MSE News: Budget 2011: Income tax to fall next year but rise in future

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
edited 23 March 2011 at 3:04PM in Cutting tax
This is the discussion thread for the following MSE News Story:
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Budget 2011: Income tax to fall next year but rise in future
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Comments

  • davidgmmafan
    davidgmmafan Posts: 1,459 Forumite
    First Post First Anniversary Combo Breaker
    Well it was better than a poke in the eye...
    Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.
  • inaminute23
    inaminute23 Posts: 57 Forumite
    Credit to the tories on this one. When was the last time the threshold went up £1630 in the space of 12 months? Also this website says that from 2013, there will be a hike, this is not true! The threshold will continue to rise but a slower rate
  • Gas_Powered_Toothbrush
    Gas_Powered_Toothbrush Posts: 273 Forumite
    inaminute23 wrote: »
    When was the last time the threshold went up £1630 in the space of 12 months?
    When was the last time public services were slashed like this?
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Surely there are circumstances where CPI can be higher than RPI.

    We might not be in that environment now, but it doesn't mean it always has to be that way.

    (Of course, if it changes round, I'm sure the government of the day will shift the goalposts again)
  • relaxtwotribes
    relaxtwotribes Posts: 369 Forumite
    First Anniversary Combo Breaker First Post
    Gas_Powered_Toothbrush wrote: »
    When was the last time public services were slashed like this?

    Public services slashed? I was under the impression that HMG is borrowing about £140 billion this year just so that public services are not slashed to the level that can be afforded by the tax revenues.
  • inaminute23
    inaminute23 Posts: 57 Forumite
    I’m talking about personal income. I will now be better off by £20 per month this year in my pay packet. Am I to start blaming The Bank of England when interest rates goes up, thus increasing my mortgage as I’m on the base rate at the minute. People forget that 1000’s and 1000’s are on the base rate. When it does go up “real” inflation will kick in, and we will have less disposable income, meaning prices will probably continue to rise due to lack of demand.. There hasn’t been a budget on record, or will there ever be, that all the people agree 100% it was a resounding success.

    In these times of austerity, be frugle, it works for me!
  • relaxtwotribes
    relaxtwotribes Posts: 369 Forumite
    First Anniversary Combo Breaker First Post
    Reduced demand causes prices to stop rising so fast.
  • inaminute23
    inaminute23 Posts: 57 Forumite
    Not strictly true. There are still too many greedy !!!!!!!s who do not do this. I am a buyer, I know too well. Take oil for example, there are now fewer cars on the road during peak times than 10 years ago. Oil companies put the price up, as demand has fell.
  • relaxtwotribes
    relaxtwotribes Posts: 369 Forumite
    First Anniversary Combo Breaker First Post
    Oil companies do not determine oil prices. The market does.
  • inaminute23
    inaminute23 Posts: 57 Forumite
    Do you really think that is true
This discussion has been closed.
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