Chris Wilson Posted July 9, 2015 Share Posted July 9, 2015 Thought it pretty good myself, if the promises hold i shouldn't be paying for deadbeats having umpteen kids in the near future. At least without being hamstrung by a coalition they are able to make some policy changes! Quote Link to comment Share on other sites More sharing options...
j_jza80 Posted July 9, 2015 Share Posted July 9, 2015 My favourite part was watching the faces of the opposition. And Commisar Harmans response was pathetic. Otherwise, I'm glad that finally they will introduce legislation to prevent borrowing during times of growth, even an idiot knows that is common sense. Quote Link to comment Share on other sites More sharing options...
markssupra Posted July 9, 2015 Share Posted July 9, 2015 Pretty good overall, best thing for me personally is the annual investment allowance fixed at £200,000. It was due to drop from £500,000 to £25,000 at the end of this year, which is worth basically nothing to me when I purchase new CNC machinery at £250,000 each, this will help me to keep creating more jobs for people. Quote Link to comment Share on other sites More sharing options...
johnny g Posted July 9, 2015 Share Posted July 9, 2015 I thought it was a very positive budget. Good news for the lower end on the tax. The child care will help a few people I know, which is good. I welcome the Corp. Tax cuts as well, but I'm still sceptical of the Northern Powerhouse idea. Many main businesses will still operate out of London. Quote Link to comment Share on other sites More sharing options...
The-Plethora Posted July 9, 2015 Share Posted July 9, 2015 Worked for me, limiting child tax credits to the first 2 children should have been done years ago and capping benefits to £20,000 is a good step. Nobody should get more for sitting on their ass than someone who goes out to work. Increasing the minimum wage whilst a interesting footnote isn't something I can see making much of a difference with the price of things these days, this needs much more of a boost to get away from the "I'm better off on benefits" culture. Fuel duty being frozen is good but already the price is getting back to what it was a few months ago. Also... • Vehicle Excise Duty is also being reformed. New cars will pay a variable rate, but beyond the first year, drivers will pay £140 in tax on most cars. Drivers are exempt if the car has zero carbon emissions. Hmm no savings buying a nice small economic car then? Quote Link to comment Share on other sites More sharing options...
Gaz6002 Posted July 9, 2015 Share Posted July 9, 2015 Hmm no savings buying a nice small economic car then? Only if it emits no CO2. Quote Link to comment Share on other sites More sharing options...
Pete Posted July 9, 2015 Share Posted July 9, 2015 Car insurance premium tax is being hiked from 6pc to 9.5pc - BOOO! A new National Living Wage to reach £9 per hour by 2020 - Boooo! Corporation tax will be cut to 19pc in 2017 - YAY! Small firms' NI contributions will fall, with a £3,000 employment allowance. - YAY! Dividend tax credit will be replaced by a new £5,000 tax-free dividend allowance. - YAY! But dividend tax rates are going up from zeo to 7.5pc for basic rate income tax payers - BOOOOOOOOO! The rest of it about making people get jobs is brilliant. I just wish they weren't making small business owners pay so much more via min wage increases, mandatory pensions and dividend taxes Quote Link to comment Share on other sites More sharing options...
bignum Posted July 9, 2015 Share Posted July 9, 2015 The rich get richer, the poor get poorer- Yay, looks like the crime rate will go up too-YAY, great for my business! Quote Link to comment Share on other sites More sharing options...
cered Posted July 10, 2015 Share Posted July 10, 2015 The rich get richer, the poor get poorer- Yay, looks like the crime rate will go up too-YAY, great for my business! So much this with the tories, cutting at the bottom and not the top Quote Link to comment Share on other sites More sharing options...
Al Massey Posted July 10, 2015 Share Posted July 10, 2015 Why are people moaning about paying more then minimum wage? That's a good thing, minimum wage is far too low You want to pay tuppence but want people to come on and pay for your business. Well works both ways Quote Link to comment Share on other sites More sharing options...
formatzero Posted July 10, 2015 Share Posted July 10, 2015 Good to see the armed forces getting two percent of GDP committed. Quote Link to comment Share on other sites More sharing options...
Pete Posted July 10, 2015 Share Posted July 10, 2015 Why are people moaning about paying more then minimum wage? Because if you have quite a few staff in a relatively unskilled job that are on low wages, you're suddenly having to increase your costs by a substantial amount. That means your sale prices need to rise, which mean people need to pay more for the goods, or if you're unlucky enough to be in a market that's cheaper to outsource abroad - you become uncompetitive in the market. Quote Link to comment Share on other sites More sharing options...
imi Posted July 10, 2015 Share Posted July 10, 2015 Was hoping they would ban cash and put an end to the cash in hand and black market stifling the country of much need Tax revenue and Jobs...... Quote Link to comment Share on other sites More sharing options...
Pete Posted July 10, 2015 Share Posted July 10, 2015 Was hoping they would ban cash and put an end to the cash in hand and black market stifling the country of much need Tax revenue and Jobs...... One thing the Greek crisis has taught me is just how under control we are by the government. Money locked down, taken away, whatever they choose really. Quote Link to comment Share on other sites More sharing options...
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