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    Budget results?

    ok havent been around much today,kids are hogging the tv so whats the budget results pls?

    A friend mentioned a xmas bonus she was hoping to recieve being on tax credits? is that for real? she only saw the pre budget tho

    11 Comments

    Don't think anything was mentioned on tax credits but there is a cut in VAT from next monday to 15%. Won't make a huge differencr but every little helps:)

    still trying to fully understand it myself.

    Original Poster

    a 2.5% drop on vat is that it? i guess ciggys and booze have gone up to take that into account then lol

    im just annoyed that food prices wont be reduced. even though inflation has plummetted food prices are still going up.
    child benefit increases are being brought forward to January instead of april.

    VAT drops to 15% from next Monday but Fags and booze go up 2.5%!

    So, we shall see which companies want to pocket the difference before passing the VAT cut.

    VAT drops to 15%, for about 12 months? But then taxes go up afterwards to pay it all back? :? Whats the point!?

    There's already a thread in Misc, going to Spam this one.

    Original Poster

    spam away!

    Banned

    birdyboyuk;3555659

    VAT drops to 15%, for about 12 months? But then taxes go up afterwards to … VAT drops to 15%, for about 12 months? But then taxes go up afterwards to pay it all back? :? Whats the point!?



    economics mate the way of the world

    dont you wish you paid more attention in class

    This is my cynical view in three bullet points.
    1.The prices will hardly change (if at all) and the shops will absorb the profit.
    2.Then the VAT goes up and the shop will increase prices and blame VAT.
    3.The consumers will get shafted

    birdyboyuk;3555659

    VAT drops to 15%, for about 12 months? But then taxes go up afterwards to … VAT drops to 15%, for about 12 months? But then taxes go up afterwards to pay it all back? :? Whats the point!?



    Seeing as how you asked; to improve cashflow for the whole country.

    Banned

    there was talk of a christmas bonus about a week ago i think but it never came to anything today
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