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The King

The Budget

9 posts in this topic

FUEL, CIGARETTES AND ALCOHOL AND FUEL DUTIES

3p fuel duty rise to be phased in between April and January 2011

Duty on cider to rise by 10% from Sunday

Wine, beer and spirit duty up 2% a year until 2013

Tobacco duty up 1% this year and 2% a year in future years

HOUSING

Stamp duty scrapped for homes below £250,000 for first-time buyers

Stamp duty on residential property sales over £1m to increase to 5%

UK ECONOMY Economy contracted 6% during the recession

Predicted growth of 1-1.25% in 2010, in line with forecasts

Downgrades growth forecast for 2011 to 3-3.5%

HELP FOR BUSINESS

£2.5bn support for small business to boost skills and innovation

BANK LENDING One-off bank bonus tax has raised £2bn, double the amount forecast

Backs tax on bank transactions but on global basis

A million extra people guaranteed basic bank account

JOBS AND TRAINING

Reduce time over-65s have to work to receive work credits

Six month work or training guarantee for under 24s extended to 2012

BORROWING

Borrowed £167bn in 2009-10, £11bn lower than previously forecast

Borrowing to fall from £131bn in 2011-12 to £74bn in 2014-15

OTHER TAXES AND ALLOWANCES

No changes to VAT or income tax planned

Inheritance tax threshold frozen for four years

GOVERNMENT SAVINGS On track to achieve £11bn efficiency savings target

Reform of housing benefit to save £250m

15,000 civil servants to be relocated outside London

ENVIRONMENT

£2bn investment bank to back low-carbon industries

EDUCATION Funding for 20,000 new university places in science and maths

£35m enterprise fund to help university-launched businesses

PENSIONS AND BENEFITS Winter fuel allowance rates extended for further year

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more petrol tax

10% raise on cider

only things that really concern me and both bad

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'llow extra petrol tax, they're already boying off da ting as it is

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interested 2 hear blinx's opinion on this new budget & any economic theories he cares 2 share with us

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politicians arguing>>>>

been locked on sky news, educating stuff

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swear when i first started driving petrol was like 67p

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how the f*ck can they put petrol up even more?? ridiculous

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