Budget Day - 22nd April 2009

[Emigre]

Tipped "centrepiece" is Mandelson's car scrappage scheme. ie giving £2k for all cars over x years old that are scrapped provided they are replaced by a new one with a lower CO2 emission.

I guess MPs have complained about not getting new cars - after all, they are the only ones who can afford one.

[ASB]

So does that mean taxes will be done retrospective (albeit if only for 2 weeks)?

Strictly it is always retrospective since the legislation required to enact is the Finance Act.

[helen7]

New higher tax bracket of 60% for the super mega rich.....i.e. those who earn more that 50,000 a year.

Tax breaks and VAT free shopping for those on benefits.

[DonkeyRhubarb]

The problem with having a budget every year is that they feel compelled to keep coming up with something new. No wonder the tax system is so bloody complicated.

[NickNick]

New higher tax bracket of 60% for the super mega rich.....i.e. those who earn more that 50,000 a year.

Tax breaks and VAT free shopping for those on benefits.

I'd vote for it.

Bearing in mind that average pay is £479 a week. Top 10% are on more than £946 a week, bottom 10% less than £262.

That would mean that only the top 10% would be affected.