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dockers_strike

Sunak's Budget Speech

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Fuck all in it for people living on pensions. Fuck all in it for ever rising energy bills. Fucking tory twat. A billionaire telling ordinary folk how to be prudent with their pitance. Do me a fucking favour.

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Quote

 

In a research paper earlier this week, Resolution explained that the poorest half of households would only receive a third of the benefit from increasing the NI threshold [it won’t help those earning less than £12,500, or not in work at all]:

They said.

A rise in the NI threshold...would still see more than half of the benefit going to the richest half of the population (only £1 in every £3 would go to the bottom half, who would on average gain £250 a year if the threshold were raised to £12,500).

 

 

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8 minutes ago, Elite said:

Typical self-serving Tory piece of shit.

 

 

 

 

 

So after we were all told cutting 5% VAT on energy bills would be proportionally more beneficial to the 'well off' and people who didnt really need the 5% cut, he's actually cut 5% VAT off mega expensive heat pumps and the like that can cost anything between £15k - £25k to install.

 

Obviously the 'well off' and those who dont need a 5% VAT cut will be the only ones to benefit after all. The rest of us will have to make the decision to heat or eat in the winter later this year.

 

Tory cunts, every one of them.

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Alison Thewliss bit Therese Coffeys head off when she started heckling. Well she would have had to be the T-Rex from Jurassic Park to manage that in real life but you get my point. The fat fucking slug sat there howling like an upturned whale when she's as guilty for poverty in this country as any of the current tory party. I think she's fucked off now for another crack at the buffet. 

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Personal tax allowance held at £12,500 pa meaning with inflation, this will see more people brought into taxation thereby reducing their disposable income.

 

Oh, but you might see a cut in personal taxation from 20p in the pound to 19p in 2024. Dont forget, that would only be on every pound above the £12,500 pa allowance. Cunts.

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6 minutes ago, Section_31 said:

I'm shocked and appalled. I'd had high hopes. 

Was convinced he was going to renationalise rail, build two million council houses, and set fire to Priti Patel.

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1 minute ago, Jairzinho said:

Was convinced he was going to renationalise rail, build two million council houses, and set fire to Priti Patel.

There isn't a god after all. 

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Far too many people like him in politics; only it for themselves, and in his case, the top job/ and the power. Has no understanding of the ordinary person struggling to make ends meet - and never will. As it doesn't affect them.

 

Where are all the politicians who want to make a difference? Utterly depressing, and grim.

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1 minute ago, Haan'sThunderbolt said:

Where are all the politicians who want to make a difference? Utterly depressing, and grim.

Frantically being blocked from standing for Labour.

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The fuck's this lunatic on about it 'yet again' benefiting pensioners who are amongst the poorest in the country?!

 

Paul Johnson, the head of the respected Institute for Fiscal Studies think tank, said: “What is the possible justification for cutting the income tax rate while raising the NI rate? It drives a further wedge between taxation of unearned income and earned income. Yet again it benefits pensioners and those living off rents at the expense of workers.”

 

Yet again? Fuck off you meff.

 

Might not have occurred to Mr Johnson that unless pensioners are having to work to boost their meagre pension, old Sunak has made it so they now have to pay NI. Other than that, no pensioner pays NI on their pension to my knowledge.

 

Another fucking tory cunt.

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Cunts. Fraudulently claimed and implemented bounce back loans amounting to about £12bn written off. As you might guess, Im royally fucked off with these twats.

 

Families face the biggest hit to their living standards on record as the tax burden rises to its highest level in 70 years amid surging inflation and a raid on National Insurance.

 

Taxes will account for more than 36pc of GDP, up from 33pc before Covid, representing the fastest jump in the burden in a generation and taking the Treasury’s haul to its highest level since the late 1940s.

At the same time households will suffer the biggest drop to their spending power on record as they are beset by tax rises and surging inflation.

 

The Office for Budget Responsibility warned that real household disposable incomes will fall by 2.2pc this year, the biggest annual drop on records dating back to the 1950s. The Chancellor, Rishi Sunak, refused to cancel a planned rise in National Insurance but vowed to cut income tax by 1p to 19p by 2024.

 

The crisis represents a bigger hit than families suffered during the pandemic or the financial meltdown in 2008.

 

The OBR said it is also a worse blow than the recessions of the 1990s or 1980s, and will hit spending power even more than the oil shocks of the 1970s.

The official forecasters expect inflation to peak at close to 9pc in October  when energy bills soar again, marking the highest rate of price increases in about 40 years.

 

Inflation will average 7.4pc this year, according to the official forecasters, almost double the 4pc average, and 4.4pc peak, which it predicted at October’s Budget.

 

By contrast earnings are forecast to rise by 5.3pc, an improvement on October’s predictions of below 4pc but still far below prices.

Tax and benefit changes will drag disposable incomes down by 2.2pc, adding to households’ pain.

 

Mr Sunak insisted he is helping with the cost of living with February’s £9bn package of council tax rebates and energy bill loans, as well as a move to limit the impact of next month’s National Insurance raid by increasing the threshold at which workers pay the tax.

 

From July employees will only pay the tax on income of above £12,570 per year, limiting the effect of the Chancellor’s 1.25 percentage point tax rise to those on higher incomes.

 

He held out the promise of future tax cuts to partially reverse the impact.

 

The Chancellor said he would take a penny off the basic rate of income tax, from 20pc to 19pc, by the end of this parliament.

Mr Sunak is also cutting fuel duty temporarily by 5p in acknowledgement that prices have jumped to unprecedented highs of above 165p a litre with diesel close to 180p.

 

The OBR said these measures “offset half the blow to household finances from higher energy and fuel bills and a third of the overall fall in living standards that households would otherwise have faced”.

The extreme fuel prices are in part a consequence of Russia’s invasion of Ukraine which has wrought havoc in commodities markets, including oil and gas.

 

This is worsening the already severe spike in inflation, which is in turn undermining the economic recovery as it hammers households’ spending power.

 

The OBR has slashed growth forecasts, predicting GDP will rise by 3.8pc this year, down from its previous prediction for a strong 6pc expansion.

 

Growth will slow further to 1.8pc next year, bouncing about the 2pc mark in following years.

Even as slower growth weighs on the recovery of public finances, rising inflation and interest costs pushes up the interest bill on the nation’s £2.2 trillion national debt to a new record high of 83bn.

Economists said Mr Sunak’s plans are not enough to help families given the scale of the inflationary tidal wave.

 

Carys Roberts, executive director at the Institute for Public Policy Studies, called the proposals “woefully out of touch with the reality facing millions of families, who face being pulled into poverty and debt”.

 

“We’re going into the biggest incomes squeeze in a generation and yet the Chancellor hasn’t offered the help that many households need,” she said.

Spring Statement - at a glance

  • Chancellor to cut the basic rate of income tax from 20p to 19p in the pound before the next election
  • Fuel duty to be cut by 5p a litre from Wednesday night for 12 months
  • National Insurance threshold raised by £3,000, allowing workers to earn £12,570 before it kicks in - a £6bn tax cut worth more than £330 a year for employees
  • Household support fund doubled to £1bn 
  • VAT on energy-saving materials such as heat pumps and solar panels cut from 5pc to zero 

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They finally realised there's no such thing as infinite growth so time to plunder the masses get them used to having fuck all again. We need a new political campaign that exists just to promote the idea of  voting out every single tory. Every single one of the bastards.

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1 hour ago, dockers_strike said:

Fuck all in it for people living on pensions. Fuck all in it for ever rising energy bills. Fucking tory twat. A billionaire telling ordinary folk how to be prudent with their pitance. Do me a fucking favour.

That's precisely it, their core voters are wealthy pensioners or those who derive income from property ownership. It's a never ending attempt to shift the burden onto those who work for a living.

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4 minutes ago, Pureblood said:

Rishi sounds like a nice trustworthy man. I will take whichever experimental vaccine his colleague Mr Javid recommends. 

Hahaha.

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19 minutes ago, Bobby Hundreds said:

They finally realised there's no such thing as infinite growth so time to plunder the masses get them used to having fuck all again. We need a new political campaign that exists just to promote the idea of  voting out every single tory. Every single one of the bastards.

The only way to get these cunts out is a Labour/Lib Dem coalition I think. Starmer is probably more aligned to them than any Labour leader in the last few decades (I think) and Ed Davey seems decent enough not to want another Tory term. Fuck knows about the SNP who will want another referendum that could cripple votes in England if they were to join up. 
 

We need them gone at any and all costs. 

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1 hour ago, clangers said:

That's precisely it, their core voters are wealthy pensioners or those who derive income from property ownership. It's a never ending attempt to shift the burden onto those who work for a living.

Im not denying there are some wealthy pensioners but, I think that they are a fraction of the number of pensioners in the UK who are anything but.

 

 

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1 hour ago, dockers_strike said:

Im not denying there are some wealthy pensioners but, I think that they are a fraction of the number of pensioners in the UK who are anything but.

 

 

This is very true.

 

My mum owns her own home so is asset rich, but money wise she has her state pension and my late dad's vastly reduced pension which pushes her over a threshold.

 

If she didn't get my dad's pension she would be entitled to pension credits and would be better off so she struggles to make ends meet and so is cash poor.

 

I worry about her because she's gone very frail over the last 3 or 4 years. She had bowel cancer, the same thing that took my dad, 10 years ago today actually, and the whole Covid thing set her right back.

 

She'll be 80 in May and while we've just got over winter, next winter will see an awful lot of people who stand absolutely no chance of heating their homes correctly due to the massive hikes in fuel prices.

 

I fear for her and people like her, but don't worry, the billionaire chancellor Sunak will be just fine because the price he'll pay for his fuel is exactly the same price as we pay because we're all in this together.

 

For such a small man he's an absolutely massive cunt.

 

 

 

 

 

 

 

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