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General => Random Chat => Topic started by: vRStu on June 22, 2010, 06:23:35 am

Title: Today's Budget
Post by: vRStu on June 22, 2010, 06:23:35 am
Anyone else think they'll be hugely effected by the rumoured changes to our economy??

It seems widely reported that VAT will increase to 20%.  That is going to add best part of £800 to the price of my new car  :stupid:
Title: Re: Today's Budget
Post by: Hedge on June 22, 2010, 07:32:03 am
I'm sure the usual suspects will get slipped a length like petrol, fags and booze.
Title: Re: Today's Budget
Post by: vRStu on June 22, 2010, 07:38:30 am
Yeah, sadly I think that almost goes without saying to be honest Ian.
Title: Re: Today's Budget
Post by: vRS Carl on June 22, 2010, 08:10:44 am
I'm all for Fags & Booze being increased as they cost the NHS a fortune in medical care. That's not meant to offend anyone who drinks or smokes. It's just my opinion.

I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.

I think they should scrap benefits for any household that has more than a certain income coming in (say £40k pa)

The country needs to remember who has put us in this position and it didn't matter who won the last election they had an awful job to sort this out.

It says something when the Osborne was left a note by Darling as a handover that simply said "Money - There isn't any!"  :stupid:
Title: Re: Today's Budget
Post by: neg on June 22, 2010, 08:20:41 am
Lets bend over and wait for it.....
Title: Re: Today's Budget
Post by: Boothy on June 22, 2010, 08:28:24 am
As a public sector worker I'm likely to get raped by the budget. Not looking forward to it at all.  :sad1:
Title: Re: Today's Budget
Post by: andrewparker on June 22, 2010, 09:05:26 am
Drinkers of strong cider beware!
Title: Re: Today's Budget
Post by: scotta on June 22, 2010, 09:25:40 am


I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.


You do realise that the Government bought shares in the banks and have now actually made a profit on the money they put in due to the market recovery in the share price? If you levvied 85% profit tax on the banks their share price would collapse and the government would loose all the money they put in, as opposed to the current situation where thier investment is now worth more.
Title: Re: Today's Budget
Post by: vRS Carl on June 22, 2010, 10:03:45 am


I think the banks should have to pay back. The previous government was stupid in not saying that they would be bailed out but until they had repaid the debt then for example 85% of any profit went back to the tax payer.


You do realise that the Government bought shares in the banks and have now actually made a profit on the money they put in due to the market recovery in the share price? If you levvied 85% profit tax on the banks their share price would collapse and the government would loose all the money they put in, as opposed to the current situation where thier investment is now worth more.

That's why I'm not chancellor  :signLOL: :signLOL:
Title: Re: Today's Budget
Post by: neg on June 22, 2010, 12:52:53 pm
I just heard the words 'quarter of a trillion'

I think there just making these things up, I'm waiting for Dr Evil to appear!

 :laugh:
Title: Re: Today's Budget
Post by: neg on June 22, 2010, 01:20:36 pm
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....

Title: Re: Today's Budget
Post by: 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
Title: Re: Today's Budget
Post by: S2 Ant on June 22, 2010, 01:31:55 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

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.
Title: Re: Today's Budget
Post by: vRS Carl on June 22, 2010, 01:38:13 pm
 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
Title: Re: Today's Budget
Post by: vRS Carl on June 22, 2010, 01:41:14 pm
I'm moving to Norway

They don't have any debt and actually make a profit of 153% of GDP
Title: Re: Today's Budget
Post by: cameluk on June 22, 2010, 01:41:57 pm
Surprised at no increase on Fuel, Tobacco, and Booze. They also scrapped the cider hike



 :jumpmove: :jumpmove: :jumpmove: :jumpmove:

Can handle the VAT rise on these, instead of the yearly duty rises on  the price of Ciggys & Booze
Title: Re: Today's Budget
Post by: cameluk on June 22, 2010, 01:43:37 pm
I'm moving to Norway

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

Just their cost of living is so high, I'd have to be tea total to live there
Title: Re: Today's Budget
Post by: vRS Carl on June 22, 2010, 01:45:48 pm
I don't drink or smoke so I'll be ok  :jumpmove:
Title: Re: Today's Budget
Post by: vRStu on June 22, 2010, 01:59:12 pm
Just their cost of living is so high, I'd have to be tea total to live there

I was in Abu Dhabi last weekend and thought myself lucky to get 2 pints of Guiness and a pint of Carlsberg for the equivelent of £17.

In Doha a couple of months ago it was £8 - £10 for a pint!!!

The VAT rise delayed until January helps with my car purchase  :drinking:

Very surprised that the usual suspects of booze, fags and petrol got off so lightly.
Title: Re: Today's Budget
Post by: vRS Carl on June 22, 2010, 02:01:12 pm
They are looking at duty on binge drinking products in October
Title: Re: Today's Budget
Post by: Thor on June 22, 2010, 06:58:58 pm
I don't drink or smoke so I'll be ok  :jumpmove:

+1

Like the idea of Norway Carl, plenty of room to run around with your toys too  :happy2:
something about those scandinavian ladies too  :love:
Title: Re: Today's Budget
Post by: NB07 on June 22, 2010, 07:11:13 pm
They are looking at duty on binge drinking products in October

i better stop drinking by october then!  :rolleye:

hang on a minute, what is a binge drinking product?! bottle of sambuca? crate of beer? straws?!?  :confused:

Title: Re: Today's Budget
Post by: Gene Hunt on June 22, 2010, 07:57:52 pm
Surprised at no increase on Fuel, Tobacco, and Booze. They also scrapped the cider hike



 :jumpmove: :jumpmove: :jumpmove: :jumpmove:

Can handle the VAT rise on these, instead of the yearly duty rises on  the price of Ciggys & Booze
..........but you pay vat on cigs & booze so in effect there is a 2 & 1/2 % increase from next jan. Same with prtrol. :sad1:
Title: Re: Today's Budget
Post by: cameluk on June 22, 2010, 08:06:06 pm
Better than them lumping on extra duty and then  the VAT increase on top