poshnbucks

In an embarrassing U-turn, Chancellor Alistair Darling said he was increasing individual tax allowances by £600 for this financial year to offset the fallout from last year's Budget.Well not only the pensioners but everyone who gets/earns up to 40000 or just over so its cost em dear me hearties about two n half billion and change I can hear old Blair letting out a snigger from behind his copy of his wifes memoirs Anyway break out the cava Oh and send a bottle to Frank Field and the other rabbles.....sorry rebels. Also those people on winter fuel allowance would get an extra fifty squid.The increased personal allowance will apply to all income for this tax year and back dated to April 6.As a result, from September, basic rate tax payers will see a one-off increase in their monthly income of £60 and an increase of £10 per month for the rest of the financial year.There appears to be room for a little more cash in the next autumns budget ......... So has Darling bought your vote me little Expats now we are all Cava Socialists:curse: The only Darlings I like are in Dirty Sexy Money Thats the best thing on TV at the momento give it a look at channel 4 at 9m Friday

XTreme

So there's an election on the way then?

poshnbucks

[QUOTE=poshnbucks;6346743]In an embarrassing U-turn, Chancellor Alistair Darling said he was increasing individual tax allowances by £600 for this financial year to offset the fallout from last year's Budget.Well not only the pensioners but everyone who gets/earns up to 40000 or just over so its cost em dear me hearties about two n half billion and change I can hear old Blair letting out a snigger from behind his copy of his wifes memoirs

You income now should look like this...£5,400 – £6,800. People in this income bracket will be better off than they were before the 10p rate was scrapped last month, especially those with children. It means they can claim more tax credits.

£6,800 – £10,000. While better tax credits will help families take home more money than they were before the 10p rate was scrapped, single people here will be worse off by about £30 a year.

£10,000–£41,000. Most will be at least £120 a year better off than they were before the 10p rate was scrapped. Furthermore, while those earning above £12,000 received a boost from the tax changes in April, single person on £32,000, for example, will be £452 a year better off.

Above £41,000. No difference. But this income bracket will still retain the benefit that they received from the scrapping of the 10p rate last month – leaving them £292 better off a year. I'm alright then

There is a promise of more cash to buy your vote in the autumn budget

leighbloke

Is that right? I didn't think I was any better off?

Mitzyboy

What the lord giveth ..... he taketh away




................ eventually

You think you're better off now pro rata than you were when Labour came to Government?

leighbloke

You jest surely?

Mitzyboy

You think you are?


(And dont call me Shirly)

leighbloke

Hell no, I've had two promotions, about a 40% real terms increase in that time - and feel only slightly better off.

Mitzyboy

Stealth Tax




They're very good at it.

leighbloke

Don't know if it's stealth tax or not but I never saw it coming.