Budget 2012

[davetza]

Hopefully the turnover tax will be implemented in a similar way to the way it is done in South Africa. The maximum turnover tax is under 5% and you don't have to register for VAT either. You can aslo opt in or out of it. More details here

South African Revenue Service - Turnover Tax

[BigTime]

What time though?

He was on BBC News channel soon after the budget ended. Can't remember anything he said to take note of.

[original PM]

Where did I say he should run the company? I was talking about his response he ridiculed the budget and was quite funny too. He is a politician not a economist so he is going to try and score points, which he did and scored many.

I do not want some weasly fu<ker trying to score points like its a fooking playground game running this country.

It is very easy to sit and be a smarmy tw@ and point out other peoples failings and errors.

It is pointless bollock juggling di<ks like you playing games which is bringing the country to its knees

now foad.

[TimberWolf]

Independent Office for Budget Responsibility (OBR) revises up UK growth forecast for 2012 to 0.8% - from 0.7%.

Near enough zero then, and last year had been forecast to be 2 or 3%?

Forecast for 2013 is 2%, for 2014 is 2.7%, and in each of the two years after that 3%.

Heard that one before.

Eurozone growth forecast for this year revised down from 0.5% to -0.3%.

UK inflation forecast to fall from 2.8% this year to 1.9% next year.

[SimonMac]

Dear Lazy Web, I can't be arse reading the whole thread, whats the key points for us please

[DimPrawn]

Dear Lazy Web, I can't be arse reading the whole thread, whats the key points for us please

It's all a load of dull

HTH BIDI

[oscarose]

Dear Lazy Web, I can't be arse reading the whole thread, whats the key points for us please

See posts 3&6.

[amcdonald]

Dear Lazy Web, I can't be arse reading the whole thread, whats the key points for us please

Beatings will continue until you pay us more tax

[AtW]

Beatings will continue until you pay us more tax

WHS

Osborne has conclusively proved that 50% tax band does not bring as much revenue and in fact can be very negative but he will only cut it next year

It only makes sense from one point of view - everybody in that band who can possibly defer income until next year would do so and Osborne next year will be able to show how much worse 50% tax collection was yet again to justify further moves, possibly to 40% in fifty years.

[lilelvis2000]

WHS

Osborne has conclusively proved that 50% tax band does not bring as much revenue and in fact can be very negative but he will only cut it next year

It only makes sense from one point of view - everybody in that band who can possibly defer income until next year would do so and Osborne next year will be able to show how much worse 50% tax collection was yet again to justify further moves, possibly to 40% in fifty years.

Yeah C4 reported that £18bn was moved forward to escape the tax increase. and no doubt will move £6bn to next year to escape the rest. had they let it stay on for a few years we've know more.

Overall a crap budget for the average person. a few pence given in one hand, a few pounds taken in the other hand. And high inflation created by the printing of money. What a wonderful place the UK have become.