Budget at a glance!

<table cellspacing="0" cellpadding="0" width="629" border="0"><tbody><tr><td colspan="3"><div class="mxb"><div class="sh">Point-by-point: Budget </div></div></td></tr><tr><td style="width: 416px" valign="top"><font size="2">The key points from Chancellor Gordon Brown's eleventh Budget:

</p>[*]Basic rate of income tax to fall from 22p to 20p from April next year.

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</p>[*]Beer will rise by 1p a pint from midnight Sunday, cider by 1p a litre, wine by 5p a bottle and sparkling wine by 7p. Duty on spirits will be frozen.

</p>[*]Cigarettes to rise by 11p a packet. VAT on nicotine patches to be cut from 17.5% to 5%.

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</p>[*]Road tax on highest-polluting vehicles up to &pound;400 from April next year.

</p>[*]Fuel duty up 2p per litre, in line with inflation.

</p>[*]Top-rate income tax threshold will rise to &pound;43,000 from April 2009.

</p>[*]Education spending in England will rise from &pound;60bn this year to &pound;74bn in 2010. From now to 2010 spending per pupil rise by a further 20 per cent, 10 per cent in real terms, to &pound;6,600

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</p>[*]Corporation tax will be cut from 30p to 28p from April next year.

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</p>[*]Tax exemption for capital gains will rise from &pound;8,800 to &pound;9,200, and will be &pound;18,400 for married couples.

</p>[*]Inheritance tax will rise from &pound;285,000 now to &pound;350,000 in 2010.

</p>[*]Child benefit, for a first child, will rise from &pound;17.45 a week to &pound;20 a week by 2010.

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Tax-free allowance for pensioners under 75 will rise in three stages from &pound;7,280 to &pound;9,770 in 2011. For over-75s, the tax free allowance will rise annually from &pound;7,420 to by &pound;10,000 by 2011. </p>

</p>[*]Grants of &pound;300 to &pound;4,000 for pensioners installing insulation and central heating in their homes.

</p>[*]Until 2012 all new zero carbon homes up to &pound;500,000 will be exempt from stamp duty.

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</p>[*]50,000 16 to 17-year-olds who sign activity and learning agreements will receive a training wage in return for gaining skills.

</p>[*]All the 125,000 people who lost their pensions because of company insolvency will get help with a financial assistance scheme increased from &pound;2bn to &pound;8bn.

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</p>[*]Mr Brown said the British economy was growing faster than all the other G7 economies. Growth is stronger than the Euro area, Japan and America.

</p>[*]Inflation will be on target in 2008 and 2009, according to forecasts.

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</p>[*]In the last year investment has grown by 6%, business investment by 7%, and inward investment by 10%. Business investment is forecast to rise again by more than 7% this year.

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</p>[*]In the last year employment has risen, with 220,000 more men and women in work.

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</p>[*]In 2008, Britain's growth will be the highest in the G7, between 2.5% and 3%.

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</p>[*]The landfill tax will, rise by &pound;8 each year from April 2008.

</p>[*]Britain's net borrowing, which in the early 1990s went as high as 8% of national income is this year just 2.7%. It will fall to 1.4% by 2012.

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</p>[*]Asset sales will rise from &pound;18bn to &pound;36bn, with the sale of spectrum, a &pound;6bn sale of the student loan book, and further financial and corporate sales at home and overseas.

</p>[*]Investment in schools, hospitals, security and defence and infrastructure will rise from &pound;43bn this year to &pound;60bn by 2012.

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</p>[*]Total government spending will rise to &pound;674bn by 2010/11.

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</p>[*]An extra &pound;400m to be allocated to the Ministry of Defence to cover overseas commitments in Iraq, Afghanistan and elsewhere.

</p>[*]Investment in the NHS in England will rise by &pound;8bn this year.

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</p>[*]Public investment in science will rise from &pound;5bn this year to &pound;6.3bn by 2010-11.

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</p>[*]Tax rate on small companies to be raised in three stages from 20p this year to 22p in 2009.

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</p>[*]&pound;50m for a 10-country initiative across central Africa to prevent the destruction of the second largest rain forest in the world.

</p>[*]&pound;800m to the Environmental Transformation Fund, jointly run by the international development and environment secretaries.

The chancellor sat down at 1320 GMT </p></font></td></tr></tbody></table>

 

note that owt benefits us is next year or late, but all the ***** is now nt

 

Hasnt he removed that 10% band of Income Tax?

If so , wont we all be worse off?

 

http://news.bbc.co.uk/1/hi/uk_politics/6472999.stm

 

RE: Hasnt he removed that 10% band of Income Tax?

He has but overall it makes you slightly better off.

 

Define gas guzzing 4X4. I have a Freelander that does 40+ to the gallon. Am i gonna get hammered ?

 

No changes to stamp duty band points

Absolute dry bum rape.

 

no stamp duty if your house is made from magic though.

 

Mine is made from crusty winnets

Do I get any relief?

 

you're better off if you earn over about £17k

you're only better off if you earn over about £17k, otherwise you're worse off

not much like a labour govt that is it, making life more difficult for the less well off and rewarding the higher earners?!

 

Try rubbing your house with tissue for a bit, it'll come up nice.

 

Road tax

The rise in VED for Band G cars - which include not only 4x4s but also some large people carriers and estate cars - was accompanied by a £10 rise for Band F vehicles, the next most polluting cars.

But while the least polluting Band A cars will continue to pay no VED, the next cleanest in Band B will see their rate cut to £35 from £50 for diesels and £40 for petrol cars.



Any idea where I can find a list of what cars are in what bands?

 

RE: Road tax

You want a website with a list of what cars are in what bands.

 

try here

http://www.vcacarfueldata.org.uk

 

or here

http://www.parkers.co.uk/cars/ved/</p>

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Cheers for that

Band F it is then

 

RE: Cheers for that

Gas guzzler.

 

RE: Cheers for that

Me too I'm afraid. T'other cars too old to have a band though.

 

RE: Road tax

Hartog's car - Elastic band.
TM's car - Brass band.
Jay's car - Hair band.
Dillinger's car - Grimethorpe Colliery Band.
SM's car - FM band.

Or summat.

 

sold my car so dont give a nt