How has today's budget affected your personal finances.
Well I am glad Trev that this Budget has not had any " pastie " taxes imposed.
I am fully in support of the tax threshold for the poorer in society. So that apparently will take 2 million out of tax all together. I would have liked to see it set at but it is a rise all the same on what it was. So I and many others will be better off.
No fuel rise in September is obviously a good thing, but fuel is as high as it is simply because of the taxes imposed on a litre of fuel. The beer duty escalator is going to be axed and the proposed 3p a pint increase has been scrapped along with a 1p a pint reduction. Unfortunately this Government along with the last Labour Government have succeeded in decimating the pub industry with over pubs closed in the last decade alone. A 1p reduction in beer duty will not make a jot of difference to the man on the street, or to the public houses out there struggling to survive..
The house building programe is certainly long overdue but whether it will be enough to kick start the economy I am unsure of. This budget I believe will do very little for growth. This is this Governments 4th Budget and every year growth has been down.
It is possibly a downgraded Budget from a downgraded Chancellor, taking a comment from Ed Milliband after the budget speech. Ed Milliband actually had a brilliant post budget speech, and made Osbourne look like the numpty he really is. Virtually every single comment Osbourne has made has come back to haunt him as his constant predictions have been proved to be Milliband proved today that he is indeed ready and able to be this countries next PM.
Did anyone see Cameron shifting awkwardly on his arse when Milliband was asking him about the 50p rate of tax and did it include him or his Misters? Cameron and his Ministers wanted a hole to swallow them up, what an embarrassment this Tory Government are. Take from the poorest and give the millionaires huge tax breaks.
One last thing which confuses me, WHY is overseas aid protected?! We are SKINT!
Ed Miliband is incompetent.
That's why the country is in the mess it is today.
The deputy leader of the Labour Party thought so too by all accounts. Most of the time her boss was on on his feet, she looked like she was sucking a wasp!
It was clear he wrote the animations to his reply before he heard the Chancellor's statement. You couldn't really call it a speech. It was an abomination and I've seen better speeches made by 10 year olds in primary school debating society competitions.
You're not Miliband's speech writer are you star because much of the weak rhetoric that he espoused was remarkably similar to the diatribe we all suffer when reading the very finest of your political mumblings. Perhaps you try out his pathetic doctrines on us poor unsuspecting forumites first to gauge effect?
The real measure of effect on the economy is not Miliband but the markets which have shown improvement since the Chancellor retook his seat.
Labour still can't get it through their thick skulls that the tax take from millionaires is higher in every year of the alliance government from reducing their tax rate, rather than the bull in a china shop approach of hitting millionaires with a higher rate of tax which just encourages them off-shore.
And the cheap ploy of pointing at the government front bench and trying to goad them into admitting their wealth... Well, words fail me. That's why they ignored Miliband. He's not worth wasting the extra calories it takes to make facial expressions. Krug is quite expensive, after all.
Dreadful performance from a dreadful bunch of idiots who still can't apologise for the mess they left the country in.
well...total damp squid to me.....not alot of change..and I'm sorry but I do see this government presiding over the first ever triple dip recession !!!...what I wanted to see was something to kickstart the economy. Sometimes you have to speculate to accumulate as they say. If we decided to build a few more schools or hospitals etc..(and by god we need them)....then people would be in work and not claiming benifiets....oh and paying tax !! That would make the money back that we were spending, and start to move the economy.
Private enterprise are not going to be spending, until they see people have money in their pockets to buy their goods.
Yes this is spending....but it is spending that pays us back !!!
There is a lot to be said about getting the construction industry moving as there are so many ancillary and connected businesses that will also benefit.
I dont agree with much that George Galloway says but he was absolutely correct when he said that it is the ordinary working person spending their money locally that will take Britain out of recession. Therefore reducing the tax burden and targetting areas of industry that employ many people on regular salaries (like construction) is a step in the right direction.
There is a glut of money sitting in the bank accounts of companies who are refusing to invest their capital. Approximately 790 billion from all accounts. this is 3times as much as 10 years ago.
So to get the economy to move we need to make it healthy for companies to invest their capital and that way employ more people which will invariably put more money at street level.
These so called Tories in government do not know how to get businesses working and are appearing to make short term decisions to please the masses instead of targeting the problems that are preventing this investment.
This is the problem...very much. I have just had shall we say a healthy windfall from my first morgage....upon which I had a indowment on. Question is do I spend it...I could do with some new windows....and kitchen for example.....or should I just stick it away incase a rainy day comes along. Three years ago I was made redundent, and thou only out of work for two months in the end, it was a shock to the system. If only I had more faith, in the economy, I would be spending my money....as it is i shall be stashing it away !!
Ah someone it seems that does not want to be part of the Gang.:bounce: