Ouch
The VAT rise and freezing child benefit across the board will be the headlines tomorrow morning. It’s a painful budget but a million people out of income tax is pretty “progressive”. The Corporation Tax cut will probably bring in more money than the current rate does now, something Harman clearly could not grasp. While VAT is irritating, booze and fags are protected, not that they could have gone up much more. A council tax freeze was long overdue. However the hike in Capital Gains Taxation to 28% is Cable’s fiscal spanner in the works, unlikely to reap more revenue and hits the prudent.
Raising VAT gives Labour an open goal, and something the BBC can rant about for days.
Watch all the lefties come out of the woodwork and proclaim ‘same old Tories, raising VAT’.
Stupid, stupid, stupid boy Gideon.
The Tories had better hope Labour don’t find someone half decent in the next 4 years.
Let the fucking beeb rant, vat rise doesn’t bother me.
Did Osbo mention that CGT would be lowered from 28% by 1% every year for 4 years, thought he did but i’m not sure?
GCT will be raised to 28% for higher rate tax payers
Corporation tax will be reduced from 28% to 24% by 1% per year over 4 years.
For basic rate tax payers, if the capital gain puts them above the higher rate threahold will their CGT be taxed at the higher rate, proportional or remain at the lower CGT rate?
I was hoping George would have announced the abolition of BBC’s licence fee – now that would have been brilliant AND curtailed the Bolshevik Broadcasting Company’s loony left tendencies. I am sick of subsidising the news channel of NuLeiber!
There is plenty of time, needs to gather momentum
Lowest bidder, surely.
All my Christmases would come at once.
One broadcast saying brothers take to the streets your government are evil would have the people out and you know it
Hahahahahahahahahahaha!!
any savings will be ours soon and you will all be in worse shit than now.time will tell.wait and see.
Danny Alexander has just explained why they went for 28%. All advice was that this was the optimum figure any higher or lower and revenue would be reduced.
He did what we said.
The IMF
They did what we said
VAT won’t hurt anyone. the necessities of life are either zero or reduced rated. Did anyone notice it going up 2.5 % this January?
Will only notice it when petrol goes up, i think labour put up the cost of petrol to compensate when vat went down. Dont suppose they will reverse this when vat goes up.
sadly, Danny Alexander didn’t have the wit to make these points when under the cosh from Huw Edwards. Do Treasury civil servants provide briefing or did such skills die under the previous regime as there wasn’t any point?
Raising VAT was a gimmee for who ever was in power. Darling would have done it, so would Balls. It really is that simple. You are correct, the BBC will have a field day and all the usual Labour spokesmen will be perjuring themselves saying how atrocious it all us.
Overall I was expecting a little bit more from George.
If you’re £200 better off with the increase in personal allowance, you can spend another £8000 on VAT rated items without feeling worse off. (2.5% of £8000 is £200)
And yet the Lefties were allowed to rage about the savage attack on the most vulnerable etc. etc.
Who lets them get away with this arrant nonsense?
Where does the “another” £8000 come from? You will be spending that much and more on VATable items already
Yes, I don’t remember any of the main parties ruling out a VAT rise during the election. In fact they all dodged the subject.
Not at all. We don’t set policy based on what Labour might rant about. No tax rises are good – but of them all, VAT at least doesn’t affect people’s ability to eat, clothe their kids or pay their energy bills. And you have control over how much you pay – via purchasing choices.
Furthermore, since everybody laughed when Labour cut VAT by 2.5% a year and a half ago because it was “insigificant” and “wouldnt achieve anything” (which were fair criticisms) you can’t then suggest the same amount as an increase is enormous or devastating.
Fact is – Labour spent all our money – they carried on spending when they ran out. It has to be paid back. Cuts are the start – a VAT rate is a better method than many tax rises as another choice.
I liked the budget, mostly.
Actually percentage wise in real terms it went up more this January than it will next.
Yes, it went up by 16.7% last time and will increase by about 14.2% in January.
Couldn’t have said it better.
I quite liked the budget too. Had to switch off once Harman started squarking though.
Meant to say squawking, of course.
No I like squarking, it’s a keeper!!
She had no points to make other than predictable shrill ranting. She had no figures, no arguments, nothing. A useless harridan.
Like seals.clap more for less fish.
denying the loan to Sheffield Forgemasters was an extreme act of stupidity. It could work tho, as Nick Clegg may be kicked out of Sheffield at the next election.
Sheffield Forgemasters put out a Press Release just after Lord Fondlebum of Boy gave them their loan.
They crowed about the amazing demand for large pump forgings & about their orderbook.
If the project was that good there would be no problem in getting a commercial loan – perhaps from GE (via GE Finance) which was held up as a “lead” customer.
The whole thing was nothing but blantant electioneering by Mandlescum.
Labour would have put up V.A.T. and income tax and nat ins. and any other tax that would penalise the hard working and the thrifty. What they would not have done is cut spending especially anything that would have affected the work-shy or the public sector. Someone has to make the difficult decisions to get us out of this terrible financial mess created by Labour. Labour would just have kept on borrowing and spending until we went bankrupt, which we nearly are now thanks to them – it’s in their DNA.
The VAT rise is welcome, it forces some of the feckless to consider what they have been wasting money on, there is no call for those on benefits to go out and buy £1000 plasma TV’s, or Sky satellite subscription packages.
The freezing of child benefit is a disgrace, it should have been cut by 25%, and stopped for those who have more than two children. That would discourage large cradle to grave Labour voting families who like nothing more than sucking on others hard work.
It was a budget that allows the feckless to continue to be feckless, whilst those who save and ARE NOT pensioners, will continue to get their @rse kicked to pay for the feckless.
Well said.
You can get a decent plasma for less than four hundred quid.
Where can I get a cheap flight to Odessa?
We can take you there any time, tovarich!
Blood plasma?
It was not hard enough of the feckless chavs.
Housing benefits capped at 400 quid A WEEK??? 400 a month would be more rational and it might keep rents down for hard working people who have to go out and work all hours god sends to make the current insane levels of rents!
Still, it is a start I suppose. The rest of the budget was not a problem. I think it is a very good start to balance the country and the economy.
Subsidising private sector employment out of London is welcome. too many areas were sucking on the Government’s tit and expected the world to owe them a living. Weaning them off the state an into a productive, wealth creating job will be a very good thing indeed.
Trying to stimulate private sector growth with an export lead boom would be the best possible way to stimulate the economy (given the constraints of the current “money” system we have)
£400 quid a week? You’d be lucky to rent out a basic terraced house at £400 a month around here.
Correction: the IMF would not have made such savage cuts as the Conservative party, so that means the Conservative budget is a worse budget than the IMF would have imposed.
There’s nothing savage about refusing to spend money you haven’t got.
So in effect houseing benefit is creating a false market and keep rents high?
Exacatly no wonder Labour where so happy with it.
To a degree, but let’s not forget that high rents are ultimately caused by rip off landlords. When you consider there are 800,000 empty properties in the country the laws of supply and demand cannot be used as an excuse for extortionately high rental charges.
And many landlords have bought properties they cannot really afford by taking out interest only mortgages and then they not only charge the tenant the cost of the mortgage upon which they are making no repayments on but also charge extra on top to make an instant profit form the tenant.
This scam has caused high rents in the rental market and inflation in the general economy.
Will Hutton’s missus is really pissed off.
All that housing benefit was going to her overpriced buy-to-lets down the Old Kent Road.
“To a degree, but let’s not forget that high rents are ultimately caused by rip off landlords.”
Not so. Private landlords charge what the market will bear, which is as things should be. The gross distortion in the housing rental market in the UK arises from the existence of vast tracts of local authoritty owned housing which is “rented” out effectively at zero return (i.e. almost zero cost to the “tenants”). If all of that property was privately owned and let at commercial rates, the overall costs of private rental would fall dramatically. The State has no business whatsoever being involved in controlling and dictating people’s lives through ownership and control of housing.
Alongside the scandal that is the NHS, allowing petty bureaucrats in local “authorities” artificially to control vast tracts of housing stock for their own political ends is one of the enduring disgraces in this country. The deliberate creation a huge underclass of people who expect as their “right” to be housed at no cost to themselves is one of the great disasters visited upon this country that will take generations to rectify.
AD, you completely miss the point I am making.
Too many people have been taking out interest payment only mortgages, thus preventing those who are sensible and truly credit worthy of being able to take out repayment mortgages.
They are able to do so by using an existing property to guarantee their pyramid style borrowing. They are guaranteeing that interest only payment mortgage on another interest only payment mortgage.
Even a dimwit like you must be able to see that is madness.
I am merely suggesting that if you cannot afford something you should not have it.
If people had taken that view over the last decade we would not be in the shit we are now.
You seem to be stuck somewhere in the late 90′s.
Please do try to catch up.
Bastard I’ll have to lower my rents now for the income support twats,10p on everything in my corner shops should help balance it
The EU will be pleased, they get a cut, don’t they?
Right. It wasn’t tough at all, and still worships the old divine right of parents to be given other people’s money.
“The Tories had better hope Labour don’t find someone half decent in the next 4 years.”
Hands up who thinks that is actually likely?
Nobody?
Thought not…
Well, no it’s not likely.
But if, somehow, they do, it won’t be good for the tories.
Look, it’s no good everyone here being reasonable and saying things like, Labour left us in this mess and the VAT rise was inevitable. We all know that.
The trouble is, the stupid electorate do not. They will be fed the lie over and over again for the next 4/5 years and they’ll swallow it. Remember how close the election was, and that was with the worst PM in living memory leading Labour.
Don’t disagree, though some of us believe the only potentially effective opposition was nobbled in advance and will continue to be so.
I watched one who spoke after the budget,don’t remember his name now but he was very impressive and on the button with his facts.
overall seems ok budget , but we should wait and read the small print , remeber gordons budgets unravelled in 24 hours so read the small print
That’s a good point.
I hope there’s not a Gordonesque doubling of income tax for the poorest workers buried in there somewhere.
Will Osborne did say that he would not hide the small print as this would all come out anyway. I hope he is as good as his word.
I remember budgets before Gordon’s when all the good and the bad was read out to the commons and we knew of all the rises and cuts at once.
It would be a very welcome return if that is what has happened in this case.
Where is Gordon – is he still sulking? It’s disgraceful he hasn’t put in an appearance in the Commons yet and especially yesterday when he should have been made to stand up and apologise for the mess he’s landed us all in.
does this mean we are all in this together ? genuine question?
No, it means you’re all in it together:)
I’m in Monaco where there is no CGT, personal income tax, corporation tax, NI but where VAT is 19.8%
Theoretically – yes.
In the actual scheme of things – no.
same old same old then ?
“The Corporation Tax cut will probably bring in more money than the current rate does now, something Harman clearly could not grasp”
I also fail to grasp this, could someone explain it to a layperson please?
Sure. If you charge too high a rate then business goes elsewhere and you actually end up getting less money. Charge a lower rate and and business floods in to take advantage of the opportunity – earning more actual money.
got modded for m@arkets again: –
A smaller amount of a bigger number can be more than a big amount of a small number.
Corporation Tax is a key driver of inward investment, and if the differential between UK and our international competitors is too great, then we create a disincentive for companies to invest in the UK.
In addition, direct taxes on economic activity (corporation tax and NI contributions) reduce our competitivness in the export m@rket. By reducing them and increasing VAT he has made UK plc significantly more competitive as we are in the EU VAT Zone.
or you could have a Dubai like solution, and pay security guards and private police to beat up poor fuckers that can’t buy food and sleep in containers.
A smaller amount of a bigger number can be more than a big amount of a small number.
Corporation Tax is a key driver of inward investment, and if the differential between UK and our international competitors is too great, then we create a disincentive for companies to invest in the UK.
In addition, direct taxes on economic activity (corporation tax and NI contributions) reduce our competitivness in the export market. By reducing them and increasing VAT he has made UK plc significantly more competitive as we are in the EU VAT Zone.
An explanation for Anonymous:
Probably, this assessment is based on the precept that a lower Corporation Tax makes the business climate more favourable, enticing entrepreneurs to these shores. Higher population of businesses paying a lower rate of Corporation Tax would eventually have the net result of increasing receipts from this form of tax.
Ah ok, I thought it was something more complicated than that. Thank you both!
There’s something called the Laffer curve which states that if tax was set at 0% or at 100% then the resulting tax take would be the same i.e zero. It therefore follows that somewhere between these two points there exists an optimum rate which will maximize the tax return. Too high and you discourage that activity, too low (is there such a thing?) and you are missing an opportunity.
The tricky bit is to determine what that % rate is, no doubt there is some high powered equation somewhere that nobody really understands. The key point is that you can’t double taxes and expect to double the revenue.
Long term we as a country have to sell more to the world and buy less from them, otherwise we have no hope of reducing the debt and increasing our standard of living. Given how much manufacturing has been contracted out of this country I think this is a welcome attempt to tackle this problem.
The solution is not to prop up inefficient industries as was done in the 70′s (Morris Marina anyone?)but to create the right economic conditions so that businesses want to locate here, and create the workforce of the future through our schools and universities.
Major businesses are moving their HQs out of the UK to avoid 28% Corp Tax.
Result …………. the exchequer was getting 20% of something, now getting 28% of F.A. , nada, zilch, zero, etc……………..
Latest example ………… Zurich Financial shutting down Swindon HQ (with loss of 120 jobs) and moving to Dublin. Well down Gordo – you are (were) a complete & viscious tit!
Zurich seemed to love Gordon very much for 11 yrs… engage your brain
Dubai Tit
And Ineos Chlor loved Mandlescum – but it didn’t stop them relocating their HQ to Switzerland a few weeks back. Entirely down to Corporation Tax they said.
“booze and fags are protected”
Ian dale will be happy !
Lame
no. it made me smile.
gold or silver lame?
The really painful bit will come in the autumn statement.
Pity Halibut Halfperson isn’t standing for Real Leader. I’ve never heard anyone so shrill. Was her speech written by the retained *comedian*?
I thought Mad Hattie Harperson was the retained comedienne.
Dont you mean retarted ?
Surely ‘retarded’ ?
thats the one , cheers
I caught part of her rant when passing the radio, I thought it was a recording of one of Hitler’s crowd-pleasers.
She’s pleased me many times.
The higher rate of CGT only hits you highly paid bloggers. The 28% rate was modelled to maximise the take. New concept – dynamic taxation!
We poor old codgers will still only pay at 18%
http://www.theterroristswhodestroyedthemarkets.com
There’s going to be a stockmarket crash anyway,so there won’t be gains from shares to tax by anybody
Has Guido sold this blog then?
Who bought it – Rupert Turdoch?
“The Corporation Tax cut will probably bring in more money than the current rate does now, something Harman clearly could not grasp.”
Well she is a member of the wurking class you know
Somone telling me I not getting £1800 a month for housing very nice in islington? What work of white faced devil gideon name of bloody jew is this? I have to move to shed in ipswich and sell plasma ps3 ipods and laptops to funding move? death to infidels!!
Beeboids quote the blog comment on Harman.
Perhaps they might wake up and ask Where’s Gordon, or wake up a realise that the TV tax is more regressive than VAT.
privitise the bbc , subsciption fee see how it survives then
Funny how Toenails has decided to go after the Lib Dems, looking for coalition splits, he doesn’t ask why did Brown fuck off after creating such a mess.
After all he has left Labour rudderless or run by Harman for another ten weeks.
Al Beeb need sorting out, and privatising it seems like a good way of raking in some much needed cash.
your right, you are a sad fucker
the BBC is one of the best assets this country has.
Correction ‘the BBC employs some of the best asses in the UK’.
So sell it off.
So sell it to willing subscribers.
My right what?
Re. CGT, the 28% rate is virtually triple the previous maximally tapered 10% rate for business assets with no protection from inflation either.
New businesses will benefit little from any reduced CT rate.
Can only have a negative impact on entrepreneurship, since new businesses will now have to generate 25% more value to secure the same net return and hence involvement if investors for the same level of risk.
This is straight out of the New Labour rule book.
should read “…involvement OF investors…”
The 10% threshold has been raised to £5m in a lifetime from £2m so where you learned maths I know not.
Pre-2008 10% CGT was applicable to business assets after two years with no upper limit of any kind.
Disposals over the new ‘lifetime limit’, or made by investors who have previously reached this threshold will now attract a 28% rate.
No maths required until you calculate the substantial and unfavourable shift in the risk:reward ratio that will adversely affect the behaviour of many investors.
Why have the pensioners not received the £1000 tax allowance? We shall have to pay the VAT increase like anyone else but on a generally lower income than those in work who have received the tax allowance.
Because their threshold is already £9400.
Did he confirm the higher threshold would stay? Even in the Budget Book 2010 – nothing is mentioned. BUT – the tax clawback from pensioners earing over £22900-£29400 will provide more money for them as the clawback will only go to the new under 65s rate – and thus the £600 ‘loss ‘will be about £450 now. That is something, is it not. So we all suffer to some exent. sez Pensioner.
Mmmmmm pensioners!!!
Boiled or fried?
Raw and wriggling!!!!!
Sort of steak Ta Ta, then. Still, offing the oldies could reduce NHS costs considerably. Maybe that’s being held over till the Autumn.
On behalf of the hard working pensioners union may I just say we all hope you both die before the age of 50 and do not live to enjoy your grandchildren.
Council Tax freeze is only given if Councils control their spending appropriately. Hmmm?
Didn’t Yvette look terrible as she had to listen Harriet ‘Shit for Brains’ Harman droning on and on and zzzzzzzzz…
I lolled
I wanted to lick her out
She had a bad night, lying underneath Ed as he pushed and grunted, sweat dripping from his conk and onto yvette’s face. Then she’d have to go through the motions of faking an orgasm – just as his eyes roll into the back of his head.
Then she had to lie next to his fat sweating carcass for 8 hours until they got up.
I have a ‘little’ sympathy.
Mind bleach, please.
That needs more than mind bleach. That’ll take mind napalm to shift!!!
I think you’ll find that as she lay on the bed taking it, Ed’s dripping sweat would have kept hitting her on the back of the neck.
Agggghhhhh, fucking stop it!!!! We’ve gone from bleach to napalm, the next step will need to be plutonium!
Yvette just looked more terrible than usual. She looked like she had cotton wool padding her cheeks out. Or perhaps it was something Balls had fed her for breakfast.
Could someone explain just how lowering Corporation Tax will “probably bring in more money than the current rate does now” I can see how changing the thresholds for this could raise income from the tax but how can lowering its rate do this? Surely the point of lowering the rate is to reduce the amount buisness has to pay.
cause it engoures new buisness to open and therefore more buisnesss more tax revune (or something like that)
Businesses situate themselves in low tax areas. The UK is ‘central’ for world commuters (all planes land in London east to west, west to east) we are also the world’s banking centre and a world class stock market so we are attractive. Lowering taxes attracts more companies and helps those who are already here spend less shuffling money off their P&Ls and balance sheets offshore.
When I finish with BP I am coming for UK off shore banking
Just for the record, “O’bama” is Swahili for Braindead Popinjay. Not a lot of people know that.
The channel islands mail-order companies will knocking back the champers already. They don’t account for tax or VAT, they are selling into the UK market, undercutting the entire High Street. Now they will be turning over more than ever and the treasury won’t see a penny. Whatever happened to all those loop holes they were going to cut? New politics, old politics and we’re definitely not all in it together!!
Could someone explain just how lowering Corporation Tax will “probably bring in more money than the current rate does now” I can see how changing the thresholds for this could raise income from the tax but how can lowering its rate do this? Surely the point of lowering the rate is to reduce the amount buisness has to pay.
Less incentive for companies to move to Ireland and instead stay in Britain
Because it will increase the incentive for businesses to generate taxable profits, rather than disposing of them to reduce their liability. The hope is that both net profits AND tax revenues would increase.
Laffer Curve
Never heard of incentives, inward investment?, in which Country an international company chooses to site its manufacturing etc.
The budget seems well thought out. The only issue is the VAT rise. Personally I’m all for it but as a political point the Labour shit bags will be going on about that one for years.
The UK is in a financial pickle and we need to get out of it. The Budget was needed. I just look forward to the 80% cuts!!! So goodbye to all the Smoking Equality Policy Diversity Managers!!!
You BARSTEWARD
Apparently the deficit will now be £1.28 trillion by the end of the parliament, not 1.4 as previously forecast.
Nice work George.
This is a damp squib of a budget that does bugger all to sort out Gordon’s mess.
Even higher rate taxpayers get to keep their nice little child benefit handout.
What’s £120Bn between friends? Just a few weeks of “expenses”.
Peter
Please look up the difference between deficit & debt.
Don’t be silly Peter. Get your facts right before attempting derision. Makes you look as incompetent as Gordy.
Business appears to be the clear winners from the budget.
VAT hit the consumers CGT hit the savers, seems fair to me
Yes lowering Tax for the rich is always presented as a way of increasing income. What a load of tosh!
The “incentive to earn more” argument is deeply flawed, as you pay tax as a percentage. If you earn more, yes you pay more tax, but you still get more money to keep.
The only way decreasing the tax rate could increase income is by encouraging people to stop hiding their income. That is called tax evasion and it is a criminal offence.
If there is another mechanism for increasing income, whilst reducing the tax rate I’d love to hear it, but I fear you would need to perform some sort of fishes and loaves trick to make it work.
Yes, valid point but ‘you’ve got less more to keep’ so we all bugger off somewhere warm and don’t pay any taxes at all. Maranello? I’ll have another 458 please, red will do nicely.
What you write is garbage, unless by “What a load of tosh!” you actually meant “I don’t get it”.
If there is a known optimum rate of taxation for maximising revenue and the current rate is above it, then reducing the rate will produce a marginal increase in revenue.
Only in the case where the current rate is already optimal (pretty bloody unlikely since nothing else in the New Labour economic cluster-fuck could be thus described) can it be said that changing the rate will cause a drop in revenue.
“If there is another mechanism for increasing income, whilst reducing the tax rate I’d love to hear it”
And ta-da! here it is.. If you tax work at 0%, you will get no revenue because no one pays tax. If you tax work at 100% you will get no revenue because no-one would bother working.
So you set a rate that is high enough to bring in revenue, but not so high it’s either a disincentive to work or an incentive to avoid paying tax (which is legal).
The current tax rate is acting as a disincentive to work and an incentive to avoid tax. Ergo, cutting it = increased revenue.
a criminal offence,made so by a minority with a lot against a majority without. Fuck them off we don’t need to be governed.
Less tax = less burden = lower prices = increased sales = increased revenue = more taxable revenue = more tax collected.
SIMPLE!
labour employed the opposite:
more tax = greater burden = higher prices = lower sales = less revenue = less taxable revenue = less tax collected.
See: law of diminishing returns
more taxis?
anyone want a taxi?
Though VAT is going to push up prices and small businesses will lose customers.
oh well , at least the cricket has started
And Wimbledon! I am looking forward to seeing the scots egomaniac andy murray, who says he will not be bowing to the Queen, beaten at some point!!
i dont mind andy murry he cant help being scottish , i would like to see him do well , makes up for the shity footie team we have
Scotland DNQ
I know i meant englands primadonnas, we dont want everyone to be the same with the same views do we ? I just hope he does well , i aint anti scottish , anti labour yes not anti scottish
Put a sock in it nell your bigotry is showing again.
For fucks sake Maj send nell a invite to the garden party.
ANYONE BUT ANDY!
Investor offloads £40m shares as City prepares for CGT rise –
http://www.ifaonline.co.uk/ifaonline/news/1686960/investor-offloads-gbp40m-shares-city-prepares-cgt-rise-papers
It’s called tax avoidance & is perfectly legal.
thats why pikeys won’t pay tax.they know whats theirs.
How the rich stay rich!
Income Tax & CGT are taxes on the stupid.
When the tories said they had no plans to put VAT up it wasn’t a Cast Iron guarantee, so fair game to be broken, suckers.
“When the tories said they had no plans to put VAT up”
Link please.
cast iron promise Dave
It was a cast-iron promise. Then they saw what a fucking mess we’d left behind.
Remember, there’s no money left – good luck.
Labour can hardly talk, they increased VAT by 2.5% themselves at the start of this year.
I think it’s a good budget. We never noticed the 2.5% vat decrease that gordon brought in, and we shan’t much notice the increase to 20% except perhaps in wine and petrol. Since food and clothing, the basics , are protected from vat, all other things if we can’t afford them are expendable.
If anything, I’m disappointed osbourne hasn’t gone further. He is still going to pay child tax credit to people earning up to £40k pa. Why? I think he should have abolished the child tax credits all together!!!
The VAT increase will feed through into exempt goods as it will be part of the operating costs – fuel, transport etc. Notwithstanding this, the effect should be small as 70% of most companies costs is in labour.
How about withdrawing from Afghanistan, spending more on intelligence and special forces less on Aircraft carriers and nuclear bombs.
Far too obvious and sensible.
nuke it and get it over with,then we can have all the resources,one day we will have to so why prolong it.
Housing benefits CAPPED at £400 a week. FFS. What an absolute fucking scam. You can bloody buy a house around the NW for that much a MONTH! Fucking idles twats living the life of Riley on fucking benefits. Bastards.
solution.Build houses.Bosses do fuck all that makes them sweat so why pay them top dollar
£400 not enough …………. more beenefit pleeze
I didn’t really like the budget, George put on a marvelous performance, but he didn’t slash, slash, slash.
Should have hammered Labour’s core voters (the benefit class) in favour of the middle-class.
Make the feckless Labour voters pay for everything, it won’t cost any votes.
Should have upped VAT on tracksuits and large hooped earings to 50%.
and made chavs with mobile phone music blaring out pay for a ‘public performance licence’
I’ve an idea. Set about rebuilding Hadrians Wall to about 60ft in height. Then, move all the chavs from across the UK to the North of the wall. They could have their own Socialist government, own benefits system etc and they could use North Sea Oil revenue to pay for it. Would this improve England? Imagine chav free towns, cities and villages. Heaven.
Next week, ideas on how to remove other parasitical groups from England.
Those large middle class middle England families that use the tax credits to pay for another car or holiday?
The middle class spongers you mean? Yeah, I am all for targeting them hard!
I think everybody in the UK should be told to leave, then reapply for UK citizenship
Paupers can go and live in Bulgaria
especially those Hunts with blogs and paypal donation buttons,fucking parasites.
Breeders next. All children to be adopted by your chav army. I’m not paying for someone else’s spunk accidents.
Then old people, rich or poor. They’re fucking ugly and not fun to be around.
May we know your definition of ‘old’ please? When I was 18, 39 seemed very ancient. Now, I’ve moved that number up to 64 (as chosen by the sainted Fab Four) as a revised definition. Ta very much.
Privatise the BBC, and we will never see a programme without advertisements for the rest of our life!
What is more, over a two hour programme, you will see the SAME adverts every ten minutes – personally, I would rather pay the £12 a month to NEVER see an advertisement.
well you can pay it for the new streamlined, reduced personnel, reduced costs, bbc coming to an independent branch near you – and you won’t be a criminal for not having a licence
How about not paying to print the budget to hand out to the media and make them print their own of the web? That should save a few quid.
Sorry, off the web.
At least it seems to have been printed much more cheaply compared to Darling’s last budget.
June budget – red cover, no colour, basic black “Budget 2010″.
Darling’s budget – glossy full colour cover with lots of pointless photos.
This is the really important stuff – a shot in the arm for UK plc – where the money is made and taxes paid.
From April 2011, the threshold at which employers start to pay National Insurance will rise by £21 per week above indexation.
Corporation Tax will be cut next year to 27%, and by 1% annually for the next three years, taking it down to 24%.
The small companies’ tax rate will be cut to 20%.
Why is the BBC salivating over the VAT rise? It hardly caused a stir in their newsrooms when Gordon raised it by 2.5% points this January.
If the braindead reporters did their sums then they would realise 2.5 % points on 15% is a greater percentage rise than 2.5% points on 17.5%
Nick Robinson called it a massive increase (well he would wouldn’t he), Labour are going to prattle on about this for eons one reason being the lib/dems were against it, what’s the big deal?. it doesn’t go on food or children’s clothing, still waiting for somebody in the msm to pin down a Brown, Badger or Harmon and tell us how they were going to “halve the deficit in 4 years” without increasing tax or making any cuts and in meantime still increasing the national debt. I haven’t just crawled out of a cabbage patch.
Yes, the Beeb always allows them to get away with this Lab promise to halve the deficit in 4 years without asking them very politely what they would actually do to bring this about.
As fas as I can see, it would have involved sitting around, paying massive benefits in the usual way, and simply hoping there would be some improvement. No actual policies, no cutting of anything, no raising of taxes.
WHY ARE THEY ALLOWED TO GET AWAY WITH THIS, TIME AFTER TIME?
Tried watching the budget on the beeb, kept getting these smart ass comments on the bottom of the screen from peston and robinson, even put their ugly mugs on too. Don’t remember seeing them on browns or darlings budgets.
Don’t .. honestly its not worth getting annoyed over BBC economists. They have Marxist economists, they will never understand.
If the marxists at the BBC had any cerebral function they would realise that Osborne has not cut enough and the deficit is still going to rise. Instead they are all still squealing about these modest cuts and tax increases. There needs to be more and I for one will not be happy until I hear the PIPS* squeak.
(*People in the Public Sector)
here here
Blinky is being drowned out by protestors on College Green! Hilarious!
Some fucker honking…
I thought the Honking was from Balls
It could have been. Sorry I was only listening, not watching so it could have been Balls.
it’s a vuvuzela
It was the lovely Yvette
She certainly honks.
This budgetings is most unfairs! They are limitings housing benefit to only £400 a week. That is not enoughs for me and my 78 relatives! We may have to go back to Kraplakistan.
Have you noticed how PIA planes fly with their nose in the air?
PIA = Please Inform Allah
http://johnnyvoid.wordpress.com/2010/06/22/housing-benefit-reform-set-to-cause-mass-homelessness/
Time you cockney twats got to live like the rest of us.
My heart is bleeding. £400 is way too much. £400 a month is much more like it. Osborne has been weak in this regard. If Cockneys can’t afford to live in London then they should get on there bikes and move North.
All the way to Wood Green – plenty more custom for me.
and council tax, because you’ll be paying for all the people forced to move out of westminster and kensington
Are you devoid of sense or just void period? Screw you.
Ah, the screaming of the parasites. Poor dears, £400 per week of other people’s money is not enough for you. Shame! Time to sell your 48″ plasma TV(s) on eBay, cancel Sky Sports and your iPhone contracts.
No more White Lightning for breakfast, either.
How sad. Not. Now scream more. Your screaming makes me so hot. I revel in your pain.
Ditto. Loving the screaming. I only wish he had slashed housing benefits much further. He could have taken a penny or two off the basic rate of tax too, if he had.
Some of us have to work to pay the Mortgage on the modest terraced house I call home, whilst layabouts live in luxury. £1600 a month would get you a fucking mansion where I live.
you like the thought of children being made homeless do you, is that what gets tories off these days?
How, pray tell, are any children going to be made homeless merely by limiting the amount their “parent” can steal from other people to £400 pw?
The only problem with his measure is that the State should not be providing “housing benefit” at all. The State has no right to get involved in ownership of private property or in distorting the market for that property by paying “benefits” to its politically favoured clientele.
Anyway, if the children are that concerned about becoming homeless, they can tell their “parent” to get off their backside and start working for a living!
you do know that around half of people on housing benefit are either working for a living or pensioners
and if you can find a family sized house to rent in central london for less than £400 a week then good luck to you
Don’t live in fucking central London then. It’s expensive!
Do yoe consider that maybe the paying of housing benefit actually raises the cost of housing? You can charge rates far higher than people can actually earn because other poor sods are paying it for them.
that would be the case if housing benefit was paid at or above the average market rental for a property
its not, its paid at the lowest possible rate, ie the very least you can rent a property for in that area – thats why in central london housing benefit on a 4 bed house was capped at 1k, but the average rent for a 4 bed house in many central london areas is over 2k
That’s OK Johnny. The little ones can come and stay with me.
Fuck off!
did he rearly mean £400 per week rent or was it a month?
A week. Bone idle lazy doley shite can have £400 a week! It’s a disgrace. And this is a cut!
FFS, tents costs less than £20. Are there still massive queues of great unwashed waiting to get into benefit paradise from Calais? Of course. When they accept asylum in France, we will know we have cut enough
if he meant 400 a week then everyone is homeless,oops no their not there will be a lot of dead property owners.
http://www.mortgagestrategy.co.uk/economy/emergency-budget-housing-benefits-capped-and-cut/1013864.article
£400 a week.
thats for a four bed house ?
Yep. £1600 odd a month. No wonder there are so many buy to let landlords. Bastards. £19000 odd from the taxpayer straight into the hands of buy to let shite. It really is too much to comprehend.
That’s what I paid for a room in my sister’s gaff.
Four hundred quid a week ?? That’s a lot of filth !!
400 quid A WEEK! No wonder this country is broke!
it only really applies in central london boroughs – councils set housing benefit rates at the lowest market value in the area for any given property
so some people in central london were getting more than that because thats how much it costs to have a place to live in central london (and by central i mean hackney, towerhamlets, camden, southwark as well as westminster and K&C)
all this will do is force unemployed and low paid people (who also qualify for housing benefit) out of the richer boroughs and into poorer ones meaning people living in places like dagenham, dartford and uxbridge will have to pay for them and not people living in the posh bits of town
economic gerrymandering essentially
Makes you wonder how many labour councillors in Tower Hamlets and Camden are buy to let landlords.
“here you go Umtumbe, a lovely one bed flat. Yes, that’s a bed and that’s a bog. Not used to those, are you? I’ll get my lesbian sister in the housing office to send me the £1600 a month direct, eh? Do you know anyone else in Africa who is looking to join us in benefit paradise?”
This Budget is a disgrace. I left the coalition with a strong economy. Isn’t that right, Mr Hat?
And where was gordon ‘macavity’ brown??! Not in the HoC anywa.
Here he is being paid £1200 plus a week plus generous expenses and given a 24hour security detail, and he has still to do a day’s work for the pay!!!
Utter disgrace!!! George should have made it a condition of the budget that MP’s only get paid , a daily rate, and that onyl for the days they put in an appearance at the HoC.
The police detail probably costs about 2000 a day, whilst he is locked up in Scotlandshire the security is not needed and so saving far more than 1200 a week.
Expect his forthcoming memoir to go ‘straight to DVD’ as they say in movieworld
What’s the difference between the IMF and the Conservative budget?
Fuck all!
Boom boom.
Remaindered to Book Ends or similar …£1.99 I should think alongside his books on Courage(?)
I stayed on the parliament channel after Harman and watched Clegg.What an ignoramus he is.He smirked like Militwat or just blatanly ignored every question.
Child tax credits! Child tax credits! Tractor stats!
A very bright lady from the City has just pointed out that the swingeing cuts do not come in until next year.
Isn’t this what Labour wanted anyway?
Since when has Balls allowed facts to contaminate one of his rants?
Housing benefit. Did I hear Osborne correctly when he said some families were being paid £104,000 a year housing benefit? WTF? Unacceptable.
That’s what he said and then backtracked by allowing £400 per week. it should have been cut to £200 per week no matter how big the family. Most of these parasites receiving massive housing benefits are immigrants and Asians with large families. Fucking useless cowardly budget. He should have scrapped child allowances for all those earning more than £20,000 and scrapped incapacity benefit for all except those really deserving cases of true immobility etc. Most the incapacity scroungers could do SOME form of work.
Don’t touch my DLA man!. I so weak I can never get up before 1 p.m.
See ya down the pub till midnight as usual.
this does not reflect well on truly disabled people so be fucking careful what you say
I like the cut of your jib, VoT.
VoT – you are on the right track, however even the £200 limit you suggest is wrong. There is no need for this “benefit” at all. It simply serves to distort the m@rket (keep getting modded for that word!). Rents are artificially raised by putting money stolen from other people into the hands of the State’s favoured clientele.
I got the rent off him so whats up
I’m glad this coalition is being ripped apart by the BBC maybe some of you thick spanners and the coalition included will wake up to what needed to happe along time ago to the BBC.
I’m quite pleased with this Budget. It cuts unnecessary spending on welfare, increases help for the poorest and for businesses. Welfare has been abused for far too long and this will be a wake-up call to all the chavs, east european pikeys and muzee fanatics who live off the state without contributing anything. Well done to Osborne. The boy done good.
Not tough enough.
Its a start
Yeah it was a good shot across the bow but they do need to get serious now.
Across the bow is simply lousy shooting. It should have been one straight down the funnel so those concerned really got the message.
We came here to take the crime from your crims as we are better at than them
Best bit of the Budget when Osborne stuck two fingers up to Europe. PRICELESS!
How to sell 40 million papers in a day..We have the shit.
Many retailers will swallow the VAT rise anyway. Takes me about a week to re-programme my pricing structure.
Will the BBC cut the number of ‘experts’ in South Africa when England are eliminated on ‘goals scored’ on wednesday afternoon?
The IMF arrived today. I did their dirty work for them.
Didn’t you watch the budget?
I was too busy. Working for a fairer Britain. Doing the right thing. In my shed. 300 miles away. Too scared. My fault.
George should have announced plans to privatise the BBC, got to be win win win, ever family in the country would have got an immediate tax reduction of £140 plus, the sale might generate £1 billion for the exchequer and no more Robinsons, Pestons, Nortons and Ross’s, who could possibly object to that?.
What is this thing called tax?
dont ask me
No idea.
No idea
I am starting to get the idea and I am not liking it.
Not liking it at all.
Never heard of it.
I agree with my hounrable friend
Used for nailing cloth onto wood
You’ve spelled it wrong – it’s “tacks”.
There’s the estimate. Cash only, please; ta very much.
I can offer a cheaper price.
Tax free!
Why do you think I work cash-only?
it’s funny cos often all these tax evaders/ avoiders/ deniers appear to be distant from ordinary lives. I know a very rich person who is a massive landowner near me. He has an hereditary title but can only come into this country for 30 days maximum. The inland revenue would dearly love to talk to him. He has estates in several other countries made from historic family dealings in south africa. He expects people to call him ‘Sir’ and treats everybody as if they are his feudal servants. He will do all he can to keep his wealth and will not be bothered by the recession or paying his dues.
Name names you pussycat.
An anonymous poster wouldn’t do that though, would they.
doesn’t undermine what I’m saying fuck face – it’s not just the tony bliar’s and lord paul’s of this world that are making every gain possible at whoever’s expense — the person I talk of is real and CnUt is too good a word for him and his family
Same old Tories, always cheating
same old anonymous always bleating !
Hi, my name’s George, I work for the IMF.
Voice of Treason – you are an ugly racist
quod vos es a gallo
Having watched the budget the one thing that struck me, is how unfortunate Jack Dromey is.
Was I shrill and strident enough ??
Sounded like you’d shat yourself.
Not altogether happy about the VAT rise, but at least we’ve got some time to make big-ticket purchases before next January – and I can understand the need.
Other than that, it does seem to be a pretty good first step. Starts to get a grip on public spending, reduces to tax burden a little on private sector employers and gives a small incentive to new businesses, so does rebalance the economy from public to private sector, which is what’s needed.
Not bad, Osborne. Now, stand firm against the loony lefties in the media whinging about the more egregious of the benefit dependents having their freebies pruned.
This budget is contractionary Engineer, and you can bleat all you want like a good Tory sheep but that will not change the fact.
George Osborne has just retarded the growth of our economy by at least five years.
And for that he will pay the price: his job and his party’s chance of re-election.
Mark my words.
Why do you call yourself “Economic Expert”? Your post proves that you are no such thing.
This budget is contractionary Audemus Dicere, and you can bleat all you want like a good Tory sheep but that will not change the fact.
George Osborne has just retarded the growth of our economy by at least five years.
And for that he will pay the price: his job and his party’s chance of re-election.
Mark my words.
Notice, gentle readers, how the socialist drone responds to questions regarding his brain-dead comment .. by repeating the same comment, word for word as if from script !
** beeeeeeep ** DOES NOT COMPUTE
Repeat Until No Questions Asked
Repeat Until No Questions Asked
Repeat Until No Questions Asked
I shall mark your words as utter shite and your opinion to be ignored forthwith.
Being the product of Nulav’s education(?) system, he mis-spelt his name. The “eco” bit gives the game away. What he meant was eco-gnomic – ie thick as a decent bit of Swiss cheese wityh a sprig of lettuce on the side.
Well said
Thank you for your support Engineer. Another thing people don’t understand is how similar we are to Greece; okay we haven’t got the same climate and admittedly Greece has only one tenth the number of taxpayers and okay, they haven’t got the same vast infrastructure or financial sector and they don’t export half as much stuff as we do, and let’s be fair, although our public sector has a lot of waste it is nowhere near as bad as those workshy Greeks claiming wages when they don’t even turn up for work, but apart from that people should understand that we are just the same as the Greeks and so if we didn’t slash the fucking shit out of our budgets and cut our frontline services to the bone we would be in exactly the same position as Greece.
People just don’t understand, do they Engineer?
Britain is full of lazy Greek types that are receiving 104k a year housing benefits thank you very much.
What we don’t have enough of is hard-working middle class.
George – well done! You said all that in one breath with no pauses for expression or punctuation. You should apply for a job as a BBC news reader.
when are we dumpin Vince?
Why am i still carryying an army of box ticking parasites in central and local government?
Make them get proper jobs with real (voluntary) customers and GET OFF MY BACK.
I didn’t compromise my principles and vote Conservative with the intention of getting more bloody Socialism
or liberals
Actually Osborne could blame the VAT hike on the Lib Dims obsession with harmonizing everythig with their beloved EU.
Don’t the Spanish have 20% VAT?
Perhaps this policy was cooked up at Casa Clegg?
The increase in VAT proves that George Osborne and David Cameron are EU stooges who are not to be trusted.
Hold on, I’m an EU stooge too!
you Tories are scum, hope you die horribly..as for you Guido..well the proper Guido would stick a large lump of TNT for using his name in vein while covering to be a Tory prick..lets throw you and all the Tory scum on the fire and watch u burn baby
In vein ?? Que ??
Must be a product of the New Labour education system?
Intravenous.
So thats a maybe then ?
Ah, the intellectual cut and thrust of progressive liberal debate! Those years at Balliol weren’t wasted.
As Marcus Aurelus remarked, one shouldn’t try to run with the majority. It is enough not to be amongst the madmen.
Me paenitet: ‘Aurelius’
vos es stultus
‘tu’, surely? And ‘stultissimus’ would work better. And while we’re at it, what’s all this nonsense with the word order?
Tu stultissimus es, only without ‘es’ of course. It would be more like ‘habes’ or ‘manes’.
Now write it out a hundred times before sunrise or I’ll cut your balls off.
A highly informative and educated post from another successful product of Labour’s education system.
The party of business eh? Millions of small businesses like mine now face a 20% price differential with their one-man band rivals.
Inflation expectations are already rising due to a never ending succession of ‘exceptional items’ like food, petrol and fuel without stupidity like this.
And the tax ‘cut’ is not coming until months later…
Thanks very much you bastards!
Jeff Randall not at all impressed with the budget. He can’t believe that the national debt will still grow each year and will be 25% higher after 5 years.
Just goes to show what a feckin mess these obscene Labour/Commie types are to get us here in the first place.
Shame shame shame Harman, Brown, Blair, Darling and all you other feckless destroyers of our Great Britain, you make me sooooo angry!!!!!
fuck all that , the french are 1-0 down to south africa HA HA HA HA
2-0
Sacre bleu!
Gideon seems have the pain quite widely, the increase on vat will go on just about everything except fuel and food but if you like your sweeties price will rise never mind the pies.
The BBC is a pile of Labour spouting shit and needs to be cut down by 75% or sold of or shot. BBC news should be about news and not just Labours opinion.
Nick Robinson is a fucking bald c*nt and needs his balls kicked until they *pop* out of his mouth.
I only watched the BBC’s coverage for 30 minutes, it was one nut job after the other.
Not only did they mention Thatcher but soon fool mentioned Maxwell too.
Shame the “collective” memory doesn’t stretch just a year or so further back.
(Watched Al Beeb’s 4 programme on the OU. Lenny Henry even got to mention Milk Snatcher!!! Glossed over with a few sentences the fact that Mrs T magnanimously supported another party’s idea.)
Euro Woes, and British Convictions?
http://www.plenty2say.com
I am a tory
we got the high street grocers,now we will get the rest
how many days was it to the first broken promise.no vat?
Soon there will be plenty of cheap property’s for sale my dear
Where was Mr Speaker? Why was only Deputy Dawg in the Big Green Chair?
Budget tradition Hal
Thanks for that. I had never noticed before. Then again my before was 13 years ago I haven’t sat through a budget since Liebour came to power.
I am off to investigate this. I thought Mr Speaker was neutral.
Sorry it has been hot here, I think I have had too much sun.
Ignorant Hoon the Deputy Speaker always sits in the chair for the budget…
Is there any correlation between the rise in Housing Benefit and Liebour’s open door policy for immigration?
I wonder how much of that rise in Housing Benefit went to prop the economies of Eastern Europe?
At least we had budget this year, unlike the US of A
Separation of Powers, wonderful.
CGT was 40% under Chancellor Brown, no wonder he’s keeping his head down
Tories raise GGT to one of the highest rates in the world-Gideon should be ashamed of himself. And in case any of his bum chums say it was 40% only two years ago, that was with taper relief, which reduced the effective rate considerably.
CGT 18%=>28%
VAT 17.5%=>20%
It’s Gideon’s tax bumshell.
Just heard on BBC news that most people had wanted Vince Cable to be CoE. Remind me, did LibDebs get overall majority?
Well back on planet Earth where people can write in real sentences, aren’t obsessed with Lord Fondlebum of Boy or the Prime Mentalist the Budget just highlighted what has become clearer and clearer.
The Liberal Democrats are finished as a political party.
Roll on Prime Minister Milliband