NorthNorthumberland
24-03-2007, 23:12
To'ther day dear old Gordan told the nation his 11th and last budget.
Basic rate of income tax cut to 20p from 22p, from April 2008
Top-rate income tax threshold to rise to £43,000, from £38,000
Corporation tax cut to 28 per cent, from 30 per cent
Beer up 1p a pint, wine up 5p a bottle, duty on spirits frozen
Cigarettes up 11p for a packet of 20. VAT on nicotine replacements down to 5 per cent
Fuel duty up 2p a litre. Rise delayed for 6 months, until October
Top-rate road tax up, by April 2008, to £400
For most fuel-efficient cars, road duty cut to £35, from £50
Cash Isa limit up to £3,600
Income tax reduced to two rates by removing the 10p band on non savings income
"Budget to expand prosperity and fairness for families"
"Long-term reforms" needed to meet global challenges
UK economy growing faster than other G7 countries
UK growth forecast at 2.5 per cent to 3 per cent in 2008/09
Inflation will fall this year to 2 per cent (from 2.8 per cent)
For 2008/09 inflation forecast on target
Business investment growth forecast at 7 per cent
UK has closed productivity gap with Japan and Germany, narrowed it with America and halved it with France
UK has met "Golden Rule", with spending surplus of £11bn over economic cycle
Debt from 2007-08 to 2012 forecast at 38.2, 38.5, 38.8, 38.8 and 38.6 per cent - meeting second fiscal rule
Net borrowing expected at £34bn this year, up from £31bn previously estimated
Asset sales to double to £36bn
£6bn sale of student loan book
Counter-terrorism services to get extra £86m
Armed forces to get extra £400m this year
NHS to get £8bn more
Budget to be broadly neutral in fiscal terms
Investment in science to rise to £6.3bn
R&D tax credits to increase by £100m to spur high-tech innovation
£800m for environment transformation fund
New mortgages for green homes
Up to £4,000 for home insulation for pensioners
VAT reduced to 5 per cent for energy saving
£50m to save forests in Africa
Bio-fuel duty differential of 20p to be extended until 2010
No stamp duty on zero-carbon homes up to £500,000
Landfill tax to rise by £8 a year
No VAT on air travel
Pensions Financial Assistance Scheme up to £8bn, from £2bn
Pensioners tax-free allowance up to £9,770
Education "to become a right" for everyone up to age 18
The papers seem to be saying that he is incresing tax for the poor but trying to cover it up with the 2p drom in income tax. what do you think?
Basic rate of income tax cut to 20p from 22p, from April 2008
Top-rate income tax threshold to rise to £43,000, from £38,000
Corporation tax cut to 28 per cent, from 30 per cent
Beer up 1p a pint, wine up 5p a bottle, duty on spirits frozen
Cigarettes up 11p for a packet of 20. VAT on nicotine replacements down to 5 per cent
Fuel duty up 2p a litre. Rise delayed for 6 months, until October
Top-rate road tax up, by April 2008, to £400
For most fuel-efficient cars, road duty cut to £35, from £50
Cash Isa limit up to £3,600
Income tax reduced to two rates by removing the 10p band on non savings income
"Budget to expand prosperity and fairness for families"
"Long-term reforms" needed to meet global challenges
UK economy growing faster than other G7 countries
UK growth forecast at 2.5 per cent to 3 per cent in 2008/09
Inflation will fall this year to 2 per cent (from 2.8 per cent)
For 2008/09 inflation forecast on target
Business investment growth forecast at 7 per cent
UK has closed productivity gap with Japan and Germany, narrowed it with America and halved it with France
UK has met "Golden Rule", with spending surplus of £11bn over economic cycle
Debt from 2007-08 to 2012 forecast at 38.2, 38.5, 38.8, 38.8 and 38.6 per cent - meeting second fiscal rule
Net borrowing expected at £34bn this year, up from £31bn previously estimated
Asset sales to double to £36bn
£6bn sale of student loan book
Counter-terrorism services to get extra £86m
Armed forces to get extra £400m this year
NHS to get £8bn more
Budget to be broadly neutral in fiscal terms
Investment in science to rise to £6.3bn
R&D tax credits to increase by £100m to spur high-tech innovation
£800m for environment transformation fund
New mortgages for green homes
Up to £4,000 for home insulation for pensioners
VAT reduced to 5 per cent for energy saving
£50m to save forests in Africa
Bio-fuel duty differential of 20p to be extended until 2010
No stamp duty on zero-carbon homes up to £500,000
Landfill tax to rise by £8 a year
No VAT on air travel
Pensions Financial Assistance Scheme up to £8bn, from £2bn
Pensioners tax-free allowance up to £9,770
Education "to become a right" for everyone up to age 18
The papers seem to be saying that he is incresing tax for the poor but trying to cover it up with the 2p drom in income tax. what do you think?