The Budget

[Drago]

I brew my own beer, so no issues there.

I don't pay NI, no problems there.

Pipe tobacco duty remains unchanged, so thats dandy.

I don't burn much diesel, and oil prices are doing there what the government didn't.

Don't earn a wage, so the minimum wage rise doesn't apply.

None of it directly affects me, so pretty much a non event at Drago Towers. Just as well as my interest in that which goes on in parliament is somewhere south of zero.

 

[Accy cyclist]

What will happen to the price of cigarettes?
The price of tobacco products is increasing immediately after Wednesday’s budget.

An increase of 88p will be added to the most expensive cigarettes, meaning their cost will increase from £12.73 to just over £13.60.

The cheapest packs of 20 cigarettes will see 63p added, meaning their go up from £9.10 to £9.73.

Rolling tobacco will also be hit – and cost of a 30g bag will increase from £8.14 to £9.02.


Duty rates on all tobacco products will increase by RPI inflation plus 2 per cent and hand-rolling tobacco by RPI plus 6 per cent.


68 pence per cigarette now!!!

 

[Chislenko]

I have often found it curious when 1p tax goes on a pint, today 3p coming off as in real life it doesn't work that way.

A pint nowadays goes up in multiples of 5p more often 10p.

(It is many years in my experience since I have bought a pint that didn't end in a round figure)

I feel sure the end user (the beer drinker) will not see any reduction but the cut will just help the margin of the publican.

 

[Accy cyclist]

I wonder if the chancellor (whoever it is and no matter which political party) actually sits down and works out the whole budget them self. Or do they have many economists doing it for them, or at least strongly advising them?🤔

 

[BoldonLad]

I wonder if the chancellor (whoever it is and no matter which political party) actually sits down and works out the whole budget them self. Or do they have many economists doing it for them, or at least strongly advising them?🤔

You don't think any of this is actually worked out, do you?

 

[BoldonLad]

Draft booze tax cut !

Not until 2023 apparently. I will have to make sure I stay alive until then, to make the most of it

 

[mjr]

I wonder if the chancellor (whoever it is and no matter which political party) actually sits down and works out the whole budget them self. Or do they have many economists doing it for them, or at least strongly advising them?🤔

Loads of economists being asked loads of "what if we ...?" questions by the ministers, making loads of forecasts, explaining lots of likely consequences to the ministers.

 

[vickster]

I wonder if the chancellor (whoever it is and no matter which political party) actually sits down and works out the whole budget them self. Or do they have many economists doing it for them, or at least strongly advising them?🤔

There are a dozen or more Government departments, not least the Treasury. Presumably you’ve heard of the civil service who staff said departments?

 

[Drago]

If you believe the Express the only thing they staff is their Peloton bikes at home.

 

[fossyant]

I wonder if the chancellor (whoever it is and no matter which political party) actually sits down and works out the whole budget them self. Or do they have many economists doing it for them, or at least strongly advising them?🤔

They have obviously messed up a formula in excel somewhere. Not sure how they are going to pay for this budget.

 

[mjr]

If you believe the Express the only thing they staff is their Peloton bikes at home.

I understand civil servants are equally kind about the Express hacks.

 

[Drago]

I understand civil servants are equally kind about the Express hacks.

You mean "government fat cats with their gold plated pensions"? The Excess haven't called them Civil Servants since 1981.

 

[DRM]

What will happen to the price of cigarettes?
The price of tobacco products is increasing immediately after Wednesday’s budget.

An increase of 88p will be added to the most expensive cigarettes, meaning their cost will increase from £12.73 to just over £13.60.

The cheapest packs of 20 cigarettes will see 63p added, meaning their go up from £9.10 to £9.73.

Rolling tobacco will also be hit – and cost of a 30g bag will increase from £8.14 to £9.02.


Duty rates on all tobacco products will increase by RPI inflation plus 2 per cent and hand-rolling tobacco by RPI plus 6 per cent.


68 pence per cigarette now!!!

Blimey, that really is burning money, I've never understood people willingly paying earlier prices never mind that much, the most expensive ones gives you a £9928 a year habit at 40 per day, ouch

 

[DRM]

I notice we have a new red briefcase!!

View attachment 615365

It's probably got his flask & sarnies in it

 

[Accy cyclist]

Blimey, that really is burning money, I've never understood people willingly paying earlier prices never mind that much, the most expensive ones gives you a £9928 a year habit at 40 per day, ouch

'Rolling tobacco will also be hit – and cost of a 30g bag will increase from £8.14 to £9.02.'

I wonder where they got these prices from. I ask roll up smokers how much they pay and how much do they smoke. Even a couple of years ago rolling tobacco was over £10 for 30 grammes. Naively i'd ask how many weeks the tobacco would last. Most would laugh and say, 'not weeks but days'! One bloke i asked the other week said he does four 30 gram packets a week at £14 a packet!!!