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willowsend Mega user
Posts : 2271 Join date : 2009-11-10 Age : 85 Location : Dobrich
| Subject: Budget 2010 Mon Mar 15, 2010 10:23 pm | |
| What are your predictions Why not have our own party political debate, but no heckling from the back benches |
| | | Admin Administrator
Posts : 6136 Join date : 2009-08-15
| Subject: Budget 2010 Mon Mar 15, 2010 10:34 pm | |
| What a good topic well apart from the obvious I'm not to sure I think it's going to be a difficult one all round but one thing is for sure he won't be giving us anything as usual, or if he does he will take it back 3 fold so for now I won't hold my breath |
| | | oddball Moderator
Posts : 7312 Join date : 2009-10-20 Age : 66
| Subject: Budget 2010 Mon Mar 15, 2010 11:36 pm | |
| OK lets start
75% increase in favour of MP's expenses and 3% increase on public income taxes Order in the house
Oddy that was a bit naughty for me eh!! |
| | | willowsend Mega user
Posts : 2271 Join date : 2009-11-10 Age : 85 Location : Dobrich
| Subject: Budget 2010 Tue Mar 16, 2010 12:01 am | |
| - oddball wrote:
-
OK lets start
75% increase in favour of MP's expenses and 3% increase on public income taxes Order in the house
Oddy that was a bit naughty for me eh!! With a sense of humour like that I think you two would make a wonderful Mr & Mrs Prime Minister as for the Chancellor he is a right little Darling is'nt he this is where he will deliver his Budget from and then what he has done and make out he is Have fun |
| | | Judybaby Junior user
Posts : 86 Join date : 2010-01-05
| Subject: Budget 2010 Tue Mar 16, 2010 6:50 am | |
| The only thing we can all be sure of (those in Uk I mean), is that we're gonna have to pay for all the bank bailouts! One way or another
But, I predict the budget won't sound too bad on the surface as there is a general election looming. All the decisions that are going to cost us big time, will be set to kick in after the election.
That way, the govt are hoping the UK electorate will be fooled in to thinking they've handled the recession really well and look it hasn't had to cost each of us too much. After the election the party that gets in will get the blame when it all hits home!
Call me cynical but I believe politicians are only in it for the glory and the money and will do anything to win!
I hope the British public think radically and vote accordingly!! Now that would be interesting!
There we go, I'm wound right up again!! |
| | | Fletch Senior user
Posts : 216 Join date : 2009-09-16
| Subject: Budget 2010 Tue Mar 16, 2010 7:21 am | |
| As you say I am sure that anything that will cost people will come into effect after the elections, Think he will make this a nice budget as such, they wont your vote. |
| | | tonyb60 Mega user
Posts : 2150 Join date : 2010-02-18
| Subject: Budget 2010 Tue Mar 16, 2010 7:55 am | |
| No increase in duty on Booze, Fags & Fuel
Scrap: Allowances for Immigrants, Housing benefit for those lazy bu**ers that wont work
Scrap. Second home perks, and MP pay increases
Take back any fiddle money off MP's
Increase tax allowances and Pensions by 10%
Good morning just woke up had a dream about the budget |
| | | Daisy Super user
Posts : 1121 Join date : 2010-02-11
| Subject: Budget 2010 Tue Mar 16, 2010 9:48 am | |
| We can all live in hope No! hope that is |
| | | willowsend Mega user
Posts : 2271 Join date : 2009-11-10 Age : 85 Location : Dobrich
| Subject: Budget 2010 Tue Mar 16, 2010 10:09 am | |
| - Daisy wrote:
- We can all live in hope No! hope that is
Come on Daisy. This is a LAND of HOPE and GLORY ???? |
| | | mickhev Super user
Posts : 962 Join date : 2010-01-10
| Subject: Budget 2010 Tue Mar 16, 2010 9:18 pm | |
| Why do you think all the brits are leaving Spain and Uk,government what government
Mike |
| | | scott Super user
Posts : 1053 Join date : 2009-10-30
| Subject: Budget 2010 Wed Mar 17, 2010 4:13 pm | |
| Petrol will go up which means everything will follow so there is no hope of anything good from the no Hope government [You must be registered and logged in to see this image.] |
| | | Daisy Super user
Posts : 1121 Join date : 2010-02-11
| Subject: Budget 2010 Tue Mar 23, 2010 6:53 pm | |
| Anyone got anymore thoughts before tomorrow I'm sure some of you would like to say what you think might happen |
| | | mickhev Super user
Posts : 962 Join date : 2010-01-10
| Subject: Budget 2010 Tue Mar 23, 2010 6:57 pm | |
| This Mr Gordon Brown will put up
Fags Beer Wine Scotch Petrol Diesel The young families
will get extra nothing extra for te oaps o and sttill free booze in the parliment bar as always
Mike |
| | | Admin Administrator
Posts : 6136 Join date : 2009-08-15
| Subject: Budget 2010 Wed Mar 24, 2010 5:50 pm | |
| [size=75:2pbpa0al]BBC news 24 March 2010
Budget 2010: Darling aims to help UK business
Chancellor Alistair Darling has unveiled in his Budget a package of measures designed to help UK business.
To aid what he calls " fledgling businesses" , as well as existing ones, business rates will be cut for one year from October.
And, to " help small businesses expand" , he is also doubling the Annual Investment Allowance to £100,000.
He said this would allow most firms to deduct, in the first year, from taxable profits all investments in plant.
However, the Institute of Directors, while welcoming this initiative, said it thought most firms would not benefit " because their investment is smaller than the old £50,000 limit" .
'Modest but helpful'
Mr Darling said the move on business rates would mean a tax reduction for more than half a million small businesses in England - 345,000 of which, he said, would pay no business rates at all.
Mr Darling also announced that he was doubling the entrepreneur's relief for capital gains tax.
At present, the first £1m of lifetime gains are taxed at a lower rate of 10%, rather than the main rate of 18%. That threshold will now be increased to £2m. BUDGET 2010: AT-A-GLANCE Deficit not as big as predicted First time buyers stamp duty cut Planned petrol duty rise staggered Force state banks to lend more Crackdown on tax evasion Strong cider and alcopop tax hike Growth package to boost jobs Bank accounts for all citizens Green investment fund
" After two years of economic downturn, the chancellor has clearly recognised the need to place business at the heart of this Budget," said David Frost, director general of the British Chambers of Commerce.
" Doubling the annual investment allowance, help with business rates, and allowing entrepreneurs to keep more of their gains will prove especially popular."
The CBI called the moves " a series of modest but helpful changes" and said the doubling of entrepreneurs' capital gains tax relief would help investment in small businesses.
" However, it is the fiscal decisions over the next 12 months that will really determine the UK's economic future," said Richard Lambert, CBI director general.
There was also a raft of other measures, including news that over the next year, RBS and Lloyds between them would provide a total of £94bn of new business loans, nearly half to smaller firms.
" Revenue from banks will support many of the chancellor's initiatives - this shows clearly the value of the financial services industry to the UK," said the British Bankers' Association.
" The banks welcome moves to sustain the economic recovery and restore confidence, particularly as they focus their efforts on supporting mortgage borrowers and small businesses."
Growth fund
In addition, a new national investment corporation, to be called UK Finance For Growth, is envisaged as streamlining and improving government help to small and medium-sized enterprises, while overseeing £4bn of support for business.
Other measures include a new Growth Capital Fund which will provide growing firms with private capital and should ultimately provide £500m of finance.
Commercial banks have so far agreed to contribute more than £100m.
Mr Darling also said that an extra 15% of central government contracts would be awarded to small and medium-sized businesses.
It is envisaged that that could mean up to £15bn of new business across the whole of the public sector.
'Huge relief'
The Federation of Small Businesses (FSB) said it welcomed help for small businesses, but was disappointed that the chancellor was proceeding with the proposed rise in National Insurance Contributions.
The FSB said it was also pleased with the announcement to take 345,000 small businesses in England out of the business rates system.
" This proposal will come as a huge relief to small businesses on the High Street," it said.
The FSB added that it looked forward to the introduction of the new credit adjudicator, giving small businesses the opportunity to appeal against a bank decision to reject a loan application.
" More competition for the High Street clearers has been a long time coming," it added.
'Foundation' of success
Meanwhile, next month's increase in fuel duties will be done in stages, with fuel duty rising by a penny in April, followed by a further penny rise in October and the remainder in January.
" I find it encouraging that fuel duty is going to be spread over the year. That will help small businesses," said Naomi Anderson, who runs Green Hands beauticians in Brierley, Herefordshire.
To boost a carbon-friendly economy, the government is also to establish a Green Investment Bank, controlling £2bn of equity.
It will focus on green transport and energy, including offshore wind power, while £60m will be offered to develop ports hosting manufacturers of offshore wind turbines.
And an extra 20,000 university places will be made available, mainly for students studying science, technology, engineering and maths subjects.
" Science, technology, engineering and mathematics are the subjects that will provide the foundation for the future economic success of the UK," said the UK Aerospace, Defence and Security Industry trade body, as it welcomed the move.
Cider concerns
However, one sector of UK industry has been hit - Mr Darling said that duty on cider would increase by 10% above inflation from midnight on Sunday.
" We are not pleased, a 10% increase is quite devastating news," said David Sheppy, of Sheppy's Cider, a family-owned Somerset cider-maker which supplies most supermarkets in the South West and some nationally. Louisa Sheppy Sheppy's Cider is run by David Sheppy and his wife Louisa
" A lot of money has been put into investment in the cider industry, and we don't now want to see that investment wasted."
And Mr Darling has also said that in September changes will be made to the definition of cider " to ensure specific strong ciders are taxed more appropriately" .
That could hit firms such as Sheppy's, which Mr Sheppy says has some naturally strong ciders among its products.
" We are more concerned about any potential further changes in the duty bands of cider according to their strength," he said.
" That is a big concern for us, that we could be hit again, but at the moment we don't know exactly what Mr Darling's plans are in this area."
Another unimpressed business person was Dr Tony Lees of Dentanurse, which produces dental products for dentists and the public from its base in Preston-on-Wye, Herefordshire.
He said: " I find the Budget very difficult to evaluate, but at first impression it did not enthral or excite me.
" It is also very hard to plan at the moment, because if the Conservatives win at the General Election they may scrap some of these things announced today."
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| | | Admin Administrator
Posts : 6136 Join date : 2009-08-15
| Subject: Budget 2010 Wed Mar 24, 2010 5:58 pm | |
| [size=150:2s4oqwg2]At-a-glance: Budget 2010 key points
Here are the key points of Chancellor Alistair Darling's 2010 Budget, the last one before the general election.
FUEL, CIGARETTES AND ALCOHOL DUTIES
3p fuel duty rise to be phased in in three stages between April and January 2011 rather than in one go next month
Cider duty to rise by 10% above inflation from midnight on Sunday
Wine, beer and spirit duties to rise by 2% from midnight on Sunday and further 2% rise planned for two years from 2013
Tobacco duty up 1% from midnight on Sunday and by 2% in real terms each year until 2014
HOUSING
Stamp Duty scrapped for homes below £250,000 for first-time buyers, but only for two years
Stamp duty on residential property sales over £1m to increase to 5% from April 2011
UK ECONOMY
Economy contracted 6% during the recession
Predicted growth of 1% to 1.25% in 2010, in line with forecasts
2011 growth forecast lowered from 3.5% to 3-3.5%
BORROWING
Borrowing this year forecast to be £167bn - £11bn lower than predicted in December
Borrowing to fall from £163bn in 2010-11 to £74bn by 2014-15
Public sector net debt to reach 54% of gross domestic product this year, increasing to 75% in 2014/15.
HELP FOR BUSINESS
£2.5bn package for small business to boost skills and innovation
One year business rate cut from October to help 500,000 companies
Investment allowance for small firms doubled to £100,000
Doubling relief on capital gains tax for entrepreneurs
No change to capital gains tax rates
£385m to maintain road network
BANK LENDING
One-off bank bonus tax has raised £2bn, double the amount forecast
Basic bank account guarantee for a million extra people
RBS and Lloyds Bank Group to provide £94bn in small business loans
Backs tax on bank transactions but on global basis
New service to adjudicate credit disputes
JOBS AND TRAINING
Six month work or training guarantee for under 24s extended to 2012
Amount of time over-65s must work to receive work credits reduced
OTHER TAXES AND ALLOWANCES
Tax allowances for those on over £100,000 gradually removed. No changes to allowances for everyone else.
Annual limits on Individual Savings Acounts (ISAs) will rise from £7,200 to £10,200 next month.
No changes to VAT or income tax planned
Inheritance tax threshold frozen for four years
Clampdown on tax avoidance to raise £500m
New tax agreements with Belize, Grenada and Dominica
GOVERNMENT SAVINGS
On track to achieve £11bn efficiency savings target
Reform of housing benefit to save £250m
15,000 civil servants to be relocated outside London
ENVIRONMENT
£2bn investment bank to back low-carbon industries such as offshore wind. Government to provide £1bn through asset sales
EDUCATION
Funding for 20,000 new university places in science and maths but institutions must make savings elsewhere
£35m enterprise fund to help university-launched businesses
PENSIONS AND BENEFITS
Winter fuel allowance rates extended for further year
£4 rise in child tax credit for parents with young children from 2012
Budget 2010 - Securing the recovery [3.55MB] Download Pdf [url=http: //www. direct. gov. uk/fullbudgetreport2010:2s4oqwg2]HERE[/url:2s4oqwg2] |
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