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UK politics - Hamsterwheel

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UK politics - Hamsterwheel

Old 21st Jun 2010, 16:31
  #1441 (permalink)  
 
Join Date: Oct 2005
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canít spend money I donít have, or afford to borrow. I, like every working man and woman have to live within my means or go bankrupt.
Wot? No mortgage then?
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Old 21st Jun 2010, 16:44
  #1442 (permalink)  
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I see they've announced that we've spent £20bn (more to come) on wasting lives in two pointless wars, apparently for the benefit of the USA.

Perhaps our Pres.... sorry, Prime Minister could fine them that amount?
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Old 21st Jun 2010, 20:13
  #1443 (permalink)  
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Maybe there should be a referendum as to whether we should persist with our interference in Afghanistan?

BBC News - 300th soldier killed in Afghanistan
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Old 22nd Jun 2010, 12:17
  #1444 (permalink)  
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VAT to rise to 20% from 4th January 2011 . . .

Cider duty increase abandoned with immediate effect . . .

Capital Gains Tax will increase to 28% for higher rate earners, lower rate earners stays at 18%.

Personal income tax allowance to rise by £1000 from next April.

Child Benefit frozen for next three years.

Last edited by G-CPTN; 22nd Jun 2010 at 12:29.
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Old 22nd Jun 2010, 13:13
  #1445 (permalink)  
 
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Will that stop children spending their money on Cider?.
He left Tabs alone so the guy is ok with me,
Summat that always struck me as strange, the sellers of snide ciggies always put their prices up at the same time as the Chancellor.
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Old 22nd Jun 2010, 13:29
  #1446 (permalink)  
 
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With the exception of vat, I'm actually better off from this budget. Gotta be honest, I wasn't expecting that at all.
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Old 22nd Jun 2010, 13:32
  #1447 (permalink)  
 
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Sprogget

it will be interesting to see what the VAT increase actually means in real terms, as it is a 2.5% hike in tax on a large part of everyday life.
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Old 22nd Jun 2010, 13:36
  #1448 (permalink)  
 
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Yes, I did wonder if they would push the nuclear button & extend it to food, stamps, books etc. probably could do without riots just now.

Since we've known it was coming for a while, we've been looking into it at work, the consensus being bad luck if you were planning a new sofa, telly or washing machine or any other hefty priced consumer item.
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Old 22nd Jun 2010, 13:42
  #1449 (permalink)  
 
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Apart from the VAT rise I think it was fairly tame.
I was expecting MUCH worse news.
I suppose the Libs held things back a bit?
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Old 22nd Jun 2010, 13:42
  #1450 (permalink)  
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I calculate the increase in prices to be 2.13% . . .
(or 2.1276595744680851063829787234043%)
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Old 22nd Jun 2010, 13:45
  #1451 (permalink)  
 
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Is that to the nearest decimal point G-CPTN?
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Old 22nd Jun 2010, 13:49
  #1452 (permalink)  
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Within the limits of the Microshaft Calculator.

The reduction to 15% was 2.1276595744680851063829787234043%

Did we notice a significant difference in the cost of living?

I'm suspicious of the similarity of the results . . .
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Old 22nd Jun 2010, 14:57
  #1453 (permalink)  
 
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Good news for businesses with the reduction in corporation tax and increase in the employer's NI threshold. Makes a difference and is much appreciated.
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Old 22nd Jun 2010, 15:42
  #1454 (permalink)  
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I noticed he scrapped the "Euro preparation team" in the treasury, when did the last lot announce we were joining the Euro?
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Old 22nd Jun 2010, 16:22
  #1455 (permalink)  
 
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One is rather surprised to end up a little up on this. Increase in basic tax free rate means more of me pension ends up in my pocket. Company I have in the UK managing property seems likely to end up about even or slightly better off.

Of course, living abroad, VAT has very little effect on us.

One thing many Brit expats have been worried about is possible plans for non-residents in the UK to pay income tax on income over a certain level. The Cousins have this sytem. Levels go up but currently they pay tax on income above around $90K.

First thoughts are this is a budget that had to be done and I think people were expecting it. Big Government HAS to control public expenditure.

On the surface, it seems that Civil Serpents will be the big losers. Will we be seeing them taking to the streets and seeking pubic sympathy for their plight?
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Old 22nd Jun 2010, 16:40
  #1456 (permalink)  
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Wonder how many maxed out their plastic on booze, fags, and a tankfull before it happened?

Seems an all round sensible Budget, continuing the theme of doing more I approve of than not. Won't last though.
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Old 22nd Jun 2010, 17:10
  #1457 (permalink)  
 
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Out of interest, anyone know the origins of the glass of Scotch by the despatch box on budget day?
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Old 22nd Jun 2010, 17:29
  #1458 (permalink)  
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Budget Tipple:-
According to Budget Day tradition, the Chancellor is allowed to sip from a glass of his favourite drink while he reads his speech.
Called the Budget Tipple, it is the only time that an alcoholic drink is allowed in the Commons chamber.
Many past chancellors have made the most of their opportunity to enjoy something stronger in front of envious MPs.
Benjamin Disraeli is said to have had a brandy with water, while his Victorian rival, William Gladstone, preferred sherry with a beaten egg.
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Old 22nd Jun 2010, 18:41
  #1459 (permalink)  
 
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It doesn't seem to have gone far enough, and I'd be surprised if there aren't some unpleasant little surprises in store. The CGT increase was unwelcome but foreseen - I'd have enjoyed a few quangos and fake charities being read their last rites to take the sting out of it.

SO
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Old 23rd Jun 2010, 10:16
  #1460 (permalink)  
 
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It's the 25% cut in Government departments that is the unknown quantity. I really can't see how you can make a cut of that magnitude without drastic effects.I am quite happy to give the benfit of the doubt until it is proved otherwise.I can understand the LD's being very uncomfortable with this though with the VAT bombshell election campaign.
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