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As does everyone else.

Having said I am £0.76 pa better off, that is entirely down to the 1p off per pint. Which won't be passed on so that's that gone.

I used one on Guardian. https://www.theguardian.com/uk-news/2024/mar/06/budget-calculator-2024-better-worse-off-interactive-tool-chancellor-tax-spending It would be interesting if it was possible to put the actual budget in to the "simulator" @shmmeee shared a little while ago to see whether...

Anyhoo, what do we all think of the budget? State pension aside, I am £0.76 per annum better off. Net effect of changes to state pension/ wfa I am £18 per annum worse off. I will have to stop buying a loaf every month.

Thanks for this interesting article. I had genuinely forgotten that years ago my colleagues and I had spent hours during lunch breaks discussing and agreeing how we could screw up all subsequent generations. The politicians who actually made the decisions of course weren't boomers. Boomers...

OK then, lets take politics out of it. There's a graph that looks like inequality has reduced over the last 14 yers.

OBR report didn't support the £22bn claim, more like £9.5bn. Which of course Labour promptly doubled.

There is graph that looks like inequality reduced during 14 years of Tory misrule

Oh dear, what a shame.

Public sector pensions don’t leave a pot of money after death which can be bequeathed to someone - there is nothing to tax.

In reality its just a revenue earner which will prevent the much maligned boomer generation with private pension pots from passing on funds to younger generations. Introduced by a Gen X chancellor,

The justification is to raise more taxes.

So what formula do you think should be applied to pensions then?

I also wonder where the tax revenue would come from if house prices plummeted. So much less from SDLT and then hugely reduced Inheritance Tax Revenues. Us boomers won’t have to make the shortfall up, we will be long gone.

It was to protect the banks, not the houseowners.

Why are you bringing the chronic unemployed into it?

I haven’t moved the goalposts at all.

So greedy banks in the US had nothing to do with it then.

That wasn’t the reason interest rates were lowered, it was trying to address the aftermath of the recession.

Mortgage rates were a lot lower than that for a very long time over recent years and 6% looks quite high (4.29% fixed for 2 years from Halifax) . The house I had when mortgage rates were at 15% cost about £105,000. So interest payments were higher. Icing on the cake is that the house was sold 3...