Poll: The Budget

What is your opinion of this budget ?

  • Very satisfied

    Votes: 26 6.6%

  • Reasonably satisfied

    Votes: 121 30.6%

  • Neutral

    Votes: 103 26.0%

  • Somewhat dissatisfied

    Votes: 79 19.9%

  • Very dissatisfied

    Votes: 67 16.9%
  • Total voters
    396
RDM said:
But they never got the £11,588. The £11,441 will still be more money than they currently get. They will be better off, just not as well off as they would have been.

I think a pensioner needs to have an income of over £100,000 before they are actually worse off as far as tax goes!
Click to expand...

Your making my brain hurt :p

They do get the £11,588...., someone on £12,000 pension right now, this current financial year, 2011/12, will have taken home £11,588.

A new pensioner in 2013/14 on £12k will take home £11,441....how hard is that to understand :confused:

Michael Portillo on This Week put forward exactly the same argument as you and others are trying to make and the other 3 people in the studio just pulled a face and looked at him like he was an idiot...
 
Last edited:
Freakbro said:
Your making my brain hurt :p

They do get the £11,588...., someone on £12,000 pension right now, this current financial year, 2011/12, will have taken home £11,588.

A new pensioner in 2013/14 on £12k will take home £11,441....how hard is that to understand :confused:

Michael Portillo on This Week put forward exactly the same argument as you and others are trying to make and the other 3 people in the studio just pulled a face and looked at him like he was an idiot...
Click to expand...

The clue is in the word "new".
 
Freakbro said:
So you now admit they will be worse off than if the changes had not happened?
Click to expand...

No, they would be better off if the changes had happened. :D

They will still be better off because, as you have so helpfully pointed out, they will no longer be paying NI.

Here is the important bit. no one will be paying more money in income tax than they are currently due to the changes (unless their income is around £100,000). Most will in fact be paying less money in income tax. How can paying less than you are currently be "worse off"?
 
All arguments about being better/worse are completely pointless if inflation/RPI/cost of living are ignored.

Inflation is a stealth tax, which anybody who doesn't get above the rate/equal to the rate as a pay rise this year is paying.
 
You must log in or register to reply here.
Back
Top Bottom