Budget 2010

Ahleckz · 24 Mar 2010 at 13:18

AcidHell2 said:
Is it just raising stamp duty threshold? Or have they said anything else about helping FTB

Stamp Duty up by 5% for homes worth more than £1 million.
FTB don't pay duty on homes worth more up to £250,000 - but they will on more, and non FTB will still pay stamp duty.
A bit of a headline grabber, but doesn't actually give much.

Tefal · 24 Mar 2010 at 13:20

[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.

No, the net result is you pay less over the course of the year.

Hatter The Mad · 24 Mar 2010 at 13:20

Capital gains tax threshold being doubled to £2m. Did I hear that correctly?

platypus · 24 Mar 2010 at 13:20

1% increase in NI :/.

Rich1988 · 24 Mar 2010 at 13:20

bloody tax going up by 10% on cider! not happy I know someone else has said it but GRRR

Street · 24 Mar 2010 at 13:20

GSDog said:
I'll be stocking up on cider tonight then.

I went to the Westons cider factory at the weekend and bought a few crates! Glad I did now!

rypt · 24 Mar 2010 at 13:20

Tefal said:
No, the net result is you pay less over the course of the year.

You still pay MORE than you did the previous year though, doesn't matter if it's up by 1p 3 times or 3p one time - you are STILL paying more than you did before

Ahleckz · 24 Mar 2010 at 13:20

Setting up an investment bank for the sole purpose of promoting 'green industry'. Money will come from assests such as the Chunnel and private investment...
Another quango then... More money down the drain for no real gain.

The budget isn't really important, it's the response from Osbourne which is the important bit today.

Cosimo · 24 Mar 2010 at 13:21

RDM said:
One for the Daily Mail readers:

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

"Outrage as families with 10 children living in Berkeley Square will have their benefits reduced by £1k to £49k."

TriedandTested · 24 Mar 2010 at 13:22

Phew. Was days away from completion. Haven't signed anything so should benefit nicely from this

Glaucus · 24 Mar 2010 at 13:22

Well the investment in transport, power and manufacture of off shore wind turbines is great. As long as they get on with it and bypass the red tape.

MR_Punk · 24 Mar 2010 at 13:22

What does that actually mean for the price of cider. Does it mean that the overall price is going up 10% or just the tax on the drink. If so how much is the tax currently?

RDM · 24 Mar 2010 at 13:22

Hatter The Mad said:
Capital gains tax threshold being doubled to £2m. Did I hear that correctly?

Only for venture capital gains I believe so not for the ordinary bods.

Jimmeh · 24 Mar 2010 at 13:22

rypt said:
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)

As much as I share your sentiment with regard to the current government, I fear your rather idealistic ideas would be somewhat problematic.

rypt · 24 Mar 2010 at 13:23

AcidHell2 said:
Well the investment in transport, power and manufacture of off shore wind turbines is great. As long as they get on with it and bypass the red tape.

Oh yes, because wind turbines are the solution to powering this country long term and at a high percentage?
BULL****, what we need are nuclear stations (or clean coal)...

RDM · 24 Mar 2010 at 13:23

I wish politicians woulds stop using the term "super fast broadband" and actually quantify what they mean by it.

clv101 · 24 Mar 2010 at 13:24

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

It's not 'so expensive', France, Italy, Belgium, Portugal, Germany, Finland, Denmark and Netherlands (in that order with Netherlands the most expensive) have more expensive petrol.

Cosimo · 24 Mar 2010 at 13:24

Due to the bad weather there will £100m for local road repairs.

Is that because there is an election?

trent · 24 Mar 2010 at 13:25

rypt said:
You still pay MORE than you did the previous year though, doesn't matter if it's up by 1p 3 times or 3p one time - you are STILL paying more than you did before

Given there are only 2 choices available . Putting 1p 3 times will save you more money then if they put it up 3p 1 time. Yes you are loosing money on today's prices but that is the cheaper of the 2 options.

rypt · 24 Mar 2010 at 13:25

Jimmeh said:
As much as I share your sentiment with regard to the current government, I fear your rather idealistic ideas would be somewhat problematic.

Selling the banking shares will give government the money they spent back ...

If you cull the waste in the public sector, then you can cut taxes by that same amount.
If you cull the waste that is the benefits system, then you can cut taxes by that same amount.
If you kill off the aid and development budget & kill off the money contribution to Europe, then you can cut taxes by that same amount.

And so on..

trent said:
Given there are only 2 choices available . Putting 1p 3 times will save you more money then if they put it up 3p 1 time. Yes you are loosing money on today's prices but that is the cheaper of the 2 options.

There is a 3rd choice, don't put duty up at all.
There is a 4th one as well, cut the duty.