The Budget 2015 – 12:30

[Glaucus]

Unfortunately I missed the budget, so I'm a bit behind on the technicalities of this proposal. If you already have over 50% of the funds towards a deposit, what happens if you put a larger chunk of money into this account and save for a lower duration?

For example -

1. Aiming to save £20,000, you already have £15,000;
2. You deposit £15,000 into the new ISA and save for another 12 months;
3. You save more than £200 per month, therefore deposit £200 into the new ISA and the surplus amount (say £300 for arguments sake) into an existing account;
4. I'm assuming you'll essentially get £50 x 12 for free?

More or less.
You'll get
250 x 1 and 50 x 11.
As when you open it you can deposit upto £1000 then £200 a month after that. Although it pays out when you buy somewhere.
Keep the other savings where ever they are.

 

[Christmas themed thank]

Seriously, who would vote for a different party when this one has done so well?

I get voting for the opposition if the current Government has done crap, but they haven't...

 

[Robi]

More or less.
You'll get
250 x 1 and 50 x 11.
As when you open it you can deposit upto £1000 then £200 a month after that. Although it pays out when you buy somewhere.
Keep the other savings where ever they are.

£800 for free. Not bad, not bad at all

 

[Tunney]

Seriously, who would vote for a different party when this one has done so well?

It's a matter of perspective. If you're reliant on public services that have been cut or work in the public sector and haven't seen an inflationary-matching pay rise in the past five years, you probably don't think that the government has done well.

 

[Glaucus]

£800 for free. Not bad, not bad at all

And if you are doing a joint mortgage, your partner can open one up as well. So you get double.

 

[Maccapacca]

Who's the guy shouting 'all politicians are liars'?

 

[Christmas themed thank]

It's a matter of perspective. If you're reliant on public services that have been cut or work in the public sector and haven't seen an inflationary-matching pay rise in the past five years, you probably don't think that the government has done well.

Okay fair enough. However the reason they have been cut is because of the last Government's poor spending choices. Really they should be blamed.

I suppose if you're a Police officer you'd also be ****ed but crime is down so...

 

[Mr Jack]

Seriously, who would vote for a different party when this one has done so well?

I get voting for the opposition if the current Government has done crap, but they haven't...

O_o

This has been the worst government of my lifetime, and probably longer. They've been a disaster on almost every front: economically, socially, in terms of foreign policy, diplomatic relations, on immigration, on the NHS and on education. The list of their failings just goes on and on and on. What's more their plans for the coming parliament just double-down on everything they've done wrong in this one.

 

[Xordium]

Seriously, who would vote for a different party when this one has done so well?

I get voting for the opposition if the current Government has done crap, but they haven't...

Hmm I am not so sure I am living in the same country as you this government has been awful. Failed across the board and woefully led by the 2nd worst Prime Minister I can think of (still got some way to be worse than Gordon Brown).

 

[Tunney]

Okay fair enough. However the reason they have been cut is because of the last Government's poor spending choices. Really they should be blamed.

Can you explain why the Tories want to make further cuts in the next budget then?

These cuts are largely done for ideological reasons not because of the deficit.

 

[cjbagnall]

O_o

This has been the worst government of my lifetime, and probably longer. They've been a disaster on almost every front: economically, socially, in terms of foreign policy, diplomatic relations, on immigration, on the NHS and on education. The list of their failings just goes on and on and on. What's more their plans for the coming parliament just double-down on everything they've done wrong in this one.

I agree, I can't understand how anyone can vote tory. I dont know a single person who is better off under this government.

 

[arknor]

Who's the guy shouting 'all politicians are liars'?

probably the guy who saw Cameron promise an EU referendum in 2009

I agree, I can't understand how anyone can vote tory. I dont know a single person who is better off under this government.

public services in Newcastle got wrecked.
so many libraries and swimming pools gone

 

[Glaucus]

I agree, I can't understand how anyone can vote tory. I dont know a single person who is better off under this government.

You mean other than everyone.

You can't continue ti raise debt for ever. Stopping and then reducing national debt whilst growing the economy is better than everyone.

Increasing living for everyone whilst tanking the economy and massive national debt reduces everyone standard of living eventually, despite the marginal temporary rise in living standard.

Let alone almost doubling the tax free allowance which is by far the biggest gain for low paid workers. Labour had no such plans.

 

[Zbornak]

With borrowed money

Combined with cutting public services.

 

[Christmas themed thank]

Why has crime gone down, why has the deficit gone down, why has unemployment gone down, why has the gender-gap decreased to its lowest ever level.

 

[cjbagnall]

You mean other than everyone.

You can't continue ti raise debt for ever. Stopping and then reducing national debt whilst growing the economy is better than everyone.

Increasing living for everyone whilst tanking the economy and massive national debt reduces everyone standard of living eventually, despite the marginal temporary rise in living standard.

Let alone almost doubling the tax free allowance which is by far the biggest gain for low paid workers. Labour had no such plans.

Increase in living standards for everyone, is that a joke? It was bad for many people under labour but is way worse now under the tories.

 

[Christmas themed thank]

These cuts are largely done for ideological reasons not because of the deficit.

Haha what.

 

[Spook187]

Seriously, who would vote for a different party when this one has done so well?

I get voting for the opposition if the current Government has done crap, but they haven't...

Really, so none of the cuts have affected anyone, it's ok they have not affected you so they done a good job.

 

[Christmas themed thank]

Really, so none of the cuts have affected anyone, it's ok they have not affected you so they done a good job.

So what cuts have affected you then.

 

[Glaucus]

Increase in living standards for everyone, is that a joke?

Are you a joke? You seem to think money comes from no where and spending can just be done with out consequence.
Do you understand difference between short term and long term?

Do you understand in boom times, labour spent £3 to increase the economy by £1 (such logical financial planning there), getting into obscene amounts of debt, so when the recession came we couldn't just borrow our way out if it.
If they had paid if national debt, rather than spending, we could have eased the recession by borrowing.