2024 Budget: Chancellor Jeremy Hunt under pressure to cut taxes

OBR forecast accelerating growth this year and next, peaking at 2.2% in 2026.

Reply 22

StriderHort

Original post by Rakas21

When you go on UC you can basically request an advance and take it of your payments afterwards. Rather than extending, they should be taking measures to stop people on UC taking on debt.

They give you an advance because it generally takes 5-6 weeks to get a payment (even people who work) and pretty much all bills are monthly. They should solve this issue by getting their **** together and processing claims faster so that claimants aren't put in a position where they need to borrow rather than making it harder for people.

Reply 23

OP

Since 2012 our economy has grown quicker than Germany, France and Italy, and will continue to do so in the next 5 years.

Growth is expected to be 0.8% this year, and 1.9% next year.

(edited 1 month ago)

Reply 24

Gazpacho.

11

Nothing substantial so far, just lots of gaslighting about the Conservative record over the last 14 years.

Reply 25

OP

Original post by StriderHort

They give you an advance because it generally takes 5-6 weeks to get a payment (even people who work) and pretty much all bills are monthly. They should solve this issue by getting their **** together and processing claims faster so that claimants aren't put in a position where they need to borrow rather than making it harder for people.

While I agree, apparently the loans can also be used for things such as emergency boiler repairs etc, so they do have value even after the person is getting their UC.

(edited 1 month ago)

Reply 26

Government measures since Sunak came to power may be increasing business investment which is good for long run productivity.

Perhaps a hidden success story.

Highest business investment in Europe.

Reply 27

OP

Steps to boost investment:

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Full expensing to apply to leased assets

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£200m to extend the recovery loans scheme

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VAT registration threshold to increase from £85,000 to £90,000

(edited 1 month ago)

Reply 28

More devolution to areas.

Reply 29

Chancellor listing the target seats. Somebody in Lab will be going over those when they watch this again later.

Reply 30

StriderHort

Original post by CatusStarbright

While I agree, apparently the loans can also be used for things such as emergency boiler repairs etc, so they do have value even after the person is getting their UC.

That would be a different type of loan

You are able to apply for a specific advance at the start of your claim and then only. You can also apply for a budgeting loan/advance for specific things which is what I think you're talking about and has slightly different criteria (6 months + minimum claim, less than £2000 wages in last few months and a max of £350 I think)

Reply 31

OP

'Levelling up':

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A 'North-east trailblazer devolution deal'

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Devolved powers to Buckinghamshire, Warwickshire and Surrey

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£100m to areas such as Dundee, High Peak, etc.

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Capital projects in places such as Bingley

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£20m to places such as Darlington for community regeneration

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£500m to renovate village halls

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Funding for the spaceport in Shetland

(edited 1 month ago)

Reply 32

OP