Emergency Budget

Originally Posted by timwilky

Well fuel will go up as a result of the extra vat.

But remember that is recoverable by business. So it only joe public that will endure that. Increases in duty instead would have had an impact upon business

Of course, I was merely saying that I wouldn't have minded, if it means we clear out debts faster.
I'm not by any means saying whatever I put forward should be what happens, I am not an expert and this is pretty much the first budget I've actually followed properly.

that was the conversation we had this morning 600+ pay more to keep the job etc. As long I still have a job - ha ha ha - I'm just playing the waiting game till my authority tells me in black and white I'm gone! got the nod in December and still waiting

Originally Posted by Milky Bar Kid

If Labour has come into power this time round, the jobs would still have gone. Tories and Lib Dem are just trying to clean up the mess left behind.

Not sure how?? The budget had been published and there were no similar points mentioned.

I might have missed it though so I'm happy to be corrected.

It could have been a lot worse.

Think me and Drew will benefit for once with this budget. An extra £1000 tax free from next year. Council's being supported to lower council tax, no rise in duty on cider and wine etc

The VAT may effect us a bit, however as VAT is only payable on non-essential, and we hardly put fuel in the car now thanks to a change in circumstances, we don't have any children or receive any benefits.

So I'm quite happy!

Originally Posted by 600+

Not sure how?? The budget had been published and there were no similar points mentioned.

I might have missed it though so I'm happy to be corrected.

We were told long before the election that public sector budgets were getting cut and that they were cutting the number of officers too.

My point was that, although the coalition have stopped projects and are getting rid of public sector workers, with Labour, more and more businesses were on the verge of collapsing. The coalition are trying to prevent this IMO.

[gruntygiggles]

I hear what you're saying, but unfortunately, we need the businesses to recover and start making money and creating jobs again before we can start to recover, that is why corporate tax is being dropped and the grants for small and new businesses are being protected.

When business booms, so does everything else.

We'll all feel it a little bit, yes, now is the time to save not spend. Labour made it too easy and gave banks too much license to give people massive credit. No need to go back far to remember what happened with Northern Rock!

It's very unfortunate, but it's a case of us all having to take a short term hit in order to help the country get back on its feet.

Originally Posted by gruntygiggles

I hear what you're saying, but unfortunately, we need the businesses to recover and start making money and creating jobs again before we can start to recover, that is why corporate tax is being dropped and the grants for small and new businesses are being protected.

When business booms, so does everything else.

We'll all feel it a little bit, yes, now is the time to save not spend. Labour made it too easy and gave banks too much license to give people massive credit. No need to go back far to remember what happened with Northern Rock!

It's very unfortunate, but it's a case of us all having to take a short term hit in order to help the country get back on its feet.

Erm, I'm not arguing against that, I am agreeing with it.

[gruntygiggles]

Originally Posted by Milky Bar Kid

We were told long before the election that public sector budgets were getting cut and that they were cutting the number of officers too.

My point was that, although the coalition have stopped projects and are getting rid of public sector workers, with Labour, more and more businesses were on the verge of collapsing. The coalition are trying to prevent this IMO.

Yes Nic...I think the Lib Dems have got a lot of their way in regards to the lower income households......who are getting a good deal from this. The higher your earnings, they more you'll pay, this budget is making that clearer which is a good thing in terms of fairness.

As for businesses on the verge of collapse...bang on, this budget is supporting business. The tax cuts for businesses will directly alow them too afford to keep people on and even create jobs.

Yes, it's a hit for public sector, but private sector have been hit for a good few years now. Start with the corporate regeneration and the rest will follow.

[gruntygiggles]

Originally Posted by Milky Bar Kid

Erm, I'm not arguing against that, I am agreeing with it.

Wasn't aimed at you hun

[timwilky]

So I need to work it out,

I will get an extra grand of tax free allowance, but they are not moving the higher rate threshold, so swings and roundabouts there for me. less 20% but more 40% tax to pay.

VAT, as a tax is strange. I like the idea of taxing expenditure rather than income. However, I fail to see how basic clothing can be considered a luxury. and strange rules about hot/cold food, dining in/out etc. cake or biscuit etc.


When the company I worked for found itself in a financial mess, we employees were forced to endure a pay freeze and restructuring to aid in the recovery. I see little difference in public sector employees having to endure similar when their employer is in financial poo