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Budget 2011: Key points..
HAMISH_MCTAVISH
Posts: 28,592 Forumite
250 million for FTB shared equity scheme. 10,000 to be helped. Funded from bank levy. 
SMI to be extended by another year, so 3 years not 2 years. 100,000 unemployed homeowners will be helped this year by the change.
Corporation tax to be lowered by 2% not 1%, and bank levy to be increased so banks don't get the benefit.
Enterprise zones, most Oop North, up to 100% discount on rates, manufacturing incentives, planning restrictions eased, local councils get to keep rates to reinvest for 25 years, etc.
NI may get a lower rate of corporation tax to compete with ROI.
Rate relief for small firms extended by a year.
50p tax rate to be reviewed, and proposal to merge NI and Income Tax to be consulted on.
SMI to be extended by another year, so 3 years not 2 years. 100,000 unemployed homeowners will be helped this year by the change.
Corporation tax to be lowered by 2% not 1%, and bank levy to be increased so banks don't get the benefit.
Enterprise zones, most Oop North, up to 100% discount on rates, manufacturing incentives, planning restrictions eased, local councils get to keep rates to reinvest for 25 years, etc.
NI may get a lower rate of corporation tax to compete with ROI.
Rate relief for small firms extended by a year.
50p tax rate to be reviewed, and proposal to merge NI and Income Tax to be consulted on.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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HAMISH_MCTAVISH wrote: »Enterprise zones, most Oop North, up to 100% discount on rates, manufacturing incentives, planning restrictions eased, local councils get to keep rates to reinvest for 25 years, etc.
This could be seen as this Government's best policy in a few years time.0 -
R&D tax credit of up to 200% for small firms
100 million for pothole repairs
Extra 100 million for new science facilities
2 billion extra for green investment bank“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »SMI to be extended by another year, so 3 years not 2 years. 100,000 unemployed debtors will be helped this year by the change.
Corrected for you.0 -
Time to start a business,
Finally it might actually be worth the effort.0 -
HAMISH_MCTAVISH wrote: »
[STRIKE]100 million[/STRIKE] for pothole repairs
99.99m now.
They filling one outside my office, and what a noise, I can't hear the budget!!0 -
£50,000 charge for non-doms resident in the UK for at least 12 years.
Probably doesn't mean much to you guys, but is a pretty big deal in my line of work.0 -
Big drive on vocational training, 24 new technical colleges to be funded, mostly up north
Increase funding to 240,000 places for new apprenticeship schemes
State pension triple lock, etc, age to rise to 66 by 2020, and automatic age increase mechanism to be introduced.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Originally Posted by HAMISH_MCTAVISH
SMI to be extended by another year, so 3 years not 2 years. 100,000 unemployed debtors will be helped this year by the change.
that's another [STRIKE]hope[/STRIKE] myth put to the sword that it would end this yearultrawomble wrote: »Corrected for you.0 -
that's another [STRIKE]hope[/STRIKE] myth put to the sword that it would end this year
Just shows that it's needed and people can't afford to pay their mortgages though.
It's not a good thing. It's yet more money taken from other areas to keep people propped up.
3 years will probably go on to be four years and so on. It isn't fixing anything. It's just helping people keep what they can't afford. 3 years is a rather long time, considering those who cannot work due to diabilities etc already get it for the lifetime of the mortgage.0 -
of course it's needed - we have over 2.5 million people unemployed and people working less hours.Graham_Devon wrote: »Just shows that it's needed and people can't afford to pay their mortgages though.
It's not a good thing. It's yet more money taken from other areas to keep people propped up.
3 years will probably go on to be four years and so on.
wanting people and families to be thrown out of their homes isn't a very nice thing to want to happen.0
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