Budget 2021: 10 ways Rishi Sunak's speech affects you
04/03/2021 | news | business | 1,163
Chancellor Rishi Sunak's Budget is packed with policies that will affect your finances. Here is a guide.
1
03/03/2021 14:43:12 4 18
bbc
Weak, I'd say.
2
03/03/2021 14:47:15 342 35
bbc
Could be a lot worse given the year we've had.
40
03/03/2021 14:57:48 146 386
bbc
Could’ve been a lot better, too. But hey ho, you get what you voted for.
128
03/03/2021 15:10:46 23 6
bbc
Yes, individuals and companies may have been required to pay for all the hand-outs now instead of piling on the debt for decades to come.
303
03/03/2021 16:07:45 44 9
bbc
Sort of left Labour with nothing to moan about ...
391
03/03/2021 16:39:06 23 13
bbc
They are spitting teeth over on the Guardian, their brains are boiling that Rishi has put in place sensible policies. They resort to personal insults. Demonstrating to us all that the left has lost the argument.
985
04/03/2021 08:44:42 1 0
bbc
You believe this, do you ?
3
03/03/2021 14:47:42 57 24
bbc
I hope that the younger generation have strong shoulders for what they are going to have to support.
33
03/03/2021 14:56:55 151 25
bbc
No different from the generations that had to shoulder the burden of debt after two world wars.
512
03/03/2021 17:37:22 6 3
bbc
Everyone comparing this to the debts of ww2 are missing a crucial point. There was a considerable period of growth and benefits to the collective and individual to be had at that time. This time young people will be left to scrounge around for scraps then somehow pay off a huge debt from that
614
03/03/2021 18:28:25 1 7
bbc
well at least they will now be able to buy a home!
4
03/03/2021 14:47:49 6 1
bbc
Will be interesting to see if Wales extend the stamp duty holiday - would be impossible to agree to the same dates though !
5
03/03/2021 14:48:05 23 31
bbc
The budget will have little effect on the super-rich though.

They are the people who REALLY benefit from an Evil Tory Government.
16
03/03/2021 14:53:39 12 16
bbc
blah blah super-rich blah blah Evil Tories blah blah
22
03/03/2021 14:55:27 5 1
bbc
HAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAH........... oh wait....you're serious.
26
03/03/2021 14:56:00 6 1
bbc
Are you a five-year-old? Surely that is the age group that goes round saying things are 'evil'.
61
03/03/2021 15:00:48 2 0
bbc
They'll benefit from any government. The world is run by the banks not governments.
6
03/03/2021 14:48:31 23 10
bbc
My prediction is that by 2023 tax as %GDP will not be any higher than the last few years. Only proven way to increase tax long term is to grow the economy and not seeing much about that, other than leave it to market
87
03/03/2021 15:04:01 18 2
bbc
The markets took over the world economy in the 1960's. Governments just tinker within the restraints the market allows them.
145
DrR
03/03/2021 15:15:18 0 4
bbc
Absolutely, putting up corporation tax will make everything in the [UK] shops more expensive and just encourage buying from overseas. Nice one Rushi.
619
03/03/2021 18:30:55 0 0
bbc
OOOH I spot the armchair HYS expert!!!

Wheres my free vaccine?
7
03/03/2021 14:48:58 23 23
bbc
So the super rich escape again.
46
03/03/2021 14:58:42 8 9
bbc
Are you riddled with envy?
8
03/03/2021 14:48:58 239 41
bbc
Fair budget given the constraints
99
03/03/2021 15:06:05 249 70
bbc
labour flapping to complain....but couldn't find anything.
490
03/03/2021 17:30:58 2 1
bbc
What was in the Budget that was worth billions?

Freeports aka Chartered Cities.

They will be privately run areas of the country in which the governing system is defined by the city's own charter document rather than solely by general law. So general laws on tax, pay, employment, benefits etc do not apply.

Who benefits from this?
9
03/03/2021 14:49:44 11 14
bbc
Nothing being given back like a tax break for all the essential workers who've been paying tax and working through it all
38
03/03/2021 14:57:31 9 4
bbc
It would have been nice. I'd have rather been on furlough for the last year than out there putting myself and my family at risk for very little money and even less appreciation.
51
03/03/2021 14:59:28 7 0
bbc
For most people it's swings and roundabouts. Many of the 'essential workers' have had a very hard year, long hours, no leave, risk of infection etc...

But, many others have also had a very hard year, low income, lack of job security, worries about paying the bills, all whilst being imprisoned in their homes.

There are some winners (and some losers), but they are both few and far between.
10
03/03/2021 14:49:47 142 8
bbc
No real surprises there! Remember when Budget Day used to come with a few twists and turns we weren't expecting? Now the details are pretty comprehensively leaked in advance. Like most other Government decisions, to be honest.
80
03/03/2021 15:00:31 57 9
bbc
Gives them a chance to change it if people complain. #leadership
152
DrR
03/03/2021 15:16:50 2 3
bbc
Yes more leaks than Southern Water.
Mind former royals are at it as well.
156
03/03/2021 15:17:51 7 6
bbc
Aha! Have you forgotten that everything came out over the weekend?

This Government is so beholden to its pet Press that their part of the deal is that Telegraph, Times, Sun, Mail, Express get policy decisions ahead of announcements in Parliament.

So, the Budget has appeared almost in full already. Any surprises and the press would would be less effusive. Not the way to run a country, mind...
11
03/03/2021 14:49:50 166 58
bbc
fair,focused, pragmatic, realistic I'd say
66
03/03/2021 15:01:22 60 124
bbc
Focused? Now there’s a sound bite. In the mean time, this budget shows a complete lack of ambition and daring. Look at what Biden in the States is putting in.
69
03/03/2021 15:01:32 12 22
bbc
Sunak says he is supporting the vulnerable and those most effected by Covid. But he is not talking about the disabled who account for 60% of Covid deaths or carers. He is talking about supporting the unemployed on UC, the self employed, furloughed workers and businesses with extra money. With those on legacy benefits mostly disabled people and carers excluded from support again. Suffering poverty
598
03/03/2021 18:20:06 9 1
bbc
What was in the budget?

Increases in Corporation tax to make Chartered Cities (Freeports) more attractive.

Extended furlough to hide rising unemployment from Covid and leaving the Customs Union and Single Market.

Low deposits buyers will be able to borrow more for the property the only winners will be the sellers who will get an higher sale price and the banks as the larger loans are paid back.
12
03/03/2021 14:51:28 3 12
bbc
You gotta pick a pocket or two boy!
You gotta pick a pocket or two.
13
03/03/2021 14:52:06 129 71
bbc
Very reasonable and fair to the majority of people.... can we stop with the ‘make the rich pay for everything memo though’???
24
03/03/2021 14:55:43 75 18
bbc
Not heard that here, is it the same as make the rich pay the same as everyone else?
280
03/03/2021 15:51:55 8 4
bbc
Especially as peoples definition of rich is different, i earn the same as some couples, (50k) but my wife doesnt earn anything and I cant get any tax breaks or benefits from it (including having to pay back ALL the child tax credit each year), so my family is always worse off than a couple working and earning a lot less.

Family taxation like america would be so much better in Houseperson houses
400
03/03/2021 16:44:36 8 3
bbc
What do we do, get the poor pay for everything while the rich keep all their money?
Or maybe just make everyone pay a proportionately, which means yes the rich pay more, because they have more. I'm not complaining.
432
03/03/2021 17:02:05 8 4
bbc
So you don't want Starbucks, Amazon etc to pay their fair share of tax?
500
03/03/2021 17:33:35 6 8
bbc
THIS! I pay an absolute bomb in tax. Last month alone was £5.7k on income tax, £650 on NI.
It's a real disincentive to work your way up the ladder to know that more and more of your money goes to fund those who don't both and sit on the bottom rung.

I actually don't mind paying all that tax but I do mind where it goes.. I want everyone to do better. For all our sakes.

Lotta poor angry folk tho!
988
04/03/2021 08:48:00 1 0
bbc
? They shouldn't pay 'their' share ? Sounds very tory to me . . .
04/03/2021 19:42:53 0 0
bbc
Only the rich
Cue the ' this is bill gates fault' fools..... Removed
39
03/03/2021 14:57:43 8 0
bbc
Of course it's his fault, it's his microchips inside me. Every time I wake up, I get that damned Windows tune stuck in my head!
249
03/03/2021 15:40:06 0 0
bbc
I had the jab this morning before the budget - now I can't work out if it is the jab or the budget that is affecting my ability to operate Bill Gates software ...
Possibly I need a reboot or a patch to reprogramme those parts other beers can't reach.
15
03/03/2021 14:53:08 5 9
bbc
Needed at tax on internet and TV station sales. Their profits are up due to covid and the number of vans doing deliveries has increased, more pollution. Maybe extra vat on such deliveries.
5
03/03/2021 14:48:05 23 31
bbc
The budget will have little effect on the super-rich though.

They are the people who REALLY benefit from an Evil Tory Government.
16
03/03/2021 14:53:39 12 16
bbc
blah blah super-rich blah blah Evil Tories blah blah
60
03/03/2021 15:00:45 1 2
bbc
You should really get mummy to teach you more words...or just stick to the colouring in book.
17
03/03/2021 14:54:03 370 56
bbc
If he wants to get the money back, charge Amazon, Starbucks etc, the correct tax on the profit they make in the U.K. bring back road tax and include electric cars in this , freeze MP and local councillors salaries for 5 years ! Bring in a £5 flight tax for all sir passengers whether internal or international flights ! A good few other ways as well without hitting the low paid !
23
03/03/2021 14:55:33 45 41
bbc
Air not sir !!!
50
03/03/2021 14:59:00 30 3
bbc
Already have air duty. Exceeds £5.00 by a mile.
71
03/03/2021 15:01:57 28 1
bbc
Road tax? If you mean VED, that hasn't gone away.
112
D
03/03/2021 15:07:53 29 9
bbc
Yeah why not let’s kick aviation while it’s down. It’s not like it contributes anything to the economy except for the 300,000+ highly skilled, often highly paid jobs and £22bn towards GDP.

Btw Air Passenger Duty already exists and is between £13 and £180 for normal flights, more for large private jets.
138
Bob
03/03/2021 15:13:22 26 0
bbc
Air Passenger Duty exists and is one of the highest rates going. £13 for short haul economy tickets. £26 for first class (defined by seat pitch). This goes up to £180 for long haul.

The actual fare portion of a long haul flight can be as little as £1. The rest are taxes and surcharges.

Vehicle Excise Duty never went away.
146
03/03/2021 15:15:38 28 7
bbc
The companies you identify pay the correct amount of tax as dictated by UK TAX LAW. Change tax law if required but stop blaming business for working to the limits of the rules. It's a Populist statement and nothing more. The rest of your points are for me, valid.
148
03/03/2021 15:16:12 7 1
bbc
It affects everyone including low paid- as it should as a proportion. Those better off obviously affected more harshly but the idea that some get off ‘Scot free’ flies in the face of ‘in it together’ sorry takes a hit
160
03/03/2021 15:18:16 36 16
bbc
And cancel HS2. It's absolutely unbelievable that it's still going ahead.
168
03/03/2021 15:20:45 23 10
bbc
Even if Amazon et al paid the 'correct' tax, it's not going to amount to £280BN is it? Road tax never went away, and is high enough thank you very much - have you seen the state of our roads? They are genuinely third world standard. MPs keep trying to freeze their pay but they don't set it neither does the govt!!

People who don't know basic facts should learn to keep quiet.
189
RPH
03/03/2021 15:24:35 9 3
bbc
TO be fair, most cyclist-bashers don't realise the road tax ever went away: "Cyclists should pay road tax"
230
03/03/2021 15:33:35 8 5
bbc
Motorists are already taxed beyond oblivion.
318
03/03/2021 16:13:20 2 1
bbc
Most of them would effect the poor you plank...
369
03/03/2021 16:28:39 2 5
bbc
Why should ppl flying have to pay even more taxes?
388
03/03/2021 16:39:22 17 0
bbc
Amazon and Starbucks do pay the correct tax they make on profits in this country. The problem is that this profit has already been manipulated, by the UK company being charged fees by companies in countries with lower tax rates. It is this that HMGov need to tackle, as well as the lower cost of running warehouses and websites, compared with High St outlets.
413
03/03/2021 16:50:12 7 0
bbc
You do know that many of the high street fast food chains are actually franchises and not directly the companies e.g. MacDonalds, Burger King, Starbucks, Costa.
427
03/03/2021 16:57:06 6 0
bbc
Totally agree but we can also all vote with our feet with this one, use local businesses even when online you can check out where the internet company is based. It has never been more pertinent to put money into our local economy. :-)
465
03/03/2021 17:20:29 6 4
bbc
One of the reasons most MPs are so uninspiring is that the pay is not good enough to attract high flyers in other professions. Freezing salaries will only make it worse.
554
03/03/2021 17:57:03 4 0
bbc
They do pay the correct amount, you must mean is that you think they should & can afford to pay more. You may well be right but no government in recent times, including Labour seems to have an appetite for tax reform. If you think "road tax" has stopped (it's changed name to VED but it's substantially the same, just higher), then it indicates you don't own a vehicle which is taxable, lucky you.
612
03/03/2021 18:27:16 2 2
bbc
If you taxed Amazon @ 100% of their turnover that would net you just under 20 billion, doing the same with google would give you another 2 billion. So simple question where are you going to get the rest from?
719
03/03/2021 19:37:07 2 4
bbc
nullify the benefit bill; the UK will be able to pay off COVID debt before 2025. I cant imagine that 22.5% of my tax is used for making benefit payments.
735
03/03/2021 19:59:50 3 0
bbc
How about reclaiming furlough cash from Foreign firms that don't pay the fair amount of tax on turnovers.
IE Boots (Allgreens) took money then closed 50 Optician branches that were closed whilst many small local Opticians stayed open at a loss to serve their key workers and patients with eye problems.
770
03/03/2021 20:55:49 2 0
bbc
Bring back "road tax"? Explain...
833
03/03/2021 22:24:38 2 2
bbc
New VED tax for pushbikes and mandatory cycle insurance for over 18's.
He missed an opportunity there.
880
03/03/2021 23:42:18 0 1
bbc
The UK is semi tax haven, taxing the rich here will never work as the bankers/solicitors have their "discretion". The Government has and will always tax the PAYE workers, the self employed will continue to get tax discounts to keep entrepreneurship going.
954
04/03/2021 07:36:07 3 0
bbc
Amazon and Starbucks pay the correct tax for this country. That's not the issue. It's how they can move 'profits' to lower tax countries by charging 'consultancy / license fees ' not illegal but immoral, very different
04/03/2021 11:08:40 0 0
bbc
I think Cammy26 was drunk or smoking something illegal when they wrote this.....?!!
04/03/2021 11:49:40 0 0
bbc
The UK tax on flights is already the highest in the world.
04/03/2021 12:18:12 0 0
bbc
Well with Corporation Tax set to rise to 25% in 2023, you will probably find more companies coming up with schemes to avoid paying an increased rate, more offshoring, relocating functions to Europe etc. Though an online sales tax on new goods would help in levelling the playing field a bit.
04/03/2021 12:33:27 0 0
bbc
Do the millions given to unfulfilled contracts for PPE supplies get paid back?
AA
04/03/2021 12:59:47 0 0
bbc
Rubbish. Taxing Amazon etc will lose us more than we gain when other countries do the same to BP, Shell, AZ and GSK etc. We all pay 'road tax' - it's part of the Council Tax (not that you'd know by the state of the roads) and motorists have VED on top of that if they pollute. And our 'flight taxes' are among the highest in the world. Making everyone worse off doesn't make the country better off.
18
03/03/2021 14:54:06 10 17
bbc
As I predicted yesterday in HYS, the Chancellor never mentioned OAPs or the elderly at all. We do not exist. Personal Allowances frozen and that is on top of the Higher Personal Allowance for the over 65s being abolished ten years ago. It was 45% more than the single Personal Allowance. He did not even fund the free TV licence for the over 75s. All the help is for those who seek to make money.
48
03/03/2021 14:58:57 6 3
bbc
We are the forgotten ones. As he was speaking, a letter arrived t inform me, my stake pension will be going up by £3.50 from next month. Wow. I'm in a quandary now what to spend this windfall on.
52
03/03/2021 14:59:47 2 2
bbc
What pay to support those that have been hit the least by this crisis and have those that are hardest hit pay for it? No thanks
63
03/03/2021 15:01:05 2 0
bbc
Freezing the personal allowance for years is going to take back the previous increased allowances.
110
03/03/2021 15:07:39 4 5
bbc
Over 65s were twice as likely to vote Leave in the Referendum.
As voting age increases, voters proportionally more likely to vote Conservative.
To quote another group of pensioners, It seems that "you can't always get what you want"
Tories don't like the "Lefty" BBC, so they withdrew the extra funding, but implied it was the fault of the BBC.
Turkeys for Christmas anyone
199
03/03/2021 15:27:06 3 3
bbc
We all have 40-50 years of working life to sort out our finances for retirement. We already get very generous tax relief on pension savings so why should an over 65 with lower outgoings get a higher personal allowance than say a 30 year old with family to support? We have a system that supports those unfortunate in health, but the rest of us need to plan ahead and take financial responsibility.
19
03/03/2021 14:54:16 183 60
bbc
Germany; the most advanced economy in Europe has rent controls. Why is this issue considered so contentious in the UK? A disportionate amount of people in the UK make a living whilst adding very little value to society by just sitting on assets and gaining from capital appreciation and parasitic rental income.
35
03/03/2021 14:57:02 132 61
bbc
For some people (not me) they have saved for a property to rent out to give them retirement income. Not everyone gets a company or public sector pension.
36
03/03/2021 14:57:04 34 18
bbc
Because the Tory party is full of landlords or landlords who make donations to the Tory party
45
03/03/2021 14:58:28 36 9
bbc
Because we have a Tory government, the majority of BTL owners are inherently Tory. Many smart people have said sorting out the extortionate rent prices will free up disposable income and stimulate the economy. They just won't do it at their own expense
75
03/03/2021 15:02:51 24 28
bbc
Do away with rented accommodation then, then what?
Thousands with nowhere to live, or perhaps the property owners should let everyone rent free???? Nonsense
86
03/03/2021 15:03:54 25 11
bbc
Because some other countries have a culture of caring for everyone in scoiety while still having a captialist economic system. Here, we just virtue signal about it.
131
03/03/2021 15:11:21 21 9
bbc
When this country had rent control, it worked for those already with tenancies. But no-one built any more to rent, landlords did not repair properties with sitting tenants, people had to pay key-money if they could find an unfurnished rental, and the policy in the end led to shabby housing and people being pushed to buy who couldn’t really afford and couldn’t cope.
177
03/03/2021 15:18:45 21 2
bbc
Berlin is one year into its five-year rent freeze.
A survey published last week by property ad portal ImmoScout24 found that while average rent has dropped in the past year by 7.8%, the number of new flats on the market eligible for a rent reduction had dropped too — by some 30%.
An average of 214 people answered each rental advert in January 2021, compared to 128 in the same month last year.
217
03/03/2021 15:30:20 9 1
bbc
Independent of whether or not the rent control policy is lawful, however, economists are unanimous in their assessment that it will not solve the fundamental problem of the Berlin housing market. Rental trends in Berlin, like elsewhere, are determined by supply and demand.
229
03/03/2021 15:33:21 5 1
bbc
You mean getting a return on their investment???
236
03/03/2021 15:35:34 5 2
bbc
You don't mention that they have a much higher productivity level per worker. We are near the bottom of that league table
238
03/03/2021 15:36:14 15 6
bbc
So by renovating properties and making them habitable, employing many tradesmen and trades, maintaining and insuring those properties, borrowing to invest in the first place and subsequently renting them to people who do not wish to buy them I am adding no value and sitting on assets? Ok gotcha.
298
03/03/2021 16:02:09 12 4
bbc
Rent controls will reduce the amount of property available for rent.....thereby making the housing shortage worse....
350
03/03/2021 16:24:53 11 1
bbc
In New York no one would move out of a rent controlled flat, it just helped the fortunate few not the housing market as a whole.

Others have already commented on Berlin.

It's one of those things that sounds good but there's lots of unintended consequences.
352
03/03/2021 16:25:49 9 5
bbc
It is too simple to demonise landlords. There is a need for a fair balance between landlords and tenants. Fewer people buy a home in Germany.
407
03/03/2021 16:48:22 4 3
bbc
And Buy-to-let stuff went completely out of control when you could get a mortgage, interest only on the property, no security other than the property itself because the assumption is that it will always increase in value.
The situation we are now is low interest rate, very high LTV and the potential of people being repossessed with as little as 0.5% increase. That is bonkers by any margin.
527
03/03/2021 17:43:55 9 1
bbc
I have saved for 30 years to buy a flat to rent as income for when I retire in 12 years, I rent it for a reasonable amount and my tenant is happy with the arrangemnt, they needed a flat and it works for both of us.
559
03/03/2021 17:58:29 5 2
bbc
Nearly half the people rent in Germany. Also over 50% live in flats. It is not seen as important to have a nice house and garden, or indeed a sense of humour.....
571
03/03/2021 18:04:54 3 2
bbc
If you can't beat them, join them.

So why do think the last Labour government didn't introduce rent controls? They were in long enough to have done a whole host of things, but instead invented false intelligence reports and indulged in if not illegal, ill judged wars on a false pretext and charged for degrees.
746
03/03/2021 20:27:23 6 2
bbc
And those on the welfare state who pay n o tax when the total of all benefits are above tax threshholds are laughing at us
814
03/03/2021 21:54:57 7 0
bbc
Like many, I bought property out of my already taxed earnings, so that I had a pension over which I had control. This following the collapse of Equitable Life that saw a close friend lose his pension entirely. The rent barely covers the mortgage and maintenance but will one day pay me an income. Nothing parasitic there.
920
04/03/2021 02:28:33 2 0
bbc
Build proper council houses with 100% UK-made materials that last 100 years, with solar panels made in the UK on every roof and clever insulation. It'd be a steady income for local councils too. All this only started when they sold off council housing. All the housing benefit now goes straight into the pockets of private landlords. Socialism for capitalists. Crazy as hell.
994
04/03/2021 09:11:13 1 0
bbc
Why do you believe that Germany is the most advanced economy in Europe?
Rent controls reduce the availability of houses to let, owners will sell. What we need are very many more private sector houses to rent. when supply exceeds demand rent prices will fall
04/03/2021 12:24:25 0 0
bbc
Why not have food price controls? Or petrol price controls? Or clothing price controls?

Pretty much all economists agree that price controls on anything only serve to reduce the amount of it. As the private rental sector has grown to accommodate the needs of several million migrants over the past 20 years, where would you have them stay?
20
03/03/2021 14:54:51 11 11
bbc
the chancellor giveth in one hand and taketh away in the other hand,,, better than any magician on Britain's Got Talent
21
03/03/2021 14:55:18 10 19
bbc
I am self employed, worked every day for the last year keeping the country moving and now doing probably 5 to 6 hours extra per day for no additional money and this is the reward. Lifelong Tory supporter but no more. Now looking to close my business in UK and become salaried. Waste of time and effort being self employed these days. Stifling business and creativity.
5
03/03/2021 14:48:05 23 31
bbc
The budget will have little effect on the super-rich though.

They are the people who REALLY benefit from an Evil Tory Government.
22
03/03/2021 14:55:27 5 1
bbc
HAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAH........... oh wait....you're serious.
17
03/03/2021 14:54:03 370 56
bbc
If he wants to get the money back, charge Amazon, Starbucks etc, the correct tax on the profit they make in the U.K. bring back road tax and include electric cars in this , freeze MP and local councillors salaries for 5 years ! Bring in a £5 flight tax for all sir passengers whether internal or international flights ! A good few other ways as well without hitting the low paid !
23
03/03/2021 14:55:33 45 41
bbc
Air not sir !!!
73
03/03/2021 15:02:29 7 2
bbc
Sir passengers - ahh, that takes me back...
241
03/03/2021 15:36:35 5 0
bbc
No right first time. Catch all these civil servants with cheap knighthoods.
It's a sir-charge! :D
606
03/03/2021 18:24:44 0 1
bbc
AIR is taxed... it's called Carbon Taxation.
922
04/03/2021 02:37:40 1 0
bbc
You presumably don't realise air travel is already taxed at far more than £5 per flight...
13
03/03/2021 14:52:06 129 71
bbc
Very reasonable and fair to the majority of people.... can we stop with the ‘make the rich pay for everything memo though’???
24
03/03/2021 14:55:43 75 18
bbc
Not heard that here, is it the same as make the rich pay the same as everyone else?
58
03/03/2021 15:00:36 22 9
bbc
If you actually check the rich pay the vast majority of the tax revenue in the UK.... people wanted the lockdown now let’s pay for it.
143
Tom
03/03/2021 15:14:47 18 3
bbc
I think they would be delighted as the top 1% of earners already account for over 1/3 of total income tax receipts.
327
03/03/2021 16:16:36 8 6
bbc
If the rich paid the same as everyone else where would the missing money come from? the rich pay far more per head than "everyone else"
25
03/03/2021 14:56:00 11 6
bbc
So corporation tax will increase to 25% - cue more companies fiddling their tax bills by registering off shore.
5
03/03/2021 14:48:05 23 31
bbc
The budget will have little effect on the super-rich though.

They are the people who REALLY benefit from an Evil Tory Government.
26
03/03/2021 14:56:00 6 1
bbc
Are you a five-year-old? Surely that is the age group that goes round saying things are 'evil'.
27
03/03/2021 14:56:14 16 6
bbc
What did you want him to do
621
03/03/2021 18:32:48 9 2
bbc
This is HYS, so

zero PAYE tax
£100,00 for all
100% tax on amazon
free fuel
free NHS
no council tax
free beer........
28
03/03/2021 14:56:19 16 12
bbc
The super rich are just that super rich it doesn't matter to them one bit if they got taxed more they would still have a bank balance that only needs a quick look at to see oh I'm okay don't have to worry about a thing as for the vast majority who are constantly looking over finances to see any daylight .
But they should of tackled this before now and the super rich companies as well
29
03/03/2021 14:56:05 6 16
bbc
We need a government of all party national union to get us through these extraordinary times with a promise of a general election in two years (provided Covid 19 has been managed).
30
03/03/2021 14:56:22 15 14
bbc
2.1 Trillion in Debt, yet the Lords is still going strong as is the subsidised bar within the House of Commons!

I feel for my children and their children, and their children.
57
03/03/2021 15:00:23 10 7
bbc
Your comment about the economy is valid, but how else would you tackle it?
You ask a cogent question and then spoil it by adding in a whinge about the subsidised bar, which incidentally is used by civil service support workers too, so what? I couldn't care a jot about the subsidised bar, you must be a Labour voter.
65
03/03/2021 15:01:20 2 2
bbc
The bar in the Commons has been closed for months, keep up.
120
03/03/2021 15:09:02 3 1
bbc
We were the modern equivalent of £5 trillion in debt after the WW2, it's a meaningless figure people get hung up on as we effectively owe the money to ourselves. No government would every consider paying off its debt as at the very least it would turn many pensions into little more than cash accounts.
31
03/03/2021 14:55:29 219 15
bbc
Could have recommended to the house, that MP’s vote against all their own pay rises until 2026.

In it together, and all that.
114
03/03/2021 15:08:05 34 9
bbc
IIT&allthatjazz. Wasn’t that David Cameron, the man who turned out not to be for all seasons?
295
03/03/2021 15:58:58 3 4
bbc
Not a cat in hells chance ...I'm alright jack
588
03/03/2021 18:12:22 2 0
bbc
Have a search online for "Hancock takeaway bill"....
04/03/2021 12:02:43 0 0
bbc
They can't/don't vote for or against their pay rises; these are decided by an independent body. They can however decline to accept the rise and give it away
32
03/03/2021 14:56:45 51 7
bbc
Should have extended the green bond to other projects. People have billions stashed away they can't get more than 0.1% on.
108
03/03/2021 15:07:25 27 4
bbc
If this bond is similar to previous exercises, the bonds are likely to be limited to something like £3k so not going to help those with savings.
425
03/03/2021 16:54:46 1 0
bbc
Nice idea and I'd look at it, but the simple truth is the Govt doesn't need the money from the general population; certainly not at return > than 0.1% as they can have it 'created' by the BoE and passed through the retail banks, or raise it through gilts at almost zero%; though there has been recent pressure upwards on those values in fairness. We will pay for this over generations ; that's normal
3
03/03/2021 14:47:42 57 24
bbc
I hope that the younger generation have strong shoulders for what they are going to have to support.
33
03/03/2021 14:56:55 151 25
bbc
No different from the generations that had to shoulder the burden of debt after two world wars.
219
03/03/2021 15:30:38 21 4
bbc
Well said
240
03/03/2021 15:36:34 28 3
bbc
I was thinking the same - there are quite a few poster on here -wht should the young pay' missing the fact that the Anglo-American Loan Agreement taken out in 1946was not finally paid off until 2006.
268
03/03/2021 15:44:59 19 3
bbc
I could have not agreed more, people have short memories
494
03/03/2021 17:31:49 7 0
bbc
Did we ever stop - then there was Aden, the Falklands War, the Iraq and Afghanistan conflicts, The Balkans and Syria. When are we ever NOT at war with someone!
Two world wars fought for freedom, democracy and a better life for all seems like a small price to pay

The complete shutting down of the economy to protect the over 80s on the other hand.........
898
04/03/2021 00:18:25 6 0
bbc
yeh but that was a response to external evil - half the problem going forward is a result of the evil brexit weasels in the house of commons - self inflicted damage
04/03/2021 10:15:53 2 0
bbc
Phew, for a moment I thought we were going to have to think positive thoughts towards the younger generations. Thanks for enabling us to going back to sneering at them.
34
03/03/2021 14:56:56 8 9
bbc
A very "mature" budget taking all things into account.
We must invest in green energy,energy storage,hydrogen power,battery technology and a space shuttle .Some good foundations put down by this government.
19
03/03/2021 14:54:16 183 60
bbc
Germany; the most advanced economy in Europe has rent controls. Why is this issue considered so contentious in the UK? A disportionate amount of people in the UK make a living whilst adding very little value to society by just sitting on assets and gaining from capital appreciation and parasitic rental income.
35
03/03/2021 14:57:02 132 61
bbc
For some people (not me) they have saved for a property to rent out to give them retirement income. Not everyone gets a company or public sector pension.
72
03/03/2021 15:02:14 27 11
bbc
And those company and public sector pensions are often worth diddly squit when it actually comes to paying out (something a lot have yet to learn).
94
03/03/2021 15:05:25 17 12
bbc
And some people bought for their own occupation, and then for a limited period live elsewhere - requirements of the job, or taking a sabbatical to travel, or caring for elderly relatives, or whatever.

It may then be sensible to rent out their property short-term,
as I did 30 years ago; but if their interests are not adequately protected they won't be willing to do so.
344
03/03/2021 16:22:09 10 8
bbc
You mean bought a house for buttons from thatcher and is now increasing rent to eye watering amounts so they don’t have ep work
415
03/03/2021 16:50:58 5 0
bbc
There are huge numbers out there on private sector final salary pensions as well.
The pension crisis was caused by Gordon Brown raiding funds and letting companies take payment holidays when times were good even though the demographics clearly said this was wrong.
As far as the tax is concerned it could easily have been reversed but so far no Government has seen fit to do it.
477
03/03/2021 17:26:57 6 0
bbc
Very valid point BUT it still should be a fair and reasonable rent. Many landlords do not bring properties up to a modern standard. So although I agree with your point, balance and fairness should be part of the process.
617
03/03/2021 18:29:38 4 3
bbc
The odd single home/holiday home is ok, but more people are now owning many properties to rent out helped by government and banks along the way, coupled with schemes using taxes to allow people to buy their first house keeps increasing the house prices every year by 3+ times inflation, making house ownership for many more of a dream. This also helps to keep rents high! The worst of all scenarios.
711
03/03/2021 19:29:41 1 3
bbc
And in a country which had succeeded in providing a housing system that met or almost met the requirements of most of its citizens that would be fine. Unfortunately British governments of the last 50 years have totally failed to do that, leaving a housing crisis unmatched in Europe, North America and Japan. That's why we need a truly massive affordable house building programme and rent controls.
904
Dad
04/03/2021 00:33:51 2 0
bbc
The people who get a pension are the people who have paid into it for many years, the aren't "given" it. Sadly there are some who pay in and don't live to see it. Company pension, public sector pension, private pension, any pension, the maths is simple, you look after your pension while you are working so it can look after you when you're not.
Removed
19
03/03/2021 14:54:16 183 60
bbc
Germany; the most advanced economy in Europe has rent controls. Why is this issue considered so contentious in the UK? A disportionate amount of people in the UK make a living whilst adding very little value to society by just sitting on assets and gaining from capital appreciation and parasitic rental income.
36
03/03/2021 14:57:04 34 18
bbc
Because the Tory party is full of landlords or landlords who make donations to the Tory party
55
03/03/2021 15:00:10 22 1
bbc
Let's assume that every party known will have fingers in all of the pies. This is still not a valid reason to have some controls which means people are not paying overly inflated prices to rent a small flat / house.
144
03/03/2021 15:14:52 22 5
bbc
Tory, Labour, Lib Dem - all working for the same cause. Themselves and not you.
555
03/03/2021 17:57:43 5 1
bbc
Really? Most landlords are 'accidental' with one or two properties that they've had as a home but not sold after a marital split or other reason. They don't donate to party coffers because they got screwed by Osbourn some years back. Why should they?
566
03/03/2021 18:00:32 5 0
bbc
Err....... What about Saint Tony Bliar and family? Don’t they own a few properties?
Pay freezes coupled with tax threshold freezes will hit public sector workera and key workers the hardest. When linked to RPI and 5% year on year council tax increases these people will be approx 20% off in 5 years time. Hardly seems fair given the fact they've worked through the pandemic. Furlough has been far too generous and now we're all going to suffer. Removed
98
03/03/2021 15:05:55 1 0
bbc
Nonsense - a pay freeze will have no impact on taxation threshold freezes - nothing changes. You should do your calcs before you post .
200
TV
03/03/2021 15:27:06 1 0
bbc
Yep, I used to work for the public and following the financial crisis we got totally shaft ed. Salary freeze for almost a decade, overtime cut, flexitime abolished, rejegged to a lower grade, etc... Now with C19 it will be the same all over again!
9
03/03/2021 14:49:44 11 14
bbc
Nothing being given back like a tax break for all the essential workers who've been paying tax and working through it all
38
03/03/2021 14:57:31 9 4
bbc
It would have been nice. I'd have rather been on furlough for the last year than out there putting myself and my family at risk for very little money and even less appreciation.
Cue the ' this is bill gates fault' fools..... Removed
39
03/03/2021 14:57:43 8 0
bbc
Of course it's his fault, it's his microchips inside me. Every time I wake up, I get that damned Windows tune stuck in my head!
207
03/03/2021 15:28:22 0 0
bbc
Oh thank you very much for that. Please sing the Nokia tune to yourself for the rest of the day.
2
03/03/2021 14:47:15 342 35
bbc
Could be a lot worse given the year we've had.
40
03/03/2021 14:57:48 146 386
bbc
Could’ve been a lot better, too. But hey ho, you get what you voted for.
153
03/03/2021 15:17:12 82 6
bbc
In what way could it have been better? In many ways this is the most un-Tory budget ever. Extending benefits for furlough & universal credit, whilst at the same time whacking up corporation tax?
182
03/03/2021 15:23:42 100 45
bbc
Yes god knows what mess we had been in if we had voted Labour
231
03/03/2021 15:33:40 88 2
bbc
Don't think anyone voted for coronavirus, but hey ho.
300
03/03/2021 16:04:04 43 24
bbc
Glad i didt vote Labour then
340
03/03/2021 16:21:34 31 12
bbc
Hey ho, thank God we didn't vote for Corbyn.
431
03/03/2021 17:01:17 19 2
bbc
Really...take them rose tinted glasses off. Don't matter who you voted for. Don't try to point score.
544
03/03/2021 17:52:06 7 1
bbc
Yes we all voted for covid and the expense that has brought , we voted for all those deaths , or would you have let millions suffer more
560
03/03/2021 17:58:54 7 4
bbc
Not very Stoic of you Seneca perhaps change your user name to Meghan Markle
573
Roy
03/03/2021 18:06:14 7 0
bbc
Yep - you got what I voted for too - unlucky
678
03/03/2021 19:04:13 7 8
bbc
To think we could have still been part of the EU, where due to Covid, you all have to die equally. Imagine this country being run by Corbyn, the fool who hires people that cannot even put the correct shoe on the correct foot. Yeah right, thank goodness, I think we dodged a bullet with all these left wing loonies out there.
706
03/03/2021 19:23:55 2 0
bbc
We voted for Corona Virus?
874
03/03/2021 23:36:04 1 0
bbc
So what would you suggest then?
923
04/03/2021 02:40:04 1 4
bbc
It would have been several magnitudes worse under an extremist socialist regime & THAT was the alternative on offer.
41
03/03/2021 14:57:56 70 16
bbc
Working people will pay for the Covid costs with personal allowance and thresholds frozen.
Corporation tax will be passed on to the customers (you and me).
103
03/03/2021 15:06:33 38 7
bbc
this is the principle of taxation at work, its all circular, as with all capitalist society. And to be fair, the majority of companies are publicly owned or by pension funds etc so their profits are invested, divested to the workers and then to shareholders via dividends, handing back the cash to those who in some far off time gave them that money in the 1st place
165
03/03/2021 15:20:12 10 0
bbc
Please remember that most post-tax corporation profits are reinvested or paid out in dividends to pension funds.
709
03/03/2021 19:26:59 3 0
bbc
This is my main concern with this budget, because he thinks that it’s going to boost the economy and short term it might, but the more things go up, the less people will spend simply because they’re going to try and keep below their usual budget because of needing more to survive for those rainy days.
873
03/03/2021 23:34:00 2 0
bbc
Depends how much you spend. One thing that Covid has taught us is that we will be much more careful how we spend our money. Fortunately, our company has decided after a vote amongst staff that we are continuing WFH for the foreseeable future. That has saved us huge amounts of money on fuel, car maintenance and child care.
42
03/03/2021 14:58:06 24 13
bbc
Sunak says he is supporting the vulnerable and those most effected by Covid. But he is not talking about the disabled who account for 60% of Covid deaths or carers. He is talking about supporting the unemployed on UC, the self employed, furloughed workers and businesses with extra money. With those on legacy benefits mostly disabled people and carers excluded from support again. Suffering poverty
651
03/03/2021 18:50:42 6 6
bbc
Agree he has missed the most needy yet supports The self employed who were not eligible because they had embezzled and avoided declaring tax or taken dividends out of the business instead of wages to avoid NI payments and higher rate tax. My heart bleeds for all those poor self employed people.
43
03/03/2021 14:58:16 15 14
bbc
How many people commenting on here are on furlough and are been paid by the tax payer. Don't complain about the budget when you are sat at home being paid to do nothing. I'm at work by the way and not working from home.
74
03/03/2021 15:02:32 12 10
bbc
And the prize for the most self-righteous and patronising post of the day goes to....Reginaldo!
88
03/03/2021 15:04:09 2 0
bbc
Yeah, I'm real happy about being on 80% and not working, due to FORCED closure of my workplace. Not our choice buddy.
117
03/03/2021 15:08:43 1 0
bbc
As a essential front line worker I find your comment about those on furlough and being paid by the tax payer in very bad taste, these people who are furloughed are not doing so out of choice but at government instructions and also remember these people were also tax payers.
44
03/03/2021 14:58:20 74 8
bbc
Whatever was in the budget there would be the usual mixture of praise and criticism. Why? Because (to borrow a well know saying) you can please all of the people some of the time and some of the people all of the time but you can't please all of the people all of the time.
But this Britain, most of the population are badly educated and struggle to understand. They will soon be under control though. Removed
19
03/03/2021 14:54:16 183 60
bbc
Germany; the most advanced economy in Europe has rent controls. Why is this issue considered so contentious in the UK? A disportionate amount of people in the UK make a living whilst adding very little value to society by just sitting on assets and gaining from capital appreciation and parasitic rental income.
45
03/03/2021 14:58:28 36 9
bbc
Because we have a Tory government, the majority of BTL owners are inherently Tory. Many smart people have said sorting out the extortionate rent prices will free up disposable income and stimulate the economy. They just won't do it at their own expense
7
03/03/2021 14:48:58 23 23
bbc
So the super rich escape again.
46
03/03/2021 14:58:42 8 9
bbc
Are you riddled with envy?
47
03/03/2021 14:58:52 0 4
bbc
It is impossible to deal with NSANDI.
I had an account with them for years yet when I contacted them they said there was no record of the account
62
03/03/2021 15:01:03 1 0
bbc
Over my head
79
03/03/2021 15:03:18 2 0
bbc
Their online portal is brilliant and holds the records of all your transactions, as well as easily allowing transfers in and out of products. Faultless in my opinion.
18
03/03/2021 14:54:06 10 17
bbc
As I predicted yesterday in HYS, the Chancellor never mentioned OAPs or the elderly at all. We do not exist. Personal Allowances frozen and that is on top of the Higher Personal Allowance for the over 65s being abolished ten years ago. It was 45% more than the single Personal Allowance. He did not even fund the free TV licence for the over 75s. All the help is for those who seek to make money.
48
03/03/2021 14:58:57 6 3
bbc
We are the forgotten ones. As he was speaking, a letter arrived t inform me, my stake pension will be going up by £3.50 from next month. Wow. I'm in a quandary now what to spend this windfall on.
82
03/03/2021 15:01:30 1 1
bbc
O dear, not happy with the triple lock then? My Military disability pension increases by £15 in April and you're compaining!
104
03/03/2021 15:06:53 3 4
bbc
Yes, OAPs are expected to lead a 'church mouse' existence. We have to be grateful for the crumbs thrown down for us.
49
03/03/2021 14:58:57 15 27
bbc
He could have reintroduced the higher rate tax bands from the 1970s on earned income ............55%, 60%, 65%, 70%, 75% and 83%. That would have brought in tax to pay the national debt as well as taxing high earners fairly. Instead, he froze the Personal Allowance, which will hit low earners hard. The worst Chancellor the UK has seen for generations.
84
03/03/2021 15:03:46 9 5
bbc
Those tax bands brought in the lowest amount of tax ever, that is why they were scrapped. Tax take from the top earners has never been higher. Even Labour has worked that out.
96
03/03/2021 15:05:27 4 1
bbc
Those Labour policies in the 70s led to a recession; not to mention the fact that very high income folk took their money elsewhere - and much more opportunity today for that.
102
03/03/2021 15:06:13 5 1
bbc
Please define why it is "fair" to take more of my money? Why is it fair to take cash I have generated by myself, and give it to others who have done nothing?
106
03/03/2021 15:07:01 4 1
bbc
Were you around in 70's? if you were you must have forgotten that the 83% tax bracket just encouraged those who would pay it to go elsewhere, thus denuding the exchequer of all tax revenue. And why should someone who works pays 83% of their income to the exchequer?
115
03/03/2021 15:08:13 5 2
bbc
Obviously you are a Lefty... who pays nothing and wants everything.
132
03/03/2021 15:07:18 0 1
bbc
https://www.theguardian.com/business/2019/nov/13/richest-britain-income-tax-revenues-institute-fiscal-studies
You might want to consider this article. Also consider how many people would work abroad if you reverted to the 70s. You might also want to consider people who have risen to a position and businesses rely on them to run them properly so those businesses can then pay Corporation tax also.
227
03/03/2021 15:32:40 3 1
bbc
If I was a high earner faced with 83% or 98% supertax I wouldn't be staying in the UK
17
03/03/2021 14:54:03 370 56
bbc
If he wants to get the money back, charge Amazon, Starbucks etc, the correct tax on the profit they make in the U.K. bring back road tax and include electric cars in this , freeze MP and local councillors salaries for 5 years ! Bring in a £5 flight tax for all sir passengers whether internal or international flights ! A good few other ways as well without hitting the low paid !
50
03/03/2021 14:59:00 30 3
bbc
Already have air duty. Exceeds £5.00 by a mile.
140
DrR
03/03/2021 15:13:48 14 1
bbc
Yes and Scotland abolished it. However, at the moment no one is flying so this is going to raise diddly squat.
9
03/03/2021 14:49:44 11 14
bbc
Nothing being given back like a tax break for all the essential workers who've been paying tax and working through it all
51
03/03/2021 14:59:28 7 0
bbc
For most people it's swings and roundabouts. Many of the 'essential workers' have had a very hard year, long hours, no leave, risk of infection etc...

But, many others have also had a very hard year, low income, lack of job security, worries about paying the bills, all whilst being imprisoned in their homes.

There are some winners (and some losers), but they are both few and far between.
18
03/03/2021 14:54:06 10 17
bbc
As I predicted yesterday in HYS, the Chancellor never mentioned OAPs or the elderly at all. We do not exist. Personal Allowances frozen and that is on top of the Higher Personal Allowance for the over 65s being abolished ten years ago. It was 45% more than the single Personal Allowance. He did not even fund the free TV licence for the over 75s. All the help is for those who seek to make money.
52
03/03/2021 14:59:47 2 2
bbc
What pay to support those that have been hit the least by this crisis and have those that are hardest hit pay for it? No thanks
53
03/03/2021 14:59:58 255 38
bbc
Time will tell if it works . But it's a start . I am no tory supporter . But no government has had to deal , with the like of this before
224
03/03/2021 15:32:07 91 145
bbc
But no government has had to deal , with the like of this before.

-----

Read your history books.
262
03/03/2021 15:42:49 11 22
bbc
Five global pandemics in the last 100 years.
335
03/03/2021 16:19:36 7 28
bbc
Not true, country has been through much worse.

And you are a Tory
360
03/03/2021 16:25:27 29 15
bbc
At least it's a Tory government so they're used to fixing a broken economy left for them by Labour again and again. Can you imagine if Labour had been in power and not saved anything over the past 10 years? You'd have no furlough and the country would have gone bust.
609
03/03/2021 18:26:49 4 3
bbc
Err...wrong. Look at post WW2 debt.
713
03/03/2021 19:32:44 3 5
bbc
They did not have to, the country has never been shut down before, we've had pandemics before, 1957/58 Asian flu, 1968/69, Hong Kong flu, seasonal flu, NHS overwhelmed as usual, as far back as i can remember. Stronger people who decide that economic suicide was not an option.
Err... WW2 was possibly slightly more mind focusing... you historically ignorant terrance wat Removed
762
03/03/2021 20:51:47 7 4
bbc
They ‘could’ have shut UK Airports in February 2020 when they knew there was a significant risk to public health and economy but ‘chose’ not to. Complete failure to govern and lead effectively and it’s going to you and future generations for decades if not longer.
876
03/03/2021 23:36:57 0 0
bbc
Exactly
54
03/03/2021 15:00:07 8 14
bbc
At first glance the freezing of tax allowances seems reasonable, but when you think about it, this is going to hit the low paid hardest who just creep over the £12,570 threshold and lose 20% of their meager salary rise. While those earning over £50,270 will hardly notice the deduction. And most of them will be in the City of London and Canary Wharf.
76
03/03/2021 15:03:06 7 3
bbc
Over £50,000 only in the City. You are out of touch, Mr Fault-finder.
100
03/03/2021 15:06:09 3 0
bbc
While those earning over £50,270 will hardly notice the deduction...

Not very good at maths are you?
307
03/03/2021 16:10:59 1 0
bbc
they dont lose anything, the 20% is on the amount over 12570
36
03/03/2021 14:57:04 34 18
bbc
Because the Tory party is full of landlords or landlords who make donations to the Tory party
55
03/03/2021 15:00:10 22 1
bbc
Let's assume that every party known will have fingers in all of the pies. This is still not a valid reason to have some controls which means people are not paying overly inflated prices to rent a small flat / house.
04/03/2021 12:25:55 0 0
bbc
People are not paying overly inflated prices - they are paying the market rate. The fact that you think the market rate is too high is down to a persistent surge in demand above what supply could accommodate. The solution is to increase supply or reduce demand, not penalise one economic actor to favour another.
56
03/03/2021 15:00:17 8 14
bbc
Soldiers who risk their lives on the front line receive tax benefits/breaks I believe. What about offering the same to front line staff on this war? Risking their lives every day. A national Clap doesn't put the food on the table...
90
03/03/2021 15:04:34 4 1
bbc
What would these tax benefits/breaks you mention for soldiers?
93
03/03/2021 15:05:24 1 0
bbc
You believe wrongly.
222
03/03/2021 15:31:37 1 0
bbc
But the salary they get paid does.
30
03/03/2021 14:56:22 15 14
bbc
2.1 Trillion in Debt, yet the Lords is still going strong as is the subsidised bar within the House of Commons!

I feel for my children and their children, and their children.
57
03/03/2021 15:00:23 10 7
bbc
Your comment about the economy is valid, but how else would you tackle it?
You ask a cogent question and then spoil it by adding in a whinge about the subsidised bar, which incidentally is used by civil service support workers too, so what? I couldn't care a jot about the subsidised bar, you must be a Labour voter.
24
03/03/2021 14:55:43 75 18
bbc
Not heard that here, is it the same as make the rich pay the same as everyone else?
58
03/03/2021 15:00:36 22 9
bbc
If you actually check the rich pay the vast majority of the tax revenue in the UK.... people wanted the lockdown now let’s pay for it.
339
03/03/2021 16:21:05 10 6
bbc
That’s because they have more money.
755
ben
03/03/2021 20:40:00 1 0
bbc
Not proportional though.
59
03/03/2021 15:00:39 5 2
bbc
Let’s give it 48 hours before we pass comment. These budget announcements never fully show the hand that taketh away until the bean counters have had a chance to trawl through the detail. ??
16
03/03/2021 14:53:39 12 16
bbc
blah blah super-rich blah blah Evil Tories blah blah
60
03/03/2021 15:00:45 1 2
bbc
You should really get mummy to teach you more words...or just stick to the colouring in book.
5
03/03/2021 14:48:05 23 31
bbc
The budget will have little effect on the super-rich though.

They are the people who REALLY benefit from an Evil Tory Government.
61
03/03/2021 15:00:48 2 0
bbc
They'll benefit from any government. The world is run by the banks not governments.
47
03/03/2021 14:58:52 0 4
bbc
It is impossible to deal with NSANDI.
I had an account with them for years yet when I contacted them they said there was no record of the account
62
03/03/2021 15:01:03 1 0
bbc
Over my head
18
03/03/2021 14:54:06 10 17
bbc
As I predicted yesterday in HYS, the Chancellor never mentioned OAPs or the elderly at all. We do not exist. Personal Allowances frozen and that is on top of the Higher Personal Allowance for the over 65s being abolished ten years ago. It was 45% more than the single Personal Allowance. He did not even fund the free TV licence for the over 75s. All the help is for those who seek to make money.
63
03/03/2021 15:01:05 2 0
bbc
Freezing the personal allowance for years is going to take back the previous increased allowances.
118
03/03/2021 15:08:43 6 0
bbc
Yes, and OAP had a 40% reduction in Personal Allowances 10 years ago by the coalition government.
64
03/03/2021 15:01:12 64 6
bbc
Ultimately, every single one of us pays. If you buy anything as an individual, there’s likely to be a tax on your purchase. ‘Twas ever thus.
30
03/03/2021 14:56:22 15 14
bbc
2.1 Trillion in Debt, yet the Lords is still going strong as is the subsidised bar within the House of Commons!

I feel for my children and their children, and their children.
65
03/03/2021 15:01:20 2 2
bbc
The bar in the Commons has been closed for months, keep up.
121
03/03/2021 15:09:09 2 0
bbc
Kimshimshim not letting facts get in the way of envy and jealousy, thinks nobody should have anything, except of course if they can avail themselves of it
11
03/03/2021 14:49:50 166 58
bbc
fair,focused, pragmatic, realistic I'd say
66
03/03/2021 15:01:22 60 124
bbc
Focused? Now there’s a sound bite. In the mean time, this budget shows a complete lack of ambition and daring. Look at what Biden in the States is putting in.
209
03/03/2021 15:28:35 31 6
bbc
USA a slightly larger population and Economy . I get the impression your know very little about the economy and how it works.
523
03/03/2021 17:41:09 4 1
bbc
Well, what is he putting in?
877
03/03/2021 23:38:33 0 0
bbc
So what would you suggest for your throw away comment
67
03/03/2021 15:01:24 102 12
bbc
This country needs to get away from being a service-driven economy, based on the value of property, and start actually making stuff again - and not selling it off just when it starts to be come profitable. Make a quick buck for the taxman, rather than drip feeding the tax man a reliable revenue stream for years.
184
03/03/2021 15:24:07 19 59
bbc
Take the Blair administrations lead in how to rebuild industry.
244
03/03/2021 15:38:24 8 1
bbc
First thing we need to see to have an active manufacturing sector is to increase our productivity levels
269
Bob
03/03/2021 15:45:29 11 2
bbc
So you want to see rampant inflation, basically?

Why do you think we shipped off manufacturing to other nations? Because it was vastly cheaper to use their labour.

And why do you think the countries we used to rely upon like Taiwan and South Korea are no longer the go-to nations for that? Because they grew too and now we rely upon cheaper Chinese labour and so on.
435
03/03/2021 17:03:04 3 1
bbc
Will you be toiling in the mills for peanuts yourself then? Sound sound work whilst you have to compete with the developing world on Labour costs.
895
04/03/2021 00:13:34 1 0
bbc
No thanks - we've got more than enough stuff. It's time to learn to live with less stuff, and focus on what's important, rather than exploiting our planet (and people) further.
925
04/03/2021 02:43:55 0 0
bbc
Absolutely. Buying assets is the dumbest thing you can do in this type of economy. It parks money which could be used to make stuff. And it inflates prices - and we know where that keeps leading us: collapse, and you guessed it: more bailouts. One day you can't bail out any more. You get revolutions and other horrible things. It is written all over history but I doubt if anyone will listen.
995
04/03/2021 09:13:16 0 1
bbc
You mean go back to the 1950s, Make Britain Great Again - Trump economics.
04/03/2021 10:41:06 1 0
bbc
Glad somebody agrees with me. To quote the late and great Fred Dibnah: "We've become a nation of con men, living by selling double glazing to each other."
04/03/2021 14:27:00 0 0
bbc
Very sensible, have been saying this for years but no one listens.
68
03/03/2021 15:01:25 237 23
bbc
Government guarantee for first-time buyers available when buying properties worth up to £600,000... Really?? First time buyers? This smacks of living beyond means. How about putting the deposit on something you can afford, working your way up, rather than compounding the debt problem this society seems to thrive on. Fully supportive of helping people who need help to get started - surely not 600k!
91
03/03/2021 15:05:07 197 26
bbc
The scheme isn't really for first time buyers, it's to prop up house prices and inflate them further. Every scheme the Tory's have come up with for first time buyers has pushed prices up and made previously affordable homes unaffordable
126
03/03/2021 15:10:09 27 5
bbc
Should be based on an average price for a 3 bedroom property in their postcode area. This is £260k where I live

These people who take advantage of the stamp duty will struggle to pay for their mortgage in a few years time
157
Bob
03/03/2021 15:17:59 18 5
bbc
The scheme, as highlighted by Capt. Hindsight, is based upon the Help to Buy Mortgage Guarantee from 8 years ago.

The scheme is not limited to first time buyers and mortgage amounts are limited to 4.5x income.

So no, first time buyers are not going to be buying £600k houses. At least not unless they have £127k income.
202
03/03/2021 15:27:21 31 3
bbc
Indeed, I couldn't help thinking it's edging closer and closer to subprime mortgages once again. The mention of first-time buyers in this at all is misleading. It's entirely for property portfolio owners, like mr Sunak, to make money. If it were to actually help first time buyers, it would be limited to first time buyers.
282
03/03/2021 15:52:56 13 2
bbc
I know someone who had that because of where they wanted to live, not everyone buying a house for the first time is on 20-25k each. Though i would have preferred to see a more realistic cap of 250-300k
483
03/03/2021 17:30:14 10 0
bbc
Government will do anything to bolster the housing market. This another demand side solution to a supply side problem
496
03/03/2021 17:32:21 7 0
bbc
Unfortunately, as all buyers will be able to borrow more for the property the only winners will be the sellers who will get an higher sale price and the banks as the larger loans are paid back.
620
03/03/2021 18:31:43 9 1
bbc
We need a massive low cost house building programme similar to that in the 1950's. Will not happen under Boris just bulls--t not buildings.
663
03/03/2021 18:56:42 6 0
bbc
Issa brothers buy Asda with a 15% deposit and the man in the street complains that it should be banned.

A week later and you are encouraged to buy a house with a 5% deposit and the govt will provide an 80% guarantee to the bank. Perfectly good strategy.

The sheer lunacy and hypocrisy of it all. Utter stupidity in the face of falling house prices = negative equity. House prices are unsustainable
684
03/03/2021 19:10:56 4 1
bbc
Depends where you live in the country. 3 bed semi in my are of the Southeast 600K, where my father lives in the Southwest 150K. So you need four times the income in my area to buy a 3 bed (actually 2.5 bed) semi.
803
03/03/2021 21:33:24 0 0
bbc
Depends where you’re buying. My son is first time buyer buying in London, flat priced at £495k. The stamp duty holiday has helped him massively.
04/03/2021 12:45:56 1 0
bbc
The new houses on the numerous speculative developments in my part of the south of England some way outside London START at 800K.

They are not built for people like nurses, teachers and other ordinary workers that our town really needs, but are snapped up by wealthy students and buy-to-let speculators.

... and the Tories denigrate locals who object to developers' social dumping as 'nimbeys'.
11
03/03/2021 14:49:50 166 58
bbc
fair,focused, pragmatic, realistic I'd say
69
03/03/2021 15:01:32 12 22
bbc
Sunak says he is supporting the vulnerable and those most effected by Covid. But he is not talking about the disabled who account for 60% of Covid deaths or carers. He is talking about supporting the unemployed on UC, the self employed, furloughed workers and businesses with extra money. With those on legacy benefits mostly disabled people and carers excluded from support again. Suffering poverty
70
03/03/2021 15:01:36 5 13
bbc
An opportunity to remove the triple lock missed. He'll get it next time. Perhaps as soon as the autumn.
17
03/03/2021 14:54:03 370 56
bbc
If he wants to get the money back, charge Amazon, Starbucks etc, the correct tax on the profit they make in the U.K. bring back road tax and include electric cars in this , freeze MP and local councillors salaries for 5 years ! Bring in a £5 flight tax for all sir passengers whether internal or international flights ! A good few other ways as well without hitting the low paid !
71
03/03/2021 15:01:57 28 1
bbc
Road tax? If you mean VED, that hasn't gone away.
35
03/03/2021 14:57:02 132 61
bbc
For some people (not me) they have saved for a property to rent out to give them retirement income. Not everyone gets a company or public sector pension.
72
03/03/2021 15:02:14 27 11
bbc
And those company and public sector pensions are often worth diddly squit when it actually comes to paying out (something a lot have yet to learn).
562
03/03/2021 17:59:04 0 0
bbc
So don't put everything in one pot? Maybe they read the yearly pension projections after all
815
03/03/2021 21:56:23 0 0
bbc
Really? If they do into administration, it is covered up to 80% or so by the Government. Otherwise they pay out. What’s the issue?
23
03/03/2021 14:55:33 45 41
bbc
Air not sir !!!
73
03/03/2021 15:02:29 7 2
bbc
Sir passengers - ahh, that takes me back...
43
03/03/2021 14:58:16 15 14
bbc
How many people commenting on here are on furlough and are been paid by the tax payer. Don't complain about the budget when you are sat at home being paid to do nothing. I'm at work by the way and not working from home.
74
03/03/2021 15:02:32 12 10
bbc
And the prize for the most self-righteous and patronising post of the day goes to....Reginaldo!
119
03/03/2021 15:08:57 2 1
bbc
But he's got a point.
19
03/03/2021 14:54:16 183 60
bbc
Germany; the most advanced economy in Europe has rent controls. Why is this issue considered so contentious in the UK? A disportionate amount of people in the UK make a living whilst adding very little value to society by just sitting on assets and gaining from capital appreciation and parasitic rental income.
75
03/03/2021 15:02:51 24 28
bbc
Do away with rented accommodation then, then what?
Thousands with nowhere to live, or perhaps the property owners should let everyone rent free???? Nonsense
838
03/03/2021 22:37:38 1 2
bbc
SAINT65 Are you ok ok? Its rent control not rent free. Maybe we should do away with minimum wage, will that make you feel better?
54
03/03/2021 15:00:07 8 14
bbc
At first glance the freezing of tax allowances seems reasonable, but when you think about it, this is going to hit the low paid hardest who just creep over the £12,570 threshold and lose 20% of their meager salary rise. While those earning over £50,270 will hardly notice the deduction. And most of them will be in the City of London and Canary Wharf.
76
03/03/2021 15:03:06 7 3
bbc
Over £50,000 only in the City. You are out of touch, Mr Fault-finder.
77
03/03/2021 15:03:11 6 3
bbc
The "help" with mortgages is useless. All it will do is increase the competition for lower end properties that will push up their prices.

then if you are lucky to land a house then you'll have larger mortgrage repayments for longer which could potentially put off first time buyers
78
03/03/2021 15:03:17 87 29
bbc
Seems a fair budget to me.
163
03/03/2021 15:19:22 60 23
bbc
A very fair budget.
47
03/03/2021 14:58:52 0 4
bbc
It is impossible to deal with NSANDI.
I had an account with them for years yet when I contacted them they said there was no record of the account
79
03/03/2021 15:03:18 2 0
bbc
Their online portal is brilliant and holds the records of all your transactions, as well as easily allowing transfers in and out of products. Faultless in my opinion.
10
03/03/2021 14:49:47 142 8
bbc
No real surprises there! Remember when Budget Day used to come with a few twists and turns we weren't expecting? Now the details are pretty comprehensively leaked in advance. Like most other Government decisions, to be honest.
80
03/03/2021 15:00:31 57 9
bbc
Gives them a chance to change it if people complain. #leadership
602
03/03/2021 18:21:51 4 1
bbc
Government policy and decisions by popularity ... a duck here, a dive there, here a u-turn there a u-turn , oh the hokey cokey!
81
tel
03/03/2021 15:00:51 68 18
bbc
Personally, i'd have liked to have seen a windfall tax aimed at these huge companies who have made absolute fortunes being able to work during Covid, especially those who carried out non important work just to make a profit for the bosses. Windfall taxes would help alleviate the overall cost of it all.
162
Tom
03/03/2021 15:18:52 31 6
bbc
Good idea but in these days of business mobility it's easy for companies to move their head offices to a place with lower tax regimes such as Ireland. That would just speed up the exodus.
611
03/03/2021 18:27:15 1 1
bbc
and had those companies not operated - the entire country would have been stuffed!!

could you have fed yourself without supermarkets or any food shop?
48
03/03/2021 14:58:57 6 3
bbc
We are the forgotten ones. As he was speaking, a letter arrived t inform me, my stake pension will be going up by £3.50 from next month. Wow. I'm in a quandary now what to spend this windfall on.
82
03/03/2021 15:01:30 1 1
bbc
O dear, not happy with the triple lock then? My Military disability pension increases by £15 in April and you're compaining!
129
03/03/2021 15:11:07 4 1
bbc
Triple lock: Well 2.5% on a very small amount is an even smaller amount. It will be absorbed many times over by stealth increases.
83
03/03/2021 15:03:36 4 1
bbc
The country has to create wealth.
49
03/03/2021 14:58:57 15 27
bbc
He could have reintroduced the higher rate tax bands from the 1970s on earned income ............55%, 60%, 65%, 70%, 75% and 83%. That would have brought in tax to pay the national debt as well as taxing high earners fairly. Instead, he froze the Personal Allowance, which will hit low earners hard. The worst Chancellor the UK has seen for generations.
84
03/03/2021 15:03:46 9 5
bbc
Those tax bands brought in the lowest amount of tax ever, that is why they were scrapped. Tax take from the top earners has never been higher. Even Labour has worked that out.
135
03/03/2021 15:12:27 2 1
bbc
Agreed. And those higher rates were grossly obscene.

It is difficult to understand why anyone was prepared to work the hours and the stress needed to achieve the sort of incomes which were taxed at these rates, only to see most of it disappear in tax.

Seriously counter-productive both in terms of high-calibre work being done and in terms of tax revenue generated.
85
03/03/2021 15:03:52 53 12
bbc
For those moaning about the freezing of the personal allowance before paying tax. The UK is very generous with this for many years. Many European countries- this amount is £6k-£9k
107
03/03/2021 15:07:18 53 28
bbc
many European countries also pay decent pensions
19
03/03/2021 14:54:16 183 60
bbc
Germany; the most advanced economy in Europe has rent controls. Why is this issue considered so contentious in the UK? A disportionate amount of people in the UK make a living whilst adding very little value to society by just sitting on assets and gaining from capital appreciation and parasitic rental income.
86
03/03/2021 15:03:54 25 11
bbc
Because some other countries have a culture of caring for everyone in scoiety while still having a captialist economic system. Here, we just virtue signal about it.
370
03/03/2021 16:30:19 9 7
bbc
Do you consider Germany to be one of those countries? The same Germany who pushed the Euro so that other countries couldn’t devalue their own currency and adversely impact German manufacturing
6
03/03/2021 14:48:31 23 10
bbc
My prediction is that by 2023 tax as %GDP will not be any higher than the last few years. Only proven way to increase tax long term is to grow the economy and not seeing much about that, other than leave it to market
87
03/03/2021 15:04:01 18 2
bbc
The markets took over the world economy in the 1960's. Governments just tinker within the restraints the market allows them.
704
03/03/2021 19:16:53 1 0
bbc
If that was even remotely true. The NHS would have been scrapped a long time ago. Plus the government wouldn't be telling banks dont worry if you mortagage at 5% and sending us down the same path as 2008. Plus our currency would have deflated by now.
43
03/03/2021 14:58:16 15 14
bbc
How many people commenting on here are on furlough and are been paid by the tax payer. Don't complain about the budget when you are sat at home being paid to do nothing. I'm at work by the way and not working from home.
88
03/03/2021 15:04:09 2 0
bbc
Yeah, I'm real happy about being on 80% and not working, due to FORCED closure of my workplace. Not our choice buddy.
89
03/03/2021 15:04:16 27 9
bbc
When will a Chancellor and government have the guts to tax Amazon and other giants properly?
When will a Chancellor and government clamp down on tax avoidance, e.g. paying in shares of company as salaries and thereby avoiding tax, most probably 40%.
Total overhaul of taxes required in UK.
198
03/03/2021 15:26:48 6 5
bbc
By tax properly you mean hose them down? They are subject to exactly the same rules as everyone else.
274
03/03/2021 15:49:26 1 1
bbc
Taxing Amazon and others is a global problem which cannot be solved by an individual country.
56
03/03/2021 15:00:17 8 14
bbc
Soldiers who risk their lives on the front line receive tax benefits/breaks I believe. What about offering the same to front line staff on this war? Risking their lives every day. A national Clap doesn't put the food on the table...
90
03/03/2021 15:04:34 4 1
bbc
What would these tax benefits/breaks you mention for soldiers?
68
03/03/2021 15:01:25 237 23
bbc
Government guarantee for first-time buyers available when buying properties worth up to £600,000... Really?? First time buyers? This smacks of living beyond means. How about putting the deposit on something you can afford, working your way up, rather than compounding the debt problem this society seems to thrive on. Fully supportive of helping people who need help to get started - surely not 600k!
91
03/03/2021 15:05:07 197 26
bbc
The scheme isn't really for first time buyers, it's to prop up house prices and inflate them further. Every scheme the Tory's have come up with for first time buyers has pushed prices up and made previously affordable homes unaffordable
347
03/03/2021 16:23:50 9 11
bbc
Have Labour got any schemes for first time buyers?
469
03/03/2021 17:22:27 19 0
bbc
To be fair, although in the area I call home, £600k would buy you something close to a palace, there are areas where first time buyers might have to fork out £600k - BUT if they can afford a house of that value, do they really need help or support to make their purchase? I would seriously doubt it.
519
03/03/2021 17:39:38 1 1
bbc
No, that’s caused by our growing population, demand limited to certain areas, such as London and South East, and infrastructure charges levied by local governments.
751
03/03/2021 20:37:57 5 0
bbc
The housing market should have been left to find its own level in 2008. No they prop up house prices. Reason home owners are bred capitalists hence vote Tory. My eldest son is a bricklayer. £10,000 help to by scheme announced by George Osborne arrived onsite the very next day to see all the plots had gone up by. You guessed it £10,000.
819
03/03/2021 22:01:10 2 0
bbc
As a first time buyer with a self earned, healthy deposit. It’s frustrating to see the easy credit and tax breaks push prices up even more.
891
04/03/2021 00:00:02 0 0
bbc
They have mates that are gagging to flog green fields for development prices. Hence house prices are forced up by these schemes, and BofE policies, which they admit. Millions for nothing overnight for mates. Houses twice or more the price the need to be. Scandalous, and not illegal when you make the rules!
04/03/2021 09:43:18 0 0
bbc
Lending people 95% of the property value with only a 5% deposit is a disaster waiting to happen. Overcommitting people and when jobs are lost or times are hard they will struggle being mortgaged up to the eyeballs. But hey the banks and gov didn't care the first time round either, lending upto 120% of value. Good old Northern Rock building society took alot of people down when it collapsed
92
03/03/2021 15:05:07 13 3
bbc
Furlough needs reviewing in a big way - for those who need help its great - But there are many employers who are claiming it but also have there staff work under threat of loosing there job if they don't. It should only be sectors that Gov have closed down or there supply chain - all other bus that can function should'nt get it and there should be a strict prove you need it application process
306
03/03/2021 16:10:05 5 3
bbc
If staff are being expected to work when of furlough they need to report their employers, who are committing fraud.
Lots of businesses are not totally closed but have been massively impacted, it also allows firms to keep people employed who are vulnerable and shielding, would you rather those people were sacked?
528
03/03/2021 17:44:28 0 0
bbc
Who is going to spend time working their way through the supply chain of every individual business? It's much more complex than you realise and theres also each companies place in someone elses supply chain. What happens if I have a clear supply chain to me but the businesses I sell to are closed? What if there are others I could sell to but they dont want to or arent able to buy from me?
56
03/03/2021 15:00:17 8 14
bbc
Soldiers who risk their lives on the front line receive tax benefits/breaks I believe. What about offering the same to front line staff on this war? Risking their lives every day. A national Clap doesn't put the food on the table...
93
03/03/2021 15:05:24 1 0
bbc
You believe wrongly.
35
03/03/2021 14:57:02 132 61
bbc
For some people (not me) they have saved for a property to rent out to give them retirement income. Not everyone gets a company or public sector pension.
94
03/03/2021 15:05:25 17 12
bbc
And some people bought for their own occupation, and then for a limited period live elsewhere - requirements of the job, or taking a sabbatical to travel, or caring for elderly relatives, or whatever.

It may then be sensible to rent out their property short-term,
as I did 30 years ago; but if their interests are not adequately protected they won't be willing to do so.
831
03/03/2021 22:22:01 1 0
bbc
I have had to do this for work and paid a huge stamp duty for the pleasure. Being self-employed I have no pension and pay taxes. No holiday pay, no sick pay.
95
03/03/2021 15:05:26 11 10
bbc
As ever, those at the lower end of the pay scale... WIN WIN.
40% tax payers hit again.
Must be nice to get an extra £20 when you pay zero tax in the first place.
49
03/03/2021 14:58:57 15 27
bbc
He could have reintroduced the higher rate tax bands from the 1970s on earned income ............55%, 60%, 65%, 70%, 75% and 83%. That would have brought in tax to pay the national debt as well as taxing high earners fairly. Instead, he froze the Personal Allowance, which will hit low earners hard. The worst Chancellor the UK has seen for generations.
96
03/03/2021 15:05:27 4 1
bbc
Those Labour policies in the 70s led to a recession; not to mention the fact that very high income folk took their money elsewhere - and much more opportunity today for that.
243
03/03/2021 15:37:55 1 0
bbc
Exactly. You start going down the massive tax rates watch the offshoring begin in earnest. Take Denise Coates of Bet 365. Paid herself the vast majority of her income via PAYE. Would she do this if the rates went punitive?

Other than be a sop to the left, what exactly would it achieve?
97
Jim
03/03/2021 15:05:30 2 1
bbc
As long as my total take home pay before covid was below £2500, 18 months of work on 80% pay sounds great.

Yes headline is 20% down, but less tax, less expenses from going to work etc. All good
Pay freezes coupled with tax threshold freezes will hit public sector workera and key workers the hardest. When linked to RPI and 5% year on year council tax increases these people will be approx 20% off in 5 years time. Hardly seems fair given the fact they've worked through the pandemic. Furlough has been far too generous and now we're all going to suffer. Removed
98
03/03/2021 15:05:55 1 0
bbc
Nonsense - a pay freeze will have no impact on taxation threshold freezes - nothing changes. You should do your calcs before you post .
8
03/03/2021 14:48:58 239 41
bbc
Fair budget given the constraints
99
03/03/2021 15:06:05 249 70
bbc
labour flapping to complain....but couldn't find anything.
267
03/03/2021 15:44:36 9 24
bbc
What are you on about, there is plenty for people to complain about:
Nothing for those who are self employed
The income tax boundaries was nice but when frozen will push some 800,000 into a higher tax band over time.
The Tories want a review on social care but offered no funding for that
Whats the point in moving a department, its an uneeded cost right now
304
03/03/2021 16:07:56 16 9
bbc
So typical of Kier the wet Starmer scratching around to no relevance after a polished performance by Richi offered absolutely nothing from the day he took over, no wonder there are rumblings as to his ability to lead Labour going forward.
356
03/03/2021 16:27:08 14 4
bbc
Yes, Regrettably if that is the best from Sir Kier Boris will be doing handstands.
375
03/03/2021 16:30:47 18 10
bbc
I swear you people are moronic sometimes.

Of course they're going to complain. They're THE OPPOSITION. What do you want them to do? Bend over and go "yes good job my political opponents well done"?

Good god.
615
03/03/2021 18:28:40 1 1
bbc
Much of the borrowing would have similarly been borrowed by Labour.

Put to the same sort of "Good use" theories but eventually reclassified as "Folly".

Roads are paved with good intention but guess where it's headed.
986
04/03/2021 08:45:34 0 0
bbc
They should keep an eagle-eye on these posts ;)
54
03/03/2021 15:00:07 8 14
bbc
At first glance the freezing of tax allowances seems reasonable, but when you think about it, this is going to hit the low paid hardest who just creep over the £12,570 threshold and lose 20% of their meager salary rise. While those earning over £50,270 will hardly notice the deduction. And most of them will be in the City of London and Canary Wharf.
100
03/03/2021 15:06:09 3 0
bbc
While those earning over £50,270 will hardly notice the deduction...

Not very good at maths are you?