The Budget™ 2009

[muon]

Interesting fact I found today. The average age of a car in the UK is 7 years compared to 8.5 in Germany.

- That either means, new cars in the UK are cheaper
- Second hand cars are too expensive (so private sellers hold values too high). Trade sellers are driven by profit and since the market is fairly competitive I can't see trade sellers being the problem.
- The problem of asymmetric solution is higher in the UK (general public know less about cars, second hand cars are genuinely looked after worse, or there are less systems in place to help second hand buyers)

Anyone need an idea for a thesis or paper? This recent scheme would be perfect to study as well.

 

[Edinho]

The economy to be +1.5% next year. Jesus Christ i've never laughed so hard.

 

[muon]

The economy to be +1.5% next year. Jesus Christ i've never laughed so hard.

Yeh such a huge overestimation. I don't understand how their figures vary so much compared to the BoE. Just goes to show that giving the BoE independence was one of the best things that could have been done.

 

[elroberto]

The economy to be +1.5% next year. Jesus Christ i've never laughed so hard.

It gets better. 3.5% the year after that. Absolute clowns.

 

[LOAM]

well they've realised they cant buy their way out so they are trying to lie their way out "nothing to see here, move along"

 

[Edinho]

Only good thing to come out of it for me is the £5100 allowance for cash ISAs. But 0.5% on £5100 isnt exactly attractive but good for topping up a tax free nestegg for the future. Until they realise 10 years dwon the line that people have 100k in tax free savings and change it.

 

[elroberto]

Only good thing to come out of it for me is the £5100 allowance for cash ISAs. But 0.5% on £5100 isnt exactly attractive but good for topping up a tax free nestegg for the future.

Only good thing for me was the increase in duty on booze and petrol...oh wait.

 

[Raumarik]

Only good thing to come out of it for me is the £5100 allowance for cash ISAs. But 0.5% on £5100 isnt exactly attractive but good for topping up a tax free nestegg for the future. Until they realise 10 years dwon the line that people have 100k in tax free savings and change it.

That's exactly why people won't save and won't put money into pensions, they keep changing the goal posts.

 

[helpimcrap]

without trawling the posts - what was the budget?

i can't find any info on it just lots of theories.

 

[Stumble Bum]

www.bbc.co.uk/budget

 

[starfighter]

Some people sound like spoilt brats. "this is disgraceful, I will not be getting my usual amount of interest".

I know there are loopholes in the system and it isn't perfect but that is something that should be sorted in good economic times. I think the proportion of genuine claims will be high at the moment.

I have savings but I accept they won't be making much money during the next couple of years, and instead would rather stop people who have lost their job from becoming homeless etc.

If you are not of this opinion then you must be very arrogant. I see many people in other industries getting layed off, I suppose I feel sorry for them and empathise that it could be me. Some people seem to lack compassion and just think because it hasn't happened to them it never will and they are gods gift when it is more luck than anything for most as opposed to them being superior.

I mean I could be like that, good job, no chance of redundancy and a wad in the bank but I ain't a ****.

 

[Dolph]

What a great budget... Labour's economic incompentance and hatred of the successful laid bare for everyone to see.

Two years borrowing more than every government gone before it combined? Fantastic stuff? The solution to this public spending largesse? Raise taxes and wage a war against wealth. No real suggestion of dealing with the root cause, execessive public spending...

 

[Crixus00]

rubbish... hate this government

 

[antijoke]

So according to Quention Wilson on BBC breakfast this morning 10 million cars on the UK roads are over 10 years old, so with this wonderful scheme we will be able to get 300,000 of them off the road leaving 9.7 million of them still out there.

 

[EffBee]

The budget is just a formal statement of how things have been, how things are, and how things are expected to be with a lot of technical stuff about the country balancing it's books and a little topping of headline grabbing popular nonsense like tax cuts and silly financial initiatives to "help" people.

Given that the world economy is in a dire mess, UK's economy is even worse, in order to balance the books there should be deep painful changes to public spending and taxation.

If there is all credit to the chancellor.

I suspect that given that we must have an election in the next year the chancellor will do a political fudge where there will be a few well targetted gimmicky giveaways, bread and butter increases on the usual taxes, a minimal reduction in public services and a minimal set of tax rises (just so they can pretend to have been "responsible") but really just leaving things as they are now for a year to get us out of the worst of the recession and more importantly force the next governement (almost certainly conservative) to be the brutal bully boys who have to really sort out the mess.

Ho Hum business as usual then - Labour wrecks the economy and Tories repair it and we all suffer.

Got that right before the budget didn't I

Just how gullible and stupid do those idiots in the government think we are?

Arrogant, cynical, manipulative, dishonest labour deserve a generation in opposition starting at the next election!

 

[nero120]

I'm amazed that no one has mentioned that Labour have yet again broken a manifesto pledge.

The labour philosophy is about control and corruption. They truly seem to believe that they are the masters of the british people, and nothing will stand in their way to achieve their ends. Their lack of humility is both sickening and disturbing.

The trouble is, labour have put in place measure that whilst not overly problematic now will result is scary times ahead. If they (or another party with similar philosophies) get into power again in the future you can bet they will pursue their ambitions of control and authoritarianism over the british people, making best use of technology to achieve their aims.

I think the saddest thing of all is that we have absolutely nothing positive to show for 12 years of a labour government and untold billions spent.

 

[Gimpymoo]

Ho Hum business as usual then - Labour wrecks the economy and Tories repair it and we all suffer.

Please, you are joking?

The last time the Tories had a crack at it, they did EXACTLY the same thing, infact, I recall it being much worse.

I am not siding with anyone, but to say the Tories will repair it in the long run is naive.

 

[EffBee]

Please, you are joking?

The last time the Tories had a crack at it, they did EXACTLY the same thing, infact, I recall it being much worse.

I am not siding with anyone, but to say the Tories will repair it in the long run is naive.

Utter nonsense.

The Tories left the new Labour government with one of the strongest economies we have ever had. In order to defeat the Tories New Labour pledged to follow Tory spending plans if they got elected.

Tories ALWAYS have to repair the economy after a long period of Labour misrule. FACT

 

[jamief]

I'm amazed that no one has mentioned that Labour have yet again broken a manifesto pledge.

Captain Darling was on R2 this lunchtime - trying to use the old "but nobody saw it coming" defence as to why he'd broken an oft repeated promise not to raise tax on high earners.

Of course, you'd probably think that with some form of competent regulation & oversight, our banks wouldn't have been able to get into this kind of mess... but it would appear that because the Government "didn't see it coming" they can do whatever they like.

He also uttered the line "I couldn't have predicted 2 years ago that I would own a bank". Freudian slip?

 

[Pestilence]

Utter nonsense.

The Tories left the new Labour government with one of the strongest economies we have ever had. In order to defeat the Tories New Labour pledged to follow Tory spending plans if they got elected.

Tories ALWAYS have to repair the economy after a long period of Labour misrule. FACT

Yep.

Then the Tories end up looking like utter ****s because they have to make very tough decisions to get the country back on its feet. Cue the ignorant and short-sighted to vote Labour back in to do it all again.