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| 2008 Budget http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=8214 |
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| Author: | Cybro [ Wed Mar 12, 2008 11:05 pm ] |
| Post subject: | 2008 Budget |
CIGARETTES AND ALCOHOL • Cigarettes up 11p a packet of 20 from 1800 GMT; five cigars up 4p. • Beer up by 4p a pint, wine 14p a bottle, spirits 55p a bottle and cider 3p a litre by Sunday. • Duties on alcohol will go up by 2% above inflation in each of the next four years. By introducing an escalator for alcohol duty similar to the one that controversially used to apply to road fuel, the Chancellor plans to bring in • £1.5 billion over the next three years in extra tax on beer, wine and spirits. CARS, FUEL AND ROAD PRICING • From 2009, major reform of the vehicle excise duty. For new cars from 2010, the lowest-polluting cars will pay no road tax in the first year, with the highest-polluting cars paying £950. • Funding set aside for road-pricing proposals. • 2p increase in fuel duty is postponed until October this year. • For environmental reasons, fuel duty will rise by 0.5p per litre in real terms in 2010. Road pricing could reduce congestion and help environmental measures. The Government will invite tenders to develop road pricing technology. HOUSING • From April, key workers, such as teachers and nurses, will be able to borrow money from shared equity schemes. • Stamp duty on shared ownership homes will not be required until people own 80% of their home. • More people should have the chance to have a long-term fixed mortgage, which a report shows can reduce the risks for first-time buyers and can keep them on the housing ladder. • Sites for 70,000 more houses have been identified. • Council tax bills will rise by an average 3.9 per cent from April. PENSIONERS • Winter fuel allowance will go up from £200 to £250 for the over 60s and from £300 to £400 for the over 80s. BENEFITS • From October 2009, rules for housing and council tax benefit will mean families on benefit are better off in work. • From April, 2009, child benefit will be increased to £20 a week. • From April 2010, all long-term recipients of incapacity benefit will attend work capacity programmes. BUSINESS • For people on lower rates on income tax, the 10 per cent rate on the first £2,230 of earnings will be abolished from April. • The basic tax rate will be applied to earnings between £2,231 to £34,600, with the rate falling from 22 per cent to 20 per cent in April. • The upper earnings limit on national insurance contributions will be increased from £670 per week to £770 per week. • £60m over three years for equipping people to return to the workplace. • Corporation tax will fall from 30% to 28% by April this year, with simpler taxes for small companies. • More help for small businesses, with capital gains tax remaining at 10%. • Funds available through the small firms loans guarantee will increase by 60% in the next year. • There will be a capital fund of £12.5m to encourage more women entrepreneurs. AIRPORTS AND AIR TRAVEL • New measures at Heathrow and other airports, using biometric technology, to speed up the time it takes to get through security checks. • Increase in the amount airlines will have to pay to become "greener" - an extra 10% on plane duty in the second year of the new per-flight tax regime. ENVIRONMENT • Laws will be introduced by 2009 to tax plastic bags if shops do not do more to charge for their use. • £26m to help make homes greener. • New non-domestic buildings to become zero-carbon from 2019. • The government is asking the European Commission for tougher targets on car fuel emissions • Consideration is being given to raising the UK target for emissions cuts to 80% by 2050. EDUCATION • There will be £200m extra for schools to raise GCSE results. By 2011, every school "will be an improving school". • There will be a £30m fund to improve science teaching. POVERTY • Child poverty must be eradicated in Britain. Total of 600,000 fewer children in relative poverty and 150,000 fewer children in absolute poverty. • Five million customers on pre-paid meters should get a "better deal". Energy companies should spend £150m on social tariffs. • £17 more a week for poor families with one child. • A family with two children earning up to £28,000 a year will be £130 a year better off. A further £125m to be spent over the next three years to help families. SAVINGS • The government will launch the "savings gateway" nationally with the first accounts available by 2010. • Cash ISA limit confirmed as £3,600 a year from April. ECONOMY • Turbulence in global financial markets, starting in the US, has spread across the world - and this poses a major risk to the world economy. • The British economy will continue to grow. "This Budget is about equipping Britain for the times ahead...about building a fairer society," Mr Darling said. • Britain is more resilient and more prepared to deal with global shocks. • The UK's GDP per head has gone from the lowest in the G7 in the 1990s to second highest now. • The British economy will this year grow from between 1.75% and 2.25%, down from 3% last year. • "There will be no return to the inflation rates of the early 1990s," Mr Darling said. • To provide certainty, the chancellor said he is writing to the governor of the Bank of England to keep a 2% target on inflation. • Borrowing next year will rise to £43bn, some 2.9% of national income. It will fall to 1.3% by 2012/13. • By 2011, investment will have increased by 500%, trebling as a share of national income. • Public spending in the coming three years will grow by 2.2% a year. ARMED FORCES • an extra £2bn will be spent on troops in the frontline, including £900m on military equipment. PUBLIC SERVICES • Spending on government departments must be matched by reform. • The focus for the next decade on the NHS will be creating "world-class services". NON DOMICILES • The government welcomes the contribution made by people from outside the UK. But non domiciled families should pay a "reasonable charge" after seven years. Full details of the 2008 Budget via BBC... |
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| Author: | GBC [ Wed Mar 12, 2008 11:27 pm ] |
| Post subject: | Re: 2008 Budget |
Cybro wrote: From 2009, major reform of the vehicle excise duty. For new cars from 2010, the lowest-polluting cars will pay no road tax in the first year, with the highest-polluting cars paying £950.
Now I wonder what vehicle that will include? £400 RFL, and now this. 
When's the next opportunity to vote these wet rags out? |
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| Author: | JD [ Thu Mar 13, 2008 3:56 am ] |
| Post subject: | |
Thank you Cybro for this info. Will the last person to leave Britain please turn out the lights. Regards JD |
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| Author: | JD [ Thu Mar 13, 2008 5:27 am ] |
| Post subject: | |
I don't suppose the House of Commons speaker will have any problem with the increases in this budget, he'll just add them on to his 82,236 pounds yearly expense account. Regards JD |
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| Author: | Cybro [ Thu Mar 13, 2008 9:32 am ] |
| Post subject: | |
Poor roads, fuel becoming a luxury and vehicle excise duty bands being adjusted to squeeze out even more cash.
14p on a bottle of wine and only 3p on a bottle of cider??? That's it, hit the hard working middle class person, who likes a glass of wine to unwind after a hard days work. Solve binge drinking and help an industry already suffering from the smoking ban.
Drinkers, smokers and drivers hit again. Same old story. |
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| Author: | grandad [ Thu Mar 13, 2008 9:57 am ] |
| Post subject: | |
I think you mis-understand the purpose of the budget. It is where the government raise the money to fund the country's spending. If the spending increases then taxes have to increase. It is easier to tax things like fuel alcohol and tobacco and it raises a lot of tax. It doesn't matter which party are running the government, they will all go for the easy option. |
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| Author: | skippy41 [ Thu Mar 13, 2008 11:53 am ] |
| Post subject: | |
I get my tobacco duty free, 
And the quicker the manufactures who are in the process of making the cabs that run on air, and Wankel engined metro, release them to the market the better
On last night news it said oil had risen to $110 a barrel so the government will be making all the time |
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| Author: | Sussex [ Thu Mar 13, 2008 1:53 pm ] |
| Post subject: | |
I think the rises in fuel/fags/booze/ etc will have an effect on the trade. But not as much as the American, soon to be British, credit-crunch. 
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| Author: | cabby john [ Thu Mar 13, 2008 6:09 pm ] |
| Post subject: | |
Employment at an all time high = more tax being paid into the exchequer , immigants coming in paying their taxes, strikes at an all time low = more tax being paid, tax rolling into the exchequer through 90+ additional taxes +oil, drinkies, and so on. Where is all the BL**dy money going |
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| Author: | grandad [ Thu Mar 13, 2008 6:17 pm ] |
| Post subject: | |
cabby john wrote: Employment at an all time high = more tax being paid into the exchequer , immigants coming in paying their taxes, strikes at an all time low = more tax being paid, tax rolling into the exchequer through 90+ additional taxes +oil, drinkies, and so on.
Where is all the BL**dy money going Afganistan and Iraq.
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| Author: | CABMAN [ Thu Mar 13, 2008 8:21 pm ] |
| Post subject: | |
YOU VOTE COMMIE YOU GET COMMIE.. ONCE IN IT TAKES EITHER A LONG TIME OR A CIVIL WAR TO GET EM OUT ! STILL SOME PEOPLE LIKE COMMIES ...........I DONT THEY RUIN YOU LIFE |
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| Author: | gusmac [ Thu Mar 13, 2008 10:01 pm ] |
| Post subject: | |
grandad wrote: cabby john wrote: Employment at an all time high = more tax being paid into the exchequer , immigants coming in paying their taxes, strikes at an all time low = more tax being paid, tax rolling into the exchequer through 90+ additional taxes +oil, drinkies, and so on. Where is all the BL**dy money going Afganistan and Iraq. |
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| Author: | rambo [ Fri Mar 14, 2008 3:28 am ] |
| Post subject: | |
And the olympics. |
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| Author: | skippy41 [ Fri Mar 14, 2008 5:21 am ] |
| Post subject: | |
rambo wrote: And the olympics.
That fecking waist of money, most of the Uk will have to be content to watch it on tv. BTW 23 of the clue clux clan will be back out on Sunday, chasing a coloured person as the grand prix starts again |
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