Today's Budget

[vRStu]

Anyone else think they'll be hugely effected by the rumoured changes to our economy??

It seems widely reported that VAT will increase to 20%.  That is going to add best part of £800 to the price of my new car 

[Hedge]

I'm sure the usual suspects will get slipped a length like petrol, fags and booze.

[vRStu]

Yeah, sadly I think that almost goes without saying to be honest Ian.

[vRS Carl]

I'm all for Fags & Booze being increased as they cost the NHS a fortune in medical care. That's not meant to offend anyone who drinks or smokes. It's just my opinion.

I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.

I think they should scrap benefits for any household that has more than a certain income coming in (say £40k pa)

The country needs to remember who has put us in this position and it didn't matter who won the last election they had an awful job to sort this out.

It says something when the Osborne was left a note by Darling as a handover that simply said "Money - There isn't any!" 

[neg]

Lets bend over and wait for it.....

[Boothy]

As a public sector worker I'm likely to get raped by the budget. Not looking forward to it at all. 

[andrewparker]

Drinkers of strong cider beware!

[scotta]

I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.

You do realise that the Government bought shares in the banks and have now actually made a profit on the money they put in due to the market recovery in the share price? If you levvied 85% profit tax on the banks their share price would collapse and the government would loose all the money they put in, as opposed to the current situation where thier investment is now worth more.

[vRS Carl]

I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.

You do realise that the Government bought shares in the banks and have now actually made a profit on the money they put in due to the market recovery in the share price? If you levvied 85% profit tax on the banks their share price would collapse and the government would loose all the money they put in, as opposed to the current situation where thier investment is now worth more.

That's why I'm not chancellor 

[neg]

I just heard the words 'quarter of a trillion'

I think there just making these things up, I'm waiting for Dr Evil to appear!

 

[neg]

VAT is to rise to 20% from 04.01.11

I am suprised they did this, I know there were talks but I didnt expect them to do it.  Although a cheap way of trying to get more money easily I suppose - is it likely to ever come back down....

[vRS Carl]

Surprised at no increase on Fuel, Tobacco, and Booze. They also scrapped the cider hike

Good to see they have linked pensions to earnings

Income tax threshold raised by £1k from next year

[S2 Ant]

Surprised at no increase on Fuel, Tobacco, and Booze. They also scrapped the cider hike

Good to see they have linked pensions to earnings

Income tax threshold raised by £1k from next year

Dont forget tho that the VAT increase effectively puts fuel up by just over 2p per litre when it comes in anyway. Same for the other items.

[vRS Carl]

 Im gobsmacked that some people get £104,000 a year in housing benefit 

Or equivalent to tax and national insurance contributions of 16 people on median income

Who the fook needs that much

[vRS Carl]

I'm moving to Norway

They don't have any debt and actually make a profit of 153% of GDP