Probably one of the more important budgets in recent years.

I think we can expect VAT to jump to 20%
Banks to have a levy placed on them that essentially a token gesture to show the public they're doing something
Massive cuts in transport spending
Cuts in fuel rebates
Cuts..
Tax..
Cuts..

Unemployment is rising along with household debt, government spending will contract which will mean a lot more taken from those of us in work.

Interest rates will likely remain low for years in order to prevent Britain from going bankrupt. The whole situation is a mess and savers will be hammered whilst reckless borrowers get rewarded.

We're at 1.48 vs the $, an amazing price considering our situation. This could be the last chance we have to dump sterling and convert our savings into a more worthwhile currency or commodity.

Munkey I can't believe you want to drop the £

tut tut tut :-)

The yuan is the current currency that's going to rise against the dollar since the pegs have been removed.

I think you are right, but it sounds like they are going after the welfare system too.

About time.

I just hope that the cuts and taxes are proportional, and fair. Not just hammering the less well off within the country, who are already struggling due to the financial crisis facing us all.

I personally would like to see an increase in taxes for those earning over £50,000 a year, and also closing of tax loops that many of the rich take advantage of. I have also heard that the rich will be charged for health services and stuff, which I think is an excellent idea, as they would normally go private, then allow them to on the NHS, but the NHS will benefit from these monies, rather than individual doctors.

Big increase in fuel, and alcohol will no doubt insue which will cripple all of us, I await yet another riot of the thatcher 80's.

Originally Posted by Penners

Munkey I can't believe you want to drop the £

tut tut tut :-)

The yuan is the current currency that's going to rise against the dollar since the pegs have been removed.

With real interest rates being negative, anyone holding more than a few hundred quid in sterling is a mug, but you know that Penners, thanks for the taunt though My allegiance is to money, not to any one currency.

I'd agree mozr, Labour did a sterling job at buying the publics votes through the welfare system, although I must admit had I been a teenage girl with no prospects I'd have let witchy get me up the spout. I probably would have asked for a fully loaded Winabago from Coatbridge council.

So far as the cuts being proportional goes, there is practically no difference in the lifestyles of the rich or poor. They all wear Louis bloody Vitton..

Originally Posted by Munkey

With real interest rates being negative, anyone holding more than a few hundred quid in sterling is a mug, but you know that Penners, thanks for the taunt though My allegiance is to money, not to any one currency.

I'd agree mozr, Labour did a sterling job at buying the publics votes through the welfare system, although I must admit had I been a teenage girl with no prospects I'd have let witchy get me up the spout. I probably would have asked for a fully loaded Winabago from Coatbridge council.

So far as the cuts being proportional goes, there is practically no difference in the lifestyles of the rich or poor. They all wear Louis bloody Vitton..

Yeah but the chavs get theirs from down the local market and they are fake. I agree that the welfare system needs to be reviewed, again the support offered to single young pregnant females is a joke, as is the support offered to drug users, with regards to housing. I cannot get a flat or house due to the restrictions placed due to pregnant young drug riddled girls, or just drug riddled people. Instead I have to pay exorbotant amounts in privately renting, to allow me to have my own space.

There is so much wrong with this country, that I dont any party can sort out the problems that we are currently facing. The welfare system is a joke, and needs to be overhauled immediately. As does the tax system, the expenses of the MPs amongst other things. Trident can be placed on hold for 10 years saving us several billion pounds, surely this is a saving that must be made.

Originally Posted by Munkey

They all wear Louis bloody Vitton..

They never could spell in Hong Kong.

Originally Posted by Munkey

I'd have let witchy get me up the spout.

Aye, instead of making me where those stupid fecking condoms.

I probably would have asked for a fully loaded Winabago from Coatbridge council.

Just the one?

Yah, Cider isn't going up, I can spend next weeks Giro on a crate of Merrydown and a slab of Tennents Super.

Originally Posted by janobi

I personally would like to see an increase in taxes for those earning over £50,000 a year, and also closing of tax loops that many of the rich take advantage of. I have also heard that the rich will be charged for health services and stuff, which I think is an excellent idea, as they would normally go private

The problem is currently if you earn or have a combined income of over £34k per year you are classed as rich, which in todays times is not rich.

Why is it that the people that pay taxes into the sytem, then have to pay again for healthcare ie. prescriptions, yet people that don't work and put in to the system are able to take things for FREE?

I pay my income tax into the system but others on the street pay nothing in yet get given everything by the government. I hope this changes.

You should have a fund set aside for healthcare that you pay into and use it as and when required, but if you don't contribute into the pot you can't take any out.

May be controversial to say but my opinion on this one:

:: Tax credits to be reduced to families earning over £40,000 next year

Personally I think that is still way too high,it should have been capped at £30,000

Anyone who earns £40,000 a year shouldn't be needing Government tax credits in the 1st place.

I'm bringing up two kids,I work full time with only my wage coming in the house. The tax benefits are the only benefit I receive but I'd like to see some of these high earners live on my yearly wage and then they would realise how needed our tax credits are compared to their own.