The Budget.

Messianic Trees · **Joined:** Fri Mar 18, 2011 10:50 pm **Posts:** 2839

More Lib Dem cant, this time from chief cunt Clegg:

Quote:

We can be proud that the biggest tax cuts in today's Budget go to millions of working families.

As a result of this Budget, someone working a full week on minimum wage will see their income tax bill cut by over 50% compared to under Labour.

Increasing the personal allowance to £9,205 takes us within touching distance of our number one manifesto pledge – ensuring no one pays any tax on the first £10,000 they earn.

Thanks to our changes, a basic rate taxpayer will be paying £45 a month less in tax than they would have been under Labour.

We can be proud that we've ensured the richest in our society will be paying more, much more.

The Tycoon Tax, an increase in stamp duty for high value properties and other new taxes on wealth will raise five times as much as the 50p tax rate. Those with annual incomes of more than £150,000 a year will be paying on average an additional £1,300 a year in tax, as a result of this Budget.

Of course, this is a Coalition Budget and we did not get our own way on everything. Conservative priorities are not ours. But as on so many other issues, we have made sure that there is a real Liberal Democrat stamp on this Budget.

Lower taxes for more than 20 million working people; effective new taxes on the rich.

This is a Budget we can be proud of – a Budget for the many, not the few.

Thanks for all the support you give to the party.

smod · **Posted:** Wed Mar 21, 2012 4:10 pm

http://www.newstatesman.com/blogs/the-s ... n-increase

Abernathy · **Posted:** Wed Mar 21, 2012 4:16 pm

new puritan wrote:

Beaker in July last year:

Quote:

We set out in the Coalition agreement, and it's something that we as Liberal Democrats pushed very hard for, that the Government's first priority in tax reductions would be tax cuts for people on low and middle incomes. Those very families who are working hard to try and make ends meet. Anyone who thinks we're going to shift our priority to reducing the tax burden for the wealthiest has got another think coming.

http://www.newstatesman.com/blogs/the-s ... -alexander

Self delusion, thy name is Beaker.

smod · **Posted:** Wed Mar 21, 2012 4:19 pm

"While exisiting pensioners will lose an average of £83, those who turn 65 later will lose average of £197"

smod · **Posted:** Wed Mar 21, 2012 4:31 pm

Amazing, #GrannyTax is the top trend right now. Some more nuggets of information:

Quote:

Granny tax will cost 350,000 pensioners aged over 65 £285 a year #grannytax

Quote:

HMRC say #grannytax will hit more than 4 million pensioners and cost them £83 by 2013/14

new puritan · **Posted:** Wed Mar 21, 2012 5:05 pm

Let the blue-rinse backlash commence:

http://www.telegraph.co.uk/finance/budg ... -cuts.html

Quote:

Dot Gibson, General Secretary of the National Pensioners Convention, said: “The decision to freeze the age related personal tax allowances effectively means around five million pensioner tax payers will no longer get additional reductions in their tax over the coming years – whilst those on the top rate of tax will see their bills reduced.

“Many older people will feel they are being asked to forego their reduction in tax to help out the super rich. There’s no fairness in that.”

storygirl · **Posted:** Wed Mar 21, 2012 5:26 pm

Bet the blue rinse brigade still all vote tory though.

new puritan · **Posted:** Wed Mar 21, 2012 5:32 pm

I don't know, if enough of them vote UKIP it might cause a few problems for the Tories in marginal seats. Ros Altmann of Saga has been getting stuck into Osborne as well - the natives are restless this afternoon. This comment from the Telegraph article amused and bemused me in roughly equal measure, though:

Quote:

39 minutes ago

I am 62 and totally agree with the Chancellor that pensioners should not get additional tax breaks particularly since large numbers of them voted Labour and helped that Government cause the huge deficit we are now having to fund. We cannot expect all the youngsters to pay for our old age when they have been crippled with a huge interest burden by the Labour party, have to pay far more for their housing and married couples with children have to pay for childcare. Since we all know that the 50p tax rate never worked that is another Labour smokescreen. What a sad useless bunch Labour MP's and their supporters are. They just don't get it. All they can do is blame the banks which they failed to regulate.

Christ, talk about cutting off your nose to spite your face.

Messianic Trees · **Joined:** Fri Mar 18, 2011 10:50 pm **Posts:** 2839

Judging from this quite a few of the Mailites aren't happy:

Quote:

He thinks he is hitting those who can do nothing about it, wait until the next general election and see if they have forgotten he took money away from them and gave it to his millionaire friends.
- thomas, hexham, 21/3/2012 15:09 166

new puritan · **Posted:** Wed Mar 21, 2012 5:48 pm

And, of course, pensioners are on the whole more likely to get out and vote than their younger counterparts. Osborne pisses them off at his peril.

Carlos The Badger · **Posted:** Wed Mar 21, 2012 6:08 pm

Not a set of happy bunnies, are they? I'd laugh my cock off at the stupid, greedy, self-centred half-wits if I wasn't in the same fucking boat!

mattomac · **Posted:** Wed Mar 21, 2012 6:11 pm

Pensioners unlike other groups usually swing elections.

What Osborne has effectively done is given the rich a tax cut while buggering the rest, I'm not sure he will even get a bounce.

crabcakes_windermere · **Joined:** Thu Nov 26, 2009 1:56 pm **Posts:** 2082

Well at least the truth seems to be dawning faster this time, even for the blue rinse mailites. Less than 2 years and they've screwed the poor, unemployed and disabled already and have now started on the elderly. Yet there was enough loose change for a 50p tax rate cut and a corp. tax rate cut. Funny that.

Seriously, other than Clegg and JOHN SMITH, who the hell do they think they're fooling? At this point I wish they'd just be straight and admit it - almost every policy is taking money out of the system to fund tax cuts so you have to pay to replace the missing services, and they own all the companies that will provide those services. You lose twice, they win twice. And if you can't pay, just fuck off and die quietly somewhere please.

EDIT: and just to say, it will get worse. They still need more, so they need to go after more targets and that means more and more people who probably voted for them. And I have to say I almost want it to get worse at this point. I want so many people from so many walks of life and at so many levels affected that what they did and did so blatantly that it simply can't be forgotten for a generation or more. I want Cameron to line his pockets until they burst, but in doing so doom him and his cohort of miserly, self-interested shits to irrelevance and ensure such an almighty backlash that the rich greedy fuckers get genuinely scared.

satnav · **Posted:** Wed Mar 21, 2012 6:55 pm

Both the Mail and the Sun seem to have given the budget the thumbs down. I thought the Chancellor had spent quite a bit on money on private polling to see what measures would play well with the voters he either chose to ignore their advice or the polls they conducted were flawed. I wonder who picked up the tab for the polling?

KevS · **Joined:** Sun Feb 07, 2010 1:59 pm **Posts:** 385

The reaction's quite astonishing really - the Express and the Telegraph don't seem too chuffed either, and I'll wager that if it wasn't for the paywall, you'd see The Times agreeing too.

Think I can guess what the Mirror, Guardian and Indy are saying, and as for the Daily Star...are you kidding me?

The Budget.

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