ChatterBank0 min ago
The Budget: Anyone Feeling Better Off?
Hi! Did you enjoy George's 62 minute speech?
http://
A few bits:
* The annual Isa limit for regular Isas for all age groups is to rise from £15,000 to £20,000.
* The higher rate threshold will increase to £43,000 in April, and now Mr Osborne has said it will go up to £45,000 in April next year.
* A sugar levy was announced by the chancellor that may change the sugar content of fizzy drinks. This is applied to businesses, not on the consumer directly.
* Excise duties on tobacco will rise by 2% above inflation.
* A rise in Insurance Premium Tax. This was last raised from 6% of an insurance premium to 9.5% in November - a move that the Association of British Insurers (ABI) says added nearly £13 to the average comprehensive motor insurance policy. Now Mr Osborne has announced that this will rise again to 10%.
Anyone feeling better off?
http://
A few bits:
* The annual Isa limit for regular Isas for all age groups is to rise from £15,000 to £20,000.
* The higher rate threshold will increase to £43,000 in April, and now Mr Osborne has said it will go up to £45,000 in April next year.
* A sugar levy was announced by the chancellor that may change the sugar content of fizzy drinks. This is applied to businesses, not on the consumer directly.
* Excise duties on tobacco will rise by 2% above inflation.
* A rise in Insurance Premium Tax. This was last raised from 6% of an insurance premium to 9.5% in November - a move that the Association of British Insurers (ABI) says added nearly £13 to the average comprehensive motor insurance policy. Now Mr Osborne has announced that this will rise again to 10%.
Anyone feeling better off?
Answers
All of the calculated losses and gains prove my point:
Plus £13; No Change; £5.25; £5; £6; £1.68; .70p.
The country has debts of over £1,000 billion pounds. That’s over £15,000 for every man, woman and child in the country. Yet here we have dozens of politicians employing an army of scribes, analysts and advisors to produce measures which make virtually no significant difference to anybody. The cost of these unproductive drones and lackeys must be enormous. This does not of course consider the costs involved in actually implementing the changes. Any small gains will be more than wiped out by measures not mentioned in the budget (my Council Tax is set to increase by 4%; my telephone rental bill has just increased by 14% of which a fifth is VAT).
The country is mired in debt but instead of tackling it politicians spend their time fannying about with pennies. What a bloody farce!!!
Plus £13; No Change; £5.25; £5; £6; £1.68; .70p.
The country has debts of over £1,000 billion pounds. That’s over £15,000 for every man, woman and child in the country. Yet here we have dozens of politicians employing an army of scribes, analysts and advisors to produce measures which make virtually no significant difference to anybody. The cost of these unproductive drones and lackeys must be enormous. This does not of course consider the costs involved in actually implementing the changes. Any small gains will be more than wiped out by measures not mentioned in the budget (my Council Tax is set to increase by 4%; my telephone rental bill has just increased by 14% of which a fifth is VAT).
The country is mired in debt but instead of tackling it politicians spend their time fannying about with pennies. What a bloody farce!!!
Just checked, Rates are up over £3.00 p.m., so that's half gone already. Looking at other increases in bills I reckon I'm slightly worse off. Then if you add in the fact that I'm getting virtually nothing on savings I'm definitely worse off.
At best I am standing still. Suspect that if I probe further I shall be a bit worse off.
At best I am standing still. Suspect that if I probe further I shall be a bit worse off.
Using the calculator Islay mentioned: http://
Might have a go on the bridge.
Might have a go on the bridge.
But Ab Editor if you save it for a year you buy a decent bottle of whiskey!!
" Buried in the documents accompanying Wednesday’s Budget statement was a statistic the Chancellor George Osborne wasn’t keen to shout about.
The Office for Budget Responsibility (OBR) has quietly revised up its forecast for the likely losses on the taxpayer’s stake in RBS to an eye-watering £22bn – nearly half of the £45.5bn we paid to bail the bank out after the crash.|"
http://
(Gordon Brown's gold sell out cost UK taxpayer around £2 billion)
The Office for Budget Responsibility (OBR) has quietly revised up its forecast for the likely losses on the taxpayer’s stake in RBS to an eye-watering £22bn – nearly half of the £45.5bn we paid to bail the bank out after the crash.|"
http://
(Gordon Brown's gold sell out cost UK taxpayer around £2 billion)
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