Budget day........

[Jimmy]

George Osborne.........Has started to announce........The Budget.

[Andy06]

We will all be worse off like normal lol

[JOHNNYAITCH]

Not all

[Jimmy]

We will all be worse off like normal lol

 

 

I am NOT a Tory supporter.........But lets have a listen......

[Jinkin John Jeffers]

Help announced yesterday for childcare is a definate benefit for me already

[JOHNNYAITCH]

I find all this quite fascinating...

 

Growth forecast up to 2.7% but then to drop off a little to 2.6 over next 4-5 years

Forecast borrowing surplus in 5 years time

Economy back to where it was in 2008 by end this year

Earnings expected to outstrip inflation by end 2014

 

We shall see on all the above as previous forecasts were somewhat optimistic..if all the above is true people should start to feel better off but as always there is a lag between things improving and that improvement filtering down to all

 

Planned fuel duty rise cancelled

Bingo duty halved

Tobacco duty to continue to rise 2% above inflation

Beer duty reduced

Alcohol duty escalator scrapped

Freeze duty on whiskey and ordinary cider

 

Personal tax allowance to rise to £10,500 next year...3m of lowest paid will pay no income tax at all

 

ISA limits increased

Tax restrictions on access to pension pots to be removed/reduced

10p tax rate for savers removed

 

Some good news for savers at last

 

Welfare cap set to 119bn 2015-16 and thenj set at inflation rate

 

Tax relief on football season ticket purchases

 

Now the response from Mr Milliband...

 

Working peole £1600 per year worse off since election

No comments specific to anything in the budget..just "cuts, chancellors chums, foodbanks, bankers, same old Tories, output down, old Etonians, bedroom tax".....nothing new. Has he forgotten we have been in a recession and the Chancellor has just announced his latest budget?

 

Ed has not used this opportunity well and that's very disappointing.

 

Now we await the detail on how this will affect people

 

Shameful behaviour from some Conservatives during Milliband's speech

[melv]

http://www.telegraph.co.uk/finance/budget/10707982/Budget-2014-Key-points-at-a-glance.html

[Jinkin John Jeffers]

I find all this quite fascinating...

 

Growth forecast up to 2.7% but then to drop off a little to 2.6 over next 4-5 years

Forecast borrowing surplus in 5 years time

Economy back to where it was in 2008 by end this year

Earnings expected to outstrip inflation by end 2014

 

We shall see on all the above as previous forecasts were somewhat optimistic..if all the above is true people should start to feel better off but as always there is a lag between things improving and that improvement filtering down to all

 

Planned fuel duty rise cancelled

Bingo duty halved

Tobacco duty to continue to rise 2% above inflation

Beer duty reduced

Alcohol duty escalator scrapped

Freeze duty on whiskey and ordinary cider

 

Personal tax allowance to rise to £10,500 next year...3m of lowest paid will pay no income tax at all

 

ISA limits increased

Tax restrictions on access to pension pots to be removed/reduced

10p tax rate for savers removed

 

Some good news for savers at last

 

Welfare cap set to 119bn 2015-16 and thenj set at inflation rate

 

Tax relief on football season ticket purchases

 

Now the response from Mr Milliband...

 

Working peole £1600 per year worse off since election

No comments specific to anything in the budget..just "cuts, chancellors chums, foodbanks, bankers, same old Tories, output down, old Etonians, bedroom tax".....nothing new. Has he forgotten we have been in a recession and the Chancellor has just announced his latest budget?

 

Ed has not used this opportunity well and that's very disappointing.

 

Now we await the detail on how this will affect people

 

Shameful behaviour from some Conservatives during Milliband's speech

 

They were pointing out that his speech was supposed to be a response to the budget, but like you say he wasn't responding he was making the same old sly digs.

[melv]

Tax relief on football season ticket purchases?

 

 

I can cope with that .So will that tax relief come off the price of next season's ticket.Or will price stay the same meaning more money for the club.Or am i totally mistaken?

[JOHNNYAITCH]

Osborne and Cameron were but others on the back benches were barracking him right from the start and had to frequently be told to shut it or leave..as he had nothing new to say they should have just left him to it..he's a clown

[PVTony]

Great news!

Pensioners can now invest as much as £15,000 in Isis :)

 

I wonder what % of pensioners will be able to do this? 10 /20%???

[JOHNNYAITCH]

Possibly not that high but every little helps

[Hagrid]

The poor get poorer.

 

The rich with savings can get richer.

 

I expected nothing more from a Tory government. Farcical.

[Bycarsbill]

They were pointing out that his speech was supposed to be a response to the budget, but like you say he wasn't responding he was making the same old sly digs.

 

The man's a total pratt--God help us if he becomes PM!!

[JOHNNYAITCH]

The poor get poorer.

 

Apart from (for example) the poor in work who will now pay less income tax

 

The rich with savings can get richer.

 

Everyone with savings can get richer

 

I expected nothing more from a Tory government. Farcical.

 

What was really farciical was Milliband's response....totally out of his depth