pre Budget report

[amir_j]

Vat down 2.5% "until the end of next year"

Fuel tax /alcohol/cigs duty up to offset the vat cut

somehow thing the latter wont be untill the end of next year

Edited by amir_j on Monday 24th November 16:16

[Mars]

0.5% onto NI too.

[amir_j]

Mars said:

0.5% onto NI too.

From 2011 according to the Guardian, so at least a few years. Still ridiculous

Edited by amir_j on Monday 24th November 16:10

[Bing o]

Higher level of debt vs GDP than in the 70's under the last Labour fk up (8%)

[amir_j]

Grainne Gilmore (guardian):
At last - some comment on Sir James Crosby's mortgage review, which has been put on back burner.. but it sounds like it has been shelved again, with only a consultation being launched. It was first commissioned in April this year, and the Government indicated that it could come up with solution to seizure in mortgage market.

[amir_j]

The Chancellor is going to phase in the road tax increases announced last year.

Edited by amir_j on Monday 24th November 16:22

[Pesty]

Mars said:

0.5% onto NI too.

Thats alright, at least they have not put up income tax.


They really do think we are retards don't they

Edited because I couldn't spell retard

I think they are correct

Edited by Pesty on Monday 24th November 16:45

[youngsyr]

Pesty said:

Mars said:

0.5% onto NI too.

Thats alright, at least they have not put up income tax.


They really do think we are retadrs don't they

They must do, because Darling stated they will: 5% extra on earnings over £150K (if they get in at the next election).

[amir_j]

anyone got the details for this:

4:30pm: Appropriately enough, there's a u-turn on the car tax fuel efficiency bands. The cost of running a large polluting gas-guzzler will rise by less than expected - just £5 a month.

[Mc Lovin]

So pretty much the only people benifiting from this will be the retailers.

Nice.

[ewenm]

amir_j said:

anyone got the details for this:

4:30pm: Appropriately enough, there's a u-turn on the car tax fuel efficiency bands. The cost of running a large polluting gas-guzzler will rise by less than expected - just £5 a month.

THe current bandings will stay in place for next year, each going up by no more than £5. In 2010 they will introduce the re-banding (£400 or whatever for the "most polluting") that was going to happen next year.

[crofty1984]

"All your tax are belong to us"

[anonymous-user]

Mc Lovin said:

So pretty much the only people benifiting from this will be the retailers.

Nice.

Yeah 'cus we're finding things so easy at the moment

[Adam B]

anything on reducing stamp duty? (IMHO the smartest fiscal way to get house prices stabilised, moving activity up, so prices up and consumer confidence up)

[youngsyr]

Adam B said:

anything on reducing stamp duty? (IMHO the smartest fiscal way to get house prices stabilised, moving activity up, so prices up and consumer confidence up)

Not that I heard.

[Viggo]

amir_j said:

Vat down 2.5% "until the end of next year"

Fuel tax /alcohol/cigs duty up to offset the vat cut

somehow thing the latter wont be untill the end of next year

As I understand it, the VAT cut comes in from Monday, but doesn't include booze/cigs, so they are not actually going up.

[Zod]

Adam B said:

anything on reducing stamp duty? (IMHO the smartest fiscal way to get house prices stabilised, moving activity up, so prices up and consumer confidence up)

yes, but it would be an admission of error and would go against deep-seated ideological beliefs.

[anonymous-user]

Adam B said:

anything on reducing stamp duty? (IMHO the smartest fiscal way to get house prices stabilised, moving activity up, so prices up and consumer confidence up)

Stamp duty could be abolished-it wouldn't sort this mess out! The market is going one way & one way only & 1st time buyers(the lift blood) know it..........

[Mc Lovin]

Dave_ST220 said:

Mc Lovin said:

So pretty much the only people benifiting from this will be the retailers.

Nice.

Yeah 'cus we're finding things so easy at the moment

Yeah, beacause everyone else is having such a good time as well eh?!

[NiceCupOfTea]

crofty1984 said:

"All your money are belong to us"

EFA.

So,

• VAT down to encourage people into shops.
• As somebody else pointed out on a different thread, plan backfires as £9.99 item will remain at £9.99 and not £9.78, retailer will hang onto extra (understandably)
• Fuel, booze & cigaratte duty increased
• NI increased.

So, of course, we are worse off! How stupid do they think we are? Answer: very, and in most cases probably right