...an individual savings account, a scheme allowing individuals to hold cash, shares, and unit trusts free of tax on dividends, interest, and capital gains...StephenDolan wrote:Help to buy ISAs. Wtf?
Miliband sounds really fired up and angry.
RobertSnozers wrote:A very, very political budget from Osborne, though that was only to be expected. Very cheap 'brother' and 'two kitchen' gags. Not terribly impressive and very bombastic. Made things sound as if it's all broad, sunlit uplands and everything's rosy. Of course, the media never questions the recovery narrative. It was mainly an hour of Osborne crowing about how great he was. Amused to the extent that they're not even pretending the coalition matters now - can't remember what the quote was, but he was put 'Tory' in a soundbite, and a rather pleading 'you forgot the Liberal Democrats' could be heard in the subsequent hubbub. Yes, we all have.
Will be interesting to hear Danny Alexander tying himself in knots on WatO in a bit.
oh my god - I foresee trouble on this policy - Tory government are too absurd, you know? And then Labour get accused of poor policy? No, total projection from the Tory sector. Labour majority, please. Thank you.yahyah wrote:So...unless there are some safeguards anyone who has not bought a property in their life could open a 25% return ISA ? Even if they never intend actually purchasing one, for example a partner in a new relationship who has moved in with someone who owns a house ?
It's a "Help To Buy ISA" so I'd assume it's for that sole purpose – although he didn't actually mention first-time-buyers. There's a second ISA that you can take money in and out from. Giggled when he said that the average 10% deposit on a new house is £15,000. To buy this council flat (or, rather, identical ones on this estate) you'd need £35,000 as a 10% deposit.yahyah wrote:So...unless there are some safeguards anyone who has not bought a property in their life could open a 25% return ISA ? Even if they never intend actually purchasing one, for example a partner in a new relationship who has moved in with someone who owns a house ?
I thought more in terms of Nero fiddling while Rome burns.citizenJA wrote:Of course, that was my thought too. Let's not encourage Jeff. He'd probably dig being compared to Caligula.yahyah wrote:He does have a look of Caligula about him.
yahyah wrote:
The Mail were saying that Alexander is going to deliver his own tax plans tomorrow.
Remember the cringeworthy pic of him at the weekend holding a yellow wannabe Chancellor's box ?
Leader of the Opposition always replies to main budget. Just the way it is.LadyCentauria wrote:Question. Why doesn't the Shadow Chancellor make the response to the Budget speech? It's the Shadow Chancellor when it's the Autumn Statement, after all.
I vision it like a bigger UC fiasco - will have to do them monthly on line ? Impossible if so, for starters what rate of tax will be taken? on last years rate? Will we then have to wait to year end for rebate if business/takings have dropped?RobertSnozers wrote:Oh, and did anyone else catch the announcement about scrapping annual tax returns? I'd welcome not having to fill the thing in, but I'm at a loss to think how the information could be automatically transferred to HMRC. For a start, only I know what my expenses are, I get paid by a number of 'customers', some of whom deduct tax at source and some of whom don't. It strikes me as a recipe for confusion and, to put it bluntly, getting robbed blind.
I enjoyed Rowson's talk and recommend it to any of you if he visits your neck of the woods.I won't be here in the morning, I'm going to spend an hour with Martin Rowson.
http://www.tees.ac.uk/sections/whats_on" onclick="window.open(this.href);return false; ... nt_id=7333
Dan Hodges @DPJHodges 31m31 minutes ago Barnet, London
Thought that was one of Ed Miliband's better performances. But just wasn't backed up by his own benches. Which is telling in itself.
yahyah wrote:ohsocynical wrote:Well. I tried. I really tried. I put PMQs on. Watching old smooth tongue glibly pushing aside the appalling cancer treatment figures, and having the urge to smash my computer I jumped up and thought I'd do a few chores and just listen.
And then Osborne came on. I had to turn him off.
In the last few days I've become far more angry than is good for me.
It leaves me wondering if I'll be able to stay up for the election results and if the Cons get in, how will I be able to get up and carry on as normal?
I've been pondering that.
If the Tories get in because they win a landslide [unlikely I know], in a sense it would be easier to accept than if the Tories sneak back in because of the votes of people who have fallen for the spiel of the 'lefter than you' small parties.
On a personal level my household won't be worse off financially under the Tories, may even be a few pounds up if the Tories did bring in a married people tax allowance.
But the way Britain will change in another five years of them in power is too depressing to contemplate.
An old friend of my husband lives in South America and has got got his papers sorted to be able to work in Cuba after a short work visit last year. He's going for a stint in May and has asked us to join him.
Have to admit if the Tories get in we may well take him up on it and leave the UK behind for as long as a Cuban tourist visa would allow.
At least several thousand miles away I'd be less likely to strangle the Ms Monroes of this world who will be no doubt whining on about how awful a Tory government is without taking responsibility for their role in how Cameron got back into No 10.
It got a mention on last nights Press Preview & apparently there is some concern that for this plan to work, the HMRC would require detailed information of the income & expenditure from one's personal bank account !!RobertSnozers wrote:Oh, and did anyone else catch the announcement about scrapping annual tax returns? I'd welcome not having to fill the thing in, but I'm at a loss to think how the information could be automatically transferred to HMRC. For a start, only I know what my expenses are, I get paid by a number of 'customers', some of whom deduct tax at source and some of whom don't. It strikes me as a recipe for confusion and, to put it bluntly, getting robbed blind.
Must have imagined all that cheering at the end of it, then - and just to clarify, it wasn't coming from the Tory benches eitherTubby Isaacs wrote:Ha ha ha ha.
Dan Hodges @DPJHodges 31m31 minutes ago Barnet, London
Thought that was one of Ed Miliband's better performances. But just wasn't backed up by his own benches. Which is telling in itself.
Doesn't this make existing ISAs, and the proposed in-and-out ISAs, redundant for most people?PorFavor wrote:Good morfternoon.
"The first £1,000 interest on savings to be tax free". Please correct me if I'm wrong - but you'd have to have a fairly hefty wad salted away to benefit from this, give the interest rate on savings is so low. The very well-off will be pleased about this.
Why ripping Osborne a new one is bad for Miliband.AnatolyKasparov wrote:Must have imagined all that cheering at the end of it, then - and just to clarify, it wasn't coming from the Tory benches eitherTubby Isaacs wrote:Ha ha ha ha.
Dan Hodges @DPJHodges 31m31 minutes ago Barnet, London
Thought that was one of Ed Miliband's better performances. But just wasn't backed up by his own benches. Which is telling in itself.
He produced the goods when it was needed, nuff said.
https://www.gov.uk/government/uploads/s ... _final.pdf" onclick="window.open(this.href);return false;The government will provide £50 for every £200 someone saves, up to a maximum of government payment of £3,000. People will only be able to use this for a first home, and one that they will live in. It is available for homes worth up to £250,000, or £450,000 in London and the government money only gets handed over at the point the purchase. But a couple buying a home together can both get their £3,000. The Treasury expects 60% of first-time buyers to use the scheme, and by the end of the decade it is expected to cost £835m a year.
Seems a daft idea to me. Most income - bank interest, share dividends, salaries, pensions (other than the state pension) are taxed at source and would only be relevant if they cumulatively pushed you into a higher tax bracket. Any untaxed income/expenses from a business would only be available at the end of the tax year anyway. - unless every individual transaction is logged with HMRC as it happens.pk1 wrote:It got a mention on last nights Press Preview & apparently there is some concern that for this plan to work, the HMRC would require detailed information of the income & expenditure from one's personal bank account !!RobertSnozers wrote:Oh, and did anyone else catch the announcement about scrapping annual tax returns? I'd welcome not having to fill the thing in, but I'm at a loss to think how the information could be automatically transferred to HMRC. For a start, only I know what my expenses are, I get paid by a number of 'customers', some of whom deduct tax at source and some of whom don't. It strikes me as a recipe for confusion and, to put it bluntly, getting robbed blind.
If the annual statement of affairs (which essentially all the tax return amounts to) is abolished, how else would HMRC know how much tax to collect ?
Of course, government computers systems are mega-safe & it's unheard of for data to be saved on pen drives then left behind on buses and so on.....
RebeccaOne of the reasons I moved us to France in 2009 was because it was clear that Cameron would be pm and I couldn't bear the thought.was very sad that Rosie missed england so much we had to come back.
If there's another Tory led govt,well,at least I own my house,car,no debts at all.Will just stop reading the news,batten down the hatches and wait it out.
And any whining Tory enabling 'lefties' can starve for all I care.They will deserve it.
Last thing,I would hope Ed takes himself of to a nice,relaxing well paid job and gets 2 more kitchens,and tell Sparrow,dfh et al to fuck off.
Where's the money going to come from, now?pk1 wrote:AS:
https://www.gov.uk/government/uploads/s ... _final.pdf" onclick="window.open(this.href);return false;The government will provide £50 for every £200 someone saves, up to a maximum of government payment of £3,000. People will only be able to use this for a first home, and one that they will live in. It is available for homes worth up to £250,000, or £450,000 in London and the government money only gets handed over at the point the purchase. But a couple buying a home together can both get their £3,000. The Treasury expects 60% of first-time buyers to use the scheme, and by the end of the decade it is expected to cost £835m a year.
So if you can already afford the deposit, stick it in the new ISA for a month or two and get up to £3,000 bonus?pk1 wrote:AS:
https://www.gov.uk/government/uploads/s ... _final.pdf" onclick="window.open(this.href);return false;The government will provide £50 for every £200 someone saves, up to a maximum of government payment of £3,000. People will only be able to use this for a first home, and one that they will live in. It is available for homes worth up to £250,000, or £450,000 in London and the government money only gets handed over at the point the purchase. But a couple buying a home together can both get their £3,000. The Treasury expects 60% of first-time buyers to use the scheme, and by the end of the decade it is expected to cost £835m a year.
That's what the RDEL chart I posted ^^ says.LadyCentauria wrote:Ed Balls now on BBC Two Budget Special: OBR say Chancellors plans mean public spending squeeze for next two/three years harsher than anything seen in the 5 years of current government.
I wish I could find a quote from a few years ago when it was said by this government (George Osborne himself, I think) that austerity (in terms of government spending) was here to stay as a matter of principle and was not going to go away even when\if things began to look up. Except when there's an election in the offing. (Well, that last bit wasn't actually said.)pk1 wrote:OMG, look at this spending/cuts plan:
So it's cut like f*ck between 2015 & 2018 then stop cutting in 2019, prior to the 2020 GE !
If only viewers/readers were told what was in store if they vote tory....
Yep, I saw your comment after I'd posted mine. That chart is shocking!pk1 wrote:That's what the RDEL chart I posted ^^ says.LadyCentauria wrote:Ed Balls now on BBC Two Budget Special: OBR say Chancellors plans mean public spending squeeze for next two/three years harsher than anything seen in the 5 years of current government.
It's shocking !
That reminds me of the following - Speech from Dave filed under 'Austerity Forever'.PorFavor wrote:I wish I could find a quote from a few years ago when it was said by this government (George Osborne himself, I think) that austerity (in terms of government spending) was here to stay as a matter of principle and was not going to go away even when\if things began to look up. Except when there's an election in the offing. (Well, that last bit wasn't actually said.)pk1 wrote:OMG, look at this spending/cuts plan:
So it's cut like f*ck between 2015 & 2018 then stop cutting in 2019, prior to the 2020 GE !
If only viewers/readers were told what was in store if they vote tory....
Lord Mayor’s Banquet 2013: Prime Minister’s speech
David Cameron
11 November 2013
https://www.gov.uk/government/speeches/ ... ers-speech" onclick="window.open(this.href);return false;
It was Cameron.PorFavor wrote:I wish I could find a quote from a few years ago when it was said by this government (George Osborne himself, I think) that austerity (in terms of government spending) was here to stay as a matter of principle and was not going to go away even when\if things began to look up. Except when there's an election in the offing. (Well, that last bit wasn't actually said.)pk1 wrote:OMG, look at this spending/cuts plan:
So it's cut like f*ck between 2015 & 2018 then stop cutting in 2019, prior to the 2020 GE !
If only viewers/readers were told what was in store if they vote tory....
You can't complain - tea tax was abolished in the 1770s, after the Boston Tea Party.LadyCentauria wrote: Beer duty cut, spirits duty cut, wine duty cut – according to JoCo. I think her figures were percentages rather than pennies and in the realm of 1% for beer and spirits, 2% for wine. What about us tea-totallers! What do we get?
Well, yes but we've already got that. I really should have put a wink at the end of my comment aboveRobertSnozers wrote:A lower risk of stroke, heart disease and cancer?LadyCentauria wrote:... What about us tea-totallers! What do we get?
so to see just how far out his figures are, I went to the BBC for details of the emergency budget in June 2010:National debt to be lower at end of this parliament than at start
Osborne says for much of the last five years the national debt has been rising.
But he will be able to meet his original debt target, he says.
National debt to be lower at the end of this parliament than at the start, Osborne says.
(This was one of Osborne’s two original two fiscal targets. Most commentators assumed he had given up hope of achieving it.)
so debt in 2010 was £1000bnDebt to peak in 2013/14 at 70% of GDP.
I can't remember the exact state I heard, but it's in there somewhere!pk1 wrote:I thought I heard GO say debt had fallen. This para is from AS:
so to see just how far out his figures are, I went to the BBC for details of the emergency budget in June 2010:National debt to be lower at end of this parliament than at start
Osborne says for much of the last five years the national debt has been rising.
But he will be able to meet his original debt target, he says.
National debt to be lower at the end of this parliament than at the start, Osborne says.
(This was one of Osborne’s two original two fiscal targets. Most commentators assumed he had given up hope of achieving it.)
Here's the truth about that debt figure:Debt to peak in 2013/14 at 70% of GDP.
So is he dropping sticking to Osborne's plan for 2015/6?LadyCentauria wrote:Ed Balls now on BBC Two Budget Special: OBR say Chancellors plans mean public spending squeeze for next two/three years harsher than anything seen in the 5 years of current government.
He has always said he will stick to Osborne's spending limits, not his spending plans; as an incoming Chancellor he is restricted in his first year by the budget limits set by the outgoing one unless he dramatically increases borrowing or has his own emergency budget to change the ground rules.Tubby Isaacs wrote:So is he dropping sticking to Osborne's plan for 2015/6?LadyCentauria wrote:Ed Balls now on BBC Two Budget Special: OBR say Chancellors plans mean public spending squeeze for next two/three years harsher than anything seen in the 5 years of current government.
I can see why he said he would- it's good with markets to show straight off you're "tough". But even so.
