Let's hope the VAT goes back up to 17.5%.. what a complete waste of money that has been.
I'm hoping the car scrapping scheme really comes to fruition, it's a damned good idea.
And as per usual, Couples without children who both work will take the brunt of it![]()
Hoping for an increase in the ISA allowance.
The government would have been better just giving the businesses the money themselves, until the revenue increases by more than £12.5 billion, it was a waste of money.
If I find that the only way to qualify for the £5,000 is by buying a Vauxhall, there's going to be blood on the streets.![]()
Assuming that the figures are even correct and the vat cut was responsible for an increase in revenue (the source is biased and their methods are questionable to say the least), how is a £2 billion revenue increase for a tax cut costing £12.5 billion a sucess? The government would have been better just giving the businesses the money themselves, until the revenue increases by more than £12.5 billion, it was a waste of money.
Erm, I think it means you're going to have to spend £20k on a Vauxhall. So it'll only work out £3k more then a normal Vauxhall, or £14,999 pounds more if you buy a year old Vectra.
A tax cut that reduces overall government income. Who would have thunk it?![]()
I'd like them to put up the higher rate to 45%, or introduce a 60% bracket for 100k+ earners or something...
Energize said:The inevitable consequence however is a longer term tax increase, I can imagine vat going upto 20% to try to claw back the money.
Yes, the government said it was a temporary VAT cut whose purpose was to stimulate the economy, which it seems to have done.
Not at all. I haven't bought a brand new car because they're over priced and I don't want too. If I can get £2,000 from the government, or even a further £5,000 to buy a brand new electric car, I will do so.If people drive a £500 Mondeo they drive it because they choose to or have no choice but to, they will not find another £12,000 to buy a brand new Mondeo.
Is there any need to pay child benefit to a couple earning, say, over £70,000 a year ? That could save taxpayers money.
Why should Joe Smith who has been admitted to A&E for punching a window out while drunk get free treatment on the NHS ?