The Budget from Hell

Discussions about serious topics, for serious people
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El Pollo Diablo
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Re: The Budget from Hell

Post by El Pollo Diablo » Thu Nov 17, 2022 12:47 pm

lpm wrote:
Thu Nov 17, 2022 12:36 pm
lpm wrote:
Thu Nov 17, 2022 12:07 pm
Insulate Britain!

But not until 2025...
I think this sums up the stupidity of this government.

On 24 February 2022 there should have been an emergency wartime action plan for insulation, getting as much as possible done by autumn 2022, with the entire Insulate Britain project to be completed by autumn 2025.

The savings in energy imports would have been worth a staggering amount of money.
Yep. And let's not forget the stupid government's stupidity around wind farms and solar over the last 12 years. We're doing better now but if they'd not f.cked up so badly sh.tting on about "green crap" then we'd be in a better position now
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JQH
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Re: The Budget from Hell

Post by JQH » Thu Nov 17, 2022 1:02 pm

lpm wrote:
Thu Nov 17, 2022 11:55 am
Interesting:

- Pension age to be "reviewed" next year
Upwards presumably. Somehow I doubt I'll ever get old enough for the State Pension.
And remember that if you botch the exit, the carnival of reaction may be coming to a town near you.

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plodder
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Re: The Budget from Hell

Post by plodder » Thu Nov 17, 2022 2:02 pm

As far as Tory budgets go my hot take is that this one is pretty meh

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TopBadger
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Re: The Budget from Hell

Post by TopBadger » Thu Nov 17, 2022 2:21 pm

EV's paying VED was of course just a matter of time. They were never going to allow ICE vehicles to dwindle out and lose VED revenue without something to take it's place or the vehicles included widening.

The nuclear power "can" has been kicked down the road far too many times and nuclear has to be a part of any sensible energy mix. If they'd have started construction in 2010 when the site was selected it would be up and running by now. I know there have to be consultations for these things, but it's taken literally a decade of talking about it, which is far too long.
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lpm
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Re: The Budget from Hell

Post by lpm » Thu Nov 17, 2022 3:10 pm

lpm wrote:
Thu Nov 17, 2022 11:46 am
Ridiculous:

- windfall tax on renewable electricity generators
Phew, our windfarm avoids windfall.
Sarah Merrick wrote:Really pleased the electricity windfall tax will only apply to companies generating more than 100GWh per year. This means the thousands of owners of Graig Fatha and Kirk Hill will not be impacted. Glad the concerns of co-op members and smaller scale projects were listened to.
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bjn
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Re: The Budget from Hell

Post by bjn » Thu Nov 17, 2022 3:31 pm

lpm wrote:
Thu Nov 17, 2022 3:10 pm
lpm wrote:
Thu Nov 17, 2022 11:46 am
Ridiculous:

- windfall tax on renewable electricity generators
Phew, our windfarm avoids windfall.
Sarah Merrick wrote:Really pleased the electricity windfall tax will only apply to companies generating more than 100GWh per year. This means the thousands of owners of Graig Fatha and Kirk Hill will not be impacted. Glad the concerns of co-op members and smaller scale projects were listened to.
Definitely phew. Partner.

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lpm
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Re: The Budget from Hell

Post by lpm » Thu Nov 17, 2022 3:48 pm

Although the fossil fuel subsidy Sunak-Hunt have given us is worth far more in £ terms. Approx another £750 subsidy to put towards the Caribbean holiday. Means I don't need to bother with that expensive solar/battery project as the payback remains unattractive.
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lpm
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Re: The Budget from Hell

Post by lpm » Thu Nov 17, 2022 4:08 pm

TopBadger wrote:
Thu Nov 17, 2022 12:44 pm
lpm wrote:
Thu Nov 17, 2022 12:23 pm
Good solid left-wing budget measures:

- Benefits and pensions up 10.1%.
- Minimum wage up 9.7%
Shame they couldn't do this in the years before inflation hit 11%... as it is families will still be worse off in relative terms.
Yep.

Important to remember that benefits and pensions only rise by the 10% in April, long after prices have already gone up. It's going to be an awful winter.
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dyqik
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Re: The Budget from Hell

Post by dyqik » Thu Nov 17, 2022 4:36 pm

lpm wrote:
Thu Nov 17, 2022 4:08 pm
TopBadger wrote:
Thu Nov 17, 2022 12:44 pm
lpm wrote:
Thu Nov 17, 2022 12:23 pm
Good solid left-wing budget measures:

- Benefits and pensions up 10.1%.
- Minimum wage up 9.7%
Shame they couldn't do this in the years before inflation hit 11%... as it is families will still be worse off in relative terms.
Yep.

Important to remember that benefits and pensions only rise by the 10% in April, long after prices have already gone up. It's going to be an awful winter.
And it's quite likely that by April, quarterly inflation will have dropped, and so they'll cancel this rise.

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