Reply to: Budget Thread

[Sysman]

Daily Mash

[Fred Bloggs]

Thanks.

[MrRobin]

Link please?

http://www.hm-treasury.gov.uk/d/junebudget_complete.pdf

1.94 To ensure that support will be focused on those on low and
middle incomes the Government will reduce the level of the basic
rate limit. The National Insurance Upper Earnings/Profit Limit will
also be reduced to keep it aligned with the income tax higher rate
threshold. Based on current Retail Prices Index (RPI) forecasts the basic rate
limit will be reduced by £2,500 and the higher rate threshold by £1,650
below plans the Government inherited. Exact figures will be confirmed in the
autumn. These changes will mean that higher rate-taxpayers will not benefit
from this measure.

[threaded]

South Asia?

German car makers are on the up because of increasing demand from India and China.

[lilelvis2000]

and go where?

South Asia?

[Sysman]

Yes, but the gap will be less & the experience might outweigh the extra cost for a few head teachers.

Good point. It sounds like a plan.

[Moscow Mule]

Won't the NQT lot also be there, also competing with a correspondingly lower salary?

Yes, but the gap will be less & the experience might outweigh the extra cost for a few head teachers.

[Fred Bloggs]

In the small print it mentions that the income tax band thresholds will be reduced by ~£2500 for the basic rate. I.e. the amount of divis you can pay before the extra 22.5% tax kicks in will be less (by around £1500)

Link please?

[threaded]

And in the small print, IR35
will now be abolished.

Hopefully the scum-bag civil savants that pushed for it, if they can't be fired, moved to less demanding positions. Like what they're doing at the MOD currently.

[MrRobin]

small print...

The 14.5% FRS rate for IT consultancy is confirmed - great!

In the small print it mentions that the income tax band thresholds will be reduced by ~£2500 for the basic rate. I.e. the amount of divis you can pay before the extra 22.5% tax kicks in will be less (by around £1500)

I knew there'd be something!

[Sysman]

How about taxing all this money thats transferred out of UK by western union etc.

Whats earned in the UK stays in the UK - new UK motto

Are you too young to remember currency controls?

Shudder. Don't want them back, no siree!

[moorfield]

And in the small print, IR35
will now be abolished.

[Green Mango]

In response, Alexander said "Meeee meee meeeee me me meeeee!"

Sounded more like Labour have cocked it up so badly we need to take VAT to 20%.

[TheFaQQer]

In response, Alexander said "Meeee meee meeeee me me meeeee!"

[TheFaQQer]

Danny Alexander is on Newsnight now.

Paxman just asked him whether all election promises are worthless because of the Lib-Dem U-turns on everything now that they are "in power".