Budget 2018

More money for defence.

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 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.

kentaddick said:

MuttleyCAFC said:

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

https://twitter.com/andyverity/status/1056952295571775490?s=21

Brexit permitting!

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

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.

Any more for the police?

McBobbin said:

Any more for the police?

Yep - £160m for counter terrorism.

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 - probably next year then. Can't you ring them all and advise 'fill up quick'?

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

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 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.