{"id":120029,"date":"2024-10-30T10:46:48","date_gmt":"2024-10-30T03:46:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=120029"},"modified":"2024-10-30T10:46:48","modified_gmt":"2024-10-30T03:46:48","slug":"a-big-budget-for-tax-borrowing-and-spending","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=120029","title":{"rendered":"A big Budget &#8211; for tax, borrowing and spending"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">This will be a big Budget.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Big tax rises, big borrowing, big spending.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">And big politically \u2013 because it will set the political landscape for the years to come.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Chancellor Rachel Reeves will promise that she will \u201cinvest, invest, invest\u201d and will tell the Commons: &#8220;My belief in Britain burns brighter than ever. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;More pounds in people\u2019s pockets. An NHS that is there when you need it. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;An economy that is growing, creating wealth and opportunity for all.&#8221;<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Note the upbeat tone, after no shortage of the bleak from ministers recently.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The government is also emphasising that it is \u201cprotecting working people\u2019s payslips\u201d \u2013 which is code for <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/crm2remkekdo\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">National Insurance paid by employers<!-- --><\/a>, rather than employees, going up \u2013 one of the biggest rows of the last few weeks.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Expect Labour to try to use this Budget to attempt to open up a political dividing line with the Conservatives \u2013 rather similar to the one Gordon Brown tried a decade and a half ago &#8211; where they advocate what they call \u201cinvestment\u201d, ie spending, and contrast that with what they will label the \u201cdecline\u201d offered by the Tories.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Conservative leader Rishi Sunak \u2013 on his last big day in the job before his successor is elected on Saturday \u2013 will, unsurprisingly, strongly criticise the chancellor later.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;She\u2019s called National Insurance a &#8216;jobs tax&#8217; which &#8216;takes money out of people\u2019s pockets&#8217;,&#8221; he says.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;And worst of all, she said the problem with National Insurance &#8216;is that it is a tax purely on people who go to work and those who employ them&#8217;.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;Far from protecting working people she would be raising literally the only major tax that specifically hits working people.&#8221;<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">It is expected the Liberal Democrats will focus on social care and the availability of GP and dentist appointments in their response to the Budget.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">It is 14 years and seven months since a Labour chancellor waved the Budget Red Box on the step of 11 Downing Street.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Wednesday 24 March 2010 was the day of <!-- --><a target=\"_self\" href=\"http:\/\/news.bbc.co.uk\/1\/hi\/uk_politics\/8584163.stm\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">Alistair Darling\u2019s third Budget<!-- --><\/a>, delivered on the eve of an election campaign Labour would go on to lose. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Incidentally, what was the most expensive measure that day? A promise, costing \u00a3600m, to increase the Winter Fuel Allowance for another year.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">A Labour idea that would continue throughout the coalition and Conservative years of power, only to be <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c51y5pgkylqo\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">cancelled for the vast majority of pensioners<!-- --><\/a> when Labour won again back in July.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">For 800 years, men have run the country\u2019s finances. There have been 110 chancellors since Sir Richard Sackville was appointed in 1559 &#8211; a <!-- --><a target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/history\/past-chancellors\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">centuries\u2019 long unbroken line of blokes<!-- --><\/a> &#8211; which includes Henry Bilson Legge (three times chancellor in the 18th Century), and William Gladstone, who had four goes at it in the 19th Century.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Until, that is, the appointment of Rachel Reeves.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The Conservatives may have managed the first three female prime ministers, with Labour\u2019s record currently zero, but the first Budget from a female chancellor of the exchequer is a genuine moment of history.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">So, what can we expect?<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Well, the big stuff has been talked up in advance \u2013 through nods and winks, official briefings and unauthorised leaks.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">There are tax rises, expected to include employer <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c8el3z910r9o\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">National Insurance and inheritance tax<!-- --><\/a>. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">There is the change in the government\u2019s <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cvg745ggn3no\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">self-imposed debt rules<!-- --><\/a>, so it can borrow a lot more.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">There is the rise in the <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c5y37wqnvwxo\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">minimum wage<!-- --><\/a>. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">There is money to <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cg5778m232vo\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">rebuild schools<!-- --><\/a> in England.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">And the plans for <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cde7kll9j46o\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">new equipment for the NHS<!-- --><\/a>, such as scanners and radiotherapy machines. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Expect a lot of talk from Rachel Reeves about what she will call \u201cchoices&#8221;.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Her team see it as a \u201conce in a generation\u201d Budget, where its scale, it is claimed, matches the scale of the challenge they face.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Which is code for the country\u2019s in a mess and they think it\u2019s going to cost a lot to fix it.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The extent to which it is &#8211; and whether billions of pounds more of taxpayers\u2019 money are the solution &#8211; are the open questions.<!-- --><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c78d5p1nypno\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This will be a big Budget. Big tax rises, big borrowing, big spending. And big politically \u2013 because it will set the political landscape for the years to come. Chancellor &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=120029\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-120029","post","type-post","status-publish","format-standard","hentry","category-world","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120029"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120029\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}