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Thread: The Budget

  1. #1
    DR
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    The Budget

    Budget So far:

    The chancellor opened his speech saying: "The purpose of this Budget is to lock in for Great Britain the economic stability that can and will endure."

    Britain was enjoying its longest period of sustained economic growth for 200 years - since the beginnings of the Industrial Revolution, said Mr Brown.

    The British economy grew by 2.3% in 2003, meeting Treasury forecasts.

    The growth forecast remains at 3-3.5% for 2004 and 2005 and at 2.5-3% for 2006.

    Claimant count unemployment was now at 2.9% on Wednesday's new figures - the lowest since 1993.

    Manufacturing output is expected to grow by just under 2% this year and over 2% next year.

    The deputy prime minister will consult on how to increase the supply and affordability of housing after Wednesday's Barker Review on homes' shortages.

    The Treasury will review progress on joining the euro in the next Budget, but not now.

    The government's fiscal rules have been met at every stage of the economic cycle, said Mr Brown.

    The "golden rule" on balancing the books over the economic cycle will be met with a £11bn surplus.

    The public sector borrowing for 2003/4 will be £37.5bn.

    Tax rates will be frozen on: corporation tax, capital gains tax, air passenger duties, vehicle excise duty.

    Stamp duty also frozen.

    Betting duties also remain unchanged, but there will be a review of the tax treatment of betting exchanges.

    Inheritance tax rates are frozen, with the starting point for the tax raised to £263,000.

    20,000 civil servants to be moved out of Whitehall to the regions.

    Firms with turnovers of less than £58,000 will not have to register for VAT from 1 April.

    Tax relief for small-budget British films will be transferred directly to the filmmakers to avoid third parties wrongly taken advantage of the measure.

    Duty on pint of beer raised by 1p but frozen on spirits, cider and sparkling wine.

    Tax on cigarettes up in line with inflation - 8p a packet.
    http://news.bbc.co.uk/1/hi/uk_politics/3519852.stm

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    Budget Taxes High end PC'S and case mods! :-s
    Chancellor Gordon Brown has claimed the new breed of computer modder and high end system buff should contribute more to tax revenues above the 17.5% VAT already collected on such items.

    In todays budget he announced a 5% 'mod' tax on all case modifications, a 15% 'green' tax on all PSU's over 300W and a 10% surcharge on all new PC's rated over four thousand in 3DMarkSE.

    http://news.bbc.co.uk/1/hi/uk_politics/3519852.stm

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    Will work for beer... nichomach's Avatar
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    LOL

    In addition, he's planning extensions to TCPA/Palladium to catch so-called "soft-modders" who would otherwise escape performance-related taxation...

    Class, Aeon

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    Surley judging by the age and performance of my 1.4 Athlon system I should should get Tax relief (Like they do with older cars).
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    Q6600 G0, Thermalright Ultra 120, ABIT IP35 PRO, 4GB Corsair DDR2, Trusty old Tagan 480u, BFG 8800 GTS 512, Samsung F1 750 GB.

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    Quote Originally Posted by grand_witch
    Surley judging by the age and performance of my 1.4 Athlon system I should should get Tax relief (Like they do with older cars).
    Never mind a break - they'll give you clock-speed support!
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    Maybe I could even get an EU grant!!!!!
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    If your 5555... Swafe's Avatar
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    1p more a pint :'(
    Quote Originally Posted by Knoxville
    As I find big muff's to be a bit of an aquired taste
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    1p more a pint :'(
    Not if you're a girl or live in Cornwall!
    Cider duty remains the same, I bet the tramps are pleased.

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    MD
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    aye the cider drinkin fokes be a smilen

    personallyI think this budget was powered by a party worried about the election. Politicians, bunch of muppets I tell ya.

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  10. #10
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    i nearly cried - beer and fags price gone up! my daily sustenance is gettin more and more pricey! dammit!

    if war is the answer, then we are asking the wrong question
    2 things i hate the most - xenophobia and the french
    "chuffing"

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    I was also slightly disappointed with the 8p rise in cigarettes.

    I'd guess that the only reason that beer duty raised by a measley 1p is most likely due to John Prescott threatening the Chancellor with fisticuffs

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    so the average night out is gonna cost me 28p more, 28p * 5 nights a week = £1.40

    52 weeks a year * £1.40 = £72.80

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    so the average night out is gonna cost me 28p more, 28p * 5 nights a week = £1.40
    your average night sounds quite good
    Monday=28 pints of lager
    Tuesday= 4 bottles of wine, 10 pints of cidar, 1 pack of fags and 2 litres of diesel
    Wednesday=3 packs of fags, 2 litres of diesel and 2 bottles of fizzy wine
    Thursday=Rest
    Friday=10 Litres of LPG and 4 pints of lager
    Saturday=6 bottles of wine and 2 pints of lager
    Sunday = Rest

    Sound right?

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    Quote Originally Posted by aeonf242
    your average night sounds quite good
    Monday=28 pints of lager
    Tuesday= 4 bottles of wine, 10 pints of cidar, 1 pack of fags and 2 litres of diesel
    Wednesday=3 packs of fags, 2 litres of diesel and 2 bottles of fizzy wine
    Thursday=Rest
    Friday=10 Litres of LPG and 4 pints of lager
    Saturday=6 bottles of wine and 2 pints of lager
    Sunday = Rest

    Sound right?
    close

    i was thinkin more of 8/9 packs of fags a week n 50ish pints dependin wich pubs i go in

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    I used the BBC link to calculate if it made any difference to me, it didn't, so I'm happy at the moment with it (since I don't drink, smoke or have a car).

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