Discover and read the best of Twitter Threads about #Budget2021

Most recents (24)

@FrancisFlanner3 Totally agree and I have managed several of them. Both Lab & LNP government funding priorities across Aust have effectively criminalised the consequences of marginalisation & failed to address the causes of offending.

medium.com/@kirstiphillip…
@FrancisFlanner3 This is why our prisons presently warehouse Aboriginal men, women and children as well as the mentally ill.
@FrancisFlanner3 The 1987–91 Royal Commission into Aboriginal Deaths in Custody reported that: “The single significant contributing factor to incarceration is the disadvantaged and unequal position of Aboriginal people in Australian society in every way.
Read 25 tweets
When the 68 uprising graffitied Paris with “Be Realistic, Demand the Impossible!” who thought this call to action would meet its alter ego years later in the UK?

For what is Insulate Britain if not: Be Impossible, Demand the Realistic?

🧵A #Thread.
In the face of the #climate emergency happening now, XR recognises the need for disruptive actions that highlight the severity of the crisis. Insulate Britain is playing a vital role in shifting the Overton Window around public awareness and urgent government action. #ActNow
The recent attempt to ban a form of protest from happening anywhere in the UK is a warning to all of us who dare to stand up for truth; the UK government is coming for us all. It is also a complete vindication of our resistance.

#RightToProtest #RightToCare #RightToLife
Read 13 tweets
#Budget2021 polling: 37% approve of the way the government is handling the economy, down from 41% in March. But this is still higher than the 34% who disapprove (down from 35% in March).
#Budget2021 polling: @BorisJohnson and @RishiSunak hold a 15 point lead (40% to 25%) over @Keir_Starmer and @RachelReevesMP on who is best at managing the economy. This is almost unchanged on their 39% to 25% lead in March.
#Budget2021 polling: In every case, more people thought the policies announced were a good idea rather than a bad idea, except for the plan to increase foreign aid back to 0.7%.
Read 5 tweets
Changes to #UniversalCredit in #Budget2021 see the loss of £20 (#KeepTheLifeline) "mitigated" with a reduction in the UC "taper rate" from 63p to 55p.

Let's look at what that means, who that helps and who that hurts.

#poverty #ukpolitics #benefits #UKPoverty #foodbanks

1.
It means that now instead of 63p being deducted from Universal Credit for every £1 earned, only 55p will be. Meaning claimants in work are 8p better off per £1 wages earned.

That offsets that £20 for some. Who though? How many 8p's are needed to reach £20?

2.
It's actually £250 that is needed in wages every month, to offset the £20 cut. Or to put it another way, that's 59h work a month on the apprentice minimum wage, or 29h on the min wage over 23.

At age 23, if you work 7h a week you should be better off with the new rates?

3.
Read 19 tweets
"The £30bn exchequer cost of Brexit each year has forced the Chancellor to choose between respectably-funded public services and keeping taxes low. Sadly that’s one legacy of the past 11 years the government doesn’t yet seem willing to revisit."

Read TBI's take on #Budget2021:
"Adding flexibility to the fiscal rules is sensible given how many have been discarded in the face of unforeseen developments over the last decade. But in other respects, the Chancellor’s new rules look to be a repeat of past mistakes," says @JamesBrowneRTC on the fiscal rules
"Yet another freeze in fuel duty suggests that the government has its head in the sand about the electric vehicle transition and the threat to tax revenues," say @timbolord and @PalmouChristina on the fuel duty
Read 8 tweets
1/5 Just some of the places which are NOT included in the £5.7bn given to the city-regions to "transform local transport networks": #Budget2021
Crewe
Chester
Macclesfield
Blackburn
Blackpool
Morecambe
Chesterfield
Mansfield
Lincoln
Scunthorpe
Grimsby
Skegness
2/5
Burnley
Kendal
Preston
Barrow
Carlisle
Workington
Whitehaven
Whitby
Scarborough
Ripon
Great Yarmouth
Lowestoft
Bury St Edmonds
Ipswich
Colchester
Clacton
Braintree
Chelmsford
Basildon
Maidstone
Canterbury
Margate
Ramsgate
Deal
Dover
3/5 Folkestone
Ashford
Hastings
Crawley
Bognor Regis
Worthing
Basingstoke
Salisbury
Winchester
Warminster
Poole
Dorchester
Weymouth
Yeovil
Taunton
Tiverton
Exeter
Torquay
Plymouth
Portsmouth
Truro
Falmouth
Penzance
Bodmin
Newquay
Bideford
Barnstaple
Read 5 tweets
🧱 The built environment represents 40% of U.K emissions, but the #Treasury's approach to the decarbonisation of this sector is an object lesson in how a lack of joined-up thinking is taking us away from our legally-binding #netzero carbon commitments.

A #Budget2021 THREAD! Image
🔨It can take between 10 and 80 years for a new, energy-efficient building to offset the emissions created during the construction process. Image
💷 But the U.K tax system militates against low carbon retrofit and upgrades to existing buildings by levying 20% VAT on renovations, while zero-rating new build homes. This means it often makes more financial sense to demolish and rebuild, rather than preserve and upgrade. Image
Read 11 tweets
🚨 JRF responds to today's Budget #Budget2021 #SpendingReview

@KatieSchmuecker "This is a tale of two Budgets for families on low incomes."

👉jrf.org.uk/press/tale-two… A comment on today's Budget...
.@KatieSchmuecker: "For those in work, the change to the taper rate and work allowance, alongside the National Living Wage increase, are very positive steps, allowing low-paid workers to keep more of what they earn."
.@KatieSchmuecker: "But the reality is that millions of people who are unable to work or looking for work will not benefit from these changes. The Chancellor’s decision to ignore them today as the cost of living rises risks deepening poverty among this group."
Read 4 tweets
Rishi Sunak is believed to be the UK's richest MP. 🧐

He used to work for the US investment bank Goldman Sachs, & his total net worth is estimated to be around £200 million - which would take over 10,000 YEARS to accumulate earning the "living" wage.

#Budget2021
In 2015, a full 25% (1 in 4) of all Tory MPs had an occupational background in finance (compared to just 4% of Labour MPs), & 52% of Tory MPs were privately educated, compared to 12% of Labour MPs (nationally, 6% of children are privately educated).

…nstitutethinktank.files.wordpress.com/2015/05/who-go…
A fifth of all new Tory MPs from 2019 have worked as lobbyists, including for banks, private healthcare & arms manufacturers.

Priti Patel was a corporate lobbyist, & she's lobbied for big tobacco, then as an MP she voted to overturn the smoking ban. 🧐

opendemocracy.net/en/dark-money-…
Read 5 tweets
Healthcare spending to increase by £44bn by the end of the parliament.
The new Social Care Tax will go towards the NHS and social care services.
#Budget21
Also providing local government with £4.8bn funding
New housing settlement & more new homes "The largest in a decade"...
Is it really going to meet the New Homes quota that is needed?
#Budget21 #homes #mortgages
Read 4 tweets
Rishi Sunak launches the budget in Parliament and promises a 'new age of optimism' #budget2022
"Employment is up, investment is growing, public services are improving, the public finances are stabilising and wages are rising" #budget2022
'Post-Covid' economy will be defined by "the sacrifices we are prepared to make” #budget2022
Read 45 tweets
#Budget2021 starts with a scolding from the Deputy Speaker for pre-briefing the media on details of the budget before it has been presented to the house.
"Let there be no doubt our plan is working" says the Chancellor. We reckon young people, low-income families and not to mention the planet itself would beg to differ. #Budget2021
The Chancellor says we need to strengthen our economy so we're ready for the next crisis.

Presumably we'll be seeing investment in a #GreenNewDeal to tackle the impending climate crisis then Rishi? #Budget2021
Read 31 tweets
This week @RishiSunak
has put up smokescreen of pre-Budget announcements, but on the front line of the economy business reports it is "handcuffed" by #shortages issues caused by #Covid_19 and
#Brexit -- here's what they mean. 1/Thread #Budget2021

ft.com/content/47582a…
@RishiSunak So we start with Paul Askew @Porkyaskew the chef patron at the Art School @ArtSchoolLpool fine dining restaurant. He needs 36 staff, but only has 30. Hiring in UK is massive struggle; prices of ingredients going up. Some days he can't open private dining room, losing £4k /2
@RishiSunak @Porkyaskew @ArtSchoolLpool BUT he says he has not shortage of demand for his £164 tasting menu with wine flight...his quote sums it up:

“The tragedy is that we’ve got all the demand we can handle. And yet just at the time when we need to restore our cash flows, it’s like we’re handcuffed.” /3
Read 17 tweets
What to expect from Rishi Sunak's #Budget2021, from council tax to Universal Credit

@emsferg inews.co.uk/news/politics/…
@emsferg ▶️ You can watch a live stream of Rishi Sunak’s #Budget2021 announcement here when he delivers his speech at around 12.30pm

inews.co.uk/news/politics/…
Read 11 tweets
It feels to me that @RishiSunak needs some help getting the economy back on track.

Ahead of the autumn #budget2021, I've busted some economic myths he seems to believe...

🧵👇

Myth 1️⃣ : We are well on our way to recovery with the fastest growth in the G7.
Busted: Our economy was one of the worst hit, so we are growing from a low base. The IMF says our economy is still 5% below its pre-pandemic path. & our economy is projected to lag behind all G7 countries in 2024.
Myth 2️⃣: We need to start balancing the books because we can’t afford to borrow any more.

Busted: Our debt level is high, but what matters is the cost of financing this debt. At 6% of tax receipts, the cost of servicing the debt is the second lowest it’s been since WWII.
Read 12 tweets
.@SecyDIPAM आणि सचिव, @MoCA_GoI संयुक्त पत्रकार परिषदेला संबोधित करतील

🗓️ आज, 8 ऑक्टोबर 2021
⏲️ संध्याकाळी 4 वाजता
📍नॅशनल मीडिया सेंटर, नवी दिल्ली

लाइव्ह अपडेट इंग्रजी आणि मराठी दोन्हीमध्ये पहा @PIBMumbai वर 🧵

@FinMinIndia @Pib_MoCA
@HardeepSPuri

🎥
केंद्रीय अर्थमंत्र्यांनी #Budget2021 च्या भाषणात 2021-22 या आर्थिक वर्षात एयर इंडियाचे संपूर्ण निर्गुंतवणुकीकरण करण्याची घोषणा केली होती

- @SecyDIPAM

🎥 Image
केंद्रीय मंत्रिमंडळाच्या आर्थिक व्यवहारविषयक समितीने एयर इंडियाशी संबंधित विशिष्ट पर्यायी यंत्रणा स्थापन केली होती जिने या राष्ट्रीय हवाई कंपनीच्या यशस्वी बोलीदाराची निवड केली आहे.

- सचिव, गुंतवणूक आणि सार्वजनिक मालमत्ता व्यवस्थापन विभाग

@SecyDIPAM

🎥 Image
Read 23 tweets
📢Secretary, Department of Investment and Public Asset Management, @FinMinIndia and Secretary, @MoCA_GoI will address a joint press conference at 4 P.M. today, at National Media Centre, @PIB_India

Catch updates in English and Marathi, on @PIBMumbai 📹 Image
Union Finance Minister had announced in #Budget2021 speech that Govt. wishes to complete disinvestment of Air India in FY 2021-22

-@SecyDIPAM, Shri Tuhin Kanta Pandey

LIVE NOW: Image
Cabinet Committee on Economic Affairs had instituted Air India Specific Alternate Mechanism which has identified the winning bidder for the national airline

-@SecyDIPAM

🎥 Image
Read 25 tweets
केंद्रीय अर्थमंत्री @nsitharaman
@PIB_India , नवी दिल्लीत थोडयाच वेळात पत्रकार परिषद घेणार आहेत

या संदर्भातील ताज्या घडामोडी, थेट जाणून घ्या, @PIBMumbai च्या
खालील ट्विट 🧵 मध्ये

थेट बघा:
📡थेट बघा📡

#Cabinet ने काल केंद्र सरकारच्या 30,600 कोटी रुपयांच्या हमी योजनेला मंजुरी दिली असून राष्ट्रीय मालमत्ता पुनर्बांधणी कंपनी लिमिटेड मार्फत याच्या रोखे पावत्या जारी केल्या जाणार आहेत, अशी घोषणा अर्थमंत्री @nsitharaman यांनी केली

🎥
#Budget2021 मध्ये घोषणा केल्याप्रमाणे मालमत्ता पुनर्बांधणी कंपनी व मालमत्ता व्यवस्थापन कंपनी स्थापन करण्याचा मानस सरकारने जाहीर केला होता. त्यायोगे बुडीत कर्जे मालमत्ता अधिग्रहण करणे नंतर त्याचे व्यवस्थापन व मूल्यांकनासाठी ती खरेदीदारांसमोर ठेवण्याचे जाहीर केले होते:अर्थमंत्री
Read 22 tweets
Union Finance Minister @nsitharaman will address a press conference, at @PIB_India, New Delhi at 5 P.M. today

Catch LIVE updates on @PIBMumbai, in this tweet thread 🧵

Watch LIVE:
Media Conference by Finance Minister @nsitharaman to begin shortly

Live from ⏰ 5 PM

Stay Tuned

Watch LIVE:
@FinMinIndia @DFS_India @nsitharamanoffc
📡Live Now📡

#Cabinet has yesterday approved Central Government guarantee up to Rs. 30,600 Crore to back Security Receipts to be issued by National Asset Reconstruction Company Limited (NARCL), announces Finance Minister @nsitharaman

Watch
Read 29 tweets
Thanks to @steve_sedgwick & @cnbcKaren for having me on #CNBC #SquawkBox this AM.

What did we discuss? Well, #inflation of course!

I prepared some slides for the show which I'm happy to present in this thread.
1/n
#macro #Fed #Yellen #JeromePowell #bankofengland #QE
Are people in denial or is the #centralbank money flood just drowning all the signals?
2/n
#inflation
#Commodities, #freight, #carbon - and a whole lot besides - sure do cost a lot more, these days.
3/n
Read 14 tweets
@TheSocialCTV 12 years is not realistic for a wait list. It's more like 25 years. If your single man or women your bumbed in line for a women with kids

Homeless people are not just drug addicts and shows like yours need to point out the disabled, victims of financial abuse ;+
You also need to discuss the liberal C35 disabled legislation raised by @CQualtro hours before House of Commons shut down for Summer. She, Ford and Trudeau ignored the disabled pleas for help during the pandemic and news organizations ignored our chronic systemic underfunding.
Canada is in violation of the #UNCRPD and the disability benefit was announce because the @UN_HRC is in session this week, but Trudeau has no #budget2021 $ for new benefit only money to study a new benefit for next 3 years. Leaving disabled living at least 45% below poverty line
Read 5 tweets
Thread:
1.Just some observations about budgets and how people react to it especially general public. I think reaction is never *positive* because of lack of understanding. I followed budgets of Nawaz gvt and even PPP. During PPP govt media wasn't as hostile as it is now obviously
2.The only positive sentiment you would see in general public is among those who are govt employees(1-16 scale) only if their salaries have gone up significantly. Otherwise u will only hear negative about it from a common man(Any budget). hard 2 make ppl understand that it is...
3.Impossible for govt to actually go backward in the yrs (like a time machine). i.e the commodity(imported) prices cnt b equal 2 Musharaf's time because inflation is a worldwide phenomenon. Every yr price of certain items will go up. Price of doing hajj in 2021 cant be equal 2...
Read 4 tweets

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