All-round Budget thread

[longfingernails]

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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.

Marking my spot :)

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

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.

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

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

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

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

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.

Surely you can get childcare cheaper than that?

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

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.

Just seen the "Red Box" moment.

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

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

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

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 ?

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

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

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.

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

Marking my place.

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

Here we go!

£22k is the norm if BoffinMum has two kids.