Budget 2010

[TW]Fox · 24 Mar 2010 at 12:56

No thread for this?

Currently taking place. Thoughts?

rare · 24 Mar 2010 at 12:57

I am listening and think its actually very fair...

Cosimo · 24 Mar 2010 at 12:58

The phoney budget before the election, there shouldn’t be any huge vote losers here.

matt_fsr · 24 Mar 2010 at 12:58

Tax rise on Petrol not going to lose any votes then?

Jimmeh · 24 Mar 2010 at 12:59

The ISA limit is of interest - raised again to £10,200...

Jimmeh · 24 Mar 2010 at 12:59

matt_fsr said:
Tax rise on Petrol not going to lose any votes then?

Staggered approach - it won't be a 3p hike overnight...

[TW]Fox · 24 Mar 2010 at 12:59

Oh, I see, he's going to scam us with fuel duty.

Instead of sticking 3p on it in April, he'll put 1p on it 3 times in the next year.

Net result: The same.

RDM · 24 Mar 2010 at 13:00

Mr Darling says he has revised downwards slightly the growth forecast for 2011 to between 3% and 3.5% to bring it more in line with predictions from the City. Growth is predicted at 1 to 1.5% for 2010.

Is halving the predicted growth really "slightly"?

Cosimo · 24 Mar 2010 at 13:00

Next month's planned 3p increase in fuel duty will be staged to soften the blow. It will go up by 1p in April, another 1p in October and a final 1p in January 2011.

Cosimo · 24 Mar 2010 at 13:01

It's live here:

http://news.bbc.co.uk/1/hi/uk_politics/8584505.stm

Gerard · 24 Mar 2010 at 13:01

What reason have they pulled out of their ass for petrol being so expensive anyway?

RDM · 24 Mar 2010 at 13:01

Jimmeh said:
The ISA limit is of interest - raised again to £10,200...

Only taken 10 years to get to the same levels as the PEPs they replaced...

randomshenans · 24 Mar 2010 at 13:02

The cost of fuel has increased in over 3p in the last couple of months! It's staggering that it just keeps doing the same. As said though, with the election coming up it's not really going to do much IMO

RDM · 24 Mar 2010 at 13:03

10% increase in the duty on cider.

Jimmeh · 24 Mar 2010 at 13:03

RDM said:
Only taken 10 years to get to the same levels as the PEPs they replaced...

Haha, good point.

rare · 24 Mar 2010 at 13:03

What reason have they pulled out of their ass for petrol being so expensive anyway?

Must be because we owe so much money...petrol is nice and easy to tax!

Glaucus · 24 Mar 2010 at 13:05

What a surprise screw the rich over. Not going for votes are we, lots of jelouse little idiots will think this is great. 60% of tax rises will only hit top 5 % of earners. Nothing like a fair society.

[TW]Fox · 24 Mar 2010 at 13:05

QuickLink said:
The cost of fuel has increased in over 3p in the last couple of months! It's staggering that it just keeps doing the same. As said though, with the election coming up it's not really going to do much IMO

People will forget now because 1p isnt much. So by January the 3p will be on anyway and we'll be paying record amounts for fuel, almost all of it being taxation.

Edward01 · 24 Mar 2010 at 13:06

I love the way they keep comparing their figures to the conservatives of the 90s. They've been in power for 13 years for god sake, they've got no one to blame but themselves.

RDM · 24 Mar 2010 at 13:06

AcidHell2 said:
What a surprise screw the rich over. Not going for votes. 60% of tax rises will only hit top 5 % of earners. Nothing like a fair society.

Which should be worrying for people that want Labour back in as they seem to be aiming this budget at their traditional supporters who would vote in a houseplant if it had a red rossette on it.