The Budget 2015 – 12:30

Hagar · 18 Mar 2015 at 14:20

Surely the NHS is just a part of departmental spending and has been ringfenced for the next year. It does not need to be mentioned in the budget which sets out tax raising powers and changes to taxation and investment which enable the government to spend.

God forbid we return to mind numbing Labour budgets outlining departmental spend in every sector, health, welfare, road and rail, complex redistribution through credits and return to simpler taxation and less bureaucracy.

Castiel · 18 Mar 2015 at 14:20

Vanilla said:
Disappointed by any movement on Inheritance Tax

There are many ways to offset and reduce inheritance taxation for most people anyway.

Tunney · 18 Mar 2015 at 14:22

Castiel said:
On one side, whether you agree with them or not, you have people who at least sound competent and know what they are talking about...on the other you have people who, well, to put it simply...don't

The Tories have their fair share of people in the latter category. Michael Gove, Chris Grayling, even David "intellectual lightweight" Cameron himself.

platypus · 18 Mar 2015 at 14:22

Judgeneo said:
FTB ISA eh? 25% extra on my savings?
I'm going to look into that in great detail. Selfishly of course, as its probably not good for the macro-economy.

I wonder if I can use it too. I mean, technically I haven't bought a house yet.

scorza · 18 Mar 2015 at 14:24

They say that the thing about democracy is that people get the government they deserve. Well if the British people believe this budget then they will deserve what's coming with a Conservative majority government.

Zbornak · 18 Mar 2015 at 14:25

When are the savings allowance coming into effect? Was it this April or the next?

platypus · 18 Mar 2015 at 14:28

AGD said:
The lagoon power scheme will be expensive initially but could turn out quite well in the long term.

Indeed, I really don't mind expensive endeavours of this nature. It's pushing the boundaries in a good way.

Castiel · 18 Mar 2015 at 14:30

Tunney said:
The Tories have their fair share of people in the latter category. Michael Gove, Chris Grayling, even David "intellectual lightweight" Cameron himself.

Even those outshine their opposites, which just goes to illustrate how poor Ed and his merry men and women really are. Wrong brother basically.

platypus · 18 Mar 2015 at 14:32

Could the right brother have done much better with that troupe of fools behind him?

Freakbro · 18 Mar 2015 at 14:32

Zbornak said:
When are the savings allowance coming into effect? Was it this April or the next?

April 2016

Castiel · 18 Mar 2015 at 14:40

platypus said:
Could the right brother have done much better with that troupe of fools behind him?

Point being they may have not been the same troupe...

RSR · 18 Mar 2015 at 14:40

Good budget IMO, if anyone votes labour in they need their heads examined. I have no problems voting for them again.

Tunney · 18 Mar 2015 at 14:42

Castiel said:
Even those outshine their opposites, which just goes to illustrate how poor Ed and his merry men and women really are. Wrong brother basically.

You believe that Chris Grayling outshines Sadiq Khan? That's a really surprising statement from someone as intelligent as you.

John40 · 18 Mar 2015 at 14:42

Good budget.

Castiel · 18 Mar 2015 at 14:44

Tunney said:
You believe that Chris Grayling outshines Sadiq Khan? That's a really surprising statement from someone as intelligent as you.

It was a broad statement rather than one specifying individuals. Overall the comparison is marked and sometime quite embarrassing. Normally from the two Eds.

KingOfTheDaves · 18 Mar 2015 at 14:45

booyaka said:
will it? it's come down massively over the last few years.

I'm in my 30's and my pension is projected to hit £1million by the time i'm 62 (i.e not state pension age yet)

I'm a very average payer into my pension, don't earn anything ridiculous but just because I started a pension at 17 years old, i'm going to have to stop paying into it, or suffer a tax penalty on it, unless they put the limit back up in the future.

I think it was said that the AA will start going up again from 2018.

And you seem to be worrying yourself unnecessarily to be honest. You're talking 30 years down the line, of course the allowance will have increased by the time you reach retirement. It's frankly preposterous to think it wont.

To be honest I doubt the Annual Allowance will even exist then and will have been replaced with something else 2 or 3 times.

[TW]Fox · 18 Mar 2015 at 15:04

platypus said:
I wonder if I can use it too. I mean, technically I haven't bought a house yet.

It's crap, you can only invest 200 quid a month.

Kemik · 18 Mar 2015 at 15:07

Help To Buy ISA fact sheet: https://www.gov.uk/government/uploa...t_data/file/414027/FTB_factographic_final.pdf

In summary, not great.

Sunbed · 18 Mar 2015 at 15:11

Amp34 said:
We should be pushing ahead with things like wave, wind and solar energy before we start building more big dams and reservoirs.

I agree and I think that is what will actually happen.

It seems the environmental impacts concern me less than you, but regardless I think there isn't much scope or public appetite for more big reservoirs in this country any more.

Glaucus · 18 Mar 2015 at 15:12

Kemik said:
Help To Buy ISA fact sheet: https://www.gov.uk/government/uploa...t_data/file/414027/FTB_factographic_final.pdf

In summary, not great.

That's pretty good especially if you are young and they keep 5% mortgage.

Means most people could easily afford to save and get a mortgage within 4 years.
It is an amazing incentive to start speaking early, rather than putting it off.

It's pretty amazing if you are a couple. Save £400 a month between you and get £100 bonus. On top of the 1k each initial investment.

Useless for us who have started/close to buying.