Budget 2010

bloodline76 · 24 Mar 2010 at 13:07

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.

Shame

Tom84 · 24 Mar 2010 at 13:07

Sucks for me

I'm about to complete my house move tomorrow thus meaning I'm still going to be stung for Stamp Duty :mad:

Cosimo · 24 Mar 2010 at 13:07

But he says he has no further announcements on VAT, income tax or National Insurance.

Surprise, surprise.

Ahleckz · 24 Mar 2010 at 13:08

Stock up on the cider now! Has he stated the duty on normal alcohol though? All I understand is that it's going to "rise". - Ah just saw it, a 2% rise. Glad I brew my own, costs a bloody fortune as it is.

Not going to be a great budget, there's very little they can actually do at this stage in the game (both recession & election wise).

Cosimo · 24 Mar 2010 at 13:09

Alcohol duty will rise and that on cider specifically will go up by 10% from midnight tonight. Smokers will also pay more as tobacco duty will increase by 1% immediately, then 2% in subsequent years.

Cosimo · 24 Mar 2010 at 13:11

He will get rid/move 1/3rd of the civil servants in London during the next 5 years.

trent · 24 Mar 2010 at 13:11

[TW]Fox;16221689 said:
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.

But its still cheaper for the consumer the way they have done it. Would you prefer to be paying the extra 3p for the entire year?

RDM · 24 Mar 2010 at 13:11

Getting a little bored of "Labour saved the economy", can you actually tell us what you are doing to save it more rather than patting yourself on the back please?

platypus · 24 Mar 2010 at 13:12

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

Indeed.

RDM · 24 Mar 2010 at 13:13

Another quango! This one to look at credit applications that are denied. And then somehow "force" banks to give out credit I guess?

GSDog · 24 Mar 2010 at 13:13

Alcohol duty will rise and that on cider specifically will go up by 10% from midnight tonight.

I'll be stocking up on cider tonight then.

GinG · 24 Mar 2010 at 13:13

looks like stamp duty for 1st time buyers is set to be scrapped

my m8 who just completed on a house will be annoyed

krooton · 24 Mar 2010 at 13:13

Tom84 said:
Sucks for me

I'm about to complete my house move tomorrow thus meaning I'm still going to be stung for Stamp Duty

So if I complete next month, I will be exempt from stamp duty?

Glaucus · 24 Mar 2010 at 13:13

Is it just raising stamp duty threshold? Or have they said anything else about helping FTB

platypus · 24 Mar 2010 at 13:13

[TW]Fox;16221689 said:
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.

He has plainly said that the tax rise will be 3% over the course of the year, in three 1% stages. There is no scam.

Ahleckz · 24 Mar 2010 at 13:14

The whole "we are wonderful because RBS & Lloyds have lent x amount to small businesses" is a bit of a red Herring surely?
They are clearly making money from this, and it's what banks ought to do. If they were providing grants and bursarys to these companies I can see the point but this escapes me...

Tom84 · 24 Mar 2010 at 13:15

krooton said:
So if I complete next month, I will be exempt from stamp duty?

As long as your house is under 250k then yeah

Looks like the limit is being raised as of midnight tonight..... quick phone call to my solicitor is in order

Cosimo · 24 Mar 2010 at 13:15

RDM said:
Getting a little bored of "Labour saved the economy", can you actually tell us what you are doing to save it more rather than patting yourself on the back please?

That’s all the we will hear until the election, “We saved the economy, we saved you and we saved the world.” I'm sure that the environment will also get a mention.

RDM · 24 Mar 2010 at 13:15

One for the Daily Mail readers:

Cuts will be made to housing benefit paid to those in very expensive properties, the chancellor says.

Will probably save next to nothing but looks good in the gutter press.

rypt · 24 Mar 2010 at 13:18

This is what I posted on another forum, but edited due to OCUK rules

....

******* money grabbing bunch of left wing ******* ****pots Labour are.

Taxes up, alcohol duty up, fuel duty up, public sector spending up (2.2% I think the ****** said).

I have a better idea, how about you cut taxes, stop raping us on duty, sell the shares in the banks (BACK to the banks at above market price - ie at what we paid for them + inflation) and then cull the useless ******* working in the public sector (non frontline NHS/police/fire etc)