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Post by nickjonesey on Mar 23, 2011 14:38:45 GMT 1
Good delivery and a few surprises Ed M is responding now, but is coming across pretty weak. I think there will need to be a new Labour leader before they have any chance of changing things.
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Post by ratcliffesghost on Mar 23, 2011 15:11:28 GMT 1
Got to disagree there Nick, he blew away a few of the cons Georgie Boy pulled - (Growth predictions being downgraded, National Insurance scheme take up and changing the index used for future tax allowances being switched to the lower of the two methodologies to name but 3). I'm sure there will be more when he sits down and goes through it, remember he only gets to see it 30 minutes before the budget speech. I watched it with with an Economic development officer who snapped two pencils in half listening to it - panders more to middle sized rather than small businesses dont you think ?
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Post by Deleted on Mar 23, 2011 15:41:10 GMT 1
thought Ed did pretty well. possibly one of his best showings imo. as for the cut in petrol duty so its down to £1.30 / litre tonight. last month they added 3 or 4p per litre via vat, i hope they dont expect me to get excited about this.
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Post by ratcliffesghost on Mar 23, 2011 15:46:04 GMT 1
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Post by Pilch on Mar 23, 2011 15:52:31 GMT 1
petrol stations will be quiet between 5 and 6
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Post by davewill on Mar 23, 2011 16:06:51 GMT 1
Fuel Duty - So hang on!!
IF they had of added 1p per litre duty in April, according to the Gov't the fuel price would have risen by 3p to 4p per litre
Now they are removing 1p per litre of fuel duty at 6pm tonight, does that mean that 3p to 4p per litre will be reduced or just the 1p per litre cut??
Confused.com
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Post by ratcliffesghost on Mar 23, 2011 16:15:33 GMT 1
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Post by WindsorShrew on Mar 23, 2011 16:57:30 GMT 1
Lol I have to laugh at some folk.....whatever he did would be ridiculed it's like having a class full of keyboard tantrums....
I don't pretend to understand all of it but is there nothing at all in the budget that pleases the ConDem bashers on here or are you all so caught up in the cesspit of hatred that nothing matters until we are back in the land of the borrowers ?
I mean come on there must be some good points ?
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Post by Deleted on Mar 23, 2011 17:02:19 GMT 1
Lol I have to laugh at some folk.....whatever he did would be ridiculed it's like having a class full of keyboard tantrums.... I don't pretend to understand all of it but is there nothing at all in the budget that pleases the ConDem bashers on here or are you all so caught up in the cesspit of hatred that nothing matters until we are back in the land of the borrowers ? I mean come on there must be some good points ? Yes mate there are some good points. Army pensions are being cut along with further cuts to the military budget. Why don't you tell us the good bits in your eyes and we will see if we agree.
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Post by ratcliffesghost on Mar 23, 2011 17:02:37 GMT 1
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Post by DiglisShrew on Mar 23, 2011 18:07:23 GMT 1
Point out that in 2008 some 14Billion was lost in Tax Avoidance / Evasion and then expects us to go "WOW" when he targets recovering 1 Billion a year !
Oh , and I'm so pleased that he raised the Entrepreneurs Relief for capital gains to 10 million !! £5 million was such a miserably low figure !!
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Post by southshropblue on Mar 23, 2011 18:38:45 GMT 1
Point out that in 2008 some 14Billion was lost in Tax Avoidance / Evasion and then expects us to go "WOW" when he targets recovering 1 Billion a year ! Oh , and I'm so pleased that he raised the Entrepreneurs Relief for capital gains to 10 million !! £5 million was such a miserably low figure !! I guess if if was that easy then Gordon and Ed would have stopped tax evasion /avoidance years ago 1 billion is a decent enough start but the key will be whether he achieves it- he hasnt yet In fairness to Ed Milliband it is a hard to task to respond to a budget however he did not do it very well As to the budget itself time will tell whether it works or not nailbiter
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Post by WindsorShrew on Mar 23, 2011 19:06:10 GMT 1
Well as I say I am no expert but I found a few things pleasing.
Planned (by the previous government) inflation rise in fuel duty due in April to be delayed until 2012
Annual 1p above inflation "fuel escalator" rise scrapped until 2015
Measures to be paid for by £2bn extra taxes on North Sea oil firms.
I think thats ok.
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Post by WindsorShrew on Mar 23, 2011 19:07:36 GMT 1
Ialso think this is pretty good...
Personal tax allowance to rise a further £630 to £8,015 in April 2012
There was also good news on claiming car mileage goes up to 45p.
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Post by WindsorShrew on Mar 23, 2011 19:09:26 GMT 1
And specially for you Pab...he must have heard you moaning......he is putting money towards repairing pot holes !
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Post by ratcliffesghost on Mar 23, 2011 19:13:36 GMT 1
And specially for you Pab...he must have heard you moaning......he is putting money towards repairing pot holes ! The same £100m budget for repairing pot holes as the last four four nights bombarding Gadaffi has cost - hmmmm.
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Post by WindsorShrew on Mar 23, 2011 19:19:22 GMT 1
And specially for you Pab...he must have heard you moaning......he is putting money towards repairing pot holes ! The same £100m budget for repairing pot holes as the last four four nights bombarding Gadaffi has cost - hmmmm. Thats an interesting point Reg....maybe it's planning for the future. I mean when our pot holes are repaired they can go and repair all the big ones in Libya !
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Post by ratcliffesghost on Mar 23, 2011 19:22:58 GMT 1
The same £100m budget for repairing pot holes as the last four four nights bombarding Gadaffi has cost - hmmmm. Thats an interesting point Reg....maybe it's planning for the future. I mean when our pot holes are repaired they can go and repair all the big ones in Libya ! One step ahead of me Stu - but this would be done by PRIVATE SECTOR companies - the lengths he is having to go to in order to kick start the upturn in that sector is a bit excessive dont you think
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Post by ratcliffesghost on Mar 23, 2011 19:26:58 GMT 1
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Post by mattmw on Mar 23, 2011 19:27:34 GMT 1
And specially for you Pab...he must have heard you moaning......he is putting money towards repairing pot holes ! The same £100m budget for repairing pot holes as the last four four nights bombarding Gadaffi has cost - hmmmm. And the same £100 million he announced for potholes a couple of months ago which most local authorities have already budgeted for
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Post by Shrewed on Mar 23, 2011 19:30:34 GMT 1
Personally pleased that the air passenger tax is not being increased. But the reduction in the indexing of personal tax bands will mean people losing out again. Now this is what you call a stealth tax.
Worried about the affects on the housing Market by the planned cheap loans to first time buyers. The real worry must be the lack of growth and it's effect on unemployment.
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Post by ratcliffesghost on Mar 23, 2011 19:42:04 GMT 1
The real worry must be the lack of growth and it's effect on unemployment. Totally agree Mon. The Cameron wonder innovation "The Office For Budget Responsibility" today upped by 100,000 their forecast made last november for unemployed people this November - that in itself has cocked up his budget, hope it wont need revising upwards again but I doubt it
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Post by WindsorShrew on Mar 23, 2011 20:23:22 GMT 1
Personally pleased that the air passenger tax is not being increased. Didn't he mention that he investigated passing that on to the airlines but it was illegal ?
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Post by Deleted on Mar 23, 2011 20:26:55 GMT 1
One real sparkling idea. Enterprise Zones. Bound to work-just like last time-not.
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Post by The Shropshire Tenor on Mar 23, 2011 20:36:54 GMT 1
As a volunteer for a charity I have to say that the proposed simplification of Gift Aid is very welcome.
Also relieved that NI and Income Tax have not been combined - this would be a disaster for us pensioners.
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Post by davewill on Mar 23, 2011 21:35:26 GMT 1
Diesel went down 1p a litre at 6pm in Newport The only problem with that is that yesterday Diesel at the Shell garage was £1.36 litre. Today it went up to £1.37 per litre only to drop back down to £1.36 per litre at 18.00hrs What a saving
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Post by heavenlyshrew on Mar 23, 2011 23:18:26 GMT 1
Did i just see that ciggies have gone up 50p a packet?
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Post by saladsaladsalad on Mar 23, 2011 23:55:54 GMT 1
Well as I say I am no expert but I found a few things pleasing. Planned (by the previous government) inflation rise in fuel duty due in April to be delayed until 2012 Annual 1p above inflation "fuel escalator" rise scr@pped until 2015 Measures to be paid for by £2bn extra taxes on North Sea oil firms. I think thats ok. I'd always thought windsor was an intelligent bloke, despite being myopically tory - totally blown out of the water by comments in this thread. Horrible thing is many millions of people up and down the country will be saying the same thing: 'I think that's ok'.
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Post by blueandamber on Mar 23, 2011 23:58:29 GMT 1
As my current situation stands, the budget has been good news for me. More money before tax kicks in, (very) slight decrease in fuel costs...for now anyway...as I travel just under 1,000 miles per month. I don't smoke, drink now and again, so those tax rises don't really affect me. I'm not a home owner...yet, but I hope some similar scheme is in place for when I want to move out.
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Post by grinfish on Mar 24, 2011 0:41:07 GMT 1
Classic political fudging on Newsnight from Angela Eagle. JP:"What would you have done today that the government didn't?" AE:"I'll tell you what we wouldn't have done..." JP:"That isn't the question I asked!" AE:*various faff about the other party's plans rather than hers* Unsure how the budget will affect me, or my employer to be honest. Since 2008, our local employee tally has grown by 1200% (no, not an error). Where larger automotive suppliers fell to pieces, we bent with the breeze by taking cuts to hours (and thus pay) for a few months in early '09, and haven't stopped growing and taking on new business since. Is this a product of Labour policy? I doubt it. More a case, I think, of not being excessive in our expectations, tightening belts when needs must, not demanding full hours and full pay for doing **** all work. I don't think the Budget is going to do us any harm, whether it'll do us any good either, I'm not sure. Wages aren't high, but they're liveable if you're not a big spender/borrower, as so many have been (to their inevitable downfall) during the last decade or so of recklessness at all levels of society and establishment. I'm paying all the bills and still managing short holidays overseas with a sensible budget, can travel to London for a day for a little over a tenner each way with a little pre-planning, and have no credit outstanding. I'm sure I'll feel the sting of cigs going up, but it's manageable, and I don't get upset that they do rise. Hopefully the extra staff we've added this week will mean I can have a few weekends off overtime and maybe take in a game before the end of the season. I think I'm just rambling now.
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