Assessment of UK autumn budget

The truth is every change in government except the 1997 labour win appears to have inherited a financial black hole. The only difference is how you decide to fund these figures which politicians seem to make up on the spot.
One could argue that given the state of finances in 2010, and the cost of the Covid crisis, and Brexit, the last government did a reasonable job at keeping it to 22bn.
History will tell us it’s the world financial situation that has the highest affect on national finances.
My biggest upset with a son who wished to take over my father’s farm is that the change in inheritance tax relief will cause most small family farms to become unviable. For a farm to be viable you need over 500 acres, and with land prices at 10k an acre within machinery being so expensive even a 50 acre farm with a decent yard is going to go over the threshold, Despite what the chancellor claims. Of course the big business landowners, who they initially claimed to be targeting will find ways around it as they always have. The small asset rich but cash poor farms will be potentially wiped out by this policy that is clearly aimed at the less well off end of the market. As the only way of ever paying it is to sell land.

It's a reactionary budget and a reactionary government, in the strict sense of that word. It seems as if we are going back to the late 1960s. If that's what you want, fair enough.

And I'm sorry, but what on earth is the relevance of Reeves being the first female Chancellor? Any more than it is relevant that Badenoch is the fourth female leader of the Conservative Party. Haven't we grown out of that?

The losers:

Anyone holding shares (great for investment in the Country), farmers, inheritance tax payers and increased NI payment which will no doubt be passed down to employees.

Only time will tell. I tend to side with the sceptics who think that wages of employees of SMEs will stagnate, inflation will rise again as SMEs are unable to absorb the increased costs of NMW and Employers' NI and raise prices. Look forward to the £10 pint.

With Social Care and GP surgeries not exempt from those same rises, staff numbers will be cut - with some surgeries and homes predicted to close in the short-term - adding pressure back on to the NHS, with elderly patients unable to be discharged from hospital.

Well Reeves was on a hiding to nothing the second she took the job.
There never was a magic button to fill the hole in the economy.

Labour's 'deceit' was that they had BOTH eyes on the prize of government while not being entirely honest on just how they would address filling such a hole without upsetting somebody.

The fact Reeves chose to upset everyone as equally as she could rather than pick on sections of society that wouldn't vote Labour at any price (the traditional Tory route) to rinse for the lions share, was pretty good.

The IMF and the bank of England seem 'relatively' happy but both are worried that any growth in the current Parliament is unlikely.
And it's how you move on from that position to one of better investment in the UK that occupies most independent economic thinking.

on my day we only cared about the price of booze and cigarettes, well this time draught beer wet downin tax, amazing and tobacoo up

They've come on for criticism because they didn't make the case for tax rises. In fact they said they were not going to do any.

However, I support this budget.

Honest.