Wednesday, March 23, 2011

Budget Day

What to expect:
Although petrol prices won't go up, look for the road tax to go up by about Stg 10 a year. This will be against a non-rise in petrol of 1-5 pence. Guess who wins?
Playing around with pensions will mean a loss to alot of people
Expect alcohol to go up quite abit.
Expect Cigarettes to go up by about 20p a pack
Maybe VAT on more items
No push to make banks lend
Expect about 50,000 new apprenticeships but this isn't good enough bearing in mind there are 1 millions people under 25 out of work. The minimum required would be 300,000. When will this come??
Expect cuts in NHS and other local services. This puts the doers out of work but not the managers.
Merging of the National Insurance and personal tax will increase taxation and not decrease it, be warned!
I hope a freeze on overseas donations or even a reduction is in the announcements.

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