This budget is going to change things massively - Sky's Ed Conway analysis

Sky's economics and data editor Ed Conway says the budget is "massive" in terms of how it will change the nature of taxation in the UK.

He says the country's tax burden is now "higher than anything we've got on comparable record".

#budget2024 #skynews #politicshub

[At_the_races]

Unemployment and inflation are going to soar.

[manojchowdhary]

So to summarize- much higher taxes, higher government borrowing, somewhat higher investment but still lower growth? 😢😮

[brad]

Everytime the government increase the financial burden on business the media say that companies will have to "absorb" some of it. Just how much do they think they can absorb? They don't absorb any of it. It all ends up in the price of the product, which is partly why everything is so expensive, and why so many find day-to-day living such a struggle. And yet they will still champion extra costs on the businesses supplying them with the things they need, thinking that the money is taken from shareholder funds. It most certainly is not.

[rayfearne]

We all know, this is not a budget for Growth! It's a disaster for the UK! Labour, need to go!

[davenwheels]

The most important aspect of taxation is who is paying it, why is this never reported? This budget appears to place the burden more on those who can afford it.

[NTL]

Seems like most of the taxation was placed on multinationals companies and billionaires.

[joeblogs]

I bet they could raise £B's on taxing all the gifts/bribes MP's get 😂😂😂😂😂

[Centaur]

Need to take into account the black hole in the budget at the end. Comparing the March OBR figures is disingenious as they said their figures would have been materially different if given the full information

[moonstomper]

Tax and spend, we all knew it, a leopard never changes its spots

[vanessarealrose]

All I see is us working class suffering even more, money taken from our hard work to be used for their gain and not ours.

[RenoReborn]

London's about to get a whole lot richer and the rest of us are about to get a whole lot poorer, gunna be some fun times ahead.

[ABanRocks]

Big taxes and big borrowing. Labour will destroy the economy as always. 😮

[SuperJammygit]

Didn’t effect the migrants in any way what so ever

[NipunSawhney]

This is clearly the worst budget in a century.

[sextonblake]

Besides promising NOT to raise taxes, the increase for the NHS was conditional on reform.
This has been dropped and the media has simply not noticed.

[HarleyMolesworth]

Tax and borrowing to increase enormously to the highest ever level in order 'to drive growth' - and the growth forecast is actually downgraded significantly as a result. Genius. Great job. Not

[johnwoods]

I don't like Sky, but they have some mathematically literate people who are great with graphs.

[davebellamy]

2:25 The words public sector and investment don't really compute!😂😅

[robw]

Taxing the super-rich will also mean they will just up sticks and leave the country. Why not stop illegal immigration, and all the spend that goes with it? Seriously.

[ri-lhzi]

We all knew after furlough our taxes in the future would increase. It's just happened a lot sooner than most were ready for.