The budget - not quite live

Jonbvn

I like the new ISA rules - A LOT!

JasonLVC

Milliband is really sticking the knives in, but to what end?


Who actually buys this waffle?


Its so easier to rubbish and slag off someone else, the skill and kudos goes to those who present constructive arguments....not having to mention the Bullingdon Boys club (again).

PaulF81

marks87 wrote: »

I about spat my coffee out when I heard that - increase to £15k and it can all be in cash!

Just need the interest rates to make it worthwhile now.

Far more valuable in shares! 15K per year, couple, 30K you can invest (34k if you have a child)!

TIme to get share picking!

PaulF81

Thrugelmir wrote: »

Lacking wind in his sails I would say. Same old rhetoric that's been said over and over again.

He is pretty pathetic...

vivatifosi

Collection of Class 2 NICs to be moved into self assessment.

Corp Tax 21% (pre announced?)

£2,000 cash back on jobs for all businesses.

Businesses creating jobs

R&D tax credit increase for small businesses

Seed enterprise has been a success to made permanent.

Social investment tax relief.

Extension of film tax credit approved by EU, will also extend to theatre.

Annual Investment allowance doubled. £2bn cost.

Business rate discounts extended 3 years.

Industrial energy prices need to be cut - investment in new sources, promoting efficiency, £7bn package to reduce fuel bills to business.

Carbon taxes cut (sorry cant' keep up to give details) small saving for families.

Something with company car tax - up?

Energy intensive energies 35% of manufacturing export, employing 500k ppl. Their scheme has been extended.

Green levies down(?)

Thrugelmir

13:43: Stuart Hatfield, Harrogate, North Yorkshire
emails: When will Ed Miliband concede that it was their failure to control the banks and the debts that led to the economic recession, their failure to account for the billions that we spent on quantative easing that led to a lack of confidence in his party's ability to recover from recession?

BBC Coverage

JasonLVC

Milliband is abolishing the bedroom tax?


What tax is that then ?


If you're going to abolish something, at least get the name of it right.


He's just ended his speech and the last 15 seconds was where the budget response was. Milliband will freeze gas prices, guarantee jobs for youths and build 200k houses a year.

JasonLVC

Not a bad budget overall, was expecting more of the same and we got mostly that but the pension and ISA stuff is quite a radical change.

vivatifosi

HARD WORKING PEOPLE:

Freezing council tax
Raising personal allowance to £10k
Tax free child care from next year
Early years pupil premium

New: fuel duty rise will not take place
Gambling: fixed odds betting terminals duty to increase to 25%
horse race betting levy to include offshore. Bingo halls already covered above (duty halved to 10%).

Tobacco and alcohol:
Tobacco - 2% above inflation - escalator to continue through next parliament.
Alcohol - escalator scrapped - will rise in inflation with following exceptions:
Scottish Whisky - frozen
Cider - frozen
Beer - cut by 1p per pint

BillJones

JasonLVC wrote: »

Milliband really hammering the "bankers" angle and going on about Tories looking after the rich.

There was utter disbelief on te trading floor here when Ed came out with his example of a "banker earning £5m per year". That is so far away from the norm to simply be nonsensical, and if he wanted to talk about the effect on a £5m earner, why on earth specify the profession?