Budget 2013. Your hope and fears

[Funky_Gibbon]

Or..

 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8204623/Financial-services-sector-pays-most-tax-to-UK-Government.html

 

 

Financial services sector pays most tax to UK Government

The financial services industry regained its place as the largest individual contributor to Government finances in the latest financial year, according to figures from the City of London Corporation.

 

Taxes paid by financial services companies were worth £53.4bn in the 12 months to March, according to a City of London report produced by PricewaterhouseCoopers.

 

Is that with or without the QE money we gave them?

 

And of course they pay the most (if you exclude QE), they're the only sector that was protected from the effects of the economic nightmare they caused.

 

---------- Post added 20-03-2013 at 21:13 ----------

 

Here's the real story of the Budget.

 

http://blogs.spectator.co.uk/fraser-nelson/2013/03/budget-2013-some-scary-graphs/

[SpikeMac]

Budgets are quite specific. They are unlikely to turn round and go "ha, only kidding, we're dropping it to the below £5 that is was for the majority of time under labour".

 

Do you have medium term memory loss?

We've only just finished all of the U turns from last year's shambles of a budget.

[Supertramp]

take the blinkers off mate http://www.guardian.co.uk/commentisfree/2011/may/27/bankers-caused-crash-strangle-recovery rewarding failure to me

 

Their obligation is to their shareholders, they made them 7Billion pound profit and a 21% increase on their investment. That's success in anyone's book.

 

They don't have any obligation to the country to stop people getting into debt.

I will believe it when i see it

 

Did you miss the allowance rise last April?

[ricgem2002]

Their obligation is to their shareholders, they made them 7Billion pound profit and a 21% increase on their investment. That's success in anyone's book.

 

They don't have any obligation to the country to stop people getting into debt.

 

 

Did you miss the allowance rise last April?

i wonder how much profits the banks we own make ? people borrowing money is what makes the economy start to move even this gov know that

[Supertramp]

i wonder how much profits the banks we own make ? people borrowing money is what makes the economy start to move even this gov know that

 

But we don't own Barclays and we didn't bail them out. That is where your argument falls over.

[Ms Macbeth]

I will believe it when i see it

 

I think that one is a definite. The personal tax allowance for people of working age has risen noticeably under this government. When they took over it was £6,475, and its going to be £9,440 from next month. Just when I'm too old to benefit by it!

 

However, we over 65s already have a tax allowance of £10k+. The downside is that most of us don't have enough income to benefit from it.

[Vague_Boy]

Well it turned out to be far worse than I thought. That fool Osborne is trying to start a new housing bubble. This shows that his priorities are clearly [a] votes rather than reducing debt and government spending. (I guess I shouldn't be that surprised.)

 

Taxpayers will underwrite the mortgages of hundreds of thousands of home buyers and take stakes in newly built houses in a £15.5 billion attempt to stimulate the struggling economy

LINK

 

As The Daily Mash has it:

 

“The key difference this time is that I am making it much easier for people with no money to get a mortgage."

 

George, if you want to make houses more affordable, let prices crash. The problem is simple: PRICES ARE TOO HIGH.

 

Raise interest rates to their long-term average (5%) and that will do the trick.

 

But that would be [a] unpopular and triple the interest repayments on our ballooning debt.

 

So once again the hopes of the UK economy are being pinned on house prices.

 

Not making stuff or any such crap like that. We can leave that to the Chinese (China GDP growth running at 7.9%, UK 0.3%)

[truman]

Not making stuff or any such crap like that. We can leave that to the Chinese (China GDP growth running at 7.9%, UK 0.3%)

 

"Year-on-year, 53 out of the 70 major Chinese cities monitored by the NBS saw house prices rise by 4.7 percent in January, up from the 2.4-percent rise recorded in December."

 

 

http://www.globaltimes.cn/content/763589.shtml

 

"China’s official 7.8 percent economic growth for 2012 may have overstated expansion by twice the real rate,"

 

 

http://www.bloomberg.com/news/2013-02-05/eaton-ceo-says-china-gdp-report-overstates-growth-rate.html

[Manlinose]

Seems like a pretty good budget, nearly doubling the amount people can earn before they are taxed within the course of a parliament is very impressive. Rather suggests that all the stuff about the government not caring about low earners is a load of hot air from supporters of the last lot.

 

it shows the benefit of a coalition government as it was a libdem policy, not a conservative one

 

but it is certainly a step in the right direction

[Kidorry]

How is it that when motor fuel prices go up they start at midnight the same day as the budget but when they come down(maybe) we have to wait 6 months.