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From the reporting so far they are going to extend HTB. I hope that this is just the one for new builds and not the existing home part.

Tax free allowance up to 10500.

HS2 going to be extended to Crewe and built from both ends simultaneously.

Anything else people think/hope will be in it?

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Apparently a rename of NI to Earnings Tax is a possible (via Spectator Coffeehouse).

They are not talking about stampduty - but that must be really hurting the London buyers right now.

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Apparently a rename of NI to Earnings Tax is a possible (via Spectator Coffeehouse).

They are not talking about stampduty - but that must be really hurting the London buyers right now.

must also be filling the govt purse nicely too

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Same old sh.. different year. The BBC will try to convince us of the fuhrers eternal benevolence by 'postponing' a 1p petrol duty increase till the autumn or some other non-policy.

The granularity required in the tax/benefits system to target the specific voters of interest means the system is just going to keep getting more complex.

Here's a good example of Osborne's GDP-worshipping priorities.

Working parents will be given up to £2,000 per child under Budget plans to ease the cost of child care, ministers will announce on Tuesday.

David Cameron and Nick Clegg will reveal that the Coalition’s financial help for child care will be more generous than expected, part of a joint appeal to working parents as the general election approaches.

The rules will be put in place earlier than expected, with all working parents with children under 12 eligible within a year from the scheme’s start, due in autumn 2015.

The expanded annual payment for child care, which will be available to all families earning under £150,000, comes as ministers face pressure to help the rising number of middle class workers being dragged into the 40p tax band.

If that doesn't say something about the massive cost of living in the UK, I don't know what does.

Edit link:

http://www.telegraph.co.uk/finance/budget/10704563/Budget-2014-2000-child-care-help-for-working-parents.html

Edited by The Knimbies who say no

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The granularity required in the tax/benefits system to target the specific voters of interest means the system is just going to keep getting more complex.

Here's a good example of Osborne's GDP-worshipping priorities.

If that doesn't say something about the massive cost of living in the UK, I don't know what does.

000's more minimum wage child care jobs almost created....a tax that encourages unequal wealth...upstairs downstairs here we come..even the highly paid are now slaves to the wage..

I heard once that working for a wage was white mans curse...I think that applies more than ever.

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The granularity required in the tax/benefits system to target the specific voters of interest means the system is just going to keep getting more complex.

Here's a good example of Osborne's GDP-worshipping priorities.

If that doesn't say something about the massive cost of living in the UK, I don't know what does.

Problem is in the UK people seem to want a nordic level of social care, but yank levels of tax. 40% is not particularly high in the euro-socialist scheme of things.

So the govt steals by inflation instead. Which first looks OK, but after a few years, well...we've continually occupied the top end of one table these last few years.

figure1inflationratesep2013.png

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000's more minimum wage child care jobs almost created....a tax that encourages unequal wealth...upstairs downstairs here we come..even the highly paid are now slaves to the wage..

I heard once that working for a wage was white mans curse...I think that applies more than ever.

Pretty scary, eh? George needs everyone in work, at whatever marginal GDP benefit.

Forgot to link the article on the Torygraph site (it may turn out to be inaccurate of course):

http://www.telegraph.co.uk/finance/budget/10704563/Budget-2014-2000-child-care-help-for-working-parents.html

To think the Tories are supposedly the 'family friendly' party. I've no problem with people choosing to work btw, whatever works for people is their business of course. When it becomes a case of propping up housing costs through any means necessary I take exception though.

I predict a £2k bribe to 'hard working' families.

http://www.bbc.co.uk/news/uk-politics-26618139

Oooohh, I win. dry.gif

^_^

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Lots of pointless tinkering

Lots more schemes

A whole heap more complexity

There'll be winners and there'll be losers.

Some people will be better off by a whole £20 per year.

The statement will be comended to the house.

Ed balls will make even more of a **** of himself.

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Problem is in the UK people seem to want a nordic level of social care, but yank levels of tax. 40% is not particularly high in the euro-socialist scheme of things.

Having worked in those Nordic countries I can tell from experience that the tax-levels for me were in fact lower than in the UK (under similar income).

The difference is that in countries like Denmark you pay a high percentage of your salary as tax, but that's all. So no NI, no council tax, no sewer whatever, etc.....key is that you have to compare like-for-like. One should as a minimum not forget that NI is an income tax in all but the name that for most people put the tax levels above Scandinavia.

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The expanded annual payment for child care, which will be available to all families earning under £150,000, comes as ministers face pressure to help the rising number of middle class workers being dragged into the 40p tax band.

Take most of what people earn, give them back sufficient to live on (means tested so they can never accrue capital themselves), call it capitalism. :lol::lol::lol:

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The stamp duty system doesn't make sense, it should be a marginal tax system like income tax to avoid the £250,000-£270,000 void which happens to be smack bang on the average priced property. So you get groupings of sales at £250,000 and £280,000 and virtually nothing at the mean.

Trouble is the changes must be tax neutral or even tax raising. Either you have to lower the 3% band to say about £175,000 or you have to change the marginal tax over £250,000 to about 4%.

RICs ( behaving like dimwits) are lobbying for the existing banding and marginal tax rates. Be greedy and you will get nothing............. Cake and eating it.

Edited by crashmonitor

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Lots of pointless tinkering

Lots more schemes

A whole heap more complexity

There'll be winners and there'll be losers.

Some people will be better off by a whole £20 per year.

The statement will be comended to the house.

Ed balls will make even more of a **** of himself.

Spot on. The circus continues whilst little real change occurs.

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To think the Tories are supposedly the 'family friendly' party. I've no problem with people choosing to work btw, whatever works for people is their business of course. When it becomes a case of propping up housing costs through any means necessary I take exception though.

Yes, the current system makes it hard for one parent to not work. The HB changes have made things worse.

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From the reporting so far they are going to extend HTB. I hope that this is just the one for new builds and not the existing home part.

Tax free allowance up to 10500.

HS2 going to be extended to Crewe and built from both ends simultaneously.

Anything else people think/hope will be in it?

How exciting that means the proles get £100 extra a year in their wage packets?

A whole £8.33 a month better off. I'm booking a holiday.

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The stamp duty system doesn't make sense, it should be a marginal tax system like income tax to avoid the £250,000-£270,000 void which happens to be smack bang on the average priced property. So you get groupings of sales at £250,000 and £280,000 and virtually nothing at the mean.

Trouble is the changes must be tax neutral or even tax raising. Either you have to lower the 3% band to say about £175,000 or you have to change the marginal tax over £250,000 to about 4%.

RICs ( behaving like dimwits) are lobbying for the existing banding and marginal tax rates. Be greedy and you will get nothing............. Cake and eating it.

Tax rates do not always need to be tax neutral. Often what appears to be a cut becomes tax raising as more activity gets carried out.

Also, the government just spends too much. In 2000 the government spent £341 billion. This year the government will spend £719 billion. Wages have certainly not doubled since then, so why do we need to spend so much?

As a proportion of GDP it still seems to be acceptable, but it is really just getting out of hand. I suspect one of the reasons the government wants every higher house prices, is so that GDP gets boosted and they can still claim the debt, deficit and spending is withing acceptable limits.

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Tax rates do not always need to be tax neutral. Often what appears to be a cut becomes tax raising as more activity gets carried out.

Also, the government just spends too much. In 2000 the government spent £341 billion. This year the government will spend £719 billion. Wages have certainly not doubled since then, so why do we need to spend so much?

As a proportion of GDP it still seems to be acceptable, but it is really just getting out of hand. I suspect one of the reasons the government wants every higher house prices, is so that GDP gets boosted and they can still claim the debt, deficit and spending is withing acceptable limits.

MMT will tell you that spending aids GDP...and it does...as if GDP means anything at all when it is in the final stages before collapse.

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Tax rates do not always need to be tax neutral. Often what appears to be a cut becomes tax raising as more activity gets carried out.

Also, the government just spends too much. In 2000 the government spent £341 billion. This year the government will spend £719 billion. Wages have certainly not doubled since then, so why do we need to spend so much?

As a proportion of GDP it still seems to be acceptable, but it is really just getting out of hand. I suspect one of the reasons the government wants every higher house prices, is so that GDP gets boosted and they can still claim the debt, deficit and spending is withing acceptable limits.

Has the economy managed to double in size? Or just govt spending?

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Has the economy managed to double in size? Or just govt spending?

They claim it has, but a significant proportion of that economic growth will be higher house prices and higher cost of goods. Most of the houses standing are still the same as they were in 2000, so the significant parts of the economic growth have not resulted in any new wealth being generated.

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Pretty scary, eh? George needs everyone in work, at whatever marginal GDP benefit.

Forgot to link the article on the Torygraph site (it may turn out to be inaccurate of course):

http://www.telegraph.co.uk/finance/budget/10704563/Budget-2014-2000-child-care-help-for-working-parents.html

To think the Tories are supposedly the 'family friendly' party. I've no problem with people choosing to work btw, whatever works for people is their business of course. When it becomes a case of propping up housing costs through any means necessary I take exception though.

^_^

Tell me about it.

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