Budget: Nothing radical will happen, lots of small amendments, claims of clamping down on tax avoidance etc.
Personal allowance will go up quite a lot due to inflation and to keep the Liberal Democrats happy. Reduction in the 50% tax band to 45% and a raising of the level at which this applies.
( Fucking hell Jeff I am not a robot, Wed 21 Mar 2012, 11:05, 2 replies, latest was 13 years ago)

Looks like they'll delay it for a year as well,
which doesn't make much sense economically... but could bring in a big boost to tax income just before the election.
(PsychoChomp, Wed 21 Mar 2012, 11:07, Reply)

What do you think of Labour's suggestion to reduce VAT?
I don't think it would stimulate spending as they suggest, as retailers etc wouldn't cut prices, instead they'd use it as an opportunity to increase margin.
( Fucking hell Jeff I am not a robot, Wed 21 Mar 2012, 11:20, Reply)

I think going back to 17.5% would be for the best.
But it's not a priority at the moment, increasing margins for retailers is generally not a bad thing economically but it doesn't help most.
There was a suggestion that start ups shouldn't have to pay any tax at all for the first two years, that would increase growth and employment significantly, at a fairly low cost.
(PsychoChomp, Wed 21 Mar 2012, 11:28, Reply)

I noticed that several local petrol stations have hiked up their prices by about 5p a litre yesterday.
The cynical bastards. Or is that just me?
( Davros' Granddad a voice of calm reason in a world of spastics., Wed 21 Mar 2012, 11:23, Reply)

I'm afraid it is.
Whenever anyone else buys petrol they charge them half what you pay.
( Monty Boyce, My cheese game is strong, Wed 21 Mar 2012, 11:25, Reply)

The TARDIS uses a lot

( sporters I’m sincerely gratitude to you, Wed 21 Mar 2012, 11:26, Reply)

I didn't buy any, I just noticed that the price had gone up quite substantially.

( Davros' Granddad a voice of calm reason in a world of spastics., Wed 21 Mar 2012, 11:26, Reply)