Budget 20006 - any comments?
 

So we have the main guts now,

No £200 council tax rebate this year for pensioners

beer wine ciggys up in line with inflation (1, 4 and 9p respectively)

New level of Road fund license for 'new' gas guzzlers(i.e. 4x4's) but with no exepmtion for farmers etc who need them.

Public borrowing of £175BILLION over the next 5 years.


VAT on contraceptives cut to 5%

Inheritence Tax raised to £325K by 2009

Extra £250 Child trust fund at age 7

Fuel duty frozen till sept

Stamp duty rasied to 125K

Thats probably teh guts of it that affects normal bods.


So, good bad or not much change.....

Re: Budget 20006 - any comments?
 

Budget 20006 eh
Well, seeing as it doesnt take affect for another 18000 years, entwisi...I'm not too worried :)

Re: Budget 20006 - any comments?
 

No more than expected really, although 9p or so on ciggies is a tad steep. No wonder so many people buy them abroad.

I was in Gibraltar a couple of weeks ago and noticed that B&H were £8.50 for 200, 85p per pack of 20. What do they cost here? Is it almost £5????? Whoever says that smokers should pay more for healthcare has the cheek of the devil...:D Petrol was about 65p per litre over there too, we are being robbed blind...

Re: Budget 20006 - any comments?
 

Inheritance tax should have been raised to about two million pounds, if it was to have been raised inline with inflation sine irt was introduced.


Smokers hit again by more than the rate of inflation, suprise suprise. If they really wanted to make people stop they could ban it outright. Smokers are just an easy group to target.

Re: Budget 20006 - any comments?
 

Gary, Smokers have beeen hit in line with inflation. 2% of £5 is 10p by my reckoning.

As for the year :)

Re: Budget 20006 - any comments?
 

...but the original price was already vastly over inflated.

They should cost £2.97 if they had risen with inflation over the last fifteen years.:D

Re: Budget 20006 - any comments?
 

at least petrol prices arent goin up thanks to the budget - they're managing that themselves quite well!!!

though i have to worry bout where exactly is mr brown plannin to get money for all the wonderful things he's sayin

Re: Budget 20006 - any comments?
 

PUBLIC BORROWING 55 BILLION A YEAR FOR THE NEXT 5 YEARS!!!!!!! Thats bonkers. Why do they need so much? Tax is high enough for some but not others so if they close loopholes etc they might need to borrow less. Its bad enough that people have high personal debt without the Govenment being up to its eyeballs in debt.

Re: Budget 20006 - any comments?
 

a few of those labour loans shud come in handy in repayin them

hell i'm sure none of us wud mind if some billionaire paid a few quid in the uk coffers to be a lord...

lord abramavich perhaps sire?

Re: Budget 20006 - any comments?
 

Suprised they aint approached him with the offer of anything he wants if he gives them a "BUNG." :D

Re: Budget 20006 - any comments?
 

1.25p per litre on petrol/diesel from 01/09/2005, 3.21p per litre on LPG from 01/09/2005. The devil is in the detail!!

Re: Budget 20006 - any comments?
 

I just wonder how he's gonna pay the 175BILLION back over the next 6 years...
Tax and spend.. ah...

Re: Budget 20006 - any comments?
 

Depends on what he can sell and pawn off I suppose. Better make sure the crown jewels are locked up safe and sound. :D

Re: Budget 20006 - any comments?
 

He can't sell off british Gas,The railways, BT, BP, Water,the electricity... The tories "did it, done it, spent it".. perhaps you can make us some nice pots of jam to sell at the next grouse shoot to shore up the the economy and increase money for education and health!

Re: Budget 20006 - any comments?
 

What is inheritence tax? and why do you get taxed on money that has probably already been taxed left right and center anyway? well you get taxed when you earn it and taxed when you spend it and taxed when you save it! so you actually mean you get taxed when you die and give it away? :rolleyes:

Re: Budget 20006 - any comments?
 

did i hear him say free bus passes for old fogeys ,,YABBA DABBA DOO........YIPPEEE

Re: Budget 20006 - any comments?
 

Inheritence Tax raised to £325K by 2009..... means you don't pay this tax unless your own over £325K? .. no problem for me!... Tax em!

Re: Budget 20006 - any comments?
 

yep GC but you've got to live till 2008 to get it, I reckon he'll take away the fuel allowance you get to kill a few extra oldies off before it comes in :)

Re: Budget 20006 - any comments?
 

Problem is DRiller is that this takes your complete estate into account. There are a lot of houses in Accy now worth ~£200K add to that any savings, pensions, assets, etc and you will find it very easy to hit that figure.

Re: Budget 20006 - any comments?
 

OK entwisi.. taking it in .. but how much is your kidney worth and the cost of a transplant? this stuff costs, and I can't take my house with me, did the pharaohs have the right idea? or maybe the tories!

Re: Budget 20006 - any comments?
 

Last time public borrowing was so high, the government ended up going cap in hand to the International Monetary Fund to bail them out. And who pays? We do.

Re: Budget 20006 - any comments?
 

Where does the value of a kidney come into this? I agree that there aint pockets in shrouds and you should spend as much as you physically can but you also want to leave something for those you leave behind.

Re: Budget 20006 - any comments?
 

I'm saying it all costs money and you can't take it with you. were does money for saving lives ,educating kids,fighting terror come from? tax, we all want these things but don't like paying!

Re: Budget 20006 - any comments?
 

Maybe if the could get the rich to pay more tax instead of riding the loop holes as I have mentioned earlier and quango's to vanish there might be an extra few quid around. I wouldnt mind paying more tax if we can get the sevices out of it but it would have to be sensible but would proberly mean an overhaul of the tax system.

Re: Budget 20006 - any comments?
 

45p rise in child benefit! My 8 year old heard this and said.... "That's not enough for a wonka bar from the top shop mum" Out of the mouth of babes.

Re: Budget 20006 - any comments?
 

I think there was a comment by IIRC menzies that struck home with me. He said that whilst he appluaded some of the measures that the chancellor had brought in it just added to the already complex taxation system we have and this all amounted to leaving loopholes etc that can be exploited.

As an example of alternative thinking why not look at replacing the current multilevel, obscure system with a blanket percentage of income. remove VAT etc so lets say 30% of income. The goverment would get a far higher return as less avoidance would be possible and everyone would know exactly what they are due to pay.

Re: Budget 20006 - any comments?
 

The middle class upwards would go nuts if their little tax loopholes vanish. Even at 30% tax rate it is proberly the most any would have ever paid.

Re: Budget 20006 - any comments?
 

LOL very true lettie, the thing is that the gov want to stop people smoking in public places & now in Scotland piloting policing for people having the crafty fag aka breaching smoking in areas fining those that do £50 & premisies that its breached £200 & yet the very gov rely on the revenue collected from smokers is hugely dependable to the money pot:confused:

The most confusing is fining on top talk about bite the hand that feeds the pot. Thing is if everyone who smokes gave up - then no tax is collected from tobacco hence nothing to police & fine, so where would they get their revenue from then ?? ............mmmm another pleasure in life will be highly taxed:rolleyes: ...fresh air will be taxed in this country soon no doubt!!