Christmas Tree 4734 Posted March 23, 2011 Share Posted March 23, 2011 Yet again another brilliant budget from George. Definitely restoring the health of this great country. A+ Link to comment Share on other sites More sharing options...
ewerk 30714 Posted March 23, 2011 Share Posted March 23, 2011 Yet again another brilliant budget from George. Definitely restoring the health of this great country. Aye, the downgrade in economic growth forecasts for the next couple of years really filled me with confidence. Link to comment Share on other sites More sharing options...
McFaul 35 Posted March 23, 2011 Share Posted March 23, 2011 How much has went on beer and tabs? Link to comment Share on other sites More sharing options...
ewerk 30714 Posted March 23, 2011 Share Posted March 23, 2011 Nowt on drink, 2% above inflation on fags. Link to comment Share on other sites More sharing options...
LeazesMag 0 Posted March 23, 2011 Share Posted March 23, 2011 Nowt on drink, 2% above inflation on fags. what about petrol ? Has it gone down ? Link to comment Share on other sites More sharing options...
ewerk 30714 Posted March 23, 2011 Share Posted March 23, 2011 1p off,, we can all sleep a bit sounder tonight. Link to comment Share on other sites More sharing options...
Renton 21685 Posted March 23, 2011 Share Posted March 23, 2011 Fuel stabiliser sounds like a good idea. However, the downgrade to growth predictions cancels out anything really good in this budget, and I suspect they're still being far too optimistic. Also it doesn't matter what Gideon Osbourne does, he will always come across as a smarmy cunt, which he is of course. He literally makes my skin creep. Link to comment Share on other sites More sharing options...
Rob W 0 Posted March 23, 2011 Share Posted March 23, 2011 Banks and Oil companies dinged You can give 10% of your estate to good causes and reduce your inheritance tax all sorts of weird relifs for new business more The key points of Chancellor George Osborne's Budget on 23 March 2011. FUEL, CIGARETTE AND ALCOHOL DUTIES Fuel duty to be cut by 1p per litre from 1800 GMT Planned 4p per litre rise due in April to be delayed to 2012 Annual fuel duty escalator to be scrapped until 2015 VAT on fuel will not be reduced No additional changes to alcohol duty rates Tobacco duty rates up by 2% above inflation, duty regime to be reformed INCOME TAX No personal tax increases Personal tax allowance to rise a further £630 to £8,015 in April 2012 Consultation on long-term plan to merge income tax and National Insurance 50% top rate of tax to remain but review of how much it raises UK ECONOMY 2011 growth forecast downgraded from 2.1% to 1.7% 2012 forecast also down from 2.6% to 2.5% Inflation set to remain between 4% and 5% in 2011 BORROWING Forecast borrowing of £146bn this year, £2.5bn lower than anticipated Borrowing to fall to £122bn next year, dropping to £29bn by 2015-16 National debt forecast to be 60% of national income this year, up to 71% in 2012 OTHER TAXES AND ALLOWANCES Council tax to be frozen or reduced this year in every English council 10% discount on inheritance tax for people leaving 10% of estate to charity Rise in air passenger duty to be frozen this year Private jet users to pay passenger duty for first time Levy on so-called "non-doms" up to £50,000 for those resident in the UK for 12 years Tax avoidance clampdown to raise £1bn this year Support for families in the south-west of England with water bills HOUSING Government-backed shared equity scheme to help 10,000 first-time buyers HELP FOR BUSINESS Corporation tax to be cut by 2% in April, not 1% as previously planned Bank levy to be adjusted so banks do not pay less tax as a result 43 tax reliefs to be scrapped as part of simplification of tax code £350m of business regulation to be scrapped No new regulation on firms with fewer than 10 staff for three years Business rate relief holiday for small firms extended for another year New rules to require planners to prioritise growth and jobs £100m funding for science facilities 21 "enterprise zones" to be launched, backed by tax incentives JOBS AND SKILLS Funding for 12 further university technical colleges 40,000 new apprenticeships for young people out of work Funding for 100,000 work experience placements PENSIONS Accepts Hutton review of reform of public sector pension contributions Long-term aim for £140 a week flat-rate state pension - not to apply to current pensioners TRANSPORT £100m for repairing potholes in England £200m support for regional railways in England GREEN MEASURES £2bn extra funding for Green Investment Bank - to launch in 2012 Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 23, 2011 Share Posted March 23, 2011 Corporation tax to be cut by 2% in April, not 1% as previously planned £350m of business regulation to be scrapped Cut taxes and cut regulation for the fuckers. still... £100m for repairing potholes in England ...at least there'll be less potholes for the CEOs driving their Jags about. Link to comment Share on other sites More sharing options...
Christmas Tree 4734 Posted March 24, 2011 Author Share Posted March 24, 2011 Corporation tax to be cut by 2% in April, not 1% as previously planned £350m of business regulation to be scrapped Cut taxes and cut regulation for the fuckers. still... £100m for repairing potholes in England ...at least there'll be less potholes for the CEOs driving their Jags about. Surely you understand the benefit to us all of making corporation tax as low as possible. And I can assure you that its the like of Taxi drivers and hauliers that are far more bothered about pot holes than CEO's. Link to comment Share on other sites More sharing options...
Christmas Tree 4734 Posted March 24, 2011 Author Share Posted March 24, 2011 Dont know what happened to special ed either......He was like a madman. Link to comment Share on other sites More sharing options...
NJS 4391 Posted March 24, 2011 Share Posted March 24, 2011 Surely you understand the benefit to us all of making corporation tax as low as possible. So you don't accept your glorious leader's view that being over business friendly and regulation shy was Labour's big mistake? Link to comment Share on other sites More sharing options...
Christmas Tree 4734 Posted March 24, 2011 Author Share Posted March 24, 2011 Surely you understand the benefit to us all of making corporation tax as low as possible. So you don't accept your glorious leader's view that being over business friendly and regulation shy was Labour's big mistake? Not sure what your on about. What Im on about is that low corporation tax encourages foreign firms to set up here rather than elsewhere (like your Nissans etc). More firms, more jobs. Link to comment Share on other sites More sharing options...
Christmas Tree 4734 Posted March 24, 2011 Author Share Posted March 24, 2011 (edited) Here is the usual "Are you better off calculator" for your pleasure. http://www.bbc.co.uk/news/business-12773565 Edited March 24, 2011 by Christmas Tree Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 24, 2011 Share Posted March 24, 2011 Surely you understand the benefit to us all of making corporation tax as low as possible. So you don't accept your glorious leader's view that being over business friendly and regulation shy was Labour's big mistake? Not sure what your on about. What Im on about is that low corporation tax encourages foreign firms to set up here rather than elsewhere (like your Nissans etc). More firms, more jobs. Some have said that deregulation was a contributing factor in the current financial crisis. Those 150% mortgages at 5 times salary weren't ever going to be paid back, but deregulation meant they were pushed on the public with gusto. Link to comment Share on other sites More sharing options...
Christmas Tree 4734 Posted March 24, 2011 Author Share Posted March 24, 2011 Surely you understand the benefit to us all of making corporation tax as low as possible. So you don't accept your glorious leader's view that being over business friendly and regulation shy was Labour's big mistake? Not sure what your on about. What Im on about is that low corporation tax encourages foreign firms to set up here rather than elsewhere (like your Nissans etc). More firms, more jobs. Some have said that deregulation was a contributing factor in the current financial crisis. Those 150% mortgages at 5 times salary weren't ever going to be paid back, but deregulation meant they were pushed on the public with gusto. All water under the bridge now and not sure how this point relates to corporation tax being reduced? Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 24, 2011 Share Posted March 24, 2011 Here is the usual "Are you better off calculator" for your pleasure. http://www.bbc.co.uk/news/business-12773565 Just the 20 odd quid a month from the base rate tax hike for me. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 24, 2011 Share Posted March 24, 2011 Surely you understand the benefit to us all of making corporation tax as low as possible. So you don't accept your glorious leader's view that being over business friendly and regulation shy was Labour's big mistake? Not sure what your on about. What Im on about is that low corporation tax encourages foreign firms to set up here rather than elsewhere (like your Nissans etc). More firms, more jobs. Some have said that deregulation was a contributing factor in the current financial crisis. Those 150% mortgages at 5 times salary weren't ever going to be paid back, but deregulation meant they were pushed on the public with gusto. All water under the bridge now and not sure how this point relates to corporation tax being reduced? Water the Tories hammered labour for. It relates to the deregulation promised, which I quoted from robs overview. Link to comment Share on other sites More sharing options...
NJS 4391 Posted March 24, 2011 Share Posted March 24, 2011 Surely you understand the benefit to us all of making corporation tax as low as possible. So you don't accept your glorious leader's view that being over business friendly and regulation shy was Labour's big mistake? Not sure what your on about. What Im on about is that low corporation tax encourages foreign firms to set up here rather than elsewhere (like your Nissans etc). More firms, more jobs. See HF's reply on Labour and deregulation. The tax reduction isn't bad for British business but will make no difference to the big boys thanks to a change your mates have alreasy made. Previously if a notionally UK firm like Barclays brought money from abroad from a country with a lower corporation tax rate than the UK they had to pay the difference to make it up to the full UK figure. Osborne changed this, handing further millions "back" to them in tax they won't have to pay so excuse me while I sneer when the shitbag talks about "tackling tax aviodance". Link to comment Share on other sites More sharing options...
Matt 0 Posted March 24, 2011 Share Posted March 24, 2011 Yet again another brilliant budget from George. Definitely restoring the health of this great country. Impressive that you can tell it's a hugely successful budget already- you should get a job as a fund manager somewhere with that sort of instant insight. Link to comment Share on other sites More sharing options...
Phil 6 Posted March 24, 2011 Share Posted March 24, 2011 I was glad to see the promise of a 10k tax allowance is still being keep. There were also lots of small steps to get rid of red (ironic) tape Was anyone else miffed at hearing several Labour MPs harping on about VAT rise. The cheeky feckers. Link to comment Share on other sites More sharing options...
Holden McGroin 6635 Posted March 24, 2011 Share Posted March 24, 2011 What a fucking grade A bellend this bloke is: Linky Link to comment Share on other sites More sharing options...
JawD 99 Posted March 24, 2011 Share Posted March 24, 2011 I'm fairly neutral to the budget. Personally around £350 a year better off (using thath somewhat vulgar calculator). The business gains on corp. tax but they (rightly tbf) increased the fuel rate by 5p <10000 mile which costs me another £500 per year per company car. The fuel cost 1p is a gesture that wont be noticed and the VAT increase (which I support) makes no difference as I claim VAT back anyway. Link to comment Share on other sites More sharing options...
Renton 21685 Posted March 24, 2011 Share Posted March 24, 2011 What a fucking grade A bellend this bloke is:Linky He's a tory stereotype from a shit sit com. Was listening to 5 Live today and they were struggling to get anyone on the phone to say this had been a good budget for them. Link to comment Share on other sites More sharing options...
Phil 6 Posted March 24, 2011 Share Posted March 24, 2011 Has it been a bad budget for anyone? Link to comment Share on other sites More sharing options...
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