It's flat for the country as a whole - i.e. borrowing amounts
Plenty of people gaining through the new schemes, reductions and incentives though.
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The Budget 2013 - 12:30
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It's flat for the country as a whole - i.e. borrowing amounts
Plenty of people gaining through the new schemes, reductions and incentives though.
lowering corporation tax is retarded, according to BBC we now have one of the lowest ratesall while the poor get shafted
Oh yay, more high brow discussion.
Caporegime
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Any word on car tax / road fund license / the little disc thing?...
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I think the corporation tax is a good move.
Would you say that it is a more positive than negative budget then?
The £10k threshold seems like a pretty positive move, but other than that I'm not really sure what else is.
I guess all that would happen is the foreign nationals looking to invest would instead just loan money to British nationals who act as their agent in the UK to buy property. It wasn't a serious point just a consideration that as a rich country we do present a tempting target to anyone in the world to exploit.
Cutting the NI threshold back for SMEs could be a winner.
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Caporegime
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Not happy with the 1p cut Mr Jester?
Insert Tesco slogan....
For all I drink it makes very little difference...
Insert Tesco slogan....
For all I drink it makes very little difference...
At least it didn't go the other way.
Man of Honour
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lowering corporation tax is retarded, according to BBC we now have one of the lowest rates
What's retarded about it?
I only have an AS in economics but I can still see why they cut corporation tax.
It's not foreign aid, it's bribe money and it pays back far far more that it costs.
because the market is being artificially rigged and supposed.
its just delaying the inevitable which will be greater down the line.
What's retarded about it?
I only have an AS in economics but I can still see why they cut corporation tax.
He's fairly left wing, elasticity of demand is lost on him.
Edit: On the budget as a whole I quite like the headline measures. Some interesting anti avoidance in the actual budget itself as well.
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From http://simongompertz.blogspot.co.uk/2013/03/who-pays-40-tax.html
The £10,000 starting rate of tax is great news for millions.
In the same year, 2014-15, the starting rate for the higher 40% rate will be £41,865 as previously planned.
So although the previous plans were likely to result in more people being drawn into the 40% band, there isn't a specific measure today to bring even more into that bracket.
The threshold for 40% tax is £42,475 this year.
In 2013-14, so starting in April, it will be £41,450.
And in 2014-15, it will be £41,865
So lots more people to pay tax @ 40% then, great.
The £10,000 starting rate of tax is great news for millions.
In the same year, 2014-15, the starting rate for the higher 40% rate will be £41,865 as previously planned.
So although the previous plans were likely to result in more people being drawn into the 40% band, there isn't a specific measure today to bring even more into that bracket.
The threshold for 40% tax is £42,475 this year.
In 2013-14, so starting in April, it will be £41,450.
And in 2014-15, it will be £41,865
So lots more people to pay tax @ 40% then, great.
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1 penny off my pint? so generous. 
I like how they try to phrase a "cancelled" scheduled increase as a saving.
I like how they try to phrase a "cancelled" scheduled increase as a saving.