The Budget 2014 - 12:30

Guess you guys did see this but hidden in the Budget small print he is sneakily raising the age you can start drawing your private pensions to 57 and beyond - taking away the ability for savers to choose the age they want to retire.
 
do_ron_ron said:
Some mistake surely? Should that not have been the 35% who do vote and the 65% who don't. It always amazes me that people will spend hours of time complaining on the internet about parties and not spend ten minutes every 5 years making their protest in the ballot box. As to those who say that no party represents their views you only need to look at the parties themselves to find that MPs don't agree with their own party some of the time.

That is the reason why political parties ignore the young - very few vote so they just pay lip service to their demands. The old vote in large numbers consistently and have to be listened to if any party wants to succeed.
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Nope, we had a 65% turnout at the 2010 election - http://www.ukpolitical.info/Turnout45.htm
 
LOAM said:
All the budget is, is shuffling of numbers in columns, you aren't any better or worse off in my opinion than you were before. Jam has gone down by 1p but butter has gone up by 1p. Its all nonsense and just an excuse for them all to gather up together and make sheep noises at each other before going down the local and getting rat arsed!.
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Well this budget means I'll save a little more income, be able to save more without tax, and has extended the help to buy scheme which I wish to use. I don't smoke or drive either, so better for me all around really.
 
Redz said:
  • 100% increase in State Benefits
  • Abolition of duty on cider and cigarettes
  • Subsidised Sky TV for all JSA claimants
  • Free PS4 for all benefit claimants
  • Abolition of the actively seeking work requirement to be entitled to JSA
  • Lower State Pension age to 50
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sounds like Greece pre meltdown :D
 
So tax allowance up a bit at lower level.
and for once they are not bringing the higher level down, they are actually increasing it, albeit a small margin, so it doesn't negate the lower band increase.
That's great news.

The ISA merge means exactly what? You can pool all the amount into either stocks and share or into cash each year?
Any chance or ability to take existing ISAs and move them?
 
Good news for pensioners and savers. Liking the sound of the new merged ISAs.

But I would have liked to of seen an introduction of measures to get companies valued over a certain amount to not shelter their profits in tax havens, but it's the Tories.
 
Tunney said:
£220 million is legal aid cuts. Really good to see a government prioritise bingo and potholes over justice. :(
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Legal aid has been floating dead in the water since the 1st April 2013 when the LASPO reforms came in. Its better for those in power if the poor are not permitted the means to use their own laws against them. :p

On 1st May 2012 the Legal Aid Sentencing and Punishment of Offenders Act 2012 (LASPO) received royal assent and became law. The Act makes vast changes to the provision and scope of legal aid. LASPO has been fiercely debated, criticised and shrouded in controversy and its implementation will fundamentally change the legal aid landscape for the foreseeable future. Lord Bach has described the act as “outrageous legislation that will harm the disabled, poor and vulnerable, and those least able to defend themselves”[2].
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chief barker said:
Scrapping inheritance tax for members of the emergency services who "give their lives protecting us"

For the dead service people?
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My guess is the only service people who die with anything over the threshold are posh Tory voting officers with already rich families, gotta keep the core voters happy :rolleyes:
 
Zbornak said:
Good news for pensioners and savers. Liking the sound of the new merged ISAs.

But I would have liked to of seen an introduction of measures to get companies valued over a certain amount to not shelter their profits in tax havens, but it's the Tories.
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1) There are international treaties they have to be mindful of.
2) They have announced they are looking to introduce rules to tax profits in the UK where there is a mismatch between tax rules (i.e. tax deductible in the UK but not overseas would make it non tax deductible in the UK)
 
As a young person with very little in savings just now with some dollar sat in an ISA, nowhere near the limit of course, what does the new savings merge actually entail?
 
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