emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
I’ve only scanned the highlights thus far but its an intriguing budget.
Income tax allowances rising is a good thing, however, they don’t mention national insurance, only a consultation to merge the two since NI is not longer used for what it was originally intended and indeed hasn’t for some time. They are very good at allowing fiscal drag set in on the NI threshold since it never seems to get focussed on. The notion of raising money with a clamp down on tax avoidance is a fad, plain and simple. Tax avoidance is completely legal and quite frankly, sensible. Tax evasion is what they should be focussing their extremely limited resources on, the proper big hitters, carousel VAT fraud etc. Tax avoidance includes people who use ISAs for tax free savings, child tax credits, working tax credits etc. In fact, unless you set out to pay the maximum tax possible, you are a tax avoider  But hey, its an easy headline which will have the mouth breathing element who get all their news and current affairs from the Daily Wail ranting about bankers again so that deflects the heat from the politicians to sort the country out for a while.
1p off a litre of fuel. Utter joke. I was in Norway recently and observed they pay largely the same fuel prices as us. That doesn’t mean ours’ are fair, I’m comparing us to a country where a pint of beer costs £9, a pack of fags is over a tenner and 2 king sized Twix for £3.25 is a 7-eleven promotion. What I did note though, was their prices have not been corrupted with fuel duty and diesel is ~7p a litre cheaper than petrol, reflecting the lower production costs of the less refined fuel. The funding suggested to fix the pothole ridden roads is laughable. That is an England and Wales figure of £100m where Scotland has had estimates of £1bn to fix it’? Good luck with that.
Taxing the north sea oil companies is also a short sighted tactic in garnering extra revenue to make up for the duty pause. The north sea is a depleting/depleted asset in a lot of ways. It is still viable for production although exploration is limited, most of this is down to new technologies finding ways to make better use of assets previously considered spent i.e. injection technologies and subsea production systems to get an extra 10% out of a well. The cost/return ratio on that kind of investment can quite rapidly turn sour when you start getting taxed through the hoop for it.
£250m starter loans to kick start house buying. Well, aside from trying not to get hacked off as one of the people who missed all their other incentives and just went out and bought, I don’t see it working to be honest. The plain and simple fact is house prices haven’t fallen *that* much in the grand scheme of it, regardless of what the blow hards down the pub/wine bar may want you to overhear about their portfolio. They are still close to an unprecedented peak. Lots of people are buying in to the knowledge proffered by the other side of the coin down the pub/wine bar, that the great crash is still to come and the prices are blah-de-blah percent about the historical trend. Well, that’s the thing about a trend line, when you hit a period of greater than average growth, the trend line changes to match the new numbers, the subject doesn’t have to default to the trend line. I personally don’t see the market crashing but I do see a whole lot of market belligerence being born of buying in to the theory it will. Young people have become far too used to having that as an excuse and simply going out and spunking their wages on clothes, holidays and flash cars. When they reality hits of buying a home hits; 1 or 2 big nights out a month, 1 week holiday abroad not 2 or 3 week long holidays, driving an 8yr old Golf GT TDi instead of your PCP’d S3/Focus RS/BMW 3 series coupe; suddenly it’s too big a sacrifice or too big a hardship. Their parents will of course sympathise and even appear on the news saying how terrible the situation is but ignore the equity release on their RTB terraced house that has paid for the last 5 years summer hols in Marbella and the wife’s car. Shared equity would make a far better impact on the monthly outgoing which is what they will need to bring down to get young people involved, but this is costlier.
No change on booze levy, wrong decision imho, especially on the back of all this chat about making Britain a more responsible society. Introducing minimum alcohol unit pricing is sensible. Again, talking to anyone in Norway they laugh at our situation with so much alcohol fuelled violence and attribute it entirely to our cheap booze. This shouldn’t be an attack on someone who likes to have the odd pint after work, or a bottle of wine with a meal, it’s about 50p vodka mixes all night or £1.27 litre bottles of cider out ASDA.
2% tax on tabs, meh, buy them duty free anyway
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
Wasn't that by 2013?
|
Lawrah
Premium Member
Registered: 25th Dec 04
User status: Offline
|
How long did that take you on your phone
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
I'm gunna guess FUCKING AGES.
Some good points raised though...
Scots wouldn't like a minimum alcohol price though 
[Edited on 23-03-2011 by pow]
|
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
|
quote:
Originally posted by pow
Income tax rate increase is a welcomed thing for me tbh
£18 extra a month for me. Phew I can afford to buy a house now.
|
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
|
Who is this bloke chatting breeze?
|
daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
|
Went to Uni this Morning, Diesel was 136.9p
On my way back it was 137.9p
Will be decreased by one P later, so will be same as it was this morning. Wankers.
|
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
quote:
Originally posted by pow
I'm gunna guess FUCKING AGES.
Some good points raised though...
Scots wouldn't like a minimum alcohol price though
[Edited on 23-03-2011 by pow]
I'm a Scot and I would. A hell of a lot of the problems in scotland could be resolved if it wasn't so cheap to get bladdered and cause trouble or so cheap to sit on your arse all day drinking and breeding instead of working. We're not all ginger alcoholics
|
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
|
Well thats a lie, I've seen Rab C Nesbitt
|
sc0ott
Member
Registered: 16th Feb 09
User status: Offline
|
And we have seen shameless.
|
harrisp
Member
Registered: 15th Dec 07
Location: Derbyshire
User status: Offline
|
quote:
Originally posted by emicen
quote:
Originally posted by pow
I'm gunna guess FUCKING AGES.
Some good points raised though...
Scots wouldn't like a minimum alcohol price though
[Edited on 23-03-2011 by pow]
I'm a Scot and I would. A hell of a lot of the problems in scotland could be resolved if it wasn't so cheap to get bladdered and cause trouble or so cheap to sit on your arse all day drinking and breeding instead of working. We're not all ginger alcoholics
People like that will still do exactly the same even if the price of alcohol goes up.
|
Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
|
i had a child climbing over my face but i generally got.
we're taxing feul companies 12% more, and with all the extra money we make, you can pay 1p less, but then we'll add an extra 3p on oxygen, so your all going to be poorer
|
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
quote:
Originally posted by Russ
i had a child climbing over my face but i generally got.
we're taxing feul companies 12% more, and with all the extra money we make, you can pay 1p less, but then we'll add an extra 3p on oxygen, so your all going to be poorer
|
oceansoul
Member
Registered: 19th Jun 06
Location: Sunbury, Surrey
User status: Offline
|
People will just moan no matter what the outcome.
|
sc0ott
Member
Registered: 16th Feb 09
User status: Offline
|
I would be happy to pay 1.10 but 1 fucking pence is everything to moan about, especially when fuel stations around my area went up 1p last night what fucking difference does it make. Shell garage i use was 1.30.9 and its now 1.31.9. Wow what a difference.
I still bite the bullet and pay for it but at the end of the day whats the point in putting it down 1p. I would be happy for them to keep that extra 1p that no one is going to notice and ramm it up their robbing arses.
|
AlunJ
Member
Registered: 3rd Apr 07
Location: Newport
User status: Offline
|
Tax the oil companies to bring the fuel duty down? How the hell does that make sense, the oil companies will just chuck the tax on the price of fuel = no better off? 
|
jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
|
quote:
Originally posted by corsa-sxi
Personal allowance to go up by £1k this year and a further £600 next year! woop
What even is a Personal Allowence?
|
corsa-sxi
Member
Registered: 11th Jul 03
Location: Kingston upon Hull
User status: Offline
|
income tax threshold?
|
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
quote:
Originally posted by AlunJ
Tax the oil companies to bring the fuel duty down? How the hell does that make sense, the oil companies will just chuck the tax on the price of fuel = no better off?
Too much typing to be done on my phone stuck in traffic but basically they can't.
|
jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
|
quote:
Originally posted by corsa-sxi
income tax threshold?
So you dont get taxed if you earn less than £1k?
|
sc0ott
Member
Registered: 16th Feb 09
User status: Offline
|
I think an income tax threshold might be similar to an accessible door threshold.
|
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
This HAS to be a wind up surely?
|
jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
|
What the....
|
corsa-sxi
Member
Registered: 11th Jul 03
Location: Kingston upon Hull
User status: Offline
|
are you winding me up jacko
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
quote:
Originally posted by emicen
quote:
Originally posted by pow
I'm gunna guess FUCKING AGES.
Some good points raised though...
Scots wouldn't like a minimum alcohol price though
[Edited on 23-03-2011 by pow]
I'm a Scot and I would. A hell of a lot of the problems in scotland could be resolved if it wasn't so cheap to get bladdered and cause trouble or so cheap to sit on your arse all day drinking and breeding instead of working. We're not all ginger alcoholics
Woah woah woah woah... I said nothing about ginger
|
