaining 😂
👏👏👏my to Tax the wealthy !!
No mention of the environment trees produce oxygen so we can breathe money doesn't
Budget for unemployment
I thought the budget was ok to be fair
Glad Minimum wage has gone up would like to see everyone 18 and ove getting same amount daft 18-20 are not considered adults
Lifting the bus fair cap from £2 to £3 was a bad move
i really question the idea of increased business taxes mean less employee work hours
name a place where the workers dont have maximum possible workload
Green party making sense, weird but welcome
The more i listen to the greens the more they make sense, they might have a few new voters come the 2029 election
Have whatever opinion you like about the last government and their policies, but they have also had to navigate, Brexit, a global pandemic and energy crisis. This budget is risky from the outset, and reliant on the premise that nothing exceptional happens in the next 5 years.
The last government didnt have to navigate Brexit they wanted it and chose to have an election
@danielmoir13 they still had to navigate it, it didn't just happen. Much in the way as wanting to go to Lands End, you still have navigate to get there.
More borrowing ahead
If it gets invested well, then that's fantastic!
Tory dude complaining about the budget like they havent been a disaster every time theyve been in office.
Weve seen what you think is good governance, and we arent impressed
Tice.. Tit in city envelope 🙄🙄🥴🥴🥴😎
Who's the delulu guy at the start?
"A nurse will pay nearly 50% of their earnings in tax."
Just factually not true. It's pretty much impossible to pay 50% on any earnings level.
Hahaha I’m gonna save this video for 5 years time, labour will be out the door for good. This was a tax on working people, wealthy people don’t pay these taxes, all national insurance costs will be pushed to employees and the wealthy will continue to use trusts and other spvs to avoid the hikes. Less revenue more borrowing and higher taxes on working people, labour will always make the same mistakes.
seriously m8, if the Tories have still got either Jenrick or Badenoch in charge, they'll be handing the next election to Labour on a silver platter.
As a person who is better off, I think this budget is fair.
This is gonna cost me thousands more in CGT however it's not going to prevent me from early retirement.