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Budget 2018

24

Comments

  • Chippycafc
    Chippycafc Posts: 14,148
    More money for defence.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,621
    edited October 2018
    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

  • blackpool72
    blackpool72 Posts: 23,679
    Ian Blackford of the SNP looks like he's about to explode.
  • blackpool72
    blackpool72 Posts: 23,679
    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,621
    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
    Shadow Chancellor is John McDonnell

    Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.

  • blackpool72
    blackpool72 Posts: 23,679
    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
    Shadow Chancellor is John McDonnell

    Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.

    Fair enough.
    My point still stands though despite my spelling mistake.

    Old McDonald would probably agree with me if he was still alive. 😁
  • Chippycafc
    Chippycafc Posts: 14,148
    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
    Shadow Chancellor is John McDonnell

    Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.

    Fair enough.
    My point still stands though despite my spelling mistake.

    Old McDonald would probably agree with me if he was still alive. 😁
    Spelling mistakes hey... Now getting picked up on this thread.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,621
    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
    Shadow Chancellor is John McDonnell

    Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.

    Fair enough.
    My point still stands though despite my spelling mistake.

    Old McDonald would probably agree with me if he was still alive. 😁
    Eieio

  • blackpool72
    blackpool72 Posts: 23,679
    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
    Shadow Chancellor is John McDonnell

    Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.

    Fair enough.
    My point still stands though despite my spelling mistake.

    Old McDonald would probably agree with me if he was still alive. 😁
    Eieio

    Even I had to give you a lol.
    Very good.
  • kentaddick
    kentaddick Posts: 18,729
    edited October 2018
    MuttleyCAFC said:

    Wasn't we told this budget would signal the end of austerity? Any signs of that?

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  • guinnessaddick
    guinnessaddick Posts: 28,633
    Rob7Lee said:

    Seems a reasonable autumn statement.

    Only if there is a Brexit deal, it goes out the window, if there is a no deal Brexit.
  • carly burn
    carly burn Posts: 19,459
    I thought any increases in tax threshold was going to be postponed.
    Keeping it and moving it to the manifesto promised rate a year early is a of suprise.
  • MuttleyCAFC
    MuttleyCAFC Posts: 47,729
    kentaddick said:

    MuttleyCAFC said:

    Wasn't we told this budget would signal the end of austerity? Any signs of that?

    Brexit permitting!
  • golfaddick
    golfaddick Posts: 33,628
    edited October 2018
    Surprisingly there was no changes to the Pensions Annual Allowance or the Lifetime Allowance (apart from the increase in line with CPI to £1.055m). It was mooted that the AA would be cut from its current £40k level and/or the tapered amount would drop from the current £150k level.

    bloody annoying......would have given me a reason to ring all my clients.
  • Johnnysummers5
    Johnnysummers5 Posts: 8,469
    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    ShootersHillGuru said:

    blackpool72 said:

    BigRedEvil said:

    From April next year, the personal allowance will be £12,500 and the Higher Rate Threshold will be £50,000.

    One year earlier than promised.
    Still not good enough for Corbyn and McDonald though.
    Ramsey or Old ?

    Explain.
    Shadow Chancellor is John McDonnell

    Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.

    Fair enough.
    My point still stands though despite my spelling mistake.

    Old McDonald would probably agree with me if he was still alive. 😁
    Eieio

    I thought you were talking about Tony Adams
  • SELR_addicks
    SELR_addicks Posts: 15,448
    Take the whole budget with a pinch of salt as Hammond has zero clue about what finances will be like after Brexit.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,621
    A no deal Brexit would mean another budget and much of that spending spree cut or curtailed. I would actually pay good money to see that speech.
  • stop_shouting
    stop_shouting Posts: 3,680
    Good budget and something for everyone. Corbyn showed his true colours with his embarrassing rant and proved why labour are unelectable under his stewardship. Bravo 👏
  • McBobbin
    McBobbin Posts: 12,051
    Any more for the police?
  • MuttleyCAFC
    MuttleyCAFC Posts: 47,729
    Previous experience should tell us a budget should always be assessed a few days later.
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  • stop_shouting
    stop_shouting Posts: 3,680
    McBobbin said:

    Any more for the police?

    Yep - £160m for counter terrorism.
  • SELR_addicks
    SELR_addicks Posts: 15,448
    stop shouting said:

    Good budget and something for everyone. Corbyn showed his true colours with his embarrassing rant and proved why labour are unelectable under his stewardship. Bravo 👏

    Nothing for critically underfunded SEND and mainstream schools.

    So thanks but no thanks.
  • Rob7Lee
    Rob7Lee Posts: 9,595
    golfaddick said:

    Surprisingly there was no changes to the Pensions Annual Allowance or the Lifetime Allowance (apart from the increase in line with CPI to £1.055m). It was mooted that the AA would be cut from its current £40k level and/or the tapered amount would drop from the current £150k level.

    bloody annoying......would have given me a reason to ring all my clients.

    Now Austerity has ended no need :wink: - probably next year then. Can't you ring them all and advise 'fill up quick'?
  • McBobbin
    McBobbin Posts: 12,051
    stop shouting said:

    McBobbin said:

    Any more for the police?

    Yep - £160m for counter terrorism.
    Thanks. Some more in general would have been nice
  • Carter
    Carter Posts: 14,247
    I listened to Corbyn ranting. Why did he do that? It was irrelevant in the larger part and sadly goes further to confirm my fear that this conservative clusterfuck have no credible opposition

  • cabbles
    cabbles Posts: 15,256
    He predicts growth of 1.6% next year, are they basing that on getting a deal from Brexit, a extended transition period or no deal Brexit?
  • Huskaris
    Huskaris Posts: 9,850
    Seemed like an ok budget. Have to keep Brexit in mind though, but having said that I'm still waiting for George Osborne's emergency budget so I'll read that first.
  • bobmunro
    bobmunro Posts: 20,846
    According to the BBC calculator a person earning £30,000 a year with two kids is £12.92 a month better off. A person earning £500,000 a year with no kids is £21.67 a month better off.

    That's just not right.
  • Rob7Lee
    Rob7Lee Posts: 9,595
    bobmunro said:

    According to the BBC calculator a person earning £30,000 a year with two kids is £12.92 a month better off. A person earning £500,000 a year with no kids is £21.67 a month better off.

    That's just not right.

    Does seem a bit odd, trying to work that calculator out.

    Just assuming no kids, no petrol, no alcohol etc etc for a minute;

    12.5k - 12.92
    30k - 12.92
    50k - 43.33
    75k - 43.33
    100k - 43.33
    125k - 21.67
    150k - 21.67
    500k - 21.67
    5m - 21.67

    Makes sense now I think about it (if not right) with the two bands they've moved (tax free and extending 20%/reducing 40%) that the biggest winners are 40% payers up to when you lose your personal allowance.

    I'd have raised the tax free allowance higher and kept the 40% band where it was. With the changes since 2010 they've run out of options to not effect the higher earners (as in 125k+) and change anything bar personal allowance.

  • killerandflash
    killerandflash Posts: 69,849
    golfaddick said:

    Surprisingly there was no changes to the Pensions Annual Allowance or the Lifetime Allowance (apart from the increase in line with CPI to £1.055m). It was mooted that the AA would be cut from its current £40k level and/or the tapered amount would drop from the current £150k level.

    bloody annoying......would have given me a reason to ring all my clients.

    I think that was the classic "leak some bad news that won't actually happen" tactic!

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