It’s not a surprise is it? The whole thing with the private schools was a canary in the coal mine. It showed that they are only motivated by spite and envy. If someone has something that’s not available to someone else then that’s unfairness and it should be taken from them and given to people “less fortunate”. You want to save for the future? No all your moneys are belong to us!
I work as a contractor. Ideally I should work through a limited company and that way I can manage cash flow through down time (as I have now). Working inside IR35 means I cannot build up a pot of cash between gigs. But previously I could at least top up my pension on a high rate contract. I can’t even do that now. Labour (and Tories for that matter) are ruining any incentive to work. Fuck them all.
Thanks for your customary lucidity. Most fiscal explanation assumes too much knowledge. We all knew it was going to be an Apparatnik Budget, but not the why and the how of it.
Superb analysis! Your breakdown of the compounding unfairness is particulary strong becuase it connects three layers: the £100k marginal rate trap, the childcare cliff, and now the salary sacrifice cap. What stands out most is the asymetry between public and private sector treatment, where defined benefit schemes remain untouched while defined contribution savers face both this NI change and the 2027 inheritance tax hit. The OBR's own yield projections declining to £2.6bn suggest even they dont fully believe behavioral responses will be passive.
It’s not a surprise is it? The whole thing with the private schools was a canary in the coal mine. It showed that they are only motivated by spite and envy. If someone has something that’s not available to someone else then that’s unfairness and it should be taken from them and given to people “less fortunate”. You want to save for the future? No all your moneys are belong to us!
I work as a contractor. Ideally I should work through a limited company and that way I can manage cash flow through down time (as I have now). Working inside IR35 means I cannot build up a pot of cash between gigs. But previously I could at least top up my pension on a high rate contract. I can’t even do that now. Labour (and Tories for that matter) are ruining any incentive to work. Fuck them all.
Thanks for your customary lucidity. Most fiscal explanation assumes too much knowledge. We all knew it was going to be an Apparatnik Budget, but not the why and the how of it.
And how much for Ukraine in the current budget?
I recall Starmer sending them multiple billions of pounds.
Superb analysis! Your breakdown of the compounding unfairness is particulary strong becuase it connects three layers: the £100k marginal rate trap, the childcare cliff, and now the salary sacrifice cap. What stands out most is the asymetry between public and private sector treatment, where defined benefit schemes remain untouched while defined contribution savers face both this NI change and the 2027 inheritance tax hit. The OBR's own yield projections declining to £2.6bn suggest even they dont fully believe behavioral responses will be passive.