16-03-2005, 16:36
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#61
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Guest
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Re: The Budget
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Originally Posted by Flubflow
What I want to know is where is this "continuing economic growth" that Gordon keeps telling us about every single budget. Why am I and most of my friends poorer (espeically the ones made redundant or forced out of business) since Labour came into power? Where is this growth in real life here at ground zero? It only seems to exist in Gordon's mind.
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When the next election is on and the Labour candidate comes to my door he better be able to run faster than my dog  .
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16-03-2005, 16:55
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#62
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Inactive
Join Date: Jun 2003
Location: Manchester
Posts: 5,638
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Re: The Budget
see my location - that's my opinion.
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16-03-2005, 17:24
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#63
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Inactive
Join Date: Jun 2003
Location: St Neots
Posts: 872
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Re: The Budget
Well apart from the beer and wine and petrol (in September) I'm no worst off. as I've mentioned before, the raise that was given to the stamp duty won't cut any ice here...
Edit: actually I'll take that back as our house has been valued at around 115K-120K we will slip in just below the new threshold this should make it easier to sell 
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16-03-2005, 17:49
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#64
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Inactive
Join Date: Nov 2003
Location: Teesside
Posts: 1,566
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Re: The Budget
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Originally Posted by Paul
Free bus travel? Well let's face it, with petrol prices sneaking up and down pensioners can only just afford to run their cars  |
That'll be the car they bought and maintain with their hard earned savings which they paid tax on for 50 years or perhaps from a private pension lump sump or income. The kind of thing that prevents them from getting the minimum income top-up that is given free to those pensioners who didn't have the foresight to pay into a private scheme in order to top themselves up a little at retirement.
Edit: I'm actually wondering whether I should frikkin bother paying into my small private pension scheme because, projecting today's figures, I'd be better off spending it on more beer today and I can simply get the minimum income guarantee topup when I retire and be no worse off.
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16-03-2005, 18:38
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#65
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Inactive
Join Date: Feb 2004
Location: <-- Not All there ? Knock Knock
Services: You cannot afford me!!!
Posts: 1,139
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Re: The Budget
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Originally Posted by Scarlett
Well apart from the beer and wine and petrol (in September) I'm no worst off. as I've mentioned before, the raise that was given to the stamp duty won't cut any ice here...
Edit: actually I'll take that back as our house has been valued at around 115K-120K we will slip in just below the new threshold this should make it easier to sell |
thats pretty cool for you but in the majority it wont be. I doubt today you will still be in the same position you or your houses previous owner was in when stamp duty was increased to 60k.
I bought my house for 44k today its worth about 130-140k. Taking into account I bought during the low even then at a high it would have been 10k under stamp duty, so with todays increase it should have been 20k below or so of the new threshold.
Its past prudence and robbing the public that has enabled todays upgrades so to speak and those upgrades really arent giveaways as Im not in the same position I was 10 years ago, Im worse of and so would anyone wanting to buy my house shud I decide to sell in the future.
Theres 2 facts here with stamp duty. more houses even after todays threshold increase will be over that threshold which is a tax *increase*, on top of that house prices have increased and by bundles == a double boner for labour shafting the public up the jacksy
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16-03-2005, 19:10
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#66
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Permanently Banned
Join Date: Mar 2005
Posts: 384
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Re: The Budget
money money money pay pay pay skint skint skint
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16-03-2005, 19:13
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#67
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Dr Pepper Addict
Cable Forum Admin
Join Date: Oct 2003
Location: Nottingham
Age: 63
Services: IDNet FTTP (1000M), Sky Q TV, Sky Mobile, Flextel SIP
Posts: 30,346
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Re: The Budget
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Originally Posted by ian@huth
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I find predictions are more accurate after the event 
__________________
 Baby, I was born this way.
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16-03-2005, 19:18
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#68
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Inactive
Join Date: Nov 2003
Location: Teesside
Posts: 1,566
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Re: The Budget
WTF is "Stamp" duty for anyway. Yeah, Ok, I know it is there to line the governments pockets like other taxes but it kinda sounds like some kind of contrived medieval window tax type thing. Its just daft.
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16-03-2005, 19:21
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#69
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Guest
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Re: The Budget
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Originally Posted by Flubflow
<snip> I know it is there to line the governments pockets like other taxes <snip>
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Lol! I think thats the answer!!!
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16-03-2005, 19:21
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#70
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Inactive
Join Date: Feb 2004
Location: <-- Not All there ? Knock Knock
Services: You cannot afford me!!!
Posts: 1,139
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Re: The Budget
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Originally Posted by Flubflow
WTF is "Stamp" duty for anyway. Yeah, Ok, I know it is there to line the governments pockets like other taxes but it kinda sounds like some kind of contrived medieval window tax type thing. Its just daft.
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Daft for us yes but not for the government, past shows property as a continually growing asset in value, despite the odd low points here and there property on the whole increase so what better way to have a self increasing tax thats the point of it they dont need to put it up it puts itself up.
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16-03-2005, 19:32
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#71
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Inactive
Join Date: Jun 2003
Location: Huthwaite, Nottinghamshire
Services: VM 10Mb, TU, 1xSky HD, 2xSky+ (HD,all packs, sports & movies) 2xDVD PVR's, Freesat Freeview & other
Posts: 4,536
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Re: The Budget
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Originally Posted by Flubflow
WTF is "Stamp" duty for anyway. Yeah, Ok, I know it is there to line the governments pockets like other taxes but it kinda sounds like some kind of contrived medieval window tax type thing. Its just daft.
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From what was said on the news stamp duty was first introduced in the 17th century to help fund the Anglo - French war. It was a duty on any kind of written contract.
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16-03-2005, 19:36
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#72
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Inactive
Join Date: Jun 2003
Location: Milling around Milton Keynes
Age: 48
Posts: 12,969
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Re: The Budget
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Originally Posted by ian@huth
From what was said on the news stamp duty was first introduced in the 17th century to help fund the Anglo - French war. It was a duty on any kind of written contract.
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And income tax was brought in before WW1 as a temporary measure due to protests about an import duty I believe.
It was only supposed to be in place until they found a permanent replacement for the duty!
Ah just found the history of income tax if anyone is interested
http://www.inlandrevenue.gov.uk/history/
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16-03-2005, 19:37
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#73
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Inactive
Join Date: Jun 2003
Location: great yarmouth
Services: Zen Fibre, Asus RT-AC68U
Posts: 900
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Re: The Budget
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16-03-2005, 19:44
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#74
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Inactive
Join Date: Feb 2004
Location: <-- Not All there ? Knock Knock
Services: You cannot afford me!!!
Posts: 1,139
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Re: The Budget
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Originally Posted by deadite66
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We just had a bundle of increases today lilke any budget not everything allways goes up but plenty has and will in the future.
Stamp duty threshold up, but not by enough to be anything other than a tax increase.
Same for inheritence tax
Fags up some booze up (and they will be by now I shud think )
etc, etc, etc.
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16-03-2005, 19:44
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#75
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Inactive
Join Date: Jun 2003
Age: 44
Posts: 14,750
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Re: The Budget
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Originally Posted by ian@huth
From what was said on the news stamp duty was first introduced in the 17th century to help fund the Anglo - French war. It was a duty on any kind of written contract.
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That's true... And the fact that we are still paying it, says something. It was also one of the principal taxes that led to the Boston Tea Party and the American Revolution... So smart move there 
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