Originally Posted by martyh (Post 35414526)

I'm a rolly man so i pay £6.50 every 5 days :D

Originally Posted by Mick (Post 35403422)

So absolutely no incentive for middle earners to join a pension scheme then with that hidden bombshell.


The planned 3p rise in Fuel duty in August will be going ahead, this will be the sting in the tail for many people. If you fill up a car with an average fuel tank capacity of 55 Litres of fuel. You will be paying £1.65 more at the pumps, plus there is the VAT added on top of the fuel purchase itself at 20% rate.

Originally Posted by Traduk (Post 35403485)

For pensioners and pensioners to be today was one heck of a nasty budget.

For those already on pensions, the freezing of the April 2012 level possibly until the general allowances for those under 65 catch up has destroyed a principle set in place in 1957 and revised in 1975. A bedrock protection against living into retirement on a fixed income is in the process of being swept away.

Those who are unfortunate to retire whilst the drift down parity is taking place need not be concerned because from April 2013 (when the freeze begins) nobody retiring will get on it anyway as those retirees are stuck at pre-65 allowances. Loss by exclusion?.

As the vast majority of posters are probably too young to be concerned about retirement the good news is, repeated from last year, longevity is alive and well and a closely scrutinised statistic for elevating the retirement age so that IMO 70 is perhaps a good guestimate for those under 50. Of course many under 50 will never reach 70 but there wouldn't be much point in moving the target if it was achievable.

With the first steps of the privatisation of the NHS almost law, resentful anger about pensions and public sector workers possible regional pay and just about everybody excluding bankers well and truly fed up, we are moving towards the critical mass needed for a Thatcher type passive public backlash.

Any non mainstream parties who fancy their chances in the next election have a chance in a lifetime to court the mass of voters (grey) who Osborne managed to alienate big time.

I suspect a surprisingly small percentage of tax paying grannies lose anything on the allowance claw-back so in one move he got almost the lot. Brown got a small percentage when he scrapped the 10% rate and I suspect that the move was a nail in Liebours coffin. Osborne has trumped that big time like a kid let loose with a nail-gun and the biggest voting bloc , by miles, will not forget. I thought the Cons had a chance of two in a row without the stooges but today it has been blown away.

Originally Posted by Chris (Post 35403492)

I'll have to ask my father in law (the accountant) ... he knows what all the deductions and allowances are. The great thing when your home is the business is that certain household bills, or a proportion of them, become payable by the business. You don't pay tax on the money that pays those bills - only on what you pay yourself as income after all those things are deducted. So we can earn £9k each, pay no income tax on it, and have lower bills to pay out of it.

This is why I think the rapid increase in personal allowance is such a fundamentally good thing. It makes it far easier to plan and to start a small business without worrying about the jump from benefits to low earnings.

Originally Posted by Maggy J (Post 35403744)

The big questions should be.Is this the budget to get the economy moving,growing and get unemployment down.Or is it merely a cost cutting exercise?

Will the super rich actually take their tax cut and invest it in this country or will they just carry on investing it abroad?

Originally Posted by Alan Fry (Post 35414519)

Sorry I was suspended for two weeks

Originally Posted by Sirius (Post 35414537)

It seemed like only yesterday :rolleyes:

Originally Posted by Alan Fry (Post 35414532)

If I was in power, personal allowance would fall! (

Originally Posted by Alan Fry (Post 35414538)

Not to me! :(

Originally Posted by Damien (Post 35404154)

Milband's response to the budget was the strongest I have seen him yet since taking leadership of the party. Asking the front bench how many of them would benefit from the top-rate tax cute was good tv as well his comment, directed at the Prime Minster, that he could now afford his own horse.

Shame he is utterly ineffective the rest of the time. His failure to capitalise in any way whatsoever on the government's unpopularity, the slower than expected recovery and dalliance with another recession and the Lib Dem support utterly deserting them in mind boggling. If they can't capitalise now, at the presumed height of the current governments troubles, then they really are screwed in the general election.

Originally Posted by Sirius (Post 35414539)

If you were in power we would be in serious trouble and i predict a quick assassination of the person in power ;)

---------- Post added at 14:10 ---------- Previous post was at 14:09 ----------



Well i am sure it will not be long before your away again ;)

Originally Posted by mertle (Post 35404400)

One things Osbourne should considered before dropping 50% who these people where. I bet lot prem footballers laughing at payrise wont put into businesses.

Film stars, pop stars how many these was bank bosses, council bosses. Ours earns above this threshold he just been given nice payrise by the move. All these wont re-invest as they dont own businesses.

How many these 50% earners are actually business people who in position to re-invest.

Originally Posted by Arthurgray50@blu (Post 35404159)

Sadly, this is all the Tory party is all about, he has helped the rich, but not the poor worker on the street, or the OAP's.

Smokers and beer has been hit, The Tories are not stupid, they will hit what makes them money, It won't effect anyone who is earning 100.000's a year, its just peanuts, people that buy houses that are worth millions.

What they should have done was to reduce fuel duty to help those who run haulage companies, people that need there cars for work etc. They should have given OAPs decent pensions to live on.

It makes me laugh on tv just now, Cameron has said that he has frozen his wages for this party, but l forgot his wages must be six figures, plus gets expenses, free perks, and goes on two months hold in the summer, with bodyguards paid by the taxman.

What about the poor worker. What he could have done is most of British Lorry drivers drive products that we use on the road, he could have helped them.

Most foriegn drivers that bring products from abroad should pay tax when they arrive in this country as they are on BRITISH SOIL.

Originally Posted by Chrysalis (Post 35404574)

But we already have a low corporation tax.

Australia 30%
Germany 30%
Denmark 25%
France 33%
India 33% (and massive growth)
Japan 40%
New Zealand 28%
Norway 28%

most of the countries with lower rates are ones with higher crimes, more social disorder etc. are we competing against the likes of afghanistan?

Big corp companies are not job creators, small firms are.

Originally Posted by martyh (Post 35404580)

what's wrong with the fourth most attractive country in terms of corporate tax ?.I notice you have tried to justify high corporate tax because India has "massive growth" ,India has some of the lowest wages in the world which more than of sets the high tax

Originally Posted by heero_yuy (Post 35405378)

So the millions of the poorest in society that now won't be paying income tax and the general reduction in income tax for lower and middle classes obviously passed your blinkers by.

Those same blinkers that conveniently forgot about GB's removal of the 10% rate when Labour clobbered the poorest.

Originally Posted by Gary L (Post 35414528)

So am I. I pay £42.50 every 5 weeks to Trev :)

How many grams is the £6.50?

Originally Posted by Sirius (Post 35414537)

It seemed like only yesterday :rolleyes:

Originally Posted by martyh (Post 35414559)

You realise that we have loads more of this twoddle to come, as he catches up with a fortnights posts :(

Originally Posted by Sirius (Post 35414585)

Dont remind me please, At least we know his next holiday will be longer

Originally Posted by Sirius (Post 35414585)

Dont remind me please, At least we know his next holiday will be longer

Originally Posted by Alan Fry (Post 35414954)

I was not on hloiday, I was suspended :(