Budget 2024 - Twitchy Arse or Power to the People Comrade?

Ingo has already stated the he's (probably understandably being an industrious SME type) in the arse clench camp whereas Charlie has also pointed out its likely to sting a bit for everyone in varying degrees through one way or another, but we probably have to endure that to begin to try to reverse the apparent systematic dismantling of public services and infrastructure over the last 14 years.

Personally, I suspect I may probably escape (relatively) unscathed in the immediate term being of moderately well paid but not 6 figures annually or anything employ in a relatively steady gig, and without much in the way of large personal capital or alternate income through ivestment and the like. But I'm not altogether sure what it might mean for my employer and, more to the point, resultant repercussions further down the line in terms of employment security and pay or the economy in general and resultant impact of that.

Is this weirdly palpable general feeling of impending doom all a bit unwarranted or should we be getting the tin hats and paraffin out?

As an employer we can take some more weight on our shoulders. I think trade will slowly improve to compensate to some degree. At the risk of getting a bit GB News, we need a bit of Blitz spirit.

Worth pointing out that as a hardworking PAYE wage slave, the tories have been quietly screwing you by not increasing the thresholds over the last few years (which Labour are going to continue with). If you were in the mythical land of 6 figures annually, then you get more fucked by the ludicruous way they remove the annual allowance, giving you a 60% marginal tax rate (before considering NI and student loans).

£40bn of tax increases. That sounds bad.

Paying 18-21 year olds full wack is a stupid idea, they are mostly shit and cock up all the time.

See also; sick pay from first day off.

Who knew Ingo was a capitalist exploiter?

His his employees I guess. Especially the school leavers.

I'm only Mom & Pop, please try and keep up.

In Madri news, something for ingo to hold on to as draught booze duty is getting cut by 1pee.

Unfortunately he will have to pay his 17 year olds when they phone in sick the morning after student night Rock City.

Don't employ them then.

It made me laugh when listening to 5live this morning when someone suggested they would get rid of younger workers and replace them with retired people to avoid the NI rise. Good luck with that one.

I think that may be the risk - why employ a kid at £10 per hour with no experience when you can get someone better for only £2 or so more. That is certainly the approach we have taken in recent years.

We were considering in going back to the apprenticeship model - after having been bitten 3 times now - but this may impact on our decision.

Wouldn't work anyway. They'd still pay the same rate of employer's NI for retired people as for anyone else.

Which is exactly the point. In a ham-fisted momentum-type pleasing gesture to look like you are helping their generation you actually fucking the prospects of kids who don't want to go to University and build a huge debt renting some plush city development which is really just a rouse to root money from government to development firms.

As a mid-level PAYE employee, with no major investments apart from ISAs, it doesn't looks like anything in there will affect me directly in the short term at least. I'm guessing I'm in the majority?