The Warriors thoughts on the budget.
Darling delivered the budget with gusto, but the budget really lacked balls.
Stamp Duty limit for first-time buyers doubled to £250,000 for this year from midnight tonight. Funded through an increase in stamp duty to 5% on homes worth more than £1m.
Well, this may be ok for first time buyers, but you try to get a mortgage in this government fuelled economic climate.
And how many of us can afford a house over a million pounds, 70% of us couldn’t.
National Debt and Growth
GDP growth forecast for next year reduced to 3%-3.5%. Rest are unchanged.
Well no change there then, he says one thing then goes back on it, tell the truth in the first place, you idiot!
Borrowing for 2009/10 to be £11bn lower than forecast at £167bn. Falls to £163bn in 2010/11, £131bn in 2011/12, £110bn in 2012/13; £89bn in 2013/14 and £74bn in 2014/15.
Reduce the MP salary and perk structures and it would be less, stop feeding immigration all the perks that us tax payers do not get and re-do the Barnett Formula, we wouldn’t be paying out so much per year.
Borrowing as share of the economy forecast to be 11.8% of GDP this year, 11.1% next year, then 8.5%, 6.8%, 5.2%, falling to 4% in 2014/15.
National Debt? You mean tax payers debt, and the peoples that pay the most in that pot are the English.
Public sector net debt tp hit 54% of GDP this year, 75% in 2014/15, then fall after that.
Should be falling quicker, get rid of P.C and quangos save loads of money in just those things.
Bank bonus tax
Bank bonus tax brought in £2bn.
Should be no bonuses full stop, should be paying all the money back with interest at the same rate the people are paying to the banks. Robbing Twats.
Rescued banks paid Treasury £8bn in fees and charges.
Do they get charged for missed payments? Doubtful, should be more if bonuses wasnt getting paid to the bankers.
Annual ISA limit – which rises from £7,200 to £10,200 from next month – will increase annually in line with inflation.
Should have been done earlier, no perks for the people they will not put more money in the banks.
Next month’s 3p increase in fuel duties will be staged – 1% in April, further 1p rise in October and remainder in January.
Should be reducing the fuel costing, would make more money by people filling up all the time instead of working out how much is needed for day to day use. Diesel should be made cheaper, haulage firms and couriers etc, keep this country going and diesel is cheaper to make.
Cider to be going up by 10%.
Hit the poor mans tipple the hardest.
Duty on beer, wine and spirits rise as planned on Sunday, but increases by 2% above inflation for two further years from 2013
Yes, the drinks the MP’s enjoy get the lower increase, most of them put the drinks on expenses so we pay for them anyway.
Tobacco duty rise by 1% above inflation from today, increasing by 2% in real terms each year until 2014.
Hit the smokers again.
Inheritance tax threshold frozen at £325,000 for four years.
Should be no such thing, your parents work all their lives to leave you an inheritance, then still pay because they had the cheek to die. JUST SO WRONG.
Entrepreneurs’ relief for Capital Gains Tax doubled to £2m and taxed at 10%
Try getting a business up and running in this age of Labour.
Business rates will be cut for one year from October.
Big deal, only small businesses should get benefit from this, not multinational corporations.
Small businesses annual investment allowance doubled to £100,000.
Try getting one then.
What a load of, save the skin of Gordon, crap. No help for poorer families, no help for 25-50 year olds to get training for work. No help for young families to get childcare, you have to be on a good income to afford child care in the first place.
PEOPLE VOTE THEM OUT, VOTE INDEPENDENT IF YOU DO NOT LIKE ANY OF THE BIG 3. JUST GET A BETTER VOICE FOR THE PEOPLE INTO THE HOUSE OF COMMONS, SOMEONE THAT WILL SPEAK FOR US, AND NOT JUST DECIDE WHAT THEY THINK IS BEST FOR US.