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Debate House Prices


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Budget 2009

Cannon_Fodder
Cannon_Fodder Posts: 3,980 Forumite
in Debate House Prices & the Economy
Interesting figures and charts on the BBC to give a backdrop to this weeks budget;

http://news.bbc.co.uk/1/hi/business/8002618.stm

_45674763_uk_budget466x280.gif



_45674757_econ_growth466x299.gif



Has anyone factored into the figures the fact that the Chancellor, and therefore the PBR, was operating on what have proven to be an inaccurate set of forecasts?

So whether policies have or have not been effective is perhaps not the problem, more likely that the policies were aimed at solving a different extent of problem...so by definition cannot work as effectively as they need(ed) to...

And so this Budget will be playing catch-up, again. If only they are prepared to admit how bad it really has been/will be, they might start apply answers that fit the problem.

Like cutting back spending, for example.
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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    all forecasts have always proven to be inaccurate especially as at any given time there are at least 10-11 'respectable' forecast (IFS, ITEM, IMF etc etc) which are all different.
  • abaxas
    abaxas Posts: 4,141 Forumite
    No-one will care as no-one will understand.

    However :-

    Tabs - up
    Drink - up
    Whiskey - same
    Stupid animated piles of money on bbc news - up
    Interviewed ugly families - up

    etc
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Fuel tax up?
    Car tax up?
    New green taxes on owning shoes?
    Happy chappy
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ah well I will be ok on the shoes then.......:D
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • matbe
    matbe Posts: 568 Forumite
    Part of the Furniture 500 Posts
    Everything up up up!

    Does that include house prices?
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Ciggies
    All up

    Alcohol Duty (off-sales)
    All up

    Alcohol (licensed premises)
    No Change

    Fuel Duty
    2p

    Stamp Duty
    No change

    Road Tax
    No Change

    Vat
    16%

    Personal Allowance
    £500 rise on Lower Rate
    Higher rate to £40k
    Higher Rate Tax 45%
    Not Again
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Pretty much agree with the above, I'd also expect the annual ISA allowance to be increased to £10,000.

    VAT at 20% sometime in 2010, frozen for now. Fuel duty up, personal allowances on tax up. Benefits and various tax credits up, wouldn't like to say how much by though.

    Can't think of anything else for now.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • matbe
    matbe Posts: 568 Forumite
    Part of the Furniture 500 Posts
    Vat is not moving until December.

    Cant see a rise for isas they want you to spend not save.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Masomnia wrote: »
    Pretty much agree with the above, I'd also expect the annual ISA allowance to be increased to £10,000.

    VAT at 20% sometime in 2010, frozen for now. Fuel duty up, personal allowances on tax up. Benefits and various tax credits up, wouldn't like to say how much by though.

    Can't think of anything else for now.


    The ISA thing will go up but by only a grand or two. They wont want to shock people into thinking they need money in the banks after the money they have fronted already.

    Agree with your VAT but that wont go above 17.5% until after the election (if they win).

    Labour are going to be buying votes. Pensioners & unemployment benefit are a definate up.
    Not Again
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    matbe wrote: »
    Vat is not moving until December.

    Cant see a rise for isas they want you to spend not save.

    Putting Vat up at december is bad politics. Gas, Elec & Chrissy Prezzies mate..
    Not Again
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