The 09-10 Budget

Diablo

Active member
Anybody seen it or got any comments? I for one am against the £150k 50 tax ( talk about dissuading people who actually want to get really rich by studying hard) because it will not plug the hole in the budget.

Oh and alcohol tax...2p extra, what's that about?
 
name='Diablo' said:
Anybody seen it or got any comments? I for one am against the £150k 50 tax ( talk about dissuading people who actually want to get really rich by studying hard) because it will not plug the hole in the budget.

Oh and alcohol tax...2p extra, what's that about?

I think the 50% tax rate is a good thing, its only up from 45% anyway. Rather them take from the rich instead of the poor in this econymic climate. I read somewhere that it works out to be an extra £19k a year for those earning 150k per year.

As much as i hate the hike in alcohol tax my liver would disagree. Peeps who decide not to drink as much, are not likely to need NHS treatment for a liver the size of a pea. The people who do drink will be paying the extra 2p to the government for their future NHS treatment.
 
I suppose I'm more annoyed because its the government who got the deficit so high (in part due to massive innefficiency) and then its the tax payer who has to pay for it. I'm pretty annoyed as well because at the end of my degree, I intend to be a pretty high earner (don't we all lol) and the government are going to take a 50% lump of that. Plus the loss of tax breaks.

I wonder if this won't do more harm than good as the richest people start squirreling therir money offshore or find loopholes and pay less tax.

I agree its a very good point about the alcohol tax meaning the people who don't drink won't be paying for the liver treatment, but on the other hand, the income tax rises or whatever else will mean that you pay for other people's health anyway.

If I were on £150k, and I lost an extra £19k a year, that would hit pretty hard, I mean that's well over 10% of your money suddenly gone. And it's to pay for a government screwup.

Alas not being an economist, I can't offer a good way out of this problem, although I still think more than £15bn could be saved from government inneffieciences or whatever it is over the next 5 years. (Or mps spending it on p o r n):p
 
Sounds like our governments are quite the same. We could do two things: get more money by raising the taxes and lowering pensions or increasing our own efficiency.

We cóuld of course look into those officials going home at 16.00 instead of 17.00 and having a paid day off every week. Naahhhh, MOAR TAXES!

</rant>
 
Well, I may be exaggerating, but it is a bit much to charge your husband's porn habit to the taxpayer, mentioning no names
 
I had an ingenious scheme to save money

Instead of paying out for all those useless good for nothing people who ARE capable of working, yet sit around taking drugs, playing playstation, getting drunk etc. on like benefits all their life...teaching their kids the same

Why not say...ok...you are capable, now either a) clean the streets or the like

b) get no money/get the good necessary for living (bare minimum) given to them until they get the ass into gear

Also

stop allowing banks to give out rediculous money to the people actually to blame for our problems..
 
Dammit, I want to be one of those bankers on million pound bonuses. But its a good point about the benefit system, which is clearly being abused. It seems for some people trainspotting isn't a drugs movie, its an aspirational life style.
 
I'd rather they charge the banks 50% apr on the bail-outs they've had. Or demand they cut charges and rates to their customers at the same time. Every Northern Rock or RBS/Lloyds/Whatever customer should have sent their bank a letter and charge them £25/£30 for it.

Doesn't matter which govt did it, they'd have all done the budget a similar way.

What amazes me is that the "news" was on yesterday about the Welsh Assembly having funding cut or something, and how they would cope - but 10 mins later in the same "news" it was "a great idea and about time" that the Welsh health service now fund trans-gender matters, including operations, on the nhs like the rest of the UK.

It's all a big game of Monopoly. Those who none of it ever effects have any money concerns or even have to think about it.
 
name='nathan' said:
I think the 50% tax rate is a good thing, its only up from 45% anyway. Rather them take from the rich instead of the poor in this econymic climate. I read somewhere that it works out to be an extra £19k a year for those earning 150k per year.

It can't be £19k for those earning £150k, as if your earning £150k a year the 50% tax band won't affect you at all.

Your only taxed at that rate above the band - so its 50% on any earnings above £150,000, 0% up to the threshold, 20% on the next ~22k, etc :)
 
There are other factors, such as the end of tax relief on so called salary sacrifice, where the money goes straight (and tax free) into a pension pot, hence many people are going to be paying an awful lot more next year.
 
name='mrapoc' said:
I had an ingenious scheme to save money

Instead of paying out for all those useless good for nothing people who ARE capable of working, yet sit around taking drugs, playing playstation, getting drunk etc. on like benefits all their life...teaching their kids the same

Why not say...ok...you are capable, now either a) clean the streets or the like

b) get no money/get the good necessary for living (bare minimum) given to them until they get the ass into gear

Also

stop allowing banks to give out rediculous money to the people actually to blame for our problems..

Dont forget the 13yr old mums...

Pack all single mothers who do not have fathers name on birth certificate into massive converted warehouses where the only visitors they are allowed inside the building is their immediate family. Only when they get jobs and sustain them for 6 months are they moved to reasonable living conditions where money from their job is automatically deducted to cover their rent.
 
It's a very difficult situation really. Labour say spend, the ol' Tories say don't. The trouble is that not spending increases job losses. Spending increases public debt.

Cutting public spending (on services) is a bad thing. Reduced services means those in dire need don't get it.

Of course, if the government were actually not so damn tied down by equality and stuff like that, we could reduce public spending on the scum on the streets/lazy ass-hats who can't be bothered to work and spend it where it was really needed.
 
One of the crazy things they need to get rid of in the govt-ish sectors is this theory that if u don't spend ur budget for a financial year, ur bound to get less the next year.

I'm sure many other people have seen departments mass spend on tat b4 April 5th this year.

I know some departments with super-costing-never gonna be used pcs stacked in a room cos they had some cash left. All with cards in them u could buy a car with.
 
name='Kempez' said:
we could reduce public spending on the scum on the streets/lazy ass-hats who can't be bothered to work and spend it where it was really needed.

Thus increasing petty crime and vandalism. Great.

No matter what happens people from all walks of live and abilities need help kemp, most of the people that CBA just need help finding something that motivates them.

People with views like that about the 'people that cant be arsed' have generaly never had to suffer or make do in there lives.

Once on the benefit system the goverment have made it increasingly hard to get off it, often people that manage it are worse off financialy.

I do agree that imegration for anyone thats not coming into the country to work and pay tax should be drastically reduced. Im all for a community with people from all races/religions as long as they want to be part of and contribute to the British way of life.

What Britain needs is help to get business flowing again and money changing hands on that respect, THIS is the only way the UK as a country will be able to get back on track.
 
Mate I am not reflecting on a lot of people who do either actively seek work, or those who's circumstances are above help.

But I know for a fact that there are a lot of people who don't give a damn that they can't work and will never bother to try. I'm pretty liberal when it comes to things like that but I know people who work on the front line (social work etc) and they relate what they see and it reflects very badly on Britains who claim benefits. Fact.

Agreed on business 100%, banks need to lend to business and personal mortgage customers (who can afford to pay, I may add). The cash-flow is dry and it needs wetting!

lol @ Rast!
 
Your right some people cant be arsed but that can also be put down to the goverment not giving a rats, as for the banks they created this whole mess we are in, and 70% is down to bad lending in the american market, that is after all what started this whole mess off, Id be saying for a year prior to the big collapse it was going to happen.

The country needs jobs to get people off the dole and paying tax, less people on the dole means they can weed out the lazy ones and give them a size 9 boot up there backsides.

I for one think after a given period even if on the dole you should be put to work doing a comunity style service to EARN your benifit. Dont do it - dont get paid.
 
The thing is - we've had a long period with a very good jobs market and we still had a million+ unemployed. Now it's dropped actual hard working people are out there without a job. That's what the government needs to stop.
 
I agree with Kempez and also with TTL. I feel really sorry for these people out of a job because their company folded. They deserve the money from the dole, and I know what its like to be looking for a job. These people will have been in xyz field at £xyz salary, so I can't blame them if they don't want to start emptying the bins or something else menial for a fraction of what they were being payed before.

On the other hand there are about a million people out there who have never held a decent job, haven't been in a particular area of work and could only get the minimum wage if they ever did, so there's no reason for them not to be looking, apart from not being bothered.

I though there was a scheme in the pipeline for people who had been on the dole for x months to be put to work. I think that would be a great idea. Its like having community service convicts doing some work, except there's less risk of theft or crime in the community they work in, plus it'll teach them something about putting something back into the community.
 
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