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General Chat Thread, Budget in General; Anyone watching/Listening to it?...
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    Gatt's Avatar
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    Budget

    Anyone watching/Listening to it?

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    36Degrees's Avatar
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    No - I tend to periodically check the at-a-glance page on the BBC's news website. BBC News - Budget 2011 at-a-glance: George Osborne's key points

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    sonofsanta's Avatar
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    Just had a quick catch up now, looks like it's shaping up to be a normal Tory budget, I fear :/

    Also not sure if I'm meant to care about the "most families £45 a year better off" thing. £3.75 a month doesn't stretch too far when the price of fuel has gone up every week for the last 4 weeks in a row.

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    CAM
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    Looks like they are starting on the education sector now. 24 new tech colleges to be made, they may need tech staff?

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    Gatt's Avatar
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    Personal Tax Allowance up by £1,000 and up to £8,105 next April

    Anyone know what that actually equates to per month?

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    Gatt's Avatar
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    Fuel Duty down 1p per litre as of 6PM tonight
    No increase next week..
    Fuel stabilizer introduced depending on the price of a barrel of oil.

    Will it have any noticable effect? I'm not sure

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    Quote Originally Posted by Gatt View Post
    Personal Tax Allowance up by £1,000 and up to £8,105 next April

    Anyone know what that actually equates to per month?
    Almost nothing. Don't forget that National Insurance goes up - there's some info here:Budget 2011: using CPI to calculate tax explained - Telegraph (look at the section "how badly will people be hit")

    1p off petrol is better than 1p on petrol but it's hardly making a change; on the AA figures for petrol prices, the government now get an extra 2p per litre in VAT since January (and that's ignoring the increase in VAT on 1 January) - the net effect of the change is that George Osborne is still sticking his hand deep into your pocket to take as much as he can (unless of course you're a big company in which case you're going to pay far less tax. Still, we have some advertising agency threatening to come back to the UK so I suppose it's not all bad :-))

  8. Thanks to srochford from:

    jcollings (24th March 2011)

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    mthomas08's Avatar
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    I occasionally looked on the suns website to see the little bar telling me whats going on.

    As a coming first time buyer it is good, the fuel tax change feels a bit pathetic to me but lets see.

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    Gatt's Avatar
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    I pass 4 petrol stations between home and school and NOT ONE of them have taken the 1p off this morning
    I'm guessing they are going to argue that they have, but had to add it back on to increasing oil prices

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    Quote Originally Posted by Gatt View Post
    I pass 4 petrol stations between home and school and NOT ONE of them have taken the 1p off this morning
    I'm guessing they are going to argue that they have, but had to add it back on to increasing oil prices
    Our Asda has. It was 137.9 for diesel yesterday and now it's 136.9 - what will I do with all that new found wealth!

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    Dont spend it all at once

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    Quote Originally Posted by jcollings View Post
    Our Asda has. It was 137.9 for diesel yesterday and now it's 136.9 - what will I do with all that new found wealth!
    My feeling exactly... 1p does sound rather pathetic. Only people who HAVE to drive everyday will be driving everyday I guess having your own personal driver every day taking you 1 mile to work really doesnt effect you so much.. (aimed at the gov).

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    If you save up the all the 1p saving you get a whopping £3.65 - should just be enough for a loaf of bread

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    Quote Originally Posted by Gatt View Post
    If you save up the all the 1p saving you get a whopping £3.65 - should just be enough for a loaf of bread
    But if you cant save up, just be careful where you spend a penny, some people will take offence ;-)

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    Quote Originally Posted by mthomas08 View Post
    I occasionally looked on the suns website to see the little bar telling me whats going on.

    As a coming first time buyer it is good, the fuel tax change feels a bit pathetic to me but lets see.
    If you want to live in a badly built shoebox perhaps. Otherwise, it's just a bung to help House builders.



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