Budget Day (16/03/16)

Tudor

Tudor

Vital Football Legend
George Osbourne announces the government's budget at 15:30 today. No doubt we'll get the usual tax increases on alcohol, fuel and a cut on government spending.

BAH! :101:
 
Buzz Lightyear - 16/3/2016 12:25

they reckon because of the drop in oil prices he can put 2p or more on a litre which means prices will go up again.
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The complete and utter :098: how can he get away with that?
 
Because the price has fallen dramatically, he can put 2 p back on without what he thinks will be any backlash, but will he consider that the price rise will not be passed on to the customer, the only ones to benefit from this will be those who have an index linked pension based on the CPI which will obviously rise next year, but then i again like most i am guessing until it happens
 
Budget at a glance

http://www.bbc.co.uk/news/uk-politics-35819797

Personal taxation

The threshold at which people pay 40% tax will rise from £42,385 to £45,000 in April 2017
Tax-free personal allowance to rise to £11,500 in April 2017
Capital Gains Tax to be cut from 28% to 20%, and from 18% to 10% for basic-rate taxpayers
1% rise in insurance premium tax
________________________________________
Alcohol, tobacco, gambling and fuel
Fuel duty to be frozen for sixth year in a row
Beer, cider, and spirits duties to be frozen
Excise duties on tobacco to rise by 2% above inflation
________________________________________
Pensions and savings
Annual Isa limit to rise from £15,000 to £20,000
 
Old solutions for old problems.
Rinse and repeat …….

1920s/2000s – high inequality, high banker pay, low regulation, low taxes for the wealthy, robber barons (CEOs), globalisation phase
1929/2008 – Wall Street crash
1930s/2010s – Global recession, currency wars, rising nationalism and extremism
It’s Keynes time.
Unfettered capitalism always plays out the same way no matter how you dress it up.
He could have raised well over a billion pounds per year simply by legitimising cannabis, look at Colorado, their education system is awash with cash because they ring fenced the duty raised.


 
Brutto - 16/3/2016 19:22

Old solutions for old problems.
Rinse and repeat …….

1920s/2000s – high inequality, high banker pay, low regulation, low taxes for the wealthy, robber barons (CEOs), globalisation phase
1929/2008 – Wall Street crash
1930s/2010s – Global recession, currency wars, rising nationalism and extremism
It’s Keynes time.
Unfettered capitalism always plays out the same way no matter how you dress it up.
He could have raised well over a billion pounds per year simply by legitimising cannabis, look at Colorado, their education system is awash with cash because they ring fenced the duty raised.
Click to expand...

Did you read the news report the other day of the woman who smoked cannabis at a party and killed her own daughter in the subsequent car crash as she drove home afterwards?

 
Let's not bring up Colorado when it comes to cannabis, because that business is being overrun by corporation who are looking to get as many tax breaks as possible in order to make as much money as they can.

It might have a tax boost now, but that will soon disappear.
 
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