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| Budget 2013 http://www.x404.co.uk/forum/viewtopic.php?f=19&t=18565 |
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| Author: | jonbwfc [ Wed Mar 20, 2013 1:42 pm ] |
| Post subject: | Budget 2013 |
Various views The BBC The Guardian The Telegraph The Independent Sky News quick summary growth forecast halved compared to forecast made last autumn Personal tax allowance to £10K from 2014 Fuel duty increase cancelled Alcohol duty escalator cancelled Flat rate £144/week pension by 2014 Increased funding for tax enforcement (estimated to earn £3b/year extra revenue - money to be used in infrastructure spending) 1% cut in corporation tax Pubic sector pay rises capped at 1%, armed services not subject to cap prediction of deficit paid off by 2017 Aside from the various predictions (which have uniformly proved to be as accurate as a penniless gambler's bets during this administration) it seems a relatively neutral budget to me. I can't honestly see it making much of a change to most people's situations. |
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| Author: | l3v1ck [ Wed Mar 20, 2013 1:47 pm ] |
| Post subject: | Re: Budget 2013 |
Without trying to read all the links on my phone.... Are they allowing child trust funds to be moved to child ISA's? |
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| Author: | jonbwfc [ Wed Mar 20, 2013 2:01 pm ] | |||||||||
| Post subject: | Re: Budget 2013 | |||||||||
There were mentions of it being a possible measure before the budget but nobody seems to have said it was actually announced. |
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| Author: | Amnesia10 [ Wed Mar 20, 2013 2:16 pm ] |
| Post subject: | Re: Budget 2013 |
I expect that the growth forecasts will be downgraded next year and the year after that as well. The OBR have been wrong all along, being far too optimistic. Though considering the tight bounds he was within it is a non event, nothing really bad or good in the budget. |
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| Author: | paulzolo [ Wed Mar 20, 2013 3:16 pm ] |
| Post subject: | Re: Budget 2013 |
There was also some ploy to get people to buy new houses by offering a government backed loan to cover the deposit. |
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| Author: | bobbdobbs [ Wed Mar 20, 2013 3:17 pm ] | |||||||||
| Post subject: | Re: Budget 2013 | |||||||||
How evil of them, the damn swine!! |
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| Author: | jonbwfc [ Wed Mar 20, 2013 4:07 pm ] | ||||||||||||||||||
| Post subject: | Re: Budget 2013 | ||||||||||||||||||
Well, depending on how you look at it, that could also be described as the government artificially maintaining the housing price bubble. Given they're loaning people money to pay the deposit and they've given the banks hundreds of billions to give out as credit including for mortgages, They could probably save everyone the trouble, cut out the middle men and just buy houses for people. The housing market, particularly in the south east, needs to re-align. Propping up the price by helping people to pay deposits on mortgages they probably won't be able to afford long term stops that happening. Jon |
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| Author: | bobbdobbs [ Wed Mar 20, 2013 4:27 pm ] | |||||||||||||||||||||||||||
| Post subject: | Re: Budget 2013 | |||||||||||||||||||||||||||
With a mortgage that is the same as our current rent we could easily afford to buy a three bedroom house but as we do not have that handy deposit its a no no as far as mortgage lenders seem to be, so its going to be a few more years before we can move out of rented accomodation. |
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| Author: | Amnesia10 [ Wed Mar 20, 2013 4:37 pm ] | |||||||||||||||||||||||||||
| Post subject: | Re: Budget 2013 | |||||||||||||||||||||||||||
It also ignores the impact on inflation on peoples wages. If inflation continues at 3%+ and wages are stagnant it is only a matter of time before these people find that they are in trouble. Though by that time it will be another governments problem. |
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| Author: | bobbdobbs [ Wed Mar 20, 2013 7:47 pm ] | |||||||||
| Post subject: | Re: Budget 2013 | |||||||||
I'm one lucky git, in the past decade I have had only 1 pay rise at inflation rate. In real terms my wages are 29% higher than when I started 
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| Author: | ProfessorF [ Wed Mar 20, 2013 7:52 pm ] |
| Post subject: | Re: Budget 2013 |
People of the UK: Not increasing fuel duty does not equate to saving you money. I think I'll buy a mansion for several million pounds. Oh no, wait, I won't. Phew, I just saved several million pounds. Morons. |
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| Author: | MrStevenRogers [ Wed Mar 20, 2013 8:58 pm ] |
| Post subject: | Re: Budget 2013 |
with the PTA going up to £9440 we are about £600 a year in pocket between us ... |
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| Author: | E. F. Benson [ Thu Mar 21, 2013 4:36 pm ] |
| Post subject: | Re: Budget 2013 |
Smoking fags, drinking grog and driving around has obviously got to stop though if you would like to continue the changes to tax codes make it ok. I really don't understand all this robbing Peter to pay Paul |
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| Author: | JJW009 [ Thu Mar 21, 2013 4:43 pm ] |
| Post subject: | Re: Budget 2013 |
The PTA increase actually takes me out of paying income tax completely 
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| Author: | Amnesia10 [ Thu Mar 21, 2013 4:49 pm ] | |||||||||
| Post subject: | Re: Budget 2013 | |||||||||
Are you still hit by NI payments? |
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