
Darling has promised a Budget to speed economic recovery by protecting jobs and spreading prosperity.
Opening his Budget speech, Mr Darling warned that Britain faced the most serious global economic turmoil for more than 60 years.
The key points of the speech were:
- 50% tax rate for earnings over £150,000
- Growth forecast revised down
- Borrowing increased
- £15bn 'efficiency savings'
- Clawing back tax relief on top earners' pension
- £2bn help for young unemployed
- £1bn to boost housing market
- Car scrapping scheme
What did you think of the budget? Has it done enough to help you? Are you going to be better off? Are you going to be worse off? Will it have an adverse or positive effect on your finances?








The only thing that will get this country back on track is common sense and not just bummbling sentences from gereactrics (Get some young blood in there)the only reason people flock to this tiny country is the hidious hands outs Tahts most of the probelm were the moneys gone Scrap all benifits unless you are disabled with proper proof,no dole, work for the council would save 6-10 people digging one hole and taking 2 weeks (Every one Knows wot i mean !!!) if unemployed. till another job comes along like some parts of europe ? ,stop putting exstremists in our prisons were we still pay for them kick them out and ban for life if they dont like our country get out!!! I was proud to be british now
i embarrased so say.
Last of all cant put it all down be here all day
All so called MP's should not get such privliges unless they earn them like us bet they dont have the tax that those high earners do. help the small bussines they say let see it then all these insentives theres a brick wall at the end of them all, Been there,
The money saved from
The real increases will happen after the election thta Labour still hopes to win. The only thing we can be sure of is that MP's pay, pensions and expenses will be safe.
The person on £150000 pa will pay a total of £49930 in tax and that is 18.4 times as much as the guy on £20000!
So, for only 7.5 times as much pay he will be paying 18.4 times as much tax !!!
"A fair society" my a....!
Take two people with the same basic allowances - one earing £20000 a year, the other £150000. Both will have the same tax-free allowance of £6475 and will then pay 20% on the first £37400 (= £2705 tax) The person on £20000 pays no more but the other guy pays 40% on the rest (=£42450 !)
That means the first guy pays 13.5% of his income in tax, The other pays £30% in tax. So, for receiving 7.5 times the salary of the lower paid guy, he pays 15 times as much tax!!
Doesn't sound very fair to me! (I have no axe to grind as I'm a pensioner on far less than £20000 pa!)
To Sue,
You've got me wrong my Dear.
It was you who suggested people were silly.
I was merely pointing out what happened to bring this debacle about.
No I am not suggesting the Banks have no fault in this matter.
Some of these people need sorting out, BIG TIME, it's a pity this lame Government haven't the courage to do do it.
No I am not suggesting that Gordon Brown (the best chancellor we've ever had, F**** H***) changed the rules in all countries: but he allowed it here, that is my point.
By the way he didn't have to change it in America were all this started, he didn't have to, they had already done so, under the incredibly intelligent, Bush.
If you allow Rats in your home my Dear, they will steal your food.
Now do you get my point.
You've got me wrong my Dear.
It was you who suggested people were silly.
I was merely pointing out what happened to bring this debacle about.
No I am not suggesting the Banks have bear fault in this matter.
Some of these people need sorting out, BIG TIME, it's a pity this lame Government haven't the courage to do do it.
No I am not suggesting that Gordon Brown (the best chancellor we've ever had, F**** H***) changed the rules in all countries: but he allowed it here, that is my point.
By the way he didn't have to change it in America were all this started, he didn't have to, they had already done so, under the incredibly intelligent, Bush.
If you allow Rats in your home my Dear, they will steal your food.
Now do you get my point.
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