Anyone watching the Budget?

Hmm, is he a second hand car dealer?

Oh look, he is.

hurrah for whisky.

xp

I don't care. I need some.

excellent. keeping the massive subsidy on air fuel tho :( (or did i mishear that?)

* I meet quite a few through work, in case you were wondering.

(I *think* my car is currently in the lowest band. In which case, woo!)

(xpost)

Mail will see it as rich people in big cars being made to pay for workshy layabouts in little ones, no doubt.

(Band A is if you pay £75 diesel or £65 petrol for 12 months tax currently)

The BBC Have Your Say thing is full of hillarious excuses why people "need" a 4x4

xpost

Ken C OTM

(the BBC is now mirroring the full Budget Report pdf, if you care)

a lone parent with 2 children, working 16 hours a week at the National Minimum Wage, will be at least £315 per week better off.

what band is a VW polo?

Go here: http://www.vcacarfueldata.org.uk/ved/index.asp

You need to know the CO2 emission figure, as printed on your registration certificate. Then, the page http://www.dvla.gov.uk/vehicles/taxation.htm tells you what band it falls into.

maybe i should get myself an "A"

i often think about this as i walk around sheffield watching them tear down the old industrial buildings and replace them with crud

feed://newsforums.bbc.co.uk/nol/rss/rssmessages.jspa?threadID=1383

Leader Nick Clegg, on the campaign trail in Scotland, insisted the Tories would have to raise VAT to 20.5 per cent if they were elected to fund their 'tax bribes'.
He joined in the assault on the Tories' economic plans as Labour accused David Cameron and George Osborne of 'reckless opportunism'.
Mr Clegg claimed the Tories will have to hike taxes elsewhere to pay for £13.5billion in tax breaks and unveiled a new campaign poster focusing on VAT.
But William Hague insisted his party has 'no plans' to raise the tax and are in exactly the same position as the Lib Dems.

8th April 2010

plans change people change

shit happens

You make a budget with the plans you have, not the plans you wish you had or the plans you might have once had a few weeks ago.

ahem, a whole few weeks ago, i'm sure you mean

Yes, that long ago!

"'we don't have any plans to increase VAT. I think the Liberal Democrats can pipe down about this now,' the shadow foreign secretary said."

1321 There will be no new increases in duties on alcohol

small concessions mean a lot (unless you live in Scotland where they're trying to bring in minimum alcohol pricing)

CGT 10% for "entrepreneurs" goes from first £2bn to first £5bn. This is venture capital, isn't it? cunts.

small concessions mean a lot
gonna dissolve in the 20%. VAT's regressive as hell.

I saw some ridiculous bullshit opinion piece in the Evening Standard the other day (yeah I know lol etc) claiming raising VAT is good and fair for the poor because they can't afford to buy anything anyway.

There will be no new increases in duties on alcohol

The Sun is preparing it's headline right now. OSBONUS! OSBOON!
(or something)

vat up, corporation tax down sort of says it all really

but 25% departmental budget cuts is like woah

Harman doing pretty well here, not that it matters.

say vince has gone from leon trotsky to alan b'stard, go on do it

fuck these shit-sucking mud fuckers, go on say it

nice to see they focused on socially progressive taxation systems like vat to help crisis economy.

From the Twitter of some dude the BBC quoted:

VAT to be 20%. Wise choice as it still makes the tax NON-REGRESSIVE. You have a choice to spend.

lol

So essentially you get an incentive to set up a small business EXCEPT in the South East where most of the public service redundancies will be?

CGT 10% for "entrepreneurs" goes from first £2bn to first £5bn. This is venture capital, isn't it? cunts.

small concessions mean a lot
gonna dissolve in the 20%. VAT's regressive as hell.

― stet, Tuesday, 22 June 2010 07:35 (1 hour ago) Bookmark Suggest Ban Permalink

This would be fine if it were restricted to venture capital but it will extend across all private equity and I didn't notice anything about the egregious practice of allowing buyout shops of charging ridiculous fees to portfolio companies and investors and being able to treat them as CG rather than income. There should be an incentive for making high risk investments, however I think that the taper relief should be tied to job creation and genuinely new economic activity.

I also think that it should be targeted as a tool of industrial policy, currently this applies equally to someone who builds a restaurant or estate agents business, which is fine, but if we are going to genuinely grow out of this recession we need to target industries that actually generate value, are export focussed or, at the very least, keep the fruits of the investment in this country.

I would be quite prepared to see CGT taper to zero or see the ceiling rise to $10 million if there was a concerted effort to use it as a tool of industrial policy. However an industrial policy from a UK government of any colour is about as likely to come about as me suddenly being able to crap diamonds.

Needless to say I think this is a terrible budget, the OBR has this halving growth with is going to hit tax receipts and make more people dependent on the state. Labour were bang on about this, we need sustainable growth this year and cuts next year. (However fairly sure that healthy, massaged growth figures would have led them to bottle the cuts next year). It's not going to take a lot, one minor economic shock, for things to turn out worse than the OBR forecast; our primary export markets are depressed, the shell game is broken, the only glimmer of hope is an appreciating yuan (and other east asian currencies) and rising Asian wages, hopefully we will be able to afford less in terms of imports and sell what little industrial product and engineering skill we have left to the chinese.

The other worry is that as this happens, our inflation rate will start to look ominous and I hope the MPC will hold its nerve and not increase rates too much, although stagflation beckons as well.

If I were being paid in pounds I might be looking at opening a chinese bank account.

^ dude's been thinking quick

about as likely to come about as me suddenly being able to crap diamond

Never give up on yr dreamz.

Burn poop = poop is carbon = compress carbon like how they do with those creepy stones made of 'cremains' = VOILA, DIAMONDS.

^bad materials science, this is why we don't make anything any more.

I'm sure with all the new tech you're rocking you can find a way to make the poop into SOMETHING.

At least I know how much I'm gonna get paid for the next two years. Will probably get the old heave ho before long anyhow.

in the Housing Benefit plan:

Capping housing allowance rates at £250 a week for a one-bedroom flat, £290 for a two bed, £340 for a three bed and £400 a week for a four-bedroom property.

what the fuck? Figures evidently drawn up by someone who's never had to find low cost housing in a city. I live in a decrepit bedsit with no heating in a small city and it costs me £280 a month, and is pretty much as cheap as I can get. So, what the fuck?

wait, per WEEK? I am guessing that's a typo?

okay I see that inner London rates approach £250 per week. I'll zip me lip now. The general 'fuck you George Osborne' stance stands, though.

Not a typo.

OK, xpost

Yeah the housing benefit caps aren't too bad, I think this measure is aimed at tackling the "big bunch of brown people living in benefit luxury in £2m mansion" Daily Mail stories.

http://news.bbc.co.uk/1/hi/business/10335476.stm

BBC budget calculator says the increase in the tax threshold will give me £400 a year while the cut in child tax credits will cost me £410 and with NI changes I'll be £13.50 better off. Doesn't seem to take into account that my pay has been frozen while inflation is rising and pretty much everything I buy will cost 2.5% more come January but hey thanks for the £13.50.

if I wasn't losing my job next week due to council cuts I'd apparently be £285 a year better off. Good to know!

You've never almost had it so good

So despite what Robert Peston said yesterday Lloyds look like they may actually benefit from the budget.
http://www.bloomberg.com/news/2010-06-23/lloyds-banking-may-benefit-from-budget-s-corporation-tax-cut-redburn-says.html
And the markets agree, Lloyds up this morning.

I haven't heard or read any criticism of the budget from any LibDems. They are showing remarkable loyalty to their dark overlords partners.

i will be £506.75 better off. Thank you, Lord Gideon Wallpaper.

oh i forgot that then VAT goes up in January and that all goes up in smoke.

Don't understand these calculations according to the BBC we'll be £2000 worse off, but according to the Guardian we'll be £5.63 better off. Again I'll be clobbered by the pay freeze and VAT increase so would expect to be a good deal worse off.

Bob Russell, LD MP for Colchester says he's not going to vote for the budget. So that's 1.

Intensely depressing listening to the likes of Simon Hughes and Shirley Williams defending this budget. Watching Shirley Williams on Newsnight last night sitting alongside Nigel Lawson and agreeing with him on virtually everything was vomit-inducing. Still, Liberals fucked for all time, that's one good thing.

this isn't directed against ne1 itt, but all the talk of being "better off" in terms of individual/family income is slightly missing the olden idea -- which, yes, probably had some problems -- of the social wage.

in terms of pure income, there are predictions to be made, fine. but what are 25% cuts going to look like? it's a big number.

^

I don't see anyone claiming that they'll be anything close to 25% better off, so really it's still money being taken from users of public service either at source or when you need the service

lol gay mafia

http://farm2.static.flickr.com/1386/4726985851_e6f46e476c_b.jpg

ed milliband on right, no?

Feels like we get a Budget every couple of months now. Missed this one entirely but from a glance it doesn't look like there's much of significance compared to the last couple, save the usual "cut corporation taxes and hope for the best". Prepared to be proven totally wrong on that.

nothing earth shattering. as you say, all the big stuff came with the CSR whenever that was. there are big announcements every week.

the fuel tax thing probably means something to drivers.

the income tax change 'vindicates' the lib dems a bit i guess.

and yes they have cut corporation tax in place of a growth plan iirc.

something about 'technical colleges' that i half-missed could be interesting.

some kind of sinister pro-charity stuff. they like charity more than the public sector.

Of course they fucking do.

(Not watching, btw, my fragile state of mind can't handle it today.)

goin after non-doms by whacking them with a non-dom tax.... of up to £50,000 i think

which most non-doms could lost in the street and not even realise it

i think they've tied a bow round it now

my fragile state of mind can't handle it today for the next 8-10 years tbh

xpost