News1 min ago
Budget
Help for the lower paid???
A £1000 increase in their tax allowance...so far so good
Vat going up by 2.5% to 20%
Child benefit frozen for 3 years
As most of the lower paid earnings are spent on consumables won't they be worse off?
A £1000 increase in their tax allowance...so far so good
Vat going up by 2.5% to 20%
Child benefit frozen for 3 years
As most of the lower paid earnings are spent on consumables won't they be worse off?
Answers
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No best answer has yet been selected by rov1200. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.The overall impact is that the benefit of the tax allowance is going to be wiped out , by the other reductions and cuts in spending .
It's a classic case of giving a little with one hand but taking a lot with the other .
The poorest in society is going to be hit hardest - I can see no evidence that the rich is going to bear more pain than the poorest , as osbourne has tried to sell this .
It's a classic case of giving a little with one hand but taking a lot with the other .
The poorest in society is going to be hit hardest - I can see no evidence that the rich is going to bear more pain than the poorest , as osbourne has tried to sell this .
There is VAT on the sale of hot foods. The less disposable income that people have, then a higher proportion has to be spent on the necessities of life such as gas and electricity, and on petrol or diesel to get to work (often low paid), if they are lucky enough to own a car. There is even VAT on some pet foods which affects pensioners whose only companion is often a pet. The increase in VAT does nobody any good, but does not affect the lifestyle of the rich in the way it affects people on lower incomes.
I see he is clamping down on these excessive housing benifits. He is putting a cap on what can be paid out . Some families were being paid almost £200k a year
e.g . One family had 7 children and were housed in a big expensive house and £75k was quite a common occurrence throughout the country.
http://www.timesonlin...cs/article6860248.ece
e.g . One family had 7 children and were housed in a big expensive house and £75k was quite a common occurrence throughout the country.
http://www.timesonlin...cs/article6860248.ece