March Budget 2016

dowie · 16 Mar 2016 at 13:48

Mr Jack said:
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?

just look at the French for the alternative approach and how that's worked out for them... not well. You can bang on about targets all you like but we've still got one of the fastest growing economies among developed nations and the similar sized economy to our south that decided not to cut and to increase taxes etc.. is in a **** state. Considering the huge impact the financial crisis had on us we're still doing pretty well.

Azza · 16 Mar 2016 at 13:49

Has anyone seen where that bit of cash is coming from at the end of their term to get into a surplus?

dowie · 16 Mar 2016 at 13:49

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

yeah that was surprising, Jamie Oliver will be chuffed

Neil79 · 16 Mar 2016 at 13:51

SPG said:
If your poor your shafted

If you are middle income, you are shafted

If you are Rich... Here take more tax relief. You can now go on more holidays and take that money out of the UK to spend having a good time somewhere else apart from the UK.

If your disabled and or sick, here's some medication to end your life, this government wants you dead

413x · 16 Mar 2016 at 13:51

Unless I'm missing something.. The isa thing seems very good?

Azza · 16 Mar 2016 at 13:53

*invests in sugar-free drinks company*

Mr Jack · 16 Mar 2016 at 13:55

413x said:
Unless I'm missing something.. The isa thing seems very good?

It's very good for the middle classes and the well off.

LiE · 16 Mar 2016 at 13:56

Azza said:
*invests in sugar-free drinks company*

but but these are still soft drinks. Sugar tax didn't specify sugary soft drinks just soft drinks.

Skillmister · 16 Mar 2016 at 13:56

I just bought stockpiles of Aspartame.

Should be a fat tax not a sugar tax.

Tunney · 16 Mar 2016 at 13:57

Feels wrong for me to benefit while the sick and disabled get the boot. I guess the best thing I can do is give the extra money I get from the income tax changes to charity.

Mr Jack · 16 Mar 2016 at 13:57

Decent enough response from Corbyn.

N17 · 16 Mar 2016 at 13:58

Simple way to get more money into the economy, stop spending money on warfare, war and nuclear weapons, oh and sending uniformed terrorists to the middle east.

Mr Jack · 16 Mar 2016 at 13:58

LiE said:
but but these are still soft drinks. Sugar tax didn't specify sugary soft drinks just soft drinks.

Yes, it did.

LiE · 16 Mar 2016 at 13:59

Mr Jack said:
Yes, it did.

Good because that would be terrible.

Skillmister · 16 Mar 2016 at 13:59

Moses said:
Why should it be a fat tax instead of a sugar tax? I'd much rather eat something with 100kcal of fat instead of something with 100kcal of sugar.

I mean a tax on fat people, not a tax on fatty foods.

chief barker · 16 Mar 2016 at 14:01

40p rate shifted.

No one will pay it until they start earning £45,000.

This'll make millions of earners basic rate taxpayers again. It also means the cost of pensions tax relief will reduce.

Clever!

pinkpill · 16 Mar 2016 at 14:01

Jez said:
CGT is a nice boon, good job there.

good for rich wage earners that use cgt to pay there wages.

pinkpill · 16 Mar 2016 at 14:02

N17 said:
Simple way to get more money into the economy, stop spending money on warfare, war and nuclear weapons, oh and sending uniformed terrorists to the middle east.

welfare money goes back into the economy.

John40 · 16 Mar 2016 at 14:03

Tunney said:
Feels wrong for me to benefit while the sick and disabled get the boot. I guess the best thing I can do is give the extra money I get from the income tax changes to charity.

Good for you, I certaintly won't.

Sui · 16 Mar 2016 at 14:03

Skillmister said:
I mean a tax on fat people, not a tax on fatty foods.

People get fat from sugar.