Labour Budget : Rachel Reeves Wednesday 12:30PM 30/OCT/24

[arista]

Chancellor to change debt rules to release Billions


[The government will change its
self-imposed debt rules in order to free
up billions for infrastructure spending,
the chancellor has told the BBC.
Rachel Reeves said that she would make
a technical change to the way debt is
measured which will allow it to fund
extra investment.

She said this was being done "so that we can
grow our economy and bring jobs and
growth to Britain".
However, Reeves' first Budget next week
is still expected to mean some cuts to
public services and tax rises.
The government has committed to get debt
falling as share of the economy
during the course of this Parliament,
rather than over a rolling five-year period.

But the wider debt measure is expected
to allow for up to £50bn more borrowing
for investment, although not all of this
is expected to be allocated at the Budget.
"We will be changing the measure of debt,"
Reeves told the BBC, adding that she will
set out the details of that on 30 October.]

[Cherie]

The Red Witch is coming :worry:

Hide your savings :laugh:

[arista]

The Red Witch is coming :worry:

Hide your savings :laugh:


Yes she is going to upset many

[arista]

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[arista]

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[arista]

BBC News Text:
[The build-up to next week's budget continues
to lead many of the papers.
Chancellor Rachel Reeves has confirmed plans to
change how the government defines
its assets in a way that will allow
it to borrow around £20bn more per year
to fund investment, the Financial Times reports.
Writing in the paper,
Reeves says the change will ensure
Britain avoids "the falls in public sector
investment that were planned under
the last government".]

https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/7209/live/b990f770-924c-11ef-9504-b516e8b5f45f.png.webp

[arista]

https://i.dailymail.co.uk/1s/2024/10/25/09/91244213-14001111-image-m-2_1729846159517.jpg


In the USA talking to Bankers
And SkyNewsHD, GBnewsHD, ITV1HD news,
BBCnewsHD.
And all Radio.

[smudgie]

The Red Witch is coming :worry:

Hide your savings :laugh:

Hide them, spend them, gift them.
The swines will still get their hands on your pennies.

[UserSince2005]

Labour and numbers is never going to be a combination :laugh:

[arista]

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[arista]

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[arista]

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[joeysteele]

It isn't going to be a nice event for sure.

However I'll not follow the media, I'll wait and see what actually is the overall gains/ losses from it and where the emphasis will be of any positives of it as to investment.

However I don't think I'm going to be much of an admirer of Ms Reeves at all.
Then again over my time of understanding politics, I've never liked any Chancellor.
I don't think any Prime Ministers have really liked their chancellors either.

[Livia]

What is it about Rachel Reeves? She looks like a person without a soul. Dead voice, dead behind the eyes.

[Cherie]

Talk about tying yourself in knots, so working people are people who have nothing left at the end of the month? the most bizarre thing I have ever heard

[Livia]

Who'd have thought we'd be in a time when the Labour party couldn't adequately describe the working class? I mean, I knew they'd struggled with what a woman is, but....

[bots]

if i thought it was going to be some genius strategy that breaks us out of decades of stagnation i would at least wait and see what happens. However, we all know this is just going to be another nightmare for ordinary people

[Gusto Brunt]

Maybe she'll reverse the pensioners winter fuel theft. ;)

[arista]

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[smudgie]

I think I will do my Christmas shopping before Wednesday, for the big items at least.

[arista]

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[arista]

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[Oliver_W]

Rachel Thieves.

[joeysteele]

I agree with her aims.

However NOT as to how she may be planning to reach them in this first budget.
What she ' seems ' to be going to do is a long way from what was expected, as being necessary and from all the briefings from her sources to the Party activists.

Obviously I will wait as I said earlier, to see the detail and weigh up the positives against negatives.
However I am incredibly disappointed with the government so far on its economy decisions.thst seem to be forthcoming.
She's going about it in the wrong way targeting the wrong people too.

I get the feeling, I'll be moaning a lot at the government in its first year or so from my own disillusionment and anger at what we were led to believe during the election campaign.

I fear Ms Reeves is more like a very cold individual who just refuses to listen.
Something that was stressed would be one of the main elements of this government, a government of service that LISTENS.
Doesn't look that way at all with Ms Reeves as Chancellor very sadly.

[arista]

[Bus fares to rise to £3 in England
under new cap

The bus fare cap in England will be raised to £3
in the upcoming Budget, Prime Minister Sir Keir Starmer
has announced.
It is an increase on the current limit of £2 which
was introduced under the previous
Conservative government to help
with the cost of living.
The existing cap was due to expire at
the end of December.

Sir Keir said: "I do know how much this matters,
particularly in rural communities where
there is heavy reliance on buses."
The new £3 cap, covering most bus journeys
in England, will run until the end of 2025.
About 3.4 million people in England use buses.
There had been speculation in recent days
that the chancellor would announce
in the Budget on Wednesday that
the current cap would be scrapped.
This would have meant that some passengers
faced a steep hike in fares following
two years of help.
Bus fares in London with Transport for London will,
however, remain at £1.75 and those
in Greater Manchester at £2.

They are excluded from the broader fare
cap as their funding is structured differently.]

https://www.bbc.co.uk/news/articles/cy0l99xz719o

[arista]

The £1 bus fare rise
has been debated on all media (TV and Radio)
today, many say it is wrong
at this hard time, we are in.

[arista]

Another Official Leak,

in 2025

Min Wage will rise to £12.21 an hour
for adults.

[Cherie]

Is there anything left to reveal, most of it has been leaked

[Cherie]

Another Official Leak,

in 2025

Min Wage will rise to £12.21 an hour
for adults.

Great for anyone on minimum wage but if they also increase NI by 2 per cent, how many small businesses will fold

[arista]

Is there anything left to reveal, most of it has been leaked


Yes Labour
same as Conservatives on Leaks

[arista]

Great for anyone on minimum wage but if they also increase NI by 2 per cent, how many small businesses will fold


Sure
but not until next year

[Cherie]

Sure
but not until next year

Minimum wage goes up next week?

[arista]

Minimum wage goes up next week?

April 2025


https://www.bbc.co.uk/news/articles/c5y37wqnvwxo

[Cherie]

April 2025


https://www.bbc.co.uk/news/articles/c5y37wqnvwxo

ah cheers

[arista]

The existing Bus Fare cap was due to expire
at the end of December.

[The new £3 cap, covering most bus journeys in England,
will run until the end of 2025.]

https://www.bbc.co.uk/news/articles/cy0l99xz719o

[arista]

Shocking

Labour Council Fella
on BBC1HD London

Walked the reporter across a massive land
Brownfield

The Builder pulled out of building 500 or more Flats
in Southwark, they ran out of Cash

At least he showed his face,
The Signs are up for New homes


It is getting like China

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-243843dd-a6f6-4724-97c6-65fb269cabe7.jpeg

[Oliver_W]

It seems like our Gov don't know (or care) about the idea of "unintended consequences"

[arista]

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[arista]

Also Next April

[For 18 to 20-year-olds,
the minimum wage will rise from £8.60 to £10.



In April this year,
the rate was increased from £7.49.]

[arista]

Pathetic BBC2HD Politics Live

Her interviewing another BBC reporter

No Guests

[Beso]

Going on and on about the 22 billion blackhole, to then come out with the borrowing figures increase..then to make us fill the gap whilst they borrow for other things...

It's a mad world.

[arista]

Going on and on about the 22 billion blackhole, to then come out with the borrowing figures increase..then to make us fill the gap whilst they borrow for other things...

It's a mad world.


Its 40 billion Black Hole now

[arista]

Live Reeves


Now


She is turning the Page


Now she is proud she is a women?


Get On With It

[arista]

Her New Covid Corruption Officer
is now going after the money stolen

[arista]

Going on a Private Jet
you will pay £450 extra per person.


2.9 increase for the Defense Military Budget.

[arista]

https://video.dailymail.co.uk/preview/mol/2024/10/30/7024704811713316082/964x580_JPG-SINGLE_7024704811713316082.jpg

[arista]

Key Points:

[Confirmed she was raising taxes by £40billion
Froze fuel duty, when it was expected
she would increase it,
because of the impact on consumers.

Increased employer National Insurance Contributions
by 1.2 points to 15 per cent from April,
while reducing threshold from £9,100
to £5,000, to raise £25bn.

Made inherited pensions subject to inheritance tax.
Increased lower rate of capital gains tax
from 10 to 18 per cent, and the higher
rate from 20 to 24 per cent
Reveals economic growth is forecast to be
just 1.6 per cent by the end of
Labour's first term in office.

Announced a crackdown on fraud
in the UK's welfare system, as part of reforms
to ensure welfare spending is 'more sustainable'.
Pledged to maintain the Bank of England's
2 per cent inflation target.
Confirms National Living Wage will
rise to £12.21 next year.
Said she was 'deeply proud to be
Britain's first ever
female Chancellor of the Exchequer'.
Sparked uproar from the Tories by claiming
it was 'not the first time that it has fallen
to Labour to rebuild Britain'.
Accused the Tories of calling an
early election 'to avoid making difficult choices'
in the Budget themselves.

Announced she is setting aside £11.8bn
and £1.8bn to pay victims of the infected blood
and Post Office scandals respectively.]

[arista]

https://i.dailymail.co.uk/1s/2024/10/30/12/91460935-14019391-image-a-33_1730292024327.jpg

Over One Hour Now

[arista]

https://i.dailymail.co.uk/1s/2024/10/30/12/91460933-14019391-image-a-32_1730291956808.jpg

https://www.dailymail.co.uk/news/article-14019391/Rachel-Reeves-Budget-Chancellor-tax-Labour-spending-pay.html

[arista]

HS2 Tunnel to Euston
to go ahead.


500 Schools to get a Rebuild

[arista]

She has at last concluded


Now Sunak replys

[arista]

https://i.dailymail.co.uk/1s/2024/10/30/13/91463677-0-image-m-3_1730295694375.jpg

[arista]

https://www.radio-uk.co.uk/times-radio#google_vignette


Times Radio Live
free multi-radio player

Click Play

Andrew Neil Live Now

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

After her budget

Sterling has had the biggest Drop in 18months

Ref: CNBC HD

[arista]

https://pbs.twimg.com/media/GbQQO6SWIAAwCx7?format=jpg&name=small

[arista]

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[arista]

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[arista]

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[arista]

BBC News Text:
[The total cost of sickness benefits is on course
to reach £100bn a year by the end
of this parliamentary term,
according to the Times.
The paper says a surge in claims after the
pandemic is becoming permanent because
of a decline in the population's health,
and that Britain is unusual
in the developed world in not seeing
a decline in the numbers after
the pandemic passed.
Work and Pensions Secretary
Liz Kendall is quoted calling the trend
"unacceptable" and saying
the government will
"bring forward a proper
plan to get Britain working".]

https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/39fe/live/1543ae40-97d5-11ef-9260-19e6a950e830.png.webp

[arista]

Yesterday's

https://pbs.twimg.com/media/GbMvxHSXcAAKVoZ?format=png&name=small

[arista]

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[arista]

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[arista]

Many Companies
like Hairdressers (small companies)
have gone on the Radio and TV
saying they will no longer employ more workers
and will sack some workers
to stay afloat......................

[Livia]

If they'd cut the budget for overseas green projects there'd be no need for these damaging cuts. I mean, why are we funding cycle lanes in China? Labour is a ****ing shambles and a disgrace.

[arista]

If they'd cut the budget for overseas green projects there'd be no need for these damaging cuts. I mean, why are we funding cycle lanes in China? Labour is a ****ing shambles and a disgrace.


Yes,
that should be halted.

[bots]

Any government could pump billions into the NHS, but unless it's targeted, then it's pointless. It's also a fact that the NHS is so big, there will always be problems, there will always be something to complain about. The NHS may well need investment, but unless the metrics for measurement are extremely narrow, it will be seen as a waste

Crippling employers by increasing their NI contributions well always trickle down to affect the working man. There will be less new staff, there will be less pay rises. It just puts a delay in the process rather than it being immediate. I don't believe labour have thought ahead to the next election

[arista]

Great points bots

Trickle Down will affect the workers
even affecting their future in a job........

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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[arista]

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