urban

iTrader: (1)

Well, what is that ******* Osborne going to hit us with today.

Petrol duty rise will no doubt will be attempted.
****/tobacco/Alcohol are the norm.

Dr Hu

Beer Duty escalator scrapped is the main rumour - about fecking time too!
CAMRA will be pleased.

dpb

His last budget?

RA Dunk

Everybody break out the lube and get ready to get pumped!

ReallyReallyGoodMeat

He says he wants to 'reward work', so:
Minimum wage increase.
Personal allowance increase.
1% reduction in corporation tax.
Some government-funded scheme to subsidise apprentices, that will work as well as the previous job-creation schemes.

As well as:
Reduction in VAT by 2.5% (I can dream)
a cut in overseas aid
a new stamp duty lower band, a rate rise in the higher bands.
alcohol, cigarette duty rise.

Graz

Fecking stamp duty, the whole system needs an overhaul to make it like any other taxation, i.e. spend £260k on a house, pay 1% of £250k and 3% of £10k, but it will never happen as it generates way too much cash for the government. That said it could stimulate the housing market so that they'll get more stamp duty coming in anyway

Aside from that as a family man on a reasonable income I suspect I'll be getting hammered Lost our child benefit so what is next?

scarey

My prediction is that the actual details are irrelevant.

Some people will be better off.
Some people will be worse off.

If you are an MP, or a supporter, of the same party as the Chancellor it will be a good budget. Automatically.

If you are an MP, or a supporter, of a different party to the Chancellor it will be a disastrous budget. Automatically.

It has been the same, every year, for the past fifty years.

As to the budget itself. Mere details.

ScoobyWon't

EFA

Clarebabes

Or they could abolish stamp duty as it's a stupid tax. Why should you pay anything to the Government just for moving house. Sucks! (But I agree with you, it should be the way you say, not the way it is.)

ReallyReallyGoodMeat

I agree, though that hole would have to be filled somehow!
I'd like to see stamp duty proportional to the number of homes you own too, 2x for second home, 3x for third home, etc.

Leslie

If he does have to impose restrictions, why do you think he has to do it?

Do you think it might be because of the gross incompetence of the previous government?

Les

urban

iTrader: (1)

Of course its because of previous incompetence, but................
Most of the folk in this country are pissed off right now.
Cost of living is very high, and I'd guess a lot people have not had too many salary increases in the last 4/5 years.
Fuel prices (including home heating) are a joke
Immigration is probably going to go berserk again soon too

These tossers have been getting away with dodgy expenses for years, second home allowances/travel etc

cookstar

iTrader: (6)

Infected by sti

iTrader: (6)

So how would that effect me then.

I run care homes and have more than 3, at that rate of tax with the number of homes we own which provide tenancies to people with mental health, learning disabilities etc etc would be outrageous! Why should people who own more homes be forced to pay more? What logical explanation can possibly be behind that? If people can afford the homes its probably because they got off their backsides and worked for them, so if they can afford to do it why punish them with even more taxes on what the government currently rapes us of now? The stamp duty is just feckin ridiculous anyway it should be done away with all together IMO, you work to get taxed, anything you buy you get taxed, so basically they are taxin us on wiping our asses with the bog roll you use, them you have to pay tax on anything your family passes on after death, even tho all that money has already been taxed multiple times, its a feckin joke and that is a FACT! And that's just scratching the surface, quick enough to hand out to other countries in need, and put a roof over foreigners heads for **** all, so what about the tramps on the streets that are uk residents? Its bullshît they ain't got a fûcking clue how to run a country bar driving it in to recession and driving everyone in to the ground at the same time, it makes me sick, there will be an uprising before long where everyone will turn against government and if that happens what they going to do?? Nothing because there will be jack shít they can do about it!

ReallyReallyGoodMeat

We have a housing shortage and people are paying ridiculous rents due to lack of mortgage affordability, and young people with no chance of getting on the ladder; one reason being the sheer number of empty second+ houses and buy-to-let owners pushing up prices. Homes should not be seen as an investment vehicle, they are too important to society for that, first and foremost they are for people to live in. Just look at what it's done to some parts of the country, places that are ghost towns outside of the summer months.

As for it about working hard, it's nothing of the sort, many people who own multiple properties (particularly Buy-to-Letters) I'd wager are leveraged to the hilt - see the amount of people that lost millions in the property crisis, looking for what they perceived was easy money.

Infected by sti

iTrader: (6)

Not disputing people can use them as a cash cow to a certain degree, but as you say people are buying them up in sorry states and putting them up for rent, still providing housing back in to society, what would happen if they are left to rot? Are the council gonna cough up to buy them and put them right to be put in to social housing? Doubtful IMO, so if people can't get mortgages and cost of living is going up, which results in people not being able to pay the mortgage, so they end up loosing the house, it goes back up for sale but nobody can buy it because they can't get the funding, so its a vicious circle, so the people who have the Capitol behind them buy them up and rent them out. Also just because someone is renting out a house does not mean they are making profit, far from it not to say everyone that is, but for example houses by me are circa £150k when I bought mine and decided to move I thought about renting it out as a future investment, such as a pension so to speak, but the rental value was nowhere near my mortgage payments, which would result in me paying towards the mortgage, we still decided to pursue it as its our future we are thinking of, not to make a killing. I agree with certain aspects of what you say with regards to using them as cash cows but that does not apply to everyone, and if people are paying over the odds rent to get a house then that's their decision, I think its madness personally.

But with regards to the stamp duty I still disagree

Matteeboy

I know, let's still cling onto an insanely inflated housing market as a "cure" to our economic woes....

On the plus side, corporation tax and beer prices down. Cool. Interest rates for the sensible folk still dismal though. Muppets.

Chip

Tax allowance up to 10k from next year

Tidgy

suposedly i will be 500 up on the year according to the bbc calculator

ScoobyWon't

A 1p cut in beer duty just means an extra 1p for the brewery, the saving won't be passed on to the customer.

dpb

Yes, I can't see that kick starting the housing market 'recovery' benefits anybody but estate agents

Just farcical

f1_fan

iTrader: (9)

That will compensate you for the ever increasing fuel, energy and food prices that a weak economy and pound will bring you.

In 2010 he promised growth, a reducton in borrowing and securing of the AAA credit rating.... whoops!!!

Chip

FFS lighten up you lot, you've never had it so good.

http://www.thisismoney.co.uk/money/n...recession.html

f1_fan

iTrader: (9)

Oh and welfare spending has risen too

Chip

Which shows they are looking after the degenerates as well then

mart360

SORN is now openended & classic VED exemption has been increased to 73

Grace period for cartax renewals 14 days


Mart

RobsyUK

iTrader: (2)

Will there ever be a point when they stop taxing petrol? Every year they say they are freezing it as if it's a good thing.

c_maguire

I just wish somebody would get on with it and make the cuts required to get the ball rolling. At the moment there just seems to be shedloads of people moaning about hardship that hasn't happened. Yet.
The cost of existing is a bit higher than it was 5 years ago. So what, nothing much else has changed as far as I can see. Unless you happen to be inclined to work and have lost your job, then fair enough that's a bum rap, but then again if you happen to be 'handy' and have some gumption about you then you'll find another job anyway.
Probably too many people sailing too close to the wind when the good times were rolling, but that should be their lookout. Tough luck. You cut your cloth to suit. That's the way it always used to be before it was so important to have the latest flavour of smartphone.
And as for those who willingly don't work/have kids they can't afford. Boll#cks to them.
Tax allowances for childcare for couples on a joint income of up to £300K?
What the hell are we doing here? There shouldn't be any benefits for children, let alone this nonsense.

madscoob

iTrader: (3)

of course there will THE DAY MP'S HAVE TO PAY FOR IT THEMSELVES

f1_fan

iTrader: (9)

Let's be honest here, it was an utterly unimaginative budget from a woeful chancellor in a woeful two bit government with an even less effective opposition.

His projections for boorrowing, defecit reduction etc. are far worse from those he made just 3 months ago and I am sure will be continually revised sh1twards as his lack of grip of the basics of what is wrong continues to lead us towards oblivion!

We're fcuked! Well and truly fcuked!