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Posted

Budget 2011: Osborne to raise income tax threshold

http://news.bbcimg.co.uk/media/images/51771000/jpg/_51771194_010434726-1.jpg

Chancellor George Osborne is to increase the personal income tax allowance to give 25 million people a cut of around £45 a year in Wednesday's Budget, the BBC has learned.

 

The amount people can earn before paying tax will be increased by around £600 from April next year.

 

Mr Osborne will also announce £250m to help 10,000 first-time homebuyers purchase newly built flats and houses.

 

He is also expected to say a planned rise in fuel duty will be scrapped.

 

The Budget is the first since the autumn's spending review, which outlined the government's cuts programme.

 

Experts expect the forecast for economic growth in 2011 to be downgraded - after figures showed a 0.6% contraction in the last three months of 2010.

 

But they also believe borrowing figures will not be as high as previously anticipated - up to £10bn lower than the £158bn predicted in last June's emergency Budget.

 

 

WHO WILL BE BETTER OFF? IF ANYONEhttp://forum.pigeonbasics.org/public/style_emoticons/default/emoticon-0138-thinking.gif

 

Posted

No one be better off the rich get richer , i doubt that would cover the hike in fuel or cost of daily living as we all know petrol goes up food goes up , Conservatives have always been good at giving you a crumb with one hand and taking a full loaf of bread with other . Unfortunately we live in a pyramid economy eventually all money goes back from the base back to the bankers at top , unfortunately these pyramids should be replaced with active volcanoes so when we are doing good we all should be rewarded instead of the few bankers and company fat cats sitting on fortunes which the masses have made it should be used and filtered down to the hard workers at the bottom and those less well off , If the government closed the big tax havens off we wouldn't be in this mess to start with , the bankers are making massive profits with our money with very little coming back work that one out !!!! but there living champagne lifestyles while we eat beans on toast . They say were all in this together , what a load of balls , have the government or bankers taken a cut in wages to reflect the minimum wage ???? not a chance !!!!!

Posted

we need another Cromwell, to get rid of these no use greedy baskets

that get bonuses for destroying the banking system.

Guest grizzler
Posted

we need another Cromwell, to get rid of these no use greedy baskets

that get bonuses for destroying the banking system.

 

have to agree with the above

Posted

Your guaranteed the working class will get shafted thats for sure, :mad: them all do gooders that dont want ti work will get more on top owe there benefits. :lol:

 

They should get rid owe them feckers who is bringing this country down, as long as they get there monthly bonuses etc, there now worried about anywan else but line there own pockets. :mad:

Posted

corporation tax reduced 2% then a further 1% every year = fat cat company will benefit :emoticon-0179-headbang: :emoticon-0179-headbang: :emoticon-0179-headbang: :emoticon-0179-headbang:

Posted

1p of a litre of fuel good god there been to kind , they said average price of filling a ford focus up by £10 mines £15 more to fill cant see the 1p lasting very long , welcome back the Tories a return to yuppies , fat cats and boom and bust :(

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