I warned you about the budget!

Reading in the papers today, it seems that most of my predictions will come true(previous blog).

In the next budget, we can expect a basic tax rise of about 2p in the pound at least!
We will see N.I. contributions rise.
The government would love to see VAT at 20%

Of course we have to see:
Cigarettes rise by about 5p
Alcohol 2p on Beer and about 5p on spirits
Road tax 10-15 pounds
Petrol 2p

This is because they are a captured market.

Also expect council tax to go up about 50 pounds a year,
plus more tax on things like improvements and sheds/conservatories etc.

Papers are saying that eventhough pensioners have a 1.5% increase for next year, it's all taken back the following year.

Services will be cut as budgets are slashed in certain sectors.
Expect the Labour party to renege on previous promises, like funding for NHS and Education.

The reason I am saying this is beacuse the pre-budget report didn't spell out enough in order to cover the revenue that Alistair Darling announced.

At the end of the day there is a threshold that people can pay taxes and we are getting near to this before a fallout from the voters.When the Conservatives take over, they will have a hard job, but the Conservatives will be experienced at this, as per when Margaret took over in a similar situation.