The Budget 2013 - 12:30

Cosimo

Cosimo

Cosimo

Man of Honour
Joined
9 Jan 2007
Posts
164,704
Location
Metropolis
Here we are again but in these times of austerity will this budget help get us on the road to sustained growth. The government is set to reveal £2,5bn in cuts. Will there be any tax cuts, will you be sinking deeper into the mire….

Coverage:

http://www.bbc.co.uk/news/business-21686265
BBC Two, the BBC News Channel and on Radio 5 live

Highlights:

FUEL, ALCOHOL AND CIGARETTES

September's fuel duty rise scrapped, worth 13p per litre

Annual above-inflation rise in beer duty to be scrapped. Beer duty to be cut by 1% later this month

All other alcohol duties to rise by 2% above inflation

INCOME TAX

Limit at which people start paying tax to be raised to £10,000 in 2014 - a year early

HOUSING

Shared equity schemes extended, with interest-free loans up to 20% of value of new build properties

PENSIONERS

Single flat-rate pension of £144 a week brought forward a year to 2016

Cap on social care costs confirmed

FAMILIES

20% tax relief on childcare vouchers up to £6,000 per child from 2015

£5,000 payments for those who lost money in Equitable Life collapse
Click to expand...

http://www.bbc.co.uk/news/uk-politics-21851965
 
Last edited:
low/middle income = prepare for rape

rich = prepare for tax cuts

Businesses = Prepare for government to throw money at pointless infrastructure and probably a corporation tax cut

disabled/unemployed = poor house law
 
Might watch this seeing as im off work this week. Already been told that my new tax code will mean I'm taking more home with me so need to find out where it'll be taken away from me now :D
 
For all the talk there hasn't been any great austerity within the UK. There has been a cap on the massive increases in borrowing labour were making, and an attempt to slowly reduce the deficit. Both sides of the house had an alleged five year plan to half the deficit, not repay a penny of the money they had borrowed, thsu accruing even more debt in interest payments.
As yet the conservatives have yet to achieve this halfing in borrowing.
Labour have achieved lots with a pair of Eds including one whos name is literally Balls.

Cuts of 2.5 billion won't even cover our increase in interest payments accrued on the masses of debt we have already managed to procure.
The middle will be squeezed.
Those who will shout the loudest will be those with the biggest taxbreaks, and more free money, the benefits crowd.

Nothing will change. I will be worse off. Come April my 20% NHS income cut will be applied also, for doing exactly the same amount of work, physically, the Norn Iron NHS will pay me 20% less. Including pension contributions. Thx Obama (edwin and sammy)
 
Stock up on everything bar bread ASAP! LOL
My mate hd me grab him a pack of smokes yesterday, jesus wept the best part of £8 for 20, Im guessing this is about to get higher.

A flat out drunk humping tax I'm flat against, they can disguise it in any way they want, to help the NHS, to prevent injuries, to prevent violence, binge drinking that's all utter garbage. They don't need to punish responsible drinkers.

Thankfully I think the fuel hike has been frozen but that still doesn't help when the prices constantly go up anyway :/

I'd like to see where they're gonna manage to save all this money too.
 
Delaying the fuel tax only means at some point in the future we are gonna get raped, isn't it like 3 deferrals now? They should do more to crack down on the blatant price fixing and cartel behaviour.

Just put fags up £6 tax a packet, alcohol a bit and make the revenue that way they addicts will still pay it
 
Cost of living increase for pretty much everyone.The people struggling now expect to struggle a bit more for longer. End.

Nothing anyone can do so we will all carry on struggling.
 
lemonkettaz said:
Cost of living increase for pretty much everyone.The people struggling now expect to struggle a bit more for longer. End.

Nothing anyone can do so we will all carry on struggling.
Click to expand...

A recent email from our union seemed to suggest our employer disregards the rising cost of living LOL :(

Should be fun
 
The problem with how most incomes rise makes the problems even worse - yearly pay increases are bigger the more you earn, meaning those over the national average are not only usually protected from inflation but are taking regular rises.

Using myself as an example, I've gone from no rise per year to 5%, then 10% a year as I've gone from minimum wage, to national average & beyond over the years.
 
You must log in or register to reply here.
Back
Top Bottom