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MNHQ

Budget 2014 - watch with us!

57 replies

SarahMumsnet · 19/03/2014 11:46

So... George Osborne will be standing up to deliver this year's Budget at 12.30pm, with announcements expected on property tax, stamp duty and the personal tax allowance. Here's what you were hoping (and dreading) would come up; time to find out whether George has been reading Wink

We'll be watching the Budget over here and posting about the key announcements for those who are at work unable to view the live stream; come join us, and tell us how you think he's doing ...

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MNHQ

SarahMumsnet · 19/03/2014 12:58

"From midnight tonight anyone purchasing residential property worth over half a million pounds through a corporate envelope will be required to pay 15% stamp duty."

MNHQ

SarahMumsnet · 19/03/2014 13:00

it's hard to hear at points, isn't it, Sparklingbrook?

MNHQ

SarahMumsnet · 19/03/2014 13:01

"Britain has to up its game on exports" - doubling lending available to exporters and cutting rates on lending by a third.

MNHQ

SarahMumsnet · 19/03/2014 13:03

Air passenger duty to be changed: "From next year, all long haul flights will carry the lower tax rate that you now pay to fly to the United States."

MNHQ

SarahMumsnet · 19/03/2014 13:04

Extending help to buy scheme for the rest of the decade, and looking to build many new homes in the south east (inc garden city of 15,000 homes at Ebbsfleet) where the housing pressure is greatest.

MNHQ

SarahMumsnet · 19/03/2014 13:06

Moving on to investing ... he'll set out plans for the projects that will be supported in the autumn. Today, he's approved a guarantee for the Mersey Bridge. Making an additional £140m pounds available for repairs to flood defences; £200m available, too, for road repairs.

MNHQ

SarahMumsnet · 19/03/2014 13:07

Extending grants for small businesses to support over 100,000+ apprenticeships

MNHQ

SarahMumsnet · 19/03/2014 13:10

20% tax relief for regional theatre ...

MNHQ

SarahMumsnet · 19/03/2014 13:11

News for small businesses: annual investment allowance to be extended to 2015, and doubled to £500k.

MNHQ

SarahMumsnet · 19/03/2014 13:13

"We need to cut our energy costs" says Osborne, and we'll do it by investing in new sources of energy inc nuclear, shale gas and renewables. £7bn package to cut energy bills for manufacturers.

MNHQ

SarahMumsnet · 19/03/2014 13:15

Reiterating tax-free childcare pledge now ...

MNHQ

SarahMumsnet · 19/03/2014 13:15

Planned fuel duty rises for September will now not take place, says Osborne.

MNHQ

SarahMumsnet · 19/03/2014 13:16

Finally - the bingo duty announcement. it's going to be halved to 10%. You can all switch off now Wink

MNHQ

SarahMumsnet · 19/03/2014 13:18

Tobacco duty to rise by 2% and will continue to rise through the next parliament. Alcohol duties to rise with inflation, except for Scottish Whisky, on which duty will be frozen, and on cider, to help those in the west country hit by the floods. On beer, duty will be CUT by 1p. A penny off a pint, says Osborne in a naked attempt to write tomorrow's headlines for all the journalists watching ..

MNHQ

SarahMumsnet · 19/03/2014 13:21

Here's the real headline though: next year, no income tax at all on first £10.5k of salary. And higher rate threshold to go up.

MNHQ

SarahMumsnet · 19/03/2014 13:22

40p threshold up to £41,865, InMySpareTime

MNHQ

SarahMumsnet · 19/03/2014 13:23

OK, news for savers.

Cash and Stocks ISAs to be merged into a single new ISA, which will be more generous, with an annual limit of £15k. Junior ISA limit up to £4k.

MNHQ

SarahMumsnet · 19/03/2014 13:24

Launching new 'pensioner bond', open to everyone over 65.

MNHQ

SarahMumsnet · 19/03/2014 13:26

Pensions: all remaining tax restrictions on pension pots to be removed; pensioners can draw down as much as they want when they want. No one will have to buy an annuity. Free impartial face to face advice to be offered to everyone.

MNHQ

SarahMumsnet · 19/03/2014 13:27

Anything you take out of your pension will be taxed at normal rates, rather than the current 55% after the initial 25% has been drawn down, says Osborne.

MNHQ

SarahMumsnet · 19/03/2014 13:29

10p starting tax rate for income from savings to be abolished. First £5k of savings income will be at 0%.

MNHQ

SarahMumsnet · 19/03/2014 13:29

Thanks PigletJohn - I realise I'm missing things!!

MNHQ

SarahMumsnet · 19/03/2014 13:30

He's winding up now; think that was the meat of it.

MNHQ

SarahMumsnet · 19/03/2014 13:33

... and done. May I be the first to call it the "beer and bingo" budget? Here comes Ed, meanwhile ...

MNHQ

SarahMumsnet · 19/03/2014 13:34

The working ppeople of Britain are worse off under the Tories, says Miliband. Living standards down, year by year.

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