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

245 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 ...

OP posts:
Tortington · 20/03/2013 13:25

he will appease tabloid readers - they are stupid

Moominsarehippos · 20/03/2013 13:25

The Mumsnet Party. I like the sound of that.

stretch · 20/03/2013 13:24

He thinks that will appease all the tabloid readers Hmm

LadyMaryQuiteContrary · 20/03/2013 13:24

When's the next General Election? Is there a party capable of taking over?

Come on, Mumsnet! Let's set one up. We'll do a better job!

Scruffalo · 20/03/2013 13:24

banks lending to people who can't afford deposits....that's never caused problems in the past, has it Hmm

just another way to try to keep housing costs artificially high IMO

SarahMumsnet · 20/03/2013 13:24

Personal tax allowance to be raised to £10,000 next year, not at the end of parliament, as previously suggested.

OP posts:
Moominsarehippos · 20/03/2013 13:23

Stupid question... If you don't pay tax, will you not be eligible for state pension? Oooo £10k tax free earnings. Well that's something I suppose.

How many times is he going to say 'hard working families'? I shall have a sip of whisky every time he does.

SarahMumsnet · 20/03/2013 13:23

Let them drink beer ... ?

OP posts:
MissPricklePants · 20/03/2013 13:23

he is a twat. Cheaper booze and cheaper fuel is just a token gesture to please people!

SarahMumsnet · 20/03/2013 13:22

Planned rise for all alcohol duties going ahead, with exception of beer. Planned 3p rise in beer duty tax cancelled - in fact he's going to cut it by 1p. "Penny off the pint" from Sunday night.

OP posts:
LadyMaryQuiteContrary · 20/03/2013 13:22

Help-to-buy; helpful to those in work (laughs), will the banks make these loans when they won't lend to small businesses? What about social housing?

Oh, 1% cut in duty on beer. Lets get the UK pissed and they won't care that they can't feed their children or keep them warm. Yeah. Hmm

PainForLife · 20/03/2013 13:22

exactly encouraging people to get mortgages they can't afford already has lead to one global recession....how on earth is it a good idea to start the whole process again.... I'm getting very angry now!!!

Moominsarehippos · 20/03/2013 13:21

Oh do shut up George. Stop being so condescending.

sweetkitty · 20/03/2013 13:21

I just thought instead of all this buy your own home thing why not build more council houses?

Affordable rents (which the government gets as revenue), a boost to the construction industry etc?

mistletoeoak · 20/03/2013 13:21

Beers all round then :)

SarahMumsnet · 20/03/2013 13:21

Booze! he's on to booze ...

OP posts:
SarahMumsnet · 20/03/2013 13:21

September's fuel duty increase CANCELLED (as widely reported in advance)

OP posts:
Moominsarehippos · 20/03/2013 13:20

They will find that a silly amount of people will lose their homes.

I don't drink beer.

landofsoapandglory · 20/03/2013 13:20

I'm glad the fuel duty is cancelled.

SarahMumsnet · 20/03/2013 13:20

oh and from earlier - social care spending cap to be brought forward to 2016 to protect savings over £72,000

OP posts:
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.

OP posts:
Moominsarehippos · 20/03/2013 13:18

Home buying caused all the shifting the US. Scramble to lend to people who couldn't pay back. Surely it's better to get more folk into stable employment first?

landofsoapandglory · 20/03/2013 13:17

The home buying thing might help people I suppose.

PetiteRaleuse · 20/03/2013 13:16

Why the obsession with buying own home? Isn't encouraging people to borrow more than they can afford to pay back the whole reason for the recession? In effect they will be 95% of property value combined mortgage/loans? Can someone clever explain why this is a good idea?

Moominsarehippos · 20/03/2013 13:16

Single tier pension! But we'll all be working until we drop anyway.

I can't get my head around these Very Big Numbers. Can't they cut off several zeros? I can understand £350, but my brain can get around £3.5 billion.