The Budget 2009

mrposhman

Most likely something not worth the paper its written on.

Expect a couple of £100 increase to your ISA limit.
Increase in air taxes
The usual annual increase on booze and fags

There will probably be a small increase in the tax free allowance.

Anything of importance that will help people and businesses at this time, will not be in there. I don't expect to see a suspension of stamp duty, a reduction in corporation tax etc.

robin_banks

Beer and fags, it's a given.
Increase in tax on 'super-strength' lagers.

Air taxes likely to increase.

ISA allowance to £4,000 cash, £8,000 stocks and shares.

£200 increase in threshold.

something to do with inheritance tax - don't know what though.

wolvoman

A great stimulus would be raise the threshold for higher rate tax up to about £100k.

The top rate tax level is getting closer and closer every year to the mean salary level and that is just silly.



Then in future years drop it altogether and use a flat tax.

chewmylegoff

you can bet your bottom dollar that they'll announce how they're injecting, say £50 billion into the economy, but the small print will be that this figure includes all the things they have already done.

i expect that labour will do something which either copies, or otherwise makes redundant, the only significant tory policy i can recall, which is no tax on savings for BR tax-payers.

an announcement that there will be more QE.

i hate stupid "preventative" taxes - but i expect we will see this alcohol one. it's just a revenue raising measure, it's not designed to prevent anything. no doubt some more "green" taxation on air travel as well.

what would i like to see?

cuts in wasteful public expenditure, fronted by a principled reform of MPs expenses, pay and pensions. reform of the way the civil service spends its money, particularly concerning the use of temporary staff and the system of awarding exclusive contracts to certain suppliers for fixed periods, on uneconomic terms.

double the personal allowance (corresponding decrease in the basic rate band). stop pretending that national insurance isn't income tax & merge the two. new top rate band above £125k or £150k.

compulsory pension scheme like the australian super annuation system to be introduced. employee contribution deducted at source, 8 or 9% in for all salaried workers, including public sector workers. return of the dividend tax credit.

private school fees tax deductible, private medical insurance tax deductible.

Tim_Nicholas

chewmylegoff wrote: »

compulsory pension scheme like the australian super annuation system to be introduced. employee contribution deducted at source, 8 or 9% in for all salaried workers, including public sector workers. return of the dividend tax credit.

private school fees tax deductible, private medical insurance tax deductible.

I like those ones... :beer:

robin_banks

I'd also like to see a complete overhaul of PFI.

The_White_Horse

you can be sure that the grasping chavs will not lose out, and those who make the mistake of working for a living will be raped for a few more pounds.

most of the raping will be dressed up as "Green".

The_White_Horse

i would like to see husband and wife being able to share free allowance, if one is not working.

I would also like to see top rate increased to over 50k. top rate is supposed to be for the rich - not the average man.

i would pay for this by getting rid of hundreds of thousands of waste of space public workers. I would also stop their ridiculous pensions.

nickmason

whathavewedone wrote: »

Like you Lynzpower, I don't care how much fags go up to as I'm on Day 16 of not smoking and I don't want to ever smoke again either.

Trouble with slipping up Generali is that then you say to yourself oh well I did it once and didn't start smoking again so I can just do it when I go out/on Friday nights/oh and Saturday nights/every night...oh dear I'm on 20 a day again...

(Apologies for OT, but for some of us, this matters )

Well done both of you - I'm on day 12. I smoked for about 15 years, then gave up about 3 years ago; started again last year. Fell into all those traps - went to Africa with a bunch of smokers on a stressful project, thought "hell, why not"...came back to the UK, and a couple of parties later...suddenly drunken fags became waiting for the train in the morning fags.

Bringing it vaguely back on board, if not topic; I was spurred to give up, when contemplating one of the debates on here about private education; it occured to me that a couple of parents smoking (20 a day can be £2k a year each) would probably pay for (okay, only one child's) the additional cost of private education versus state. And yes, I know we can't take the state cost and put that towards the cost of private, and yes, I know that most of that cost of smoking is going straight back to the gov as tax and so presumably funds those schools, but it still made me think...

Anyhow, the best of luck to you both.

[Deleted User]

ok heres my wish list
a return to MIRAS for first time buyers for the first 3 years of the loan
10p a litre on petrol and diesel
fix the ismi currently held at 6.08% to 5% until november
put back the 2.5% reduction on vat(waste of time thats been)
increase higher rate of income tax to 50% on incomes over 40k
full nationalisation of RBS with no compensation to shareholders
25p on 20 fags,same for cigars,tobacco
£1 a bottle on spirits,75p a bottle on wine,20p on a can of beer