"So it could all just have been a fiction. A budget designed to look like a budget merely because it was that time of year. It made you wonder why we had bothered."

#UKBudget
#UKPolitics

https://www.theguardian.com/uk-news/2025/nov/27/welcome-to-the-half-real-half-fantasy-world-that-is-the-day-after-the-budget

Reeves really knows how to deliver a f-ed up budget.
No increase in fuel duty and a new pay-per-mile tax scheme that doesn't apply to combustion vehicles?
Exempting horse racing (that famously wealthy sport) from gambling tax increases?
Oh and of course no wealth tax 😒

Someone has definately shown their lack of backbone and fondness for lobbyists (definately not bribery...)
#ukbudget

Have read a free things about the budget. My favourite takeaway so far so far is “Rachael from accounts”.

Interesting to observe that the to-be-introduced per-mile EV tax will add 50% to the cost of driving at today’s rates- assuming you pay 25p/KWh and get 4 miles per KWh. Less if you’re not charging at home, mind.

I’m not too fussed. The treasury are going to lose out big time on fuel duty as EV adoption rises, this tax was only a matter of time. And by the time it comes in (when, not if) cars and batteries will have got better - lighter, more efficient, more kWh/Kg.

#UKBudget #RachaelFromAccounts #EVTax

With the significant exception of freezing tax thresholds, the #UKBudget seems very carefully crafted to extract revenues from those with the most discretionary incomes and most expensive houses.

Meanwhile, massive boost to pensioners and the lower paid workers.

IMO, a very solid Labour budget.

BBC News: Budget 2025 summary: Key points from Rachel Reeves’s speech - BBC News
BBC News - Budget 2025 summary: Key points from Rachel Reeves’s speech - BBC News
https://www.bbc.co.uk/news/articles/cj4w44w42j5o

Thank goodness - I was so worried: houses worth >£2M are going to be subject to an annual tax of

wait for it

£2500.
A fiver a week.

Edit: decimal place error - £50 per week

It'll cost slightly less to administer than it'll raise.

#UKBudget
#onanism