PhilMcAvitie

Pretty much guaranteed to kick start the Economy.

Don't know what you hope for or predict?

My prediction would be a cut in VAT - maybe to 15%? Certainly to 16%!

Raising of Tax Allowances and moving the NI in line.

Cash ISA limit to raise to £5000 a year from £3600 now (although saving is not what is really desired).

Tax Credits will be boosted, the low paid tend to spend everything they get.

Any other guesses?

Of note is that the speech will be at 3:30pm - too late for the papers to hit their deadlines with the detail.

I'm sure it will shock people with its generosity.

speye91

PSL.

PaulC72

If they reduce VAT how can they inforce that? I think there will be alot of shopkeepers not passing on the saving.

Boro

iTrader: (1)

VAT?

dpb

Basically anything they can think of to keep the electorate on-side

renny

iTrader: (2)

Sums it up nicely.

J4CKO

iTrader: (1)

Yes, what a load of old crap, tax cuts to stimulate the economy my ****.

They are borrowing Billions to pay for their immigration policy, their wars and paying for 100 grand a year incompetent council "Managers", earlier this year they were still looking for ways to bugger a few more quid out of the working and middle classes and now they say that they are giving some back.

Does not add up, it smacks of, give them a few quid back and leave a mess for the Tories or if by some freak of chance we do win, well we can cross that bridge when we come to it and we will have a few years to bury it and proceed further with our persecution of anyone who earns decent money and owns, shock horror, a car over 900 cc.

Tam the bam

IIRC VAT went up from 15% to 17.5 to cover the poll tax deficit, christ they must have made a ****load more than the PT deficit back, but continued to gather it + still hound PT non payers nearly 15 years after it's abolition, This country is run by scum and probably always will be!

PhilMcAvitie

I don't want to cause a Political war, but how can anybody, anywhere, wish that the Tories were in control of the UK ship at a time like this? As Brown said, it's a time for men - not boys.

NACRO

Anything they give back will be taken back tenfold in any case.

Expect 25 percent tax rate and sky high interest rates after a couple of years to pay for all this.

It won't make anything more than a modicum of difference to the problem anyway.

kingofturds

iTrader: (1)

expect 22.5 vat rates after the election to pay for this bollox

zip106

So when things get back to 'normal' (if ever they do) then when all this ^^ is implemented we'll be back to where we are now.
Brilliant.
Just feckin' great.

PhilMcAvitie

If this giveaway doesn't work we are indeed in a massive pile of smelly stuff!!!!

OllyK

I'll bet that as a couple with no kids on a middleish income, we'll get the square root of FA. Anything you do get, put in a high interest account (if you can find one) as it may go about 10% of the way to covering the hikes in tax that will come in after the next election if NL get back in, and probaby even if the Tories do.

OllyK

Counts Brown out then, he isn't even human. If somebody smashes your car in to a tree, you don't trust them to recover the car and fix it, you get somebody else in.

tanyatriangles

iTrader: (2)

Come on Pete, <<cough>> sorry, Phil<<cough>>, you CAN'T seriously still be spouting this same old bollox?

Brown has almost single-handedly destroyed this country's economy, we are in for the deepest recession of any European country, and you want the same tw@ to get us out of it?

PhilMcAvitie

Using your analogy;

A car thief has smashed most of the cars on the planet ..... we need the registered keepers to fix them again, if that keeper also happens to be a worldwide recognised motor engineer, then thats what we want!

What you don't want is some non-mechanic apprentice boy trying to fix it!

Leslie

As I understand it, our national debt is around £640 billion! And they want to keep borrowing to enable this financial stimulus or whatever it is called. How can they justify increasing their already extremely wasteful and very high government spending which has already put this country well on the back foot financially. These borrowing debts will take taxpayers years and years to repay. The financial stimulus can only last so long anyway, maybe until he calls a snap election, and then watch how the taxes will increase!

Pull back goverment spending except on the vital necessities I reckon.

Les

EddScott

Free parking at Toys R Us?

Thats about the only tax cut I'll be looking at on Monday when we perform the annual "Who has the most tat in the trolley for thier little princess" game.

Eddie1980

Were going under!!!

mykp

I am really, really suspisious of any tax cuts offered by this government, or any government to be honest. They might give us something in the short term but we'd all better be prepared to bend over and take a good shafting in the long term when they need to get all these cuts(money) back....

Martin2005

Short term stimualous will obviously have to be paid back in the future by higher taxes when the economy recovers.

I find strange that people constantly refer to taxation as something that is 'done to them', by a government that 'wants their money'. There is of course a balance to be struck, but trying to devorce the paying of tax from the requirements that governments have on our behalf, is a bit odd.

tanyatriangles

iTrader: (2)

Would that be the "requirement" to involve us in two wars on behalf of the USA who, as usual, give us **** all?

Or the "requirement" to fund Scottish children to go to university, while English kids have to pay?

Or the "requirement" to enter into a treaty which allows the USA to demand British citizens are sent over there to be prosecuted, while we can't demand the same of US citizens?

Or the "requirement" to be one of only THREE EC countries that actually opened their borders to all EC workers, sans restrictions? The othet two being Sweden and Ireland, both of whom NEEDED a huge influx of cheap workers.