Lil Miss Bump Posted June 22, 2010 Report Share Posted June 22, 2010 what do you guys think???? Budget key points: At-a-glance Page last updated at 16:22 GMT, Tuesday, 22 June 2010 17:22 UK E-mail this to a friend Printable version Here are the key points of Chancellor George Osborne's first Budget, delivered on 22 June, 2010: TAX VAT: Rate will rise from 17.5% to 20% from January 4, 2011. Personal income tax allowance: To be increased by £1,000 in April to £7,475 - worth £170 a year to basic rate taxpayers. It is expected that 880,000 of the lowest-paid will be taken out of income tax altogether. FULL BUDGET DOCUMENTS Continue reading the main story PDF download Budget June 2010[2.79MB] Most computers will open PDF documents automatically, but you may need Adobe Reader Download the reader here Documents hosted by Direct.gov.uk Council tax: Could be frozen for one year from April 2011 in England, but extra funds will only be offered to councils which keep their own costs down. Worth about £35 per household. Capital Gains Tax: To rise from 18% to 28% from midnight for higher rate taxpayers. The "entrepreneurs relief" rate of 10% on the first £2m of gains will be extended to the first £5m. A 50p a month "landline tax" to fund the rollout of fast broadband will be scrapped - instead the government will support private investment, partly funded by the digital switchover under-spend within the TV licence fee. The balance of spending cuts to tax rises would be 77% to 23%. WATCH: Chancellor announces changes to capital gains WATCH: House in uproar over VAT rise WATCH: Government raises income tax threshold Quote Link to comment Share on other sites More sharing options...
BingBlaze n Skyla Posted June 22, 2010 Report Share Posted June 22, 2010 i like the tax thing cuz im on the lower paid scale lol Quote Link to comment Share on other sites More sharing options...
Sparks Posted June 22, 2010 Report Share Posted June 22, 2010 i dont really get much of this lol , all i deffo know is that the increase in tax from 17.5% to 20% will effect me, not sure about anything else :lol: Quote Link to comment Share on other sites More sharing options...
Lil Miss Bump Posted June 22, 2010 Author Report Share Posted June 22, 2010 yep i dont really get most of it either was hoping some boffin could explain!! i know all the rich people in RBS went mental yesterday as they got wind of the tax thing increasing 2night and have been shifting money around!!! oh and that i'm going to get screwed by VAT and i only earn about 9k a year so that doesn't effect me either!! the eductation thing affects my mum....and so does the benefits thing :-( Quote Link to comment Share on other sites More sharing options...
Zion Posted June 22, 2010 Report Share Posted June 22, 2010 - Sorry to anyone i offended with my comments, wasn't my intention at all. Quote Link to comment Share on other sites More sharing options...
Lil Miss Bump Posted June 22, 2010 Author Report Share Posted June 22, 2010 jett- i have friends who are in fear of being deported and i have seen their scars both mental and physical-i think that was a bit of a blase comment you just made and completely inappropriate. Quote Link to comment Share on other sites More sharing options...
Zion Posted June 22, 2010 Report Share Posted June 22, 2010 - My comments weren't posted to offend anyone at all, Sorry if i've upset anyone, wasn't my intention; far from it. Quote Link to comment Share on other sites More sharing options...
Lil Miss Bump Posted June 22, 2010 Author Report Share Posted June 22, 2010 dont get me wrong i agree with u about the conservatives, i can still remember what it was like when i had to grow up with my mam as a single parent under maggie thatcher's rule..... Quote Link to comment Share on other sites More sharing options...
raindog Posted June 22, 2010 Report Share Posted June 22, 2010 Also what you got to remember is Labour was working class they cared about everyone. Cons are higher class, the rich. They do not care about anyone but themselves. That might have been the case once, but not any more. The gap between the rich and the poor got much wider during the 13 years of New Labour government. Not only that but the majority of Labour politicians are just as "posh" as the Tory ones. They've all been to private/public schools and Oxbridge and hardly any of them has done a days work in their lives. Blair, Mandelson, Brown, Clegg, Cameron - all the same, all interchangeable, all w*nkers!!! Not only that, but if you are concerned about immigration, the fact is that it was New Labour who opened the floodgates over the past 13 years as a deliberate policy. - http://www.telegraph.co.uk/news/uknews/law-and-order/6418456/Labour-wanted-mass-immigration-to-make-UK-more-multicultural-says-former-adviser.html Mick Quote Link to comment Share on other sites More sharing options...
Chezell Posted June 22, 2010 Report Share Posted June 22, 2010 Could be worse.... who remembers the 70's!!!!!!! Quote Link to comment Share on other sites More sharing options...
Zion Posted June 22, 2010 Report Share Posted June 22, 2010 -- Quote Link to comment Share on other sites More sharing options...
shanetez1 Posted June 22, 2010 Report Share Posted June 22, 2010 budget has annoyed me no end more cuts to working familys like mine having to pay yet more national insurance and tax from our low wages and yet i live on an estate where most of my neighbours wont be affected as none of them work or are willing too!!!! they have there rent, council tax all paid for them! there answer to there cash flow problems is f**k it lets have another kid then me dull money goes up! yet the familys that try to make the difference get stung the most i really dont get it! Quote Link to comment Share on other sites More sharing options...
lauraxxx29 Posted June 22, 2010 Report Share Posted June 22, 2010 I get so confused with all of it, All i know its going to burn my pocket which is always empty. I will still be struggling to pay bills etc so nothing new so prob wont notice any difference..............lol. Quote Link to comment Share on other sites More sharing options...
Grumpy Busted Posted June 22, 2010 Report Share Posted June 22, 2010 i am self employed, i work, i have a mortgage, i pay my tax's, i pay bills. The people of this country should have listened to what Enoch Powel said then the country would not be in the mess it is now. There are too many that could work but refuse too. Too many single parent families that have kids just to get more money from people like me that work for a living. Before i say what i REALLY think and Val slaps me i will stop Rant over Steve Quote Link to comment Share on other sites More sharing options...
Chezell Posted June 22, 2010 Report Share Posted June 22, 2010 3 day weeks...inflation at 27%...strikes Winter of Discontent...1978/79 Quote Link to comment Share on other sites More sharing options...
Lil Miss Bump Posted June 22, 2010 Author Report Share Posted June 22, 2010 steve i agree with SOME of what you're saying.......not a fan of enoch's rivers of blood speech myself if that's the one you're talking about.............. i have worked since i was 13, my mum was a single mum who worked 2 jobs 1 full and 1 part time, we had NO money, we lived hand to mouth and sometimes not even that. i left my job and was unemployed from oct 09-jan 10 and couldn't claim any benefits what so ever not job seekers, not council tax benefit, not sick pay nothing.....that makes me wonder wtf is going on with our country..... Quote Link to comment Share on other sites More sharing options...
Grumpy Busted Posted June 22, 2010 Report Share Posted June 22, 2010 3 day weeks...inflation at 27%...strikes Winter of Discontent...1978/79 But those on the social still had there rent paid and help with everything else, if you had a mortgage then you lost your house. Quote Link to comment Share on other sites More sharing options...
Boshka Posted June 22, 2010 Report Share Posted June 22, 2010 A very emotive subject that no one will agree on! Quote Link to comment Share on other sites More sharing options...
KERNOWHUSKIES Posted June 22, 2010 Report Share Posted June 22, 2010 arrrrgggghhh it makes me soooo mad ! Quote Link to comment Share on other sites More sharing options...
Lil Miss Bump Posted June 22, 2010 Author Report Share Posted June 22, 2010 A very emotive subject that no one will agree on! lol yep!!! Quote Link to comment Share on other sites More sharing options...
Marc Posted June 22, 2010 Report Share Posted June 22, 2010 Ah well, cant do much about it LOL ... Balls to the lot of em LOL Other than vote for what you believe in of course .. BUT HANG ON A SEC ... cant even do that anymore can we LOL. Even screwed that one up Quote Link to comment Share on other sites More sharing options...
Chezell Posted June 22, 2010 Report Share Posted June 22, 2010 Totally agree... Jett didn't understand when I asked who remembered the 70's when the country as a whole was going to rack and ruin Quote Link to comment Share on other sites More sharing options...
Sqwidge Posted June 22, 2010 Report Share Posted June 22, 2010 my main concern with it is the fact mikey is due a pay increase next year of close to £2,000...that will affect us a lot...if he doesn't get it (he's a copper)...but as he is still in probation he should still get it as it's not a pay rise in the truest form...god i'm so worried about that. Quote Link to comment Share on other sites More sharing options...
Sarah Posted June 22, 2010 Report Share Posted June 22, 2010 I hope he gets it Sarah xx Quote Link to comment Share on other sites More sharing options...
Grumpy Busted Posted June 23, 2010 Report Share Posted June 23, 2010 It all boils down to the fact that we have too many ILLEGALS here, any other country sends them back but not us, we give them houses and money. If you have a right to be here fine, if not sod off. Quote Link to comment Share on other sites More sharing options...
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