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.
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.