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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 13:08

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

SarahMumsnet · 20/03/2013 13:09

On to tax evasion. He's against it.

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 13:12

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

SarahMumsnet · 20/03/2013 13:13

Bringing forward intro of single tier pension to 2016.

SarahMumsnet · 20/03/2013 13:13

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

SarahMumsnet · 20/03/2013 13:15

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

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 13:20

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

SarahMumsnet · 20/03/2013 13:21

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

SarahMumsnet · 20/03/2013 13:21

Booze! he's on to booze ...

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.

SarahMumsnet · 20/03/2013 13:23

Let them drink beer ... ?

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.

SarahMumsnet · 20/03/2013 13:26

Oh, he's back on aspiration again ... jobs and small businesses to be supported through "the largest tax cut in this budget". Cost of employing people a burden on small firms, so he's creating the "employment allowance" - first £2k of NI bill of small companies removed.

SarahMumsnet · 20/03/2013 13:27

Moominsarehippos excellent call. Will we all get special hats?

SarahMumsnet · 20/03/2013 13:28

"the way to restore our economic prosperity is to energise the aspirations of British people". That's ASPIRATIONS. in case you missed it the first time ...

SarahMumsnet · 20/03/2013 13:28

... and he's commended it to the house. All done. Let's see what Ed Miliband has to say.

SarahMumsnet · 20/03/2013 13:29

But controversy from without the chamber - that Evening Standard front page (linked to upthread) which was posted online before Osborne stood up, is making everyone v cross. Red faces at the Standard, I'm guessing. Apparently the person who tweeted it has been suspended

SarahMumsnet · 20/03/2013 13:31

LadyMaryQuiteContrary I'll take a rosette!

SarahMumsnet · 20/03/2013 13:31

a "more of the same budget from a downgraded chancellor" says Miliband ...

SarahMumsnet · 20/03/2013 13:32

Meglet actually properly rofl at that one ...

SarahMumsnet · 20/03/2013 13:33

custardo agree - it definitely ups the ante ...

SarahMumsnet · 20/03/2013 13:33

Miliband is castigating the chancellor over the growth figures - "tomorrow never comes" for Osborne, he says ...

SarahMumsnet · 20/03/2013 13:35

"Britain's families" paying the price for chancellor's failure, says Miliband. Apparently the OBR has confirmed that British people will be worse off in 2015 than in 2010.

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