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Today's Budget

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neg:
VAT is to rise to 20% from 04.01.11

I am suprised they did this, I know there were talks but I didnt expect them to do it.  Although a cheap way of trying to get more money easily I suppose - is it likely to ever come back down....

vRS Carl:
Surprised at no increase on Fuel, Tobacco, and Booze. They also scrapped the cider hike

Good to see they have linked pensions to earnings

Income tax threshold raised by £1k from next year

S2 Ant:

--- Quote from: vRS Carl on June 22, 2010, 01:27:17 pm ---Surprised at no increase on Fuel, Tobacco, and Booze. They also scrapped the cider hike

Good to see they have linked pensions to earnings

Income tax threshold raised by £1k from next year

--- End quote ---

Dont forget tho that the VAT increase effectively puts fuel up by just over 2p per litre when it comes in anyway. Same for the other items.

vRS Carl:
 Im gobsmacked that some people get £104,000 a year in housing benefit  :surprised: :stupid: :stupid:

Or equivalent to tax and national insurance contributions of 16 people on median income

Who the fook needs that much

vRS Carl:
I'm moving to Norway

They don't have any debt and actually make a profit of 153% of GDP

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