Emergency Budget

[gruntygiggles]

Originally Posted by rowdy

Personally, I don't really know the workings of it, but my wifes business is a hairdressers, so unless she increases prices every time there is a VAT increase she will feel the difference, and two fold as well as she is paying higher prices for the stock that she buys.

Edit; She has only just put the price up recently to cover the last VAT increase.

She should be claiming back the VAT on expenses and there are ways to ensure that your wife can keep prices the same by cutting on overheads. Just have to get savvy for a while. Now is the time to reassess all the suppliers, shop around for alternatives that will offer a better deal.

Find a USP (Unique Selling Point) for the Salon. Come up with some new offers for clients.

Your wife could look into studying part time (some tax relief may come from that too) and start producing her own products for the salon and even selling them externally.

Sounds crazy, but an ex marine that Dan knows was stationed out on an oil rig after leaving the forces I think. He was bored, so did an OU degree in chemistry and when he got home, started producing hair products in his conservatory. He's now a millionnaire and his products are sold in Harrods and all over America.

Where there's a will, there's a way.

[punyXpress]

[QUOTE=anna;2302195]I appreciate the balance of the economy, but this government has already proven that it doesnt fully appreciate this when they cut the budget for forgemasters.

So, the previous P.M. promised to give Forgemasters a loan when he didn't have the cash?It's amazing, but predicatable, to see the usual suspects threatening strikes etc when it is THEIR MAN who caused so much of the problem!

[Dave20046]

I'm not pregnant , I don't buy things and I work for a private company...have I dodged the bullets?

[yorkie_chris]

Originally Posted by 600+

The way I see it MBK is that with Labour more people had a job! This means they could pay tax and less were on the doll!

The increase in spending was a must to keep the GB market going.

Bare in mind that people without a job will become depressed!! Remember from history the Thatcher years? And I say from history as we are not that old to have lived through it.

I personally prefer to have a job and a house and pay higher taxes than no job, no house and higher taxes.

A completely unnatural state of affairs though,

It is better to have a million people on the dole at £50/wk than working for the council and adding no value to Great Britain for £300/wk.

completely goes against all principals of the creation of wealth.

[dizzyblonde]

I'm moving to France.

That is all.

Originally Posted by Owenski

Bingo

Side note/rant: Pi55es me off that I've been careful with money. I've no credit card no loans etc my only dept is a mortgage which been a homeowner at 25 is a given. So I've not got many "nice" things, no LCD telly, I dont even have a car, for me it was either the bike or a car, not get a loan and do both.
Now because every norman and his wife tried keeping up with the Jones' and got a visa so they could get thier telly, get thier 2nd car and take a holiday.
Its f'kin muggins here thats got to pay increased taxes to pay back the money they couldnt afford to. Sickens me.

Oi, i have a car bike both bought with loans a mortgage, and overdraughts, and another loan, and i have been paying them religiously for years, in fact on the 10th of next month one of the loans finishes that costs 378 quid a month, i don't think you are paying for those. Imo most of these depts were from the tossers that thought buy to let was a good idea and when they couldn't afford the repayments just went bankrupt, so there . Ps i have an Lcd tele as well.

[yorkie_chris]

Actually that's fine too, because then the bank owns and resells the collateral (the house!)

Problem comes from 100%+ mortgages and unsecured loans.

Originally Posted by yorkie_chris

Actually that's fine too, because then the bank owns and resells the collateral (the house!)

Problem comes from 100%+ mortgages and unsecured loans.

Yeah but usually at a loss.

[yorkie_chris]

So lose £20,000 due to a drop in house prices and theoretically an interest only 100% mortgage.

Far better than losing £30,000 from somebody who did not pay his credit card bill from shagging hookers in Thailand!

[timwilky]

According to the BBC calculator I will be £208 worse off. However my wife will be £296 better off.

Should she sub me what the government have ripped me for.


then of course everything costs 2.5% more as well. Thank you Mr Osbourne I do like paying for others excess.