Someone just sent me this... "Planned increases on the duties for beer, cider, wine and spirits cancelled - only important one" ... be nice to be able to consider that good news. I've not bought alcohol for at least 2mths because I can't afford to!!!!
It will help everyone because rich people will start riding horses down main street and will toss gold coins to every peasant they pass.
I know this is in jest, but its tory ideology at its best. Give the rich more money and we can afford to toss a few pennies down to you oiks. Can't you be grateful for anything.
Not going to lie, I'm fuming with this so called emergency budget. I've been struggling for a few months already, more fool me for thinking the Tories might actually do what they said they would and help the struggling
Indeed. The 80's idea of trickle down economics that rich people being richer will help everyone because they will use that money to hire more goods and services from the poor. Been shown time and time again in different countries, cultures and societies, that it doesn't actually happen. As poor people get more money, they spend more money, helping the economy. As rich people get more money, they save it, squirreling it away. Spending on stocks, gold, fine art, and other "investments", money pools that don't actively help (but depress the economy by preventing movement of money). A poor person buying a bicycle helps the economy more than a rich person investing his money in gold. If you want to help the economy as a whole you give the money to the poor because they'll use it to buy real goods and services. Even rich people gain from poor people getting money, because they will spend their money on goods produced by the factories that the rich own.
Thats a decent tax break for garlic. for the rest of us i supose something is better then nothing. Like.... 19% rate is actually very low. go talk to nozzer about tax rates. 37.7% on average (federal so each state has own )
The 1% income tax reduction is only maximum benefit of £375pa if you earn £50k pa, obviously less if you earn less. This is only for 6mths too so figures need halving. Remember the first £12,500 is tax free anyway (for most) Basically, you've got to be earning it to benefit from the 1% reduction too
well this is true, I have no idea what the effect of the scrapping of the 45% rate for the high earners actually has for garlic. maybe he gains 20k i dunno.
Scrapping the 45% makes no difference to cost of living, it's just Tories looking after themselves and their mates. Same with reducing corporation tax (not in all cases though). The effect is unknown really, depends what you earn. PS...I obviously recognise you're joking about Garlic but I'm still fuming so ignoring it
Sorry I thought we were all in the over 150k bracket here so it was good news…. I think i read the room wrong
Up the tax free threshold to £14k Up the 40% threshold to £55k Bring the 45% threshold down to 100k And make 50% for anything over 200k