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Budget live
Comments
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Beaker (on BBC) is still going on about the increase in personal allowance as a benefit to the working poor, when it appears that higher rate tax payers will be the gainers whereas the poor will be losing tax credits which will cancel it out.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Beaker (on BBC) is still going on about the increase in personal allowance as a benefit to the poor, when it appears that higher rate tax payers will be the gainers whereas the poor will be losing tax credits to it cancel out.
You appear to be ignoring the fact that higher earners lose child benefit.0 -
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Beaker (on BBC) is still going on about the increase in personal allowance as a benefit to the working poor, when it appears that higher rate tax payers will be the gainers whereas the poor will be losing tax credits which will cancel it out.
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I don't see anything about tax credits in the budget.0 -
Graham_Devon wrote: »You appear to be ignoring the fact that higher earners lose child benefit.
He has just increased the removal level to £50k graduated to £60k, so this budget has increased child benefits to higher earners compared to previous proposals
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »I have to say, I really don't understand why they would carry on with the 3p fuel duty addition, but raise no extra money on alcohol.
At least people can choose whether they drink alcohol and choose how much they pay for it.
I think you've answered your own question. Why have a tax that people can avoid?0 -
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I don't see anything about tax credits in the budget.
Presumably working tax credits are effectively means tested, an above inflation rise will increase net income so reduce the working tax credit benefit entitlement (assumption on my part).'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Presumably working tax credits are effectively means tested, an above inflation rise will increase net income so reduce the working tax credit benefit entitlement (assumption on my part).
Doesn't that just make more people more self-sufficient & less reliant on the State, thereby allowing funds to be diverted to those who are in more need?He has just increased the removal level to £50k graduated to £60k, so this budget has increased child benefits to higher earners compared to previous proposals
No, child benefit stays the same for them as it would have been. They just don't lose it until the highest earner earns over £50K & then it's incremental.0 -
I think you've answered your own question. Why have a tax that people can avoid?
Clever, they have, made it more expensive to drive to Calais
be well worth it for the smokers though. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Itismehonest wrote: »Doesn't that just make more people more self-sufficient & less reliant on the State, thereby allowing funds to be diverted to those who are in more need?
Maybe but they are not gaining out of the allowance rise, BTW who is in more need than those paid less than 13k or 17k? certainly not many of those living on benefits, unless of course you are suggesting those earning between £50k and £60k
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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