Well what a useless budget for the motorist. . .

[Adrian E]

Originally Posted by PsYcHe

And although the personal allowance goes up.. the 40% bracket goes down, so worse off there.. Then I'll lose out on child benefit, that's another £1,400 quid a year.. Reckon I'm going to be about 3k a year worse off!!

Yeah, we're fooked on that as a 1 income household too - my wife will have to do self assessment to keep a % of the child benefit on the sliding scale from £40-50k which is a lot of ongoing agro for very little financial benefit, especially if she gets a pay increase ever again. So they haven't addressed the issue of 2x£40k salaries still getting it all, they've just moved the goal posts a bit....I gather this is because HMRC are incapable of marrying up co-dependants tax details at the same address to allow the system to be any 'fairer' without spending more on sorting out how you determine that than they save by cutting entitlement....

I noticed our local petrol station has whacked 2p on fuel this week just in case there was a drop in duty they needed to 'absorb' in the profit margin! Hopefully that'll drop back down again now, although it's still nearly 150p a litre for v-power! Would be cheaper to run the car on Aldi vodka!!

[Singh]

Hmm. I'm unaffected, I will be about £8-10 worse off every month commuting to work in terms of fuel though. Was looking at my payslip today, horrible seeing the tax deductions.

[IT]

The joys of self employment, looks the missus will be getting a payrise to balance things out....

[briang9]

Its not great news is it, wife now into the 40% tax bracket, lost out big time on child benefit (losing main one anyway as oldest wont qualify beyond July),cant afford the extra stamp duty so probably lost the deposit on the new £2m pad we were planning to retire to as well, not to mention the extra fuel duty, off to look for a Kia Picanto


we're doomed, doomed I say

[tonupkid]

Tell you what. I wouldn't joke to much about the stamp duty on £2 million plus houses.
Who, 20 or 30, years ago would have predicted house prices as high as they are now, so who's betting about the average house not hitting £1 million and above.

Factor in inflation, and the ease with which money freshly created out of nothing by the Bank of England can be lent, not once, but over a hundred times
(believe me this is true they do lend money they don't have, many times over). Anyways chuck loads of dosh into the system and house prices will again take off.

There's a housing shortage a rising demand add the above and we'll soon all be paying 7% stamp duty, mansion tax or whatever green eyed name they mint

[limoncello]

i tried the bbc budget calculator this morning- it says i will be £280 better of in 2012

why dont i believe that