March Budget 2016

Jez said:
Hardly, its capped at just £4k....
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Who do you think can afford to put £4k a year into their savings? The median income in this country is around just £21k a year. Do you think someone on £21k can afford to put £4k/year into their savings?

Also, while the government bonus tops out at £4k, the tax free ISA element is being raised to £20k a year. Only the very rich few can afford to save £20k a year.
 
Former treasurer guy on BBC analysis saying the sugar tax announcement was just something to be the headline grabber in the papers and around the water cooler to detract from the poor state of the countries finances.

Also saying the treasury can just move the numbers around to show what they want it to, hence I guess this 'surplus' from out of nowhere at the end of this term

Lies, damn lies, statistics and accountancy :p
 
Mr Jack said:
Who do you think can afford to put £4k a year into their savings? The median income in this country is around just £21k a year. Do you think someone on £21k can afford to put £4k/year into their savings?

Also, while the government bonus tops out at £4k, the tax free ISA element is being raised to £20k a year. Only the very rich few can afford to save £20k a year.
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Ooh apologies I classed middle income as 27ish
Actually would you really class 'middle class' as 21k? I don't think you would

Maybe I read mean. (I know the difference!)
 
Skillmister said:
Hundreds, thousands, millions of people manage to consume sugar in moderation without getting fat so why should it be more expensive for them because some can't?

People also get fat from crisps. Should we have a potato tax?
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Except they don't, just burning off the energy is not enough.
People who consume large amounts of sugar are at just as much risk of things like diabetes as obese people. With lots of studies to back this up. For the most part it is not obesity that causes issues, it's the underlying affects which thin people are just as prone to. It's just fat people are more likely to have high sugar intake, but doesn't mean thin people don't either.

Is why I have a little chuckle at body builders who consume mountains of sugar going its ok I burn it off, when the evidence says otherwise.

But it's going to make sod all difference apart from income, 520m a year. How many cans of soda are sold. It's going to be a fraction of a penny.
 
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Wonder if soft drink maufacturers might start producing 'add your own sugar', alternative soft drinks in order to avoid the tax, much like 'shake 'n' salt crisps'.
 
Well, it's a good budget for the Cheesyboy household.

Not sure why you would give owner-occupier households with two professionals a boost in the face of The Austerity, but I guess poor people are already pretty comfortable.
 
Think for us its still better to overpay the mortgage by 8k a year, would save more than 2k in interest i'm sure, need to do some maths though to make sure.
 
robj20 said:
Think for us its still better to overpay the mortgage by 8k a year, would save more than 2k in interest i'm sure, need to do some maths though to make sure.
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It's hilarious isn't it. It might actually be beneficial to borrow money to take advantage of the Lifetime ISA. 25% bonus and ongoing interest.

It also builds up long term liabilities for the government when pensions are also expected balloon.
 
413x said:
Far as I can see (especially from a selfish point of viewers) it's really good

I have no kids
I earn an ok amount (nothing spectacular)
I can maximise the isa
The tax free allowance
I don't really need anything but core public services
Sugary drinks I don't like
Fuel is frozen

The only bit of bad I can see is the insurance tax. Which is invisible anyway

Personally. Very good. I can see how poorer seem a bit.. Shafted
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should have expanded sugar tax to foods.
 
413x said:
Ooh apologies I classed middle income as 27ish
Actually would you really class 'middle class' as 21k? I don't think you would
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No, I wouldn't. Although I think this is part of the problem: we act like our view of middle classes corresponds to the middle part of the income/wealth scale when, in fact, it corresponds to a pretty rich segment. The kind of people I would think of as middle class and rich are the kind of people who could put £4k into an account and net an extra 25% each year.

Maybe I read mean. (I know the difference!)
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£27k is about the mean salary, IIRC :)
 
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