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Budget 2013: did you see it? What did you like/not like?

58 replies

SarahMumsnet · 20/03/2013 12:00

Morning everyone,

George Osborne will be standing up to give his 2013 Budget at 12.30pm today. With the UK experiencing its longest period of economic stagnation for a century, and the public squeezed between rising fuel costs rise, falling welfare payments and flat-lining wages, the country will be giving him its full attention. In terms of family finances it's possible that the most significant announcement for most of us has been made already: the government outlined its plans for the Tax-Free Childcare Scheme yesterday (read all about it here). But inevitably there'll be plenty more to come - look out for announcements on fuel tax, first time buyers and alcohol (dear to your hearts, we know ... )

Here's a link to the BBC's live stream; for those of you at work who can't see it, we'll post the key announcements as they happen; do tell us what they mean for you.

And for those looking for an at-a-glance rundown of what's been said, we're delighted to welcome back Mark Dampier, head of research at independent financial advisers Hargreaves and Lansdowne, who'll be sending us his bullet-point version of the Budget as soon as possible after Osborne sits down. And Will Hadwen, rights adviser at charity Working Families, which offers advice on advice on employment rights, benefits and tax credits for working parents, will be giving us a breakdown of what the Budget means from their point of view.

Off we go ...

SarahMumsnet · 20/03/2013 13:19

News on help-to-buy - £3.5bn of capital spending going into shared equity loans. Put down a 5% deposit from savings on a new-build home and gvt will loan a further 20%, interest free, repayable after three years.

SarahMumsnet · 20/03/2013 13:15

Dammit! I was right the first time. 2016. Sheesh.

SarahMumsnet · 20/03/2013 13:13

oops - beeb has flat-rate pension being brought forward to 2014 - my mistake

SarahMumsnet · 20/03/2013 13:13

Bringing forward intro of single tier pension to 2016.

SarahMumsnet · 20/03/2013 13:12

Reaction from elsewhere: Greenpeace already coming out against announcement on shale gas mining (fracking)

SarahMumsnet · 20/03/2013 13:10

he's unveiling a bunch of measures to bring in unpaid taxes - details available afterwards. There'll be naming and shaming of people who promote tax avoidance schemes.

SarahMumsnet · 20/03/2013 13:09

On to tax evasion. He's against it.

SarahMumsnet · 20/03/2013 13:08

"Britain is open for business" apparently. Corporation tax to be reduced by a further 1%.

SarahMumsnet · 20/03/2013 13:07

Sometimes I think it would be easier to raise money than to raise children . Less answering back ...

SarahMumsnet · 20/03/2013 13:06

He wants Britain to be the place "where people raise money". Slip of the tongue, perhaps - or new economic plan? Grin

SarahMumsnet · 20/03/2013 13:05

Capital gains tax relief for sales of businesses to employees ...

SarahMumsnet · 20/03/2013 13:04

He's talking about investing in shale gas now. Any energy/environment experts care to comment?

SarahMumsnet · 20/03/2013 13:03

oooh - big reaction to announcement that some industries will be exempted from the climate change levy - what do you think?

SarahMumsnet · 20/03/2013 13:01

Investment now: infrastructure investment will be boosted by £3bn in 2015/2016

SarahMumsnet · 20/03/2013 12:58

Back to the matter in hand: military will be exempt from 1% cap on public sector pay

SarahMumsnet · 20/03/2013 12:57

rofl moominsarehippos

SarahMumsnet · 20/03/2013 12:55

oooh - he's got a frog in his throat! Whole thing stopped while he choked and had some water. Drama ..

SarahMumsnet · 20/03/2013 12:55

Govt will "extend the restraint on public sector pay for another year" - pay rises limited to 1%

SarahMumsnet · 20/03/2013 12:53

... but most depts will see a 1% spending cut

SarahMumsnet · 20/03/2013 12:52

Schools and health budgets will remain protected this year: "our promise to the NHS is a promise we will keep", he says

SarahMumsnet · 20/03/2013 12:52

Govt depts are forecast to underspend their budgets by more than £11m this year ...

SarahMumsnet · 20/03/2013 12:51

Getting into economic specifics now. Lots of numbers. Everyone in the house very muted because they don't understand what he's on about

SarahMumsnet · 20/03/2013 12:48

... and apparently if you "ask the British people" they'll say that we should spend less rather than tax more. Well, British people?

SarahMumsnet · 20/03/2013 12:47

The measures he will announce today are "fiscally neutral" ...

SarahMumsnet · 20/03/2013 12:47

The promised spending reductions have been "more than delivered", he says ...

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