Tax Cuts in the Budget

Guido spotted a few welcome if modest tax cuts in the budget:

  • Stamp Duty cut worth up to £5,000 to first time buyers
  • Personal allowance will rise to £11,850 tax free
  • The higher rate threshold will rise to £46,350*
  • Tax break for transfers of North Sea oil and gas fields
  • Increase in the business R & D tax credit to 12%

A couple of freezes:

  • Fuel duty frozen again this year
  • Froze air passenger duty
  • Beer duty frozen
  • No new tax levies for renewables until 2025 at least

*Given the Scottish higher rate of tax kicks in at £43,000 canny Scots who file their tax returns in England will save themselves a few quid.

Have co-conspirators spotted any more cuts?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Wes Streeting speaking in the anti-Semitism debate says Jewish leaders

“will be horrified by the response of our frontbench to this debate today”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Convicted Charity Thief Canvassing for Labour Convicted Charity Thief Canvassing for Labour
Anti-Brexit Bias of Former Top Civil Servants Anti-Brexit Bias of Former Top Civil Servants
Labour Candidate Deletes Website and Twitter Account Amid Anti-Semitism Row Labour Candidate Deletes Website and Twitter Account Amid Anti-Semitism Row
Bully Bercow’s “Medicament” Slurs Bully Bercow’s “Medicament” Slurs
Government Loses Lords Customs Union Vote Government Loses Lords Customs Union Vote
Gallery Guido’s PMQs Sketch: Mission Accomplished Gallery Guido’s PMQs Sketch: Mission Accomplished
Labour Candidate’s Think Tank Defended Ken and Jackie Walker Labour Candidate’s Think Tank Defended Ken and Jackie Walker
May: Labour Took Decision on Windrush Landing Cards May: Labour Took Decision on Windrush Landing Cards
Owen Jones Calls Out Labour Nepotism Owen Jones Calls Out Labour Nepotism
Ruth Smeeth Reads Anti-Semitic Abuse from Corbynistas Ruth Smeeth Reads Anti-Semitic Abuse from Corbynistas
Three Billboards Protest Against Labour Anti-Semitism Three Billboards Protest Against Labour Anti-Semitism
Unemployment Rate Lowest Since 1975 Unemployment Rate Lowest Since 1975
Maitlis on Pointless Syria Vote Maitlis on Pointless Syria Vote
Top Corbynistas Attend Pro-Assad Rally Top Corbynistas Attend Pro-Assad Rally
Rudd Attacks Home Office Rudd Attacks Home Office
Chris Leslie Slams Corbyn Turning Blind Eye Chris Leslie Slams Corbyn Turning Blind Eye
Man Who Wrote Watson’s Legal Advice Gave Interview to Sputnik Praising “Brilliant” Work of Assange Lawyers Man Who Wrote Watson’s Legal Advice Gave Interview to Sputnik Praising “Brilliant” Work of Assange Lawyers
What is Happening in the Commons This Afternoon What is Happening in the Commons This Afternoon
Jewdas Lose £45,000 After eBay Restarts Anti-Capitalist Beetroot Auction Jewdas Lose £45,000 After eBay Restarts Anti-Capitalist Beetroot Auction
8 Home Office Fiascos Under Rudd 8 Home Office Fiascos Under Rudd