Emergency budget...

[vinny19791]

vat 20% = increase in fuel price

[munky]

true, but their previous mentions of a floating tax rate on fuel to counter fluctuations in oil prices are quite promising... whether they will materialise or not remains to be seen.

VAT needed to be increased.

[james3990]

Stop moaning

[vinny19791]

god im bored

Day off today but have to go back soon to do a 2hour collection ( post )

[munky]

Stop moaning

who's moaning?

[TheRealStig]

I think David Cameron is a c*nt but tbf he`s done a good job of making things fair across the board imo

at the end of the day, the VAT increase is a pain but it needed to be done and will benefit us all in the long run

So far so good

[Punx0r]

Who the f*ck lives in a house that costs £400 a week and claims housing benefit?!

The telegraph summary is good but you obviously miss a lot of the background and explanatory information he gave for all the decisions, it was all common-sense stuff. That should be expected rather than applauded, but I guess it demonstrates what has gone in the past.

The housing benefit situation he said was "out of control", citing examples of some families receiving £104,000/yr. He rightly equated that to the income tax paid by 16 average working people.

There are several caps based on how many bedrooms rooms the house has.

The VAT rise resulted in a call for order from the deputy speaker but as everyone says it was inevitable. Everything else seemed to go down pretty well in the House. It doesn't come in till next year anyway.

He did mention again the stabiliser for oil/fuel prices, apparently still a work in progress.

The tone was generally very good IMO: the separation of the budget from party politics (all overseen by an independent body now) to better represent the longterm interests of the country, advice taken from international studies and research by the IMF and others on the best way to reduce the national debt and boost recovery, a return to manufacturing, export and less reliance on banking with more of such industry in Northern England, Scotland & Wales. Generally a switch to finanical prudence and a sustainable economy.

Harder lins on long term unemployment and disability benefits to "encourage people to work", and a plan to hit the £10k income tax threshold by the end of parliament.

He may well have done the almost impossible and pleased almost everyone while still spending less.

How much of this is the result of the liberal influence I have no idea, but I may have to eat my words on the effectiveness of a coalition government.

[munky]

yeah thats just their key point page, they have a bit more in depth information elsewhere on their site. Tbh it was just the result of a google search. I'm not a telegraph reader lol.

I agree that it does seem to have done a good job of spending less without focussing on one particular section of society to take the brunt of it.

I'm sure there will be complaints about the CGT increases and changes for higher tax bracket earners. But it hasnt really smashed them like people were predictiing, just poked them gently.

Scrapping child benfeit for 40k+ earners is a bloody good idea and should have been done bloody ages ago! If someone takes home half a million a year, they dont need 1500 quid more to feed their kids! That alone will save a huge amount of money.

All in all, as much as I dislike the torys (and all other political parties tbh), they do seem to be doing an ok job.... so far. Possibly/probably with the help of a lib dem influence.

Whether they will deliver on the long term promises... and more importantly, what they will bring into place once they have got the 'crowd pleasers' of their first month or two out of the way... who knows. But for now they seem to be doing alright.

[Null_Byte]

Scrapping child benfeit for 40k+ earners is a bloody good idea and should have been done bloody ages ago! If someone takes home half a million a year, they dont need 1500 quid more to feed their kids! That alone will save a huge amount of money.

Half a million is 500,000, not 50,000.... but we know you aren't very good with figures.

I would also assume that is a joint earnings, so that could be 20k per parent, so not quite as bad as it would seem, but yes child benefit shouldn't really be required at that level.

[munky]

wow, thanks for that.

[Limecat]

While it works for figures, it's pretty disgusting on a moral standing that those who pay in the most get nothing back whilst those who pay in nothing reap the rewards as per usual.

OK, it's been frozen for 3 years but they should have dropped it and/or implemented a cap on it.

[munky]

why do you live over here?

There's a country that abandons its needy to live in untreated sickness and abject poverty without a care... it does stop people sponging, but at the cost of those who actually need it... just collateral damage...

I think you're familiar with the country, why don't you live there? You seem to hate everything about this one...

[TheRealStig]

why do you live over here?

There's a country that abandons its needy to live in untreated sickness and abject poverty without a care... it does stop people sponging, but at the cost of those who actually need it... just collateral damage...

I think you're familiar with the country, why don't you live there? You seem to hate everything about this one...

Agreed

moral standing

If you earn more, you should pay more. Nothing to do with morals, common sense

Do you know what morals are? I read some where on here your going out with a teenager

[munky]

3 teenagers wasn't it?

[Limecat]

If you earn more, you should pay more. Nothing to do with morals, common sense

That you do anyway by income tax.

People earning £50k P/A by the time they are taxed, pay national insurance, mortgage, rates etc could be worse off than a sponger who gets their rent paid, their rates paid, sits on their arse all day spitting out kids and topping up their income with child support. OK, the amount earning enough to be in that possibly aren't a high number but they are out there and it's still pretty sad that those who have paid in the most have to go back to work after having kids to support those who have never and will never be arsed about working for a living.

I don't know where the phrase 'No such thing as a free meal' came from, it seems the more free meals the lazy eat the more money they get.

[shen]

If you earn more, you should pay more. Nothing to do with morals, common sense

That you do anyway by income tax.

george formby was in his day the highest earning entertainer in the country...how much tax did he pay?

Think you'll find it about 97.5% of his earnings was paid in tax.


I agree with you limecat the people who are very well off don't pay enough

[Sheaf]

I would also assume that is a joint earnings, so that could be 20k per parent, so not quite as bad as it would seem, but yes child benefit shouldn't really be required at that level.

The average wage is what, £25k, so £40k is below the average joint income. I'd not be comfortable having to raise children and pay for a house with only a 40k joint income, but maybe I budget to be more comfortable than is expected.

[Limecat]

george formby was in his day the highest earning entertainer in the country...how much tax did he pay?

Think you'll find it about 97.5% of his earnings was paid in tax.

He must have cleaned a lot of windows...

[Punx0r]

I was wrong about potentially pleasing everyone: the news is full of whinging idiots.

Literally, people interview who will be £20 per year worse off bitching, saying it's unfair.

WTF did they expect? A big f**king payout? The economy is ruined!

Some middle-aged women was overall £300/yr worse off because of reduced child tax credits and increased CGT on her investment properties.

Sterling and the UK's credit rating is already up as a result of today's budget. These fools will potentially be saving hundreds a year in reduced mortgage payments.

[mg-richard]

all i worry about is the price of diesel

if the uk can secure its energy needs as well as we have done until now

in my opinion things will sort themselves out

[munky]

I was wrong about potentially pleasing everyone: the news is full of whinging idiots.

Literally, people interview who will be £20 per year worse off bitching, saying it's unfair.

WTF did they expect? A big f**king payout? The economy is ruined!

Some middle-aged women was overall £300/yr worse off because of reduced child tax credits and increased CGT on her investment properties.

Sterling and the UK's credit rating is already up as a result of today's budget. These fools will potentially be saving hundreds a year in reduced mortgage payments.

What is this 'bigger picture' you speak of?

It seems an alien concept to me...

[radddogg]

http://www.telegraph.co.uk/finance/fina ... oints.html

Cant argue with any of that tbh.

No increase on alcohol, tobacco or fuel ftw!

One thing stood out to me though... housing benefit capped to £400 a week... CAPPED?!

Who the f*ck lives in a house that costs £400 a week and claims housing benefit?!

Captain hook did.

The man did good. Hit the workshy and laid off the working class.

[Null_Byte]

People earning £50k P/A by the time they are taxed, pay national insurance, mortgage, rates etc could be worse off than a sponger who gets their rent paid, their rates paid, sits on their arse all day spitting out kids and topping up their income with child support.

But you are not earning 50k, so why do you care? The majority of normal people will be better off with a larger tax threshold, and lower capital gains than predicted which only applies to higher earners anyway.

Those scraping by on very low incomes will benefit most, which means it makes it even more worthwhile to work rather than stay on benefits - something I would of thought you would have been ecstatic about.

Oh, and if your earning 50k, I think you wont be living in some dead end towerblock on some drug plagued estate. Life is about more than just the bottom line - otherwise we would shoot our kids the day they were born as it is cheaper than bringing them up....

You will also be paying an accountant to make sure you pay very little tax indeed.

I was wrong about potentially pleasing everyone: the news is full of whinging idiots.

Literally, people interview who will be £20 per year worse off bitching, saying it's unfair.

WTF did they expect? A big f**king payout? The economy is ruined!

Some middle-aged women was overall £300/yr worse off because of reduced child tax credits and increased CGT on her investment properties.

Sterling and the UK's credit rating is already up as a result of today's budget. These fools will potentially be saving hundreds a year in reduced mortgage payments.

You can't please everybody, and the media have to get some tripe when they go "live to the man in the street". £300 is hardly a hardship, especially if you have "investment properties" and still on tax credits.

Considering how epically screwed our economy is (which people seem to be blindly ignoring, recession what recession? - Give it time ) I think this budget was far from harsh. However the spending cuts later in the year might not be!

I'm not wild about the Tories, but Osborne seems to have hit the budget about spot on IMHO, but people must find fault otherwise they would have nothing to talk about.

As predicted a VAT rise, but 2.50 in every hundred is hardly the end of the world. Nothing to worry about that I could see....yet. We will see in the autumn.

[Limecat]

But you are not earning 50k, so why do you care? The majority of normal people will be better off with a larger tax threshold, and lower capital gains than predicted which only applies to higher earners anyway.

You are right Null_Byte. I used £50k as the figure as it was mentioned above. I believe the true figure is actually £40k?

Why do I care? Well, if someone who earns £50k a year (yes, more than I earn) and a dole dosser can be better off than they are I will let you work that one out for yourself.

I certainly won't be better off but likewise I won't feel it either TBH. OK, I have a fair enough share holding which I still plan to continue to expand upon but I don't currently have any plans to sell it off and if I do, I would be selective over which I sold so I don't pay CGT (I wouldn't anyway as I think I am allowed £10,100 PA? I fall under that in the last 2 years.)

Those scraping by on very low incomes will benefit most, which means it makes it even more worthwhile to work rather than stay on benefits - something I would of thought you would have been ecstatic about.

You will also be paying an accountant to make sure you pay very little tax indeed.

If they are scraping by on an 'income' they have my heart felt symapthy. If they are scrapping by on benefits they don't.

The account is something I can opt for as part of my fringe benefits at work, I opted against it this year as I had no need for it so selected something else but I am seriously contemplating starting my own business outside of my employment and so may well alter that next year but that in turn means I won't be paying for it!

Oh well. I had an offer accepted on a place to rent out to some dossers the other week, I got outbidded and couldn't justify going 10% over the asking price (complex as it was a repo, they have to advertise it etc) but it could still have turned about £30k profit. I was pretty annoyed at the time as I had been waiting about 3 months to get to that stage but I think I will sit it out until at least the early part of next year and see the market stumble further. Win, win. I may just buy a Clio 255 in the meantime to keep me content?

You can't please everybody, and the media have to get some tripe when they go "live to the man in the street". £300 is hardly a hardship, especially if you have "investment properties" and still on tax credits.

Considering how epically screwed our economy is (which people seem to be blindly ignoring, recession what recession? - Give it time ) I think this budget was far from harsh. However the spending cuts later in the year might not be!

I'm not wild about the Tories, but Osborne seems to have hit the budget about spot on IMHO, but people must find fault otherwise they would have nothing to talk about.

As predicted a VAT rise, but 2.50 in every hundred is hardly the end of the world. Nothing to worry about that I could see....yet. We will see in the autumn.

I can't really disagree with much of that TBH. I voted Lib Dem but even I think it was a bit strange that a party who comes third was, for a stage, the ones that were deciding the countries future so were effectively the most powerful of the three. They backed the right lot though IMO.

The 2.5p rise has been a given since they dropped it by that IMO. I think I even posted to that affect on here at some point?

Someone earlier told me that incapacity benefit will now need a medical examination? I can't believe that's true, surely that's in place already?

[Null_Byte]

Why do I care? Well, if someone who earns £50k a year (yes, more than I earn) and a dole dosser can be better off than they are I will let you work that one out for yourself.

You do talk some utter rubbish really. If you are a single parent, with two kids and your on the social, I just did the maths and it comes out to the max you could claim being 17k. If you are single unemployed and on the social it comes out at 12k. Out of that you need to pay your rent, food, electricity, water, council tax etc etc.

Based on rent and council tax of around 7k a year, that leaves you just £96 a week to cloth and feed yourself and pay the utility bills.

If you think you can bring up two kids on 17k on your own and enjoy a lifestyle better than somebody earning 50k a year, I want what ever drugs you are on.

And that is your best case scenario for the average person.

Do you actually know anything about what you are talking about, or do you just make it up as you go?

I really think you need to put the daily star down, and go and do some of this work you keep telling us about, although as a union man that probably just consists of drinking tea and complaining.

If they are scraping by on an 'income' they have my heart felt symapthy. If they are scrapping by on benefits they don't.

Sorry I had to wade through so much bull about the size of your epenis it took me a while to find your point, such as it was.

If they are scraping by on a low income, which by its nature, implies they have a job - then an extra grand before tax makes a huge difference, even with the higher rate of NI.

For somebody earning, say 12k (minimum wage), who is balancing child care costs and who may be considering going onto income support an extra thousand before tax will make a massive difference. Even you can't fail to admit that.

I think you should be made to live on benefits for a month, see if you think it is such a great life then.

[munky]

Do you actually know anything about what you are talking about, or do you just make it up as you go?



I think you should be made to live on benefits for a month, see if you think it is such a great life then.

this^

The more you say limey, the more it becomes completely clear that 99% of it is makebelieve or quoted from the daily mail.

You sir, are a retard. Not that thats very surprising given your country of birth.

[Punx0r]

Yep, annual medical assesments for everyone claiming disability benefit. There was something about the current, complicated forms that have to be completed, so I suspect it's a case of replacing those with a physical exam.

Thinking about, I expect the whingers I saw on the news probably did expect a handout. The recession has made their lives slightly less comfortable so they expected the government to compensate them.

Spokesmen for the "city" are reporting a decent reception to the budget. One put it succinctly: "we knew he had nothing to give".

I agree on the VAT rise, I don't think it'll stop people buying stuff and it is at least a tax on spending rather than income. I do wonder whether the previous reduction to 15% has contributed to this rise.

[Limecat]

Null_Byte, I love your selective reading. Let me point you at a previous post.

That you do anyway by income tax.

People earning £50k P/A by the time they are taxed, pay national insurance, mortgage, rates etc could be worse off than a sponger who gets their rent paid, their rates paid, sits on their arse all day spitting out kids and topping up their income with child support. OK, the amount earning enough to be in that possibly aren't a high number but they are out there and it's still pretty sad that those who have paid in the most have to go back to work after having kids to support those who have never and will never be arsed about working for a living.

I don't know where the phrase 'No such thing as a free meal' came from, it seems the more free meals the lazy eat the more money they get.

Sorry, your point was what?

EDIT: P.S. I also posted on here that I binned off being a Union rep didn't I?

P.P.S. They don't have to pay rent (depending on the area - ie. Blackpool the council give it to the tenants!), nor do they have to pay rates etc. Yet it is ME talking crap? Priceless.

[Null_Byte]

Sorry, your point was what?

Just beyond your grasp by the sounds of it.

You want to scrap the entire benefit system because there are 5 or 10 people in 70 million who abuse the system, which is meanwhile providing a safety net (and not a comfortable one) for hundreds of thousands. In addition to helping subsidise people who do want to work to keep them in employment.

If this is not the case, then you certainly don't put across your point very well.

EDIT: P.S. I also posted on here that I binned off being a Union rep didn't I?

I wonder why


The caps that have been put on tax credits and benefits in this budget are sensible in dealing with the exact problem you are so very very concerned about, why do you continue to moan? Just accept the fact. Move on. There are far more important things to worry about.

[Limecat]

Just beyond your grasp by the sounds of it.

You want to scrap the entire benefit system because there are 5 or 10 people in 70 million who abuse the system

No, you are just VERY selective on your reading. Please point me at a single post where I said to bin the benefit system? You know, to back up the point you are making? You can't, so go back and read things properly instead of reading things in a selective manner and making up statements that I have NEVER made.

Surely as a member of Admin you should be able to construct a better argument than you are currently doing? You are Admin for a reason, unless you own the site that is (unsure TBH?), in which case you are a given and that would explain you making up posts that I haven't posted, let alone thought about?

Sorry, your point was what?

EDIT: P.S. I also posted on here that I binned off being a Union rep didn't I?

I wonder why

I would like you to expand Null_Byte, I am sure if I posted that it would be deemed as a personal attack, so what is the point you are attempting to infer?

[fergy7197]

I very much doubt it is 5 or 10 in 70 million who abuse the system...

The problem is much more widespread. I mean in scotland, in my area, the amount of disability letters I deliver on a thursday (giro day) is unbelieveable. Its all Incapacity benefit, these folk really are taking the mick, I know of at least ten different families, over 3 generations, who half of them are on "incapacity", the rest are just kid factories.

They seem to have enough cash to swan about in G star clothes, Buy 60 fags a day and two bottles of buckfast a day.

I understand limecats gripe. Some of the stuff I dont agree with.

these people have no sense of pride, to them putting their hand out and getting is not shameful.(like im sure most of your parents would say). They feel it is their right to get a house, the government to pay for it, pay the council tax, feed and clothe the kids. There is no incentive to work.

How about pay some of their benefit in vouchers that cannot be redeemed for alcohol, tobaccco etc, just clothes or food.

If they want the rest of the benefits paid then they MUST do community service for at least 40 hours per week to give something back!

would save the councils hiring guys to empty bins, sweep streets and all that stuff.

save us a fortune from paying their pensions

[Limecat]

I very much doubt it is 5 or 10 in 70 million who abuse the system...

The problem is much more widespread. I mean in scotland, in my area, the amount of disability letters I deliver on a thursday (giro day) is unbelieveable. Its all Incapacity benefit, these folk really are taking the mick, I know of at least ten different families, over 3 generations, who half of them are on "incapacity", the rest are just kid factories.

They seem to have enough cash to swan about in G star clothes, Buy 60 fags a day and two bottles of buckfast a day.

I understand limecats gripe. Some of the stuff I dont agree with.

these people have no sense of pride, to them putting their hand out and getting is not shameful.(like im sure most of your parents would say). They feel it is their right to get a house, the government to pay for it, pay the council tax, feed and clothe the kids. There is no incentive to work.

How about pay some of their benefit in vouchers that cannot be redeemed for alcohol, tobaccco etc, just clothes or food.

If they want the rest of the benefits paid then they MUST do community service for at least 40 hours per week to give something back!

would save the councils hiring guys to empty bins, sweep streets and all that stuff.

save us a fortune from paying their pensions

^^^ This.

[stefaclese]

Seeing as most of the industry in the UK that would employ unskilled labourers was pretty much killed off over the last 30+ years, this country is very dependant on the services industry for employment. By getting the unemployed to perform unskilled tasks authorities currently pay people to do, you would be adding to the unemployed quite massively, and not really address the problem.

[stefaclese]

Blah blah blah

Surely as a member of Admin you should be able to construct a better argument than you are currently doing? You are Admin for a reason, unless you own the site that is (unsure TBH?), in which case you are a given and that would explain you making up posts that I haven't posted, let alone thought about?

Sorry, your point was what?

EDIT: P.S. I also posted on here that I binned off being a Union rep didn't I?

I wonder why

I would like you to expand Null_Byte, I am sure if I posted that it would be deemed as a personal attack, so what is the point you are attempting to infer?

Boo hoo hoo

Chillax Limey, either you have completely misunderstood Jon or you're trying to make a personal attack on him. I can vouch that Jon is very much above all that daddio.

[fergy7197]

Seeing as most of the industry in the UK that would employ unskilled labourers was pretty much killed off over the last 30+ years, this country is very dependant on the services industry for employment. By getting the unemployed to perform unskilled tasks authorities currently pay people to do, you would be adding to the unemployed quite massively, and not really address the problem.

there are plenty of unskilled jobs in the private sector too!

It doesnt have to be the jobs that the council hire people to do..

could be anything that the current community service system entails

it could inspire people in the country to be skilled! instead of having the "poverty of the mind" situation we currently have in alot of places!