All-round Budget thread

(434 Posts)
longfingernails Wed 23-Mar-11 10:25:13

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longfingernails Wed 23-Mar-11 10:28:11

According to the Mail, everyone (well, everyone who earns) is going to get a nice income tax cut! £320 for basic-rate taxpayers, £45 for higher-rate.

pipplin Wed 23-Mar-11 10:32:12

Marking my spot

MarioandLuigi Wed 23-Mar-11 10:33:11

If you are a higher rate tax payer, £45 isnt exactly a deal breaker is it, so why bother.

longfingernails Wed 23-Mar-11 10:38:37

Politics is about symbols and emotion as much as facts (often, I really hate this) - but the idea that the assault on people on very decent but by no means outrageous incomes (like £40k) won't go any further is rather appealing.

MarioandLuigi Wed 23-Mar-11 10:45:41

I agree with that, but it just seems like a hollow gesture - £3.75 a month is not going to excite anyone is it?

Chil1234 Wed 23-Mar-11 10:46:16

I'll have anyone's that doesn't want their £3.75....

longfingernails Wed 23-Mar-11 11:10:09

Also, the fuel duty increase will be scrapped, apparently.

noodle69 Wed 23-Mar-11 11:26:08

I am looking forward to the income tax cut. I would say higher rate tax payers are on a pretty large income anyway so they arent going to get a big rise. I think its a good idea though

BoffinMum Wed 23-Mar-11 11:30:03

Noodle, I have just been swept into the higher rate band. My childcare costs are £22k, my commuting costs are £4k and rising, I have about £75 a week left after all that, and I'm about to see child benefit disappear. Not exactly riches.

noodle69 Wed 23-Mar-11 11:33:36

Surely you can get childcare cheaper than that?

MarioandLuigi Wed 23-Mar-11 11:35:54

So how will you spend your extra £3.75 a week then BoffinMum?

noodle69 Wed 23-Mar-11 11:37:06

Yeah but childcare is only for a few years and then you will be rich. People in poor areas though will be poor for life with no way they could dream of becoming higher rate tax payers. Thats the way to look at it I think.

meditrina Wed 23-Mar-11 11:38:20

Just seen the "Red Box" moment.

It seems the users of private jets might be getting a new tax.

Blimey! 2 kids in what I thought was quite expensive nursery is £14k. That is a helluva childcare budget!

I would have liked them to hold off on tax cuts and lessened some of the massive cuts to services personally. I thinkit would have more impact than giving people £3.75 a month.

noodle69 Wed 23-Mar-11 11:40:47

Full time childcare here is £7500 but it isnt fancy like you get in London or here about on here!

redrobin Wed 23-Mar-11 12:04:36

we dont know how many children boffinmum has, to be fair.

jugglingjo Wed 23-Mar-11 12:17:00

I heard that those earning under £8000 won't be taxed at all ?

As that's me (working PT) I'm rather hopeful !

When's it being brought in ?

LargeGlassOfRedPlease Wed 23-Mar-11 12:29:58

Boffin - 22K/year? Two children under 3yrs old in nursey FT?

jilly5 Wed 23-Mar-11 12:31:47

Looks like Boffinmum has 4 kids, thats a brave woman!

amidaiwish Wed 23-Mar-11 12:32:26

i paid £1900/mth for 2 kids in nursery 4 days week - london suburbs. nothing fancy at all (teddies chain) so £22k isn't that unusual ime.

meditrina Wed 23-Mar-11 12:33:51

Off we go! He's on his feet now.

Marking my place.

Chrononaut Wed 23-Mar-11 12:34:06

my god, 22k is well over double my yearly income O_o

MarioandLuigi Wed 23-Mar-11 12:34:51

Here we go!

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