Quote:
Originally Posted by andrewb
Are you better or worse off?
You can find a budget calculator here: BBC News - Budget calculator 2010 although it is not comprehensive.
My housemate is not too happy with the 10% increase in the price of cider. 
My biggest peeve is the hidden stealth tax on working people. It's not within the BBC's budget calculator as it's sneakily done. They're going to freeze the personal tax allowance, where as normally it increases in line with inflation. This means that you'll be taxed an extra £50 on your income. I'm absolutely against this. I think the personal allowance should be raised to £10,000 so the lowest income workers are taken out of tax altogether. |
from the bbc's website ..
BBC News - Parties draw economy battle lines on day after Budget
But Mr Osborne claimed 30 million workers were facing an effective tax rise due to the freeze on personal allowances.
He said the details, contained in official documents, were a new "stealth tax" and Mr Darling had "said nothing about the biggest tax rise in the Budget" in his speech.
Mr Darling said that tax thresholds are linked to the inflation rate the previous September. At the time inflation was negative so "in theory these allowances should have been cut... now that would have been daft... so I froze them".