(Emergency) Budget 2015 - Page 3

papa smurf · 08-07-2015, 19:49

Quote:

Originally Posted by techguyone

I may be wrong but I understand this only to apply to new cars, along with Zero & 'Premium' bands, older cars will be taxed as they are at the moment.

Shame I could have halved my tax if it was retrospective.

mine is £490 per year or £269.50 per 6 months i hate road tax its so unfair

**Hugh** · 08-07-2015, 20:14

Well, mine is £20 per annum, and if it goes up to £140, so be it...

Gary L · 08-07-2015, 20:30

Quote:

Originally Posted by Hugh

Well, mine is £20 per annum, and if it goes up to £140, so be it...

I know a good loan shark if you need one.

papa smurf · 08-07-2015, 20:32

Quote:

Originally Posted by Hugh

Well, mine is £20 per annum, and if it goes up to £140, so be it...

what do you drive a sewing machine

Gary L · 08-07-2015, 20:42

Quote:

Originally Posted by papa smurf

what do you drive a sewing machine

My neighbour pays the same on her "girly car" as she calls it

**Damien** · 08-07-2015, 20:49

Quote:

Originally Posted by martyh

brilliant move ,I wanted the minimum wage scrapped as soon as Labour introduced it ,it just encouraged a race to the bottom.

It would be interesting to see what happened to various wages after it's introduction. I am generally a fan of it as although theoretically the market should correct low pay I think there are limits to that system and there will be a minority of employers that would exploit someone's situation to pay them much less than they should. We see that now with employers employing immigrants that work below minimum wage undermining the salaries of the rest.

Back to this issue though and it is a bit misleading. It does seem that the cut in tax credits does mean that the actual benefit of this to the workers' take home pay may well be limited. However even this would now mean that the Government isn't subsidising low pay and that those workers, combined with the rising of the personal allowance, are seeing their work as the source for that income rather than some of it coming from Government. This makes more sense.

I am surprised there isn't more mention of the Pension-ISA thing. That could lead to a massive change. Removing the tax relief from contributions and to receipt seems a massive loss for savers. The benefit of the current system is that we have a bigger pot from which to see gains in interest. The Government also gets a bigger cut as a result as they do get their 20% back plus 20% of the growth too! (simplistically speaking).

Why change that?

Osem · 08-07-2015, 21:10

Quote:

Originally Posted by Hugh

Well, mine is £20 per annum, and if it goes up to £140, so be it...

It should stay the same just like Osem Jnr's @ £30.

The end of free or very low VED for efficient vehicles had to come sooner or later. I don't suppose that'll make much difference to sales.

08-07-2015, 21:35

Quote:

Originally Posted by Damien

It would be interesting to see what happened to various wages after it's introduction. I am generally a fan of it as although theoretically the market should correct low pay I think there are limits to that system and there will be a minority of employers that would exploit someone's situation to pay them much less than they should. We see that now with employers employing immigrants that work below minimum wage undermining the salaries of the rest.

Wage levels have consistently risen over the last 25yrs according to the ONS ,I think the question is how fast would they have risen without the NMW ,I really do think that wage levels ,particularly in the service areas have been kept artificially low ,but that is just my opinion as I don't have any figures to back it up .An example would be my wifes wage ,she works in a supermarket on checkout and the floor and the only wage rise she ever gets is when the NMW goes up ,the company have never given their own rise instead relying on the government to instigate a rise at the absolute minimum needed

Kursk · 08-07-2015, 22:31

Quote:

Originally Posted by martyh

He was in government??
I thought he was the cabinet tea boy

Yep, you're right

:

**Hugh** · 09-07-2015, 05:25

Quote:

Originally Posted by papa smurf

what do you drive a sewing machine

Focus Estate EcoTec

Russ · 09-07-2015, 05:51

I can't stand 99.9% of politicians so it's always fun to point out when they screw up, especially when it's an attempt come across as 'normal people' and George Osbourne loves to botch opportunities to be seen as an 'ordinary bloke'. Nice to see he refused to fail again yesterday... http://www.mirror.co.uk/news/uk-news...george-6024686

Osem · 09-07-2015, 06:33

Quote:

Originally Posted by Hugh

Focus Estate EcoTec

How many stitches does it do?

techguyone · 09-07-2015, 07:06

Would the current Minimum Wage have been likely to have risen to this 'Living Wage' value anyway in the time scale that is being talked about?

Osem · 09-07-2015, 07:14

That'd depend on how well (or not) the economy does I'd have thought - plenty of uncertain times ahead methinks...

Gavin78 · 09-07-2015, 22:11

I'm all for the wage increase. although what bothers me is I am on just over £9 per hour with the crappy 1% pay increase I am expected to get over the next 4 years.

So someone who has left school never got far in life and can walk into a job any job and be on £9 per hour.

While we all have our places I consider my job to be worth more than say someone serving me coffee in a cafe or stacking shelves in the local Asda which is a kick in the teeth that they will be pretty much on the same wage as me and I have to take into account my job role and what I have to do in it to earn that £9 per hour