The Budget™ 2009

I'm hoping the car scrapping scheme really comes to fruition, it's a damned good idea.

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.
 
And as per usual, Couples without children who both work will take the brunt of it :(

I really love paying more for people to breed. Please go ahead and have more kids on me. Me and my hard working wife who raised a child and has now left home and is working don't mind paying for your kids. I mean we won't even be bitter that we had to pay to raise our child ourselves.

Oh and why not tax the poor but hard working a little more like you did last time Mr Government? I'm sure they don't mind being worse off to pay for the rich who had a tax cut!

Stupid ****ing idiot government.
 
What makes you say that?

According to The Times it seems to have had its desired effect.

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.
 
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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.

Or do what the CBI wanted and change the VAT rules so companies do have to pay VAT on payments they havn't received. At the moment companies are liable for the VAT once they've sent an invoice.

I just know tax on pre march 2000 cars will be going up. I suspect all the usual duties will go up, I doubt they'll touch income tax since it caused too much trouble last year.

There will be lots of gimmics, £5000 subsidy for cars you can't buy (and most people wouldn't want to).

I'd be interested if they really manage to cut £15bn, or if they'll just use smoke and mirrors.

EDIT: Just had a look at the Time article. £500m green stimulous, oh dear.
 
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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. :mad:
 
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. :mad:

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.
 
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.

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...

But they won't. They'll just up the basic rate to 25% or something stupid and stiff the lower earners.
 
They should just scrap the 20% band altogether and increase the personal allowance, considering the top few % of earners pay something like 98% of the tax anyway.

A tax cut that reduces overall government income. Who would have thunk it? ;)

The inevitable consequence however is a longer term tax increase, I can imagine vat going upto 20% to try to claw back the money.
 
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I'd like them to put up the higher rate to 45%, or introduce a 60% bracket for 100k+ earners or something...

They are already introducing a 45% income tax band for people earning over £150k (I think?). Due to come in from April 2010 I think, if the Conservatives don't scrap it.

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. The government also said that VAT would need to rise (from 17.5%), probably to 18.5% some time next year when the economy has recovered and no longer needs the stimulus. What's the betting that when that day arrives the same people who are saying "OMG cutting VAT is pointless!" will be saying "OMG raising VAT is killing us!"? ;)
 
Yes, the government said it was a temporary VAT cut whose purpose was to stimulate the economy, which it seems to have done.

Not really, the flawed figures show a tiny increase in revenue compared to the tax defecit it has created, it's to be expected that revenue will increase with large interest rate drops and huge sales. Considering the large number of shops that didn't pass the cut onto customers it's going to be as if there was no vat drop and only a raise when the rate is increased.
 
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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.
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.
 
I would like to see more deserving people hit for tax rather than people who are squezzed dry at the minute.

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 ? Levy him with a £100 surcharge to go straight back into NHS funds. Tot all similar cases up over a year and a lit of money could be put back into the system.

I would like to see the car scrappage sheme introduced.

It is also time for a drastic cut in the welfare bill. There are too many people who won't work rather than can't.

As controversial as it may sound, I wuld also like to see foreign aid slashed until we get on an even keel again. Get the UK house in order before funding anyone elses.

Red tape for the private sector slashed so businesses can get on with stimulating the economy. It is the private sector that creates wealth, not the public sector which Gordon Brown has increased to state monolith proportions.
 
Is there any need to pay child benefit to a couple earning, say, over £70,000 a year ? That could save taxpayers money.

Better yet, scrap it altogether. Taxpayers shouldn't be paying for other people to have children. What next, pet benefit?

Why should Joe Smith who has been admitted to A&E for punching a window out while drunk get free treatment on the NHS ?

He didn't get free treatment, he paid tax, unless you give people the option of not paying for the nhs you can't refuse treatment.
 
I blame the Muslims!














*disclaimer* statement is for comic effect only. no muslims were blamed in the making of this post.
 
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