Budget chaos - open thread
First things first: Jim wins the compo for most correct guesses at Budget content – by a decent margin, too. Well done that man. A (very temporary) job awaits you in Whitehall as official Reeves-whisperer.
The OBR-induced chaos is all very odd. FFS, Reeves leaked half the Budget, in detail, yesterday – the ‘final final’ leaks, which once would have been anathema to Parliament and the privileges on being first to learn these things, once jealously defended, not least by successive Speakers. Hugh Dalton felt obliged to resign in 1947 for less (though some suggest the skids were under him already, and he was glad of the pretext to go).
Anyhow: obviously in the circs, Reeves / Starmer felt they couldn’t do anything other than play to their own back-bench gallery. Feeble politics though it is, I think we all understand. How much time does it buy them? Maybe enough.
On the energy front, the EV levy was inevitable and we may expect it to rise over the years, to replace fuel duty. (Did any EV user ever imagine otherwise?) I’m interested in ‘pay per mile’ – does this mean they are tracking vehicle movements (like Musk and the Chinese do), or is it a self-declared matter on the income tax form? I would have thought ‘pay as metered’ would be better – seeing as how smart meters can supposedly detect and discriminate different types of load. But maybe home charging would represent an easy dodge, even with an SM.
I haven’t yet seen the trailed shift of ‘green levies’ from electricity bills onto general taxation: and I believe they’ve ditched the idea of scrapping VAT on energy. Will update when I find out. Anyhow, it’s pretty clear they’ve completely given up on the £300 bill reductions that were to be achieved via “cheaper renewables”. Not before time: Miliband really does have to ditch that crass rhetoric once and for all, and stop making his DESNZ officials parrot it every time they are asked about bills.
Have at it all in the comments.
ND
Source: http://www.cityunslicker.co.uk/2025/11/budget-chaos-open-thread.html
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