Stamp duty scrapped for homes below £250,000 for first-time buyers
£2.5bn support for small business to boost skills and innovation
No changes to VAT or income tax planned
Inheritance tax threshold frozen for four years
On track to achieve £11bn efficiency savings target
Reform of housing benefit to save £250m
15,000 civil servants to be relocated outside London
£2bn investment bank to back low-carbon industries
[cite]Posted By: se9addick[/cite]Hopefully buying my first home this year (and I doub't I'll be getting a place worth over £250k!!) so pretty good for me.
It's odd that they single out a particular type of alcohol (i.e.Cider) - what would be the thinking behind that ?
Do not attempt to better yourself, we will tax you. Do not buy a nice house, we will tax you. Stay at home, and be a bum. But don't drink Cider for some reason
When does the stamp duty thing kick in? Have they said.
(Am due to complete by 30th April and at the moment, I'm paying £1,650 stamp duty on my 2 bed flat. Although having a house with the ex-Mrs previously, I'm considered a first-time buyer for mortgage purposes, so hopefully will be the same for the stamp duty.)
[cite]Posted By: JohnBoyUK[/cite]When does the stamp duty thing kick in? Have they said.
(Am due to complete by 30th April and at the moment, I'm paying £1,650 stamp duty on my 2 bed flat. Although having a house with the ex-Mrs previously, I'm considered a first-time buyer for mortgage purposes, so hopefully will be the same for the stamp duty.)
[cite]Posted By: BlackForestReds[/cite]Stamp duty scrapped for homes below £250,000 for first-time buyers
£2.5bn support for small business to boost skills and innovation
No changes to VAT or income tax planned
Inheritance tax threshold frozen for four years
Well he'd like you to think there were no changes to income tax wouldn't he? Did you see anything about increases to personal allowances? No. That means as a percentage of our wages, we'll all be paying more tax. It's called incremental drift I think.
What else didn't he mention? Well even on his own figures, government borrowing is 27 times more now than it was in 1997. National debt will be £1.3 trillion by 2015 (and rising) Oh, that doesn't even included the unfunded £500bn liability for public sector pensions. The trade deficit has hit an annual rate of £7bn and business investment has fallen by 5%.
In 2000, three years into the Labour administration, the government spent £343 billion. This year it plans to spend £653bn: nearly twice as much.
If it had only grown in line with inflation since 2000, government spending would now be £407bn – £246bn less than this year's proposal.
That's enough to wipe out a £118bn deficit, abolish VAT entirely, cut corporation tax to match Ireland's 12.5%, abolish Council Tax, and still have £10bn spare.
By the way, starting on January 1st, we didn't earn anything for ourselves until 14th May last year, This means that for 134 days of the year, every penny earned by the average UK resident was taken to support government expenditures. I look forward to seeing what "tax freedom day" is in 2010!
Last one out turn off the lights.
Historically, the duty on cider has been less than the tax on beer, which is why it's long been a cheap way to get drunk. There's no real justification for this, hence the correction.
Comments
£2.5bn support for small business to boost skills and innovation
No changes to VAT or income tax planned
Inheritance tax threshold frozen for four years
Well it was originally but they moved it to this week cos its the general election next week
Well i don't like cider and will probably never own a home worth £1m so i'm staying!
Or is that no what the budget is. I hate politics.
Tobacco duty up 1% this year and 2% a year in future years
Reform of housing benefit to save £250m
15,000 civil servants to be relocated outside London
£2bn investment bank to back low-carbon industries
Borrowing to fall from £131bn in 2011-12 to £74bn in 2014-15
You wait till the tramps see this, they're gonna go nuts!!!!
Oh well, Merrydown could only be £2 a bottle for so long... ;'(
It's odd that they single out a particular type of alcohol (i.e.Cider) - what would be the thinking behind that ?
Under age drinking at a guess.
Ahh so its not just me being a bellend (well i spose it always is to a certain extent) cool.
Would it not encourage pubs and supermarkets to use UK based manufacturers? (thats a guess)....or is that for import duty?
Ru mate. You do make me laugh.
Posted by: Labour Government
Do not attempt to better yourself, we will tax you. Do not buy a nice house, we will tax you. Stay at home, and be a bum. But don't drink Cider for some reason
(Am due to complete by 30th April and at the moment, I'm paying £1,650 stamp duty on my 2 bed flat. Although having a house with the ex-Mrs previously, I'm considered a first-time buyer for mortgage purposes, so hopefully will be the same for the stamp duty.)
It's not stamp duty that's the problem, it's the supply of decent housing for a reasonable price to young people earning under £30k
Midnight tonight.
Well he'd like you to think there were no changes to income tax wouldn't he? Did you see anything about increases to personal allowances? No. That means as a percentage of our wages, we'll all be paying more tax. It's called incremental drift I think.
What else didn't he mention? Well even on his own figures, government borrowing is 27 times more now than it was in 1997. National debt will be £1.3 trillion by 2015 (and rising) Oh, that doesn't even included the unfunded £500bn liability for public sector pensions. The trade deficit has hit an annual rate of £7bn and business investment has fallen by 5%.
In 2000, three years into the Labour administration, the government spent £343 billion. This year it plans to spend £653bn: nearly twice as much.
If it had only grown in line with inflation since 2000, government spending would now be £407bn – £246bn less than this year's proposal.
That's enough to wipe out a £118bn deficit, abolish VAT entirely, cut corporation tax to match Ireland's 12.5%, abolish Council Tax, and still have £10bn spare.
By the way, starting on January 1st, we didn't earn anything for ourselves until 14th May last year, This means that for 134 days of the year, every penny earned by the average UK resident was taken to support government expenditures. I look forward to seeing what "tax freedom day" is in 2010!
Last one out turn off the lights.
Why is there a justification for excessive tax on anything ....?