The Budget

FTM · 22 Jun 2010 at 13:33

they built it up with dire predictions and in the end it wasnt to bad, which was probably the plan all along..minor taxation rise that will affect everybody so will increase income

now everybody says phew wasnt as bad aas I was expecting

dirtydog · 22 Jun 2010 at 13:33

britboy4321 said:
So that means every single (non essential) good in the country is going to be 2.5% more expensive.

Which is about the same as having a 2.5% pay cut.

If you GOT a 2.5% paycut, you'd be gutted. But 2.5% VAT increase? That's cool?

Hmm ..

Do you spend 100% of your gross income on VAT rated goods? Of course you don't.

Sareth · 22 Jun 2010 at 13:34

Dear Mrs Harman, you are not going to drive a wedge between the Liberal Democrats and Conservatives by calling them democlats.

Sankari · 22 Jun 2010 at 13:34

A bold budget indeed. Blam! Right in the nadgers!

:eek:

Merlin5 · 22 Jun 2010 at 13:34

I like his comment "cider won't go up, so that when england qualify to the 1/4 finals we can celebrate, and if they don't we can drown our sorrows"

RDM · 22 Jun 2010 at 13:34

britboy4321 said:
So that means every single (non essential) good in the country is going to be 2.5% more expensive.

Which is about the same as having a 2.5% pay cut.

If you GOT a 2.5% paycut, you'd be gutted. But 2.5% VAT increase? That's cool?

Hmm ..

Really? So all of your pay goes on non essentials? Quite a large chunk of our household income goes on stuff that is zero rated or low rated which the VAT increase won't impact. How you can come out with the above rubbish and suggest you have any real economic knowledge is beyond me.

DreadNiK · 22 Jun 2010 at 13:34

rojones said:
Can someone clarify the public sector pay freeze for me.

Obviously we in the past have gotten our Yearly increment rise on whatever pay-scale you are on until you reach the top of it. And then you got inflation increase also.

So is this a freeze on both increments for 2years and inflation or one of them ?

normally a freeze means on the inflation increase so real salaries go down during the freeze, but this could mean no payscale rises either

DreadNiK · 22 Jun 2010 at 13:35

RDM said:
Really? So all of your pay goes on non essentials? Quite a large chunk of our household income goes on stuff that is zero rated or low rated which the VAT increase won't impact. How you can come out with the above rubbish and suggest you have any real economic knowledge is beyond me.

beat me to it.

Von Smallhausen · 22 Jun 2010 at 13:35

Surely the Speaker has a Mr Burns style button where a trapdoor opens and Harriet falls through it ?

aardvark · 22 Jun 2010 at 13:35

a very very good and sensible budget - i'm genuinely impressed.

K.C. Leblanc · 22 Jun 2010 at 13:35

britboy4321 said:
So that means every single (non essential) good in the country is going to be 2.5% more expensive.

Which is about the same as having a 2.5% pay cut.

If you GOT a 2.5% paycut, you'd be gutted. But 2.5% VAT increase? That's cool?

Hmm ..

But VAT isn't charged on everything. About half my monthly out goings arn't subject to VAT.

daz · 22 Jun 2010 at 13:36

britboy4321 said:
So that means every single (non essential) good in the country is going to be 2.5% more expensive.

Which is about the same as having a 2.5% pay cut.

If you GOT a 2.5% paycut, you'd be gutted. But 2.5% VAT increase? That's cool?

Hmm ..

Not really - everyone that pays a mortgage, or rent probably pays anywhere up to 40% of their net income on that... then you have food, perhaps another 10-20%...

All in all VAT to 20% mainly affects large purchases.

loopylou · 22 Jun 2010 at 13:36

Oh shhhhhhh you stupid woman

craig3000 · 22 Jun 2010 at 13:36

Von Smallhausen said:
Surely the Speaker has a Mr Burns style button where a trapdoor opens and Harriet falls through it ?

if only

britboy4321 · 22 Jun 2010 at 13:36

RDM said:
Really? So all of your pay goes on non essentials? Quite a large chunk of our household income goes on stuff that is zero rated or low rated which the VAT increase won't impact. How you can come out with the above rubbish and suggest you have any real economic knowledge is beyond me.

RDM - You said they could sort out the finances without cutting ANY public front line services, by making departments magically 'more efficient'. (Remember, they kept it a 'secret' how they were going to do it pre-election, and you thought 'fair enough'! hoho

You bought the toryies pre-election .. er .. what turned out to be .. some kind of 'joke'.

hoho. er .. sorry!

Dolph · 22 Jun 2010 at 13:36

very good budget imo, struck the correct balance and sets a good road to the future.

krooton · 22 Jun 2010 at 13:36

britboy4321 said:
So that means every single (non essential) good in the country is going to be 2.5% more expensive.

Which is about the same as having a 2.5% pay cut.

If you GOT a 2.5% paycut, you'd be gutted. But 2.5% VAT increase? That's cool?

Hmm ..

That is an EPIC maths fail.

You salary is a single value, the cost of goods varies in relation to that.

A VAT increase of 2.5% is NOTHING like a pay cut of 2.5%

rojones · 22 Jun 2010 at 13:37

DreadNiK said:
normally a freeze means on the inflation increase so real salaries go down during the freeze, but this could mean no payscale rises either

This is what i would like to know, as there is a big difference, about £2,000 over the two years for me and im only just above the £21,000 barrier.

Over Clocker · 22 Jun 2010 at 13:37

Her voice makes me cringe.....

matthewhotdude · 22 Jun 2010 at 13:37

Geeez I'd love to throw rotton eggs at her right now