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Budget 2011: Key points..

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Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Graham_Devon wrote: »
    Oh god damn. Hamish, keep us up to date old chap. I now got angle grinders, a "pat pat pat" noise and road sweepers going up and down, up and down.

    Stupid potholes.

    Theres some stuff about petrol. I don't get the oil thing, something like tax going from 20% to 32%.

    But petrol tax is being reduced.

    Fuel duty is being cut 1p a litre.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Generali wrote: »
    Without wishing to get into the specifics of whether this benefit should be given for 2 or 3 or 4 or 25 years, at some point people either have to pay their own mortgage or accept that home ownership is no longer for them.

    Propping people up in their homes can be a bad thing. I know a bloke in London who can't afford to take jobs at the lower rate his area of banking now pays because he wouldn't be able to make the mortgage payments if he did. While he stays on the dole he stays in his house. As harsh as it may sound, it would be better for him and better for the taxpayer for him to be repossessed and then be in a position to get a job.
    we've just come out of/are in the worst economic crisis since the 2nd world war.

    it's something that is needed and is a good thing (for now)
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Air passenger duty. Consulting today to improve arbitrary bands, going to bring Private Jets into equation, freeze in rise until next year.

    No increase this year beyond already announced for strongest beer, etc. Tobacco rates as previously, inflation plus 2%. Change difference between cigarettes and hand rolled.

    Mileage rate allowances up, all other duty rises as planned previously.

    Fuel duty. -- Fair fuel stabiliser to be introduced.

    Fuel Duty Escalator to be scrapped,paid for by increased tax on north sea production, but can be reintroduced if crude prices fall below $75 per barrel, at which point tax on crude to be reduced instead.

    No duty rise this year.

    Duty cut by 1p per litre from tonight.
    “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”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    And here come the inevitable insults as he gets more frustrated ;)
    frustrated - i don't think so.

    mocking you're stupidity and your ignorance - yes :)
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 23 March 2011 at 1:33PM
    Any word yet on fuel?

    Edit: Didnt read the post by Hamish
    HAMISH_MCTAVISH wrote: »
    Duty cut by 1p per litre from tonight.

    No doubt the garages will be very slow to lower it or will find another excuse to keep the 1p on
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great budget actually.
    “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”
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    doire wrote: »
    Any word yet on fuel?

    Yes.

    Petrol will be 1p tax cheaper tonight 6pm.

    But theres some sort of tax changes depending on the price of oil. HAMISH has said everything.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    HAMISH_MCTAVISH wrote: »
    Great budget actually.


    Was it?

    I was reading this thread & it seems to have missed it.
    Not Again
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Good job Hamish mate
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Can hear now.

    Shame it's now onto Ed whingeing on and on. Even the house is groaning.
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