Budget day. Watcha hoping for/dreading?

Current affairs, Politics, News.
User avatar
weeksy
Site Admin
Posts: 23409
Joined: Sat Mar 14, 2020 12:08 pm
Has thanked: 5449 times
Been thanked: 13084 times

Re: Budget day. Watcha hoping for/dreading?

Post by weeksy »

Taipan wrote: Wed Oct 30, 2024 12:05 pm
weeksy wrote: Wed Oct 30, 2024 11:30 am
Taipan wrote: Wed Oct 30, 2024 11:26 am We'll all be sorry if we become solely dependent on online ordering
Why ?
If you dont like Amazon prices, where else will you take your custom? High street prices have always varied regionally too, although that is/can be applied in e-commerce.

Shopping isn't dead, most malls are crazy places at Xmas for instance, but a lot of people are savvy enough to check online pricing too. Like I say high st retailers cant compete with online retailers as they have much smaller overheads and tax breaks. Level the playing field and things might change.
I don't have an Amazon account. I can't imagine what i'd buy on there, but admittedly have got Mrs Weeksy to order 2-3 things in the last 5 years as they can get here quicker.
Xmas, well that's a whole different ball game of course.
Bustaspoke
Posts: 1804
Joined: Wed Mar 18, 2020 5:55 pm
Has thanked: 3253 times
Been thanked: 1737 times

Re: Budget day. Watcha hoping for/dreading?

Post by Bustaspoke »

Mr Moofo wrote: Wed Oct 30, 2024 11:43 am Tax Amazon , Apple, Google, etc on all sales made within the UK as a % of sales income, and don't allow "losses", that include intrenal transfers to Luxembourg holding companies to be seen as losses.
I hope it's possible to do this & if so they've got the balls to go after them.
User avatar
Taipan
Posts: 13931
Joined: Sat Mar 14, 2020 1:48 pm
Location: Essex Riviera!
Has thanked: 15937 times
Been thanked: 10241 times

Re: Budget day. Watcha hoping for/dreading?

Post by Taipan »

weeksy wrote: Wed Oct 30, 2024 12:10 pm
Taipan wrote: Wed Oct 30, 2024 12:05 pm
weeksy wrote: Wed Oct 30, 2024 11:30 am

Why ?
If you dont like Amazon prices, where else will you take your custom? High street prices have always varied regionally too, although that is/can be applied in e-commerce.

Shopping isn't dead, most malls are crazy places at Xmas for instance, but a lot of people are savvy enough to check online pricing too. Like I say high st retailers cant compete with online retailers as they have much smaller overheads and tax breaks. Level the playing field and things might change.
I don't have an Amazon account. I can't imagine what i'd buy on there, but admittedly have got Mrs Weeksy to order 2-3 things in the last 5 years as they can get here quicker.
Xmas, well that's a whole different ball game of course.
Another concern is counterfeit stuff being sold on amazon as moofo says.

A guy I know who used to sell garden furniture was telling me the other day that the amount of shit furniture being sold online is incredible and a lot of people are too lazy/cant be bothered to return it, so sales of said crap are going up!
User avatar
Yambo
Posts: 2470
Joined: Mon Mar 16, 2020 8:08 pm
Location: Self Isolating
Has thanked: 598 times
Been thanked: 1647 times

Re: Budget day. Watcha hoping for/dreading?

Post by Yambo »

I suspect I'm going to be worse off after this budget. Starmer's Labour Party don't like pensioners.
Bustaspoke
Posts: 1804
Joined: Wed Mar 18, 2020 5:55 pm
Has thanked: 3253 times
Been thanked: 1737 times

Re: Budget day. Watcha hoping for/dreading?

Post by Bustaspoke »

Taipan wrote: Wed Oct 30, 2024 12:25 pm
Another concern is counterfeit stuff being sold on amazon as moofo says.
I think counterfeit goods are the scourge of on-line retail & not just garden furniture!
No doubt we've all bought the occasional Chinesium knock-offs.Pay full price for something or look on-line for something almost identical at half price or less...
Saga Lout
Posts: 1831
Joined: Sun Mar 15, 2020 3:38 pm
Location: North East Essex
Has thanked: 565 times
Been thanked: 752 times

Re: Budget day. Watcha hoping for/dreading?

Post by Saga Lout »

gremlin wrote: Wed Oct 30, 2024 9:07 am So, first Labour budget in a generation...
Point of order: 14 years is not a generation.

Hope: slash government spending, become a low tax economy
Dread/ Expect: increased government spending, increased taxes (but not for "working people").
User avatar
gremlin
Posts: 5927
Joined: Wed Jul 08, 2020 3:12 pm
Location: Kent (AKA God's own country)
Has thanked: 808 times
Been thanked: 4793 times

Re: Budget day. Watcha hoping for/dreading?

Post by gremlin »

Saga Lout wrote: Wed Oct 30, 2024 12:35 pm

Point of order: 14 years is not a generation.
Never let a mathematic fact get in the way of sensationalist hyperbole. ;)
All aboard the Peckham Pigeon! All aboard!
User avatar
Mr Moofo
Posts: 4620
Joined: Sat Mar 14, 2020 1:41 pm
Location: Brightonish
Has thanked: 1829 times
Been thanked: 1469 times

Re: Budget day. Watcha hoping for/dreading?

Post by Mr Moofo »

Yambo wrote: Wed Oct 30, 2024 12:33 pm I suspect I'm going to be worse off after this budget. Starmer's Labour Party don't like pensioners.
TBF nobody likes pensioners. They make it untidy and smell funny
Saga Lout
Posts: 1831
Joined: Sun Mar 15, 2020 3:38 pm
Location: North East Essex
Has thanked: 565 times
Been thanked: 752 times

Re: Budget day. Watcha hoping for/dreading?

Post by Saga Lout »

Mr Moofo wrote: Wed Oct 30, 2024 12:53 pm
Yambo wrote: Wed Oct 30, 2024 12:33 pm I suspect I'm going to be worse off after this budget. Starmer's Labour Party don't like pensioners.
TBF nobody likes pensioners. They make it untidy and smell funny
Yet most people hope to become one. :P
User avatar
MrLongbeard
Posts: 4579
Joined: Sun Mar 15, 2020 2:06 pm
Has thanked: 599 times
Been thanked: 2428 times

Re: Budget day. Watcha hoping for/dreading?

Post by MrLongbeard »

weeksy wrote: Wed Oct 30, 2024 11:38 am
MrLongbeard wrote: Wed Oct 30, 2024 11:34 am
weeksy wrote: Wed Oct 30, 2024 11:30 am

Why ?
Certain things need trying before buying, I need a new office chair and a pair of gloves, I'll not risk spending £100's before I know they're fit for me / my use.

Of course I'm guilty of trying stuff in a shop and then buying cheaper online.
Many places do free return shipping, just buy and send back.
For me that'd be more agro than just going to a shop
User avatar
gremlin
Posts: 5927
Joined: Wed Jul 08, 2020 3:12 pm
Location: Kent (AKA God's own country)
Has thanked: 808 times
Been thanked: 4793 times

Re: Budget day. Watcha hoping for/dreading?

Post by gremlin »

MrLongbeard wrote: Wed Oct 30, 2024 1:12 pm
weeksy wrote: Wed Oct 30, 2024 11:38 am
MrLongbeard wrote: Wed Oct 30, 2024 11:34 am

Certain things need trying before buying, I need a new office chair and a pair of gloves, I'll not risk spending £100's before I know they're fit for me / my use.

Of course I'm guilty of trying stuff in a shop and then buying cheaper online.
Many places do free return shipping, just buy and send back.
For me that'd be more agro than just going to a shop
I'm a bit of a dandy, so I like to go proper shopping for clothes. Feel the weft of the fabric, try on the items and parade up and down, be fawned upon like Julia Roberts in Pretty Woman. :thumbup:
All aboard the Peckham Pigeon! All aboard!
User avatar
weeksy
Site Admin
Posts: 23409
Joined: Sat Mar 14, 2020 12:08 pm
Has thanked: 5449 times
Been thanked: 13084 times

Re: Budget day. Watcha hoping for/dreading?

Post by weeksy »

gremlin wrote: Wed Oct 30, 2024 1:27 pm I'm a bit of a dandy, so I like to go proper shopping for clothes. Feel the weft of the fabric, try on the items and parade up and down, be fawned upon like Julia Roberts in Pretty Woman. :thumbup:
I bought a pair of trousers for Trickys wedding.. first item i've bought in a shop in several years. If i had thought about it earlier i'd have bought online instead. I'm quite a sociable boy... but i can't be doing with random humans.
User avatar
Mr Moofo
Posts: 4620
Joined: Sat Mar 14, 2020 1:41 pm
Location: Brightonish
Has thanked: 1829 times
Been thanked: 1469 times

Re: Budget day. Watcha hoping for/dreading?

Post by Mr Moofo »

gremlin wrote: Wed Oct 30, 2024 1:27 pm
MrLongbeard wrote: Wed Oct 30, 2024 1:12 pm
weeksy wrote: Wed Oct 30, 2024 11:38 am

Many places do free return shipping, just buy and send back.
For me that'd be more agro than just going to a shop
I'm a bit of a dandy, so I like to go proper shopping for clothes. Feel the weft of the fabric, try on the items and parade up and down, be fawned upon like Julia Roberts in Pretty Woman. :thumbup:
Ah, the Bromley Set are alive and well.

Still dancing to "Cut a long story short"?
User avatar
gremlin
Posts: 5927
Joined: Wed Jul 08, 2020 3:12 pm
Location: Kent (AKA God's own country)
Has thanked: 808 times
Been thanked: 4793 times

Re: Budget day. Watcha hoping for/dreading?

Post by gremlin »

Mr Moofo wrote: Wed Oct 30, 2024 2:04 pm
gremlin wrote: Wed Oct 30, 2024 1:27 pm
MrLongbeard wrote: Wed Oct 30, 2024 1:12 pm

For me that'd be more agro than just going to a shop
I'm a bit of a dandy, so I like to go proper shopping for clothes. Feel the weft of the fabric, try on the items and parade up and down, be fawned upon like Julia Roberts in Pretty Woman. :thumbup:
Ah, the Bromley Set are alive and well.

Still dancing to "Cut a long story short"?
Don't be silly.

Now, where did I put my eyeliner..?
All aboard the Peckham Pigeon! All aboard!
User avatar
Taipan
Posts: 13931
Joined: Sat Mar 14, 2020 1:48 pm
Location: Essex Riviera!
Has thanked: 15937 times
Been thanked: 10241 times

Re: Budget day. Watcha hoping for/dreading?

Post by Taipan »

Just caught the stamp duty hike for second home owners, so I expect that will be passed onto the renters in the case of buy-to-lets. With private rents sky high as it is, thats not good news.

Not seen any summaries yet, was it as bad as some feared, or not bad at all?
User avatar
MrLongbeard
Posts: 4579
Joined: Sun Mar 15, 2020 2:06 pm
Has thanked: 599 times
Been thanked: 2428 times

Re: Budget day. Watcha hoping for/dreading?

Post by MrLongbeard »

Only seen the BBC's quick reporting, but nothing flags as giving me butt hurt, will wait for the detailed breakdowns
Silly Car
Posts: 854
Joined: Mon Mar 16, 2020 7:53 pm
Has thanked: 143 times
Been thanked: 497 times

Re: Budget day. Watcha hoping for/dreading?

Post by Silly Car »

Highly and lows…

CGT up from 10 / 20% to 18 / 24% with immediate effect - this wouldn’t ordinarily cause much concern but the allowance has been slashed from £12k+ to £3,000 in recent years by the previous gov.

Income tax - staying the same but fiscal drag will mean we all pay a bit more tax in real terms until allowances increase in 2027

NI - no increase (other than fiscal drag) form Joe Public but employers are facing increase to 15% with a lower threshold from April 2025

Pensions - tax free cash remains at 25%, capped at circa £270k, but any ‘unused pension fund’ will form part of your estate for IHT - I can see the sense as George Osborne left the barn door wide open in his 2015 reforms but it’ll be interesting to see how this is implemented in 2027 as it could reduce legitimate death benefits for widows and orphans (I suspect tax free inter-spousal transfers will be permitted though)

IHT limits staying the same but reliefs being cut by 50% for agricultural land and business assets - These have previously been zero rated to ensure working farms and businesses can continue following the death of the owner rather than the families having to find 40% (now 20%) of the value of the asset. Although many smaller businesses and farms will fall within the £1m allowance. 50% reduction in relief for share ownership in the AIM market

Stamp Duty - increase for 2nd homes up to an additional 5% but seemingly no changes to Council Tax single person discounts

Fuel duty - staying where it is

Fags going up, beer coming down,

Minimum wages going up

There’s probably lots that I’ve missed as well



Fags - going up, Beer - going down,
Last edited by Silly Car on Wed Oct 30, 2024 4:48 pm, edited 1 time in total.
User avatar
KungFooBob
Posts: 14194
Joined: Sat Mar 14, 2020 1:04 pm
Location: The content of this post is not AI generated.
Has thanked: 539 times
Been thanked: 7522 times

Re: Budget day. Watcha hoping for/dreading?

Post by KungFooBob »

Only draught beer tho'
Mr. Dazzle
Posts: 13936
Joined: Mon Mar 16, 2020 7:57 pm
Location: Milton Keynes
Has thanked: 2550 times
Been thanked: 6240 times

Re: Budget day. Watcha hoping for/dreading?

Post by Mr. Dazzle »

The cut in CGT threshold from 12k to 3k was/is an existing Tory policy?
Silly Car
Posts: 854
Joined: Mon Mar 16, 2020 7:53 pm
Has thanked: 143 times
Been thanked: 497 times

Re: Budget day. Watcha hoping for/dreading?

Post by Silly Car »

Mr. Dazzle wrote: Wed Oct 30, 2024 3:47 pm The cut in CGT threshold from 12k to 3k was/is an existing Tory policy?
Yep, that was a Tory policy. OP edited :thumbup:
Last edited by Silly Car on Wed Oct 30, 2024 4:49 pm, edited 1 time in total.