The Budget
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- pillhead0
20% rise, dam that going to hurt.
- MrMackem0
Personal income tax allowance up by a bag of sand.
- Ranger0
Mr Sidebottom is better off out of it.
- Kidswift0
Long and short of it is - great if your a pensioner, cluster fuck for everyone else...
- 23kon0
wtf is child tax credit all about?
folk with kids should have to pay extra money either in tax or council taxes to fund schools etc I reckon rather than it being a flat rate for everyone.
childless professionals would be paying less council tax so its extra money to save towards their first mortgage- with on that.Wolfboy
- with you on that.Wolfboy
- and if you have kids do you then have to pay increased tax to refund all those "credits" you've had?jamble
- no the credit exists. its money you get back if you HAVE kids in the first place. like a rebate of taxes23kon
- It's the governments hope you'll have more kids who will grow up to be taxpaying citizens.eegrek
- dude, we live in a society. Can't be "I'm alright Jack, fuck you." We need to help people who need it.Melanie
- lol 23kon - trust me you don't get any tax credits if you earn anything barely above a liveable income. Tax credits are there to help low income families whofadein11
- need it way more than young singletons saving for their first mortgage. I know this from experience not opinion.fadein11
- Kidswift0
Corporation tax to be reduced, are you fucking with me???
While Public sector to be hit with 25% of budget cuts not including the NHS thank fuck...
- babaganush0
In fairness (begrudgingly) to the tories, it was always going to be a mare for whoever had to do this budget.
However, I think the proportion of millionaires in the cabinet stinks and as much as they even try, how can they really put themselves in the shoes of the people affected most.
If you're not rich and voted tory...this is what you've contributed to.
- boobs0
Why are they cutting deficit spending before the recession is fully over? They're going to plunge the UK into another recession--a deeper, worse one.
- ckentish0
George Osborne is the ultimate toryboy slimeball.
yep it was always going to be unpopular but how can anyone trust a bunch of rich toffs tackling the problems that will hit normal people hardest... I am proud to say I am not responsible for the coming wave of shitstorm.
- raf0
Lower corporate tax – good.
Higher VAT – very bad.All they will achieve with the VAT rise is they will suffocate the economy even further. They will collect less tax – this is economy 101.
People spending less on goods and services due to tax being higher -> less tax collected.
Less goods and services sold -> less work for people producing and selling. Less work -> less money people have to spend -> less spending -> less tax collected. Also, higher welfare costs.UK grabbed a sizable chunk of Irish economy when they lowered their vat to 15% for a year – everyone went either online or to the Northern Ireland border when doing serious shopping last year. Computers, furniture, cars... It's hard to find an Irish person who did not shop in the UK in 2009.
Those days are over I guess.
- Ranger0
Considering they've not been in power for the last 13 years I'm not sure I can sit too happy with blaming them for having to sort it out. Everyone loves to hate the tories and I am in no way a supporter of them but I can see the alternative of pumping more money into a system that cannot support itself and is causing more debt doesn't make sense.
- lowimpakt0
oh look. get public sector workers to pay for the mess created by the bankers.
typical tory shite.
Cameron was forced to admit their so called pay freeze was actually a cut.
- maikel0
'hit the bankers'
Actually they pay shitloads of taxes (if they don't dodge them, that is).I think it is slightly more dignified being a banker that sitting on your arse for two generations waiting for the welfare state to pay the bill for you house, your kids, your fucking everything... and not even trying to get a motherfucking job.
Welcome to Britain.
- People who are bankers, generally weren't born into poverty.lukus_W
- Ranger0
I think the problem is more that the majority of the developed world has been living on credit for over a decade now. In the UK the house prices are ridiculous and have lost all connection to what people actually can afford. It is a mentality that fed down from government, promoting a keeping up with the Jones' mentality, borrow now, keep spending or be left behind. It fed down into banks, anyone who voiced doubt was swept aside as being weak or over cautious. The fact is that if everyone lives beyond their means it is going to all come crashing down one day.
- It was a Tory government that promoted 'right to buy' .. that's part of the reason house prices are so crazy.lukus_W
- lowimpakt0
the credit system means that consumers and business take all the risk and banker enjoy the profit.
- raf0
Banks have government guarantees, whatever they do, is risk free – this is why they will always be careless. It's not the bankers' fault, it's the government's. Which of course, gave the guarantees out of care for the common man's savings.
- http://en.wikipedia.…lukus_W
- < bankers are greedy, self interested bastards -> they'll take everything they can without intervention.lukus_W