 davidhandsclarke 1 year ago
This topic is closed.
|
|
 Posts: 13 Member rating: 1 |
info taken from bbc news:
http://news.bbc.co.uk/1/hi/uk_politics/6472999.stm
WINNERS AND LOSERS
Those earning less than about £17,000 will lose from the abolition of the 10p tax rate but they should more than claw it back from working tax credit
Anyone earning between about £17,000 and £40,000 a year will be better off
(us students)
before this budget there was another tax band before 17k. now thats gone, tax will be deducted at 20% rather than 10%. The government says that 20% is better than 22% but i see that weve lost out alot here
Duty on beer and cider rises 1p a pint, wine 5p and a packet of cigarettes 11p.
Mr Brown also cut VAT from 17.5% to 5% on nicotine patches and similar products and said duty on spirits was being frozen.
This year's 2p fuel duty rise will be delayed for six months.
More cash for schools and hospitals, not adult education it seems
Mr Cameron told Mr Brown that average families were paying £1,300 more "because of your Budget decisions".
ive put across lots of areas where weve lost out here.
let me know where students gain |
|
|
|
|
|
thegumqueen 1 year ago
This topic is closed.
|
|
 enigmatic do-gooderPosts: 56 Member rating: 3
|
I can't answer your question on how students gain, but another loss is for small companies, where corporation tax has been raised from 19p to 22p, yet larger corporations have had a cut of 2p (however, this is because of a cut in capital allowances - but will this cut in allowances affect the smaller companies too?) |
|
|
|
|
|
mattblackall 1 year ago
This topic is closed.
|
|
 I am MattPosts: 16 Member rating: 1
|
In the guardian today, there was an article about the impact of the budget upon student loan interest rates.
This is because Mr Brown is apprently going to sell the outstanding debt to private companies for about £6billion- raising fears that they may start charging commerical rates of interests instead of the inflation set interest that are currently being charged.
This is because the treasury are losing out on money by having these loans, predicted to be about £1billion soon.
Anyway its been a while since i studied economics, so i dont know all the ins and outs of what is happening, but i have a good general understanding of it, but there is a tiny bit on here: http://www.nusonline.co.uk/news/274069.aspx
Matt
Message edited by: mattblackall at: 22/03/2007 11:24 |
|
|
|
|
This topic
show/hide more feeds
Back up
