Budget opinions

#1
I will be filmed tomorrow as part of a panel of sixth form students by Channel 4. The subject of the filming will be the upcoming budget. I don't exactly know why they're filming a bunch of slacker students, but I'm not going to miss the opportunity to give Gordon & co. a tongue lashing on national TV. I've got my own complaints to voice, but was wondering whether any of the rest of the great ignored would like to contribute their two pence. The film will probably be shown later in the week. No prizes for guessing which one I am (the Gobshoite) if you see it.
 
#2
It's difficult to have an opinion on something you have yet to hear and I'm sure Mr Brown is quaking in his boots over your threat to give him a tongue lashing particularly as it will be edited.

Fecking students, think they know it all.
 
#3
rwdw said:
Budget on security has risen. Due to those identified in uk accessing telecomm for the transmitting of uk op

methods out to those in public not qualified to recieve. Accessing uk gchq by a memeber of the public in uk,

and constellation group satellites {bus/ inernt/ telecom fraud} is at expense of the taxpayer.
SUICIDE, NOW!
 
#4
The so called "green budget" will be another way of kicking motorist's in the teeth expect higher road tax/fuel duty on stuff that doesn't have the same BHP as a dildo and range of 20 miles before a recharge. Less people working now so shaft the man commuting to work to pay for the short falls opps MP's fiddling their expenses. More duty on fags (always is) and I'd expect a rise on beer as well.
 
#5
CQMS said:
It's difficult to have an opinion on something you have yet to hear and I'm sure Mr Brown is quaking in his boots over your threat to give him a tongue lashing particularly as it will be edited.

Fecking students, think they know it all.
Sorry, should have said budget predictions.

I suppose in the natural order of things it is still Brown > students!
 
#6
It will be an exercise in raising taxes hidden behind a 'green budget'.

The British economy has fallen into deflation for the first time in 50 years, raising fears of a devastating drop in wages and pension freezes.

The Retail Prices Index fell to minus 0.4 per cent in March, down from zero the previous month.

This is the first time the inflation measure, which includes housing costs, has turned negative since 1960.
I know its the Daily Mail but by god what a poor state of affairs.

Anyway, ask him about his no return to boom and bust bollox now. The biggest bust in a century.
 
#7
'Bottler' Brown's Budget, (with a little helping hand from Mr. Mandelson) and albeit to be delivered by 'Captain' Darling, will comprise:

More Taxes for everyone (mainly stealth so few notice).

More Taxes for the 'Wealthy' (to gain 'chav' votes and ensure the 'wealthy' leave the country).

More Spending of the money the government does not have.

More senseless stupidity from a senseless and stupid government.
 
#8
Point of order: if you're in 6th Form, then the word is 'schoolchildren', not 'students'. :)

But you might want to ask about the IMF report. The look on his face is bound to be interesting.
 
#10
Sin Tax

Cigarettes - up 15p a packet
Cigars - up 5p per 5 packet
Beer - up 3p a pint
Wine - up 25p per litre/bottle
Spirits - up 60p per litre/bottle

Green Tax

Petrol - up 2p per litre (deferred until September)
Airport Passenger Duty - European - increase by £10.00
Airport Passenger Duty - Long Haul - increase by £20.00

Misc Tax

Personal Tax Allowance - increase by £200.00
Child Element Tax Credit - increase by £30.00 per annum
Stamp Duty, Inheritance Tax - No Change
VAT to be recalculated on 01 Jan 2010 to 18.5%
Joint incomes in excess of 100K to cease child benefit payments
Winter Fuel Payments to rise by £20.00

Incentive rebates

Lots of Green measures such as electric cars, but little or no delivery programme post budget

Good News

Labour to be out of power by June 2010
 
#11
Asclepios said:
Fair enough, then Channel 4 is seeking the opinion of slacker schoolchildren for their budget coverage.
Don't let this bunch of cynics discourage you, as much as they're a good bunch. Its great to see the next generation take an active interest in the political future of this country.
 
#12
mad_mac said:
Sin Tax

Cigarettes - up 15p a packet
Cigars - up 5p per 5 packet
Beer - up 3p a pint
Wine - up 25p per litre/bottle
Spirits - up 60p per litre/bottle

Green Tax

Petrol - up 2p per litre (deferred until September)
Airport Passenger Duty - European - increase by £10.00
Airport Passenger Duty - Long Haul - increase by £20.00

Misc Tax

Personal Tax Allowance - increase by £200.00
Child Element Tax Credit - increase by £30.00 per annum
Stamp Duty, Inheritance Tax - No Change
VAT to be recalculated on 01 Jan 2010 to 18.5%
Joint incomes in excess of 100K to cease child benefit payments
Winter Fuel Payments to rise by £20.00

Incentive rebates

Lots of Green measures such as electric cars, but little or no delivery programme post budget

Good News

Labour to be out of power by June 2010
Forgot to add:

National Insurance will rise by a revised figure of 1 pence in the pound from 2011.
 
#13
Ord_Sgt said:
Asclepios said:
Fair enough, then Channel 4 is seeking the opinion of slacker schoolchildren for their budget coverage.
Don't let this bunch of cynics discourage you, as much as they're a good bunch. Its great to see the next generation take an active interest in the political future of this country.
Here here!
 
#14
parapauk said:
Ord_Sgt said:
Asclepios said:
Fair enough, then Channel 4 is seeking the opinion of slacker schoolchildren for their budget coverage.
Don't let this bunch of cynics discourage you, as much as they're a good bunch. Its great to see the next generation take an active interest in the political future of this country.
Here here!
Cheers. I think part of being an Arrse member is learning how to take the banter.

So what I'm getting so far is that people think there'll be a lot of increases to minor taxes, rather than increases on the larger taxes (eg. income)? I'm a bit of a novice on the economy, but I might ask why a "socialist" governement seems to want to increase disproportionate taxes.The taxes on cigarettes, booze, petrol etc. are all basically specific VAT's (I think), and the idea of basic VAT going back to 18.5% is hardly "the work of change".
 
#15
Asclepios said:
parapauk said:
Ord_Sgt said:
Asclepios said:
Fair enough, then Channel 4 is seeking the opinion of slacker schoolchildren for their budget coverage.
Don't let this bunch of cynics discourage you, as much as they're a good bunch. Its great to see the next generation take an active interest in the political future of this country.
Here here!
Cheers. I think part of being an Arrse member is learning how to take the banter.

So what I'm getting so far is that people think there'll be a lot of increases to minor taxes, rather than increases on the larger taxes (eg. income)? I'm a bit of a novice on the economy, but I might ask why a "socialist" governement seems to want to increase disproportionate taxes.The taxes on cigarettes, booze, petrol etc. are all basically specific VAT's (I think), and the idea of basic VAT going back to 18.5% is hardly "the work of change".
Fiddling whist Rome burns basically.

VAT to 18.5% is probably an attempt by Darling to recoup some of the money lost by giving the 2.5% discount which did sod all. Im not sure he wants the label of being the Chancellor that bankrupted Britain (he would rather leave that electoral bomb for the Tories...)
 
#16
Asclepios said:
parapauk said:
Ord_Sgt said:
Asclepios said:
Fair enough, then Channel 4 is seeking the opinion of slacker schoolchildren for their budget coverage.
Don't let this bunch of cynics discourage you, as much as they're a good bunch. Its great to see the next generation take an active interest in the political future of this country.
Here here!
Cheers. I think part of being an Arrse member is learning how to take the banter.

So what I'm getting so far is that people think there'll be a lot of increases to minor taxes, rather than increases on the larger taxes (eg. income)? I'm a bit of a novice on the economy, but I might ask why a "socialist" governement seems to want to increase disproportionate taxes.The taxes on cigarettes, booze, petrol etc. are all basically specific VAT's (I think), and the idea of basic VAT going back to 18.5% is hardly "the work of change".
To a point you are right but keep in mind that none of this stuff:

Sin Tax

Cigarettes - up 15p a packet
Cigars - up 5p per 5 packet
Beer - up 3p a pint
Wine - up 25p per litre/bottle
Spirits - up 60p per litre/bottle
is really a necessity, much as many may protest otherwise. Petrol is another matter but as much as we might like to believe the government is only doing it for the money global warming is an issue - just because it is in their interest doesn't mean it shouldn't be done. The UK is also one of only 3 of the 27 EU countries that doesn't charge VAT on food.
 
#17
Increasing income tax is a sure fire way to turn off voters.

Browns little stealth bomb of reducing income tax from 22p in the pound to 20p in the pound was a grand finale to his 11th and final budget.

This backfired spectacularly when the number crunchers worked out the financial implications of the abolition of the tax banding rates. The abolition of the lowest 10p tax rate, which incidentally netted the Treasury £8.6bn in one fell swoop, hit people earning from around £5,000 to £15,000 the hardest.

Don`t forget the 1997 budget and the scrapping of tax relief on pension funds’ dividend payments which has wiped between £175billion to £225billion off the value of workplace pension funds

Unfortunately this government has tried to hide through stealth the true degree of taxation.

The true figures will probably take about 24 hours post budget to come to light.
 
#18
I predict a few, token tax increases on 'the rich' as a sop to the left who are now starting to turn on Brown. Possibly a hefty tax on bonuses over £1,000.

Even increasing the top rate to 45% and squeezing NI as never before will only, in theory, raise a couple of billion. Not even a drop in the ocean of debt that's been run up over the past 12 years.

IIRC, the Institute for Fiscal Studies produced a report recently showing that Gordon had reached his limit on tax. Further significant increases in direct taxation will actually lead to a reduction in government income. This is because the tax lost by people who move abroad to work and those who become better off on benefits will exceed the gains from increased tax rates. Perhaps that's why the government's borrowing so much.

We already have the fourth highest rate of corporation tax in Europe. If you include employer's national insurance, we are number one in the EU for company tax. When countries like Ireland are offering less than half the corporation tax rate that Britain is, increasing corporation tax makes no sense. It'll just accelerate the 'Taxodus' of companies relocating abroad to avoid UK tax rates. Hence reducing income again.

That leaves VAT and duty on petrol, fags and booze. They're not going to raise much more than a few billion, even with unprecedented increases. That's less than what we spent on welfare over the Easter weekend.

Nope. The only way to deal with this mess is through drastic cuts in welfare and mass redundancies in the civil service. I'd rate the chances of Darling doing that tomorrow as slightly lower than Abu Hamza starting a career as a concert pianist when he gets out of a US Federal Supermax prison in about 500 years.
 
#19
Ancient_Mariner said:
I predict a few, token tax increases on 'the rich' as a sop to the left who are now starting to turn on Brown. Possibly a hefty tax on bonuses over £1,000.

Even increasing the top rate to 45% and squeezing NI as never before will only, in theory, raise a couple of billion. Not even a drop in the ocean of debt that's been run up over the past 12 years.

IIRC, the Institute for Fiscal Studies produced a report recently showing that Gordon had reached his limit on tax. Further significant increases in direct taxation will actually lead to a reduction in government income. This is because the tax lost by people who move abroad to work and those who become better off on benefits will exceed the gains from increased tax rates. Perhaps that's why the government's borrowing so much.

We already have the fourth highest rate of corporation tax in Europe. If you include employer's national insurance, we are number one in the EU for company tax. When countries like Ireland are offering less than half the corporation tax rate that Britain is, increasing corporation tax makes no sense. It'll just accelerate the 'Taxodus' of companies relocating abroad to avoid UK tax rates. Hence reducing income again.

That leaves VAT and duty on petrol, fags and booze. They're not going to raise much more than a few billion, even with unprecedented increases. That's less than what we spent on welfare over the Easter weekend.

Nope. The only way to deal with this mess is through drastic cuts in welfare and mass redundancies in the civil service. I'd rate the chances of Darling doing that tomorrow as slightly lower than Abu Hamza starting a career as a concert pianist when he gets out of a US Federal Supermax prison in about 500 years.
The big problem with that is that at a junior grade it will cost as much to keep them out of work as in work, a pay freeze is as likely as a snowstorm in hell. There will be a reduction in the grant to local authorities so your council tax will go up unless the town hall grows some. Expect Unison to start kicking off soon.
 

Similar threads

Latest Threads

Top