March Budget 2016

Jez · 16 Mar 2016 at 13:31

CGT is a nice boon, good job there.

Dr Jack · 16 Mar 2016 at 13:31

jimjamuk said:
Dunno what you lot are listening too (bar rehashing the same old arguments) but my wife has a small business and this all sounds fine to me

I think most of the stuff he's done on small business taxation is pretty good; especially compared to the rest. The problem isn't with his little fiddles but with the big picture of his economics.

You can't cut your way to prosperity.

Jez · 16 Mar 2016 at 13:32

413x said:
Those who are saying middle class are going to be hit.
I don't see this unless you mean with kids.

Middle classes have already been royally shafted with the changes to property income offset and the frankly obscene SDLT rises we have been hit with.

Freakbro · 16 Mar 2016 at 13:33

Brilliant, now the low paid can save 20k a year tax free in their ISA, that'll help

Cosimo · 16 Mar 2016 at 13:34

ISA limit to rise to £20k and a lifetime ISA to be introduced.

Cosimo · 16 Mar 2016 at 13:34

Tax allowance to be raised to £11500.
High rate threshold to £45k.

413x · 16 Mar 2016 at 13:36

Jez said:
Middle classes have already been royally shafted with the changes to property income offset and the frankly obscene SDLT rises we have been hit with.

I suppose it completely depends on your circumstances.
Myself. Not really any of this affects me.
Fuel duty is probably my biggest fear. And it's frozen.. And it's not really a fear anyway

Freakbro · 16 Mar 2016 at 13:36

If you really want to remove the low paid from paying income tax why don't you raise the NI limit this much as well

antijoke · 16 Mar 2016 at 13:37

Don't see a great deal wrong on the face of it. Will see what the detail is all about though.

Freakbro · 16 Mar 2016 at 13:38

anticonscience said:
Don't see a great deal wrong on the face of it. Will see what the detail is all about though.

Agreed, on the face of it it could have been a lot worse

John40 · 16 Mar 2016 at 13:39

The left look a bit silly now.

Cosimo · 16 Mar 2016 at 13:39

anticonscience said:
Don't see a great deal wrong on the face of it. Will see what the detail is all about though.

It looks very reasonable.

413x · 16 Mar 2016 at 13:40

anticonscience said:
Don't see a great deal wrong on the face of it. Will see what the detail is all about though.

Agreed

I want to hear this comedy event incoming tho!

Skillmister · 16 Mar 2016 at 13:41

Having opened my Help to Buy ISA yesterday the lifetime ISA is interesting. Will have to wait on the details though, I wonder if the max bonus will increase from £3,000?

Dr Jack · 16 Mar 2016 at 13:41

John40 said:
The left look a bit silly now.

Really? Osborne misses yet another target as debt-to-GDP goes up. Growth revised down, with a forecast of sub-trend growth for every year of this parliament. Yeah, great show :confused:

413x · 16 Mar 2016 at 13:42

I see all the criticism from labour.. But never any ways to fix things (that would work)

dowie · 16 Mar 2016 at 13:44

Mr Jack said:
You can't cut your way to prosperity.

he's not done too badly tbh... contrast to France for example that elected a left wing govt at around the same time as the Tories gained power, cuts have worked out better than the alternative

Dr Jack · 16 Mar 2016 at 13:45

So despite the increase in debt-to-GDP, and the uprating of the deficit in the coming years, and the downrating of growth, he's still forecasting a surplus in 2019/20. But to hit this target he needs a £30bn shift between his forecast for 2018/90 and for 2019/20 - where is that going to come from?

Azza · 16 Mar 2016 at 13:47

Skillmister said:
Having opened my Help to Buy ISA yesterday the lifetime ISA is interesting. Will have to wait on the details though, I wonder if the max bonus will increase from £3,000?

£1 for every £4 up to a max of £4k p.a.

Efour · 16 Mar 2016 at 13:47

Sugar Tax on Soft drinks. Am i reading this right ?