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[Solved] Budget 2010

 
(@zaden)
Estimable Member Registered

A few hours before the budget....should we be all doom and gloom?

Will answer my own question in a few hours time ...........

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Topic starter Posted : 22/06/2010 1:12 pm
(@Goonerplum)
Noble Member Registered

Budget key points can be found here

How does everyone feel about this ?

ReplyQuote
Posted : 22/06/2010 5:01 pm
(@zaden)
Estimable Member Registered

Seems to be a fairly fair budget, apart from the regressive VAT rise.

The public sector side of things is in back yard as I do work in local government. The talk I hear is of some staff cuts this year, definitely removing a tranche of temps and then next year there is likely to be more difficult decisions about jobs. Makes me feel very nervous about things.

Just as importantly should I buy the new TV and any white goods this year before the VAT rise in January.

Does anyone know if the bus/underground tickets prices are subject to VAT? If so the rise will be steeper than we are used to getting.

ReplyQuote
Topic starter Posted : 23/06/2010 12:54 am
(@dadmod4)
Illustrious Member

seems better than I expected. 20% rise in VAT I suppose is an easy one and cheap to administer - represents a 2.13% rise in cost so your flat screen TV will cost, say, 510.65 instead of £500, and in reality, I would expect manafufacturers to absorb the cost so that the same TV would still sell for £499. I'm a little disappointed that they didn't raise duty on cigarettes - seems a good opportunity to raise taxes and try to cut down on smoking.

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Posted : 23/06/2010 1:56 am
(@zaden)
Estimable Member Registered

hmmm...seems that VAT is not charged on bus/train tickets within UK

http://www.businesslink.gov.uk/bdotg/ac ... 1083098933

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Topic starter Posted : 23/06/2010 4:34 pm
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