Budget

[BillyStubbsTears]

Typical Tories eh?

The income tax and NI tax changes in the Budget.

If you earn £10k per year, you'll be £2 a month better off.

if you earn £20k or £30k a year, you'll be £12 a month better off. 

If you earn over £50k, you'll be £43 a month better off.

Check it out for yourselves.
https://www.bbc.co.uk/news/business-17442946

This from the party whose very first change in 2010 was to stop Govt putting money into Child Trust Funds, which went to everyone, but particularly benefited those who couldn't afford to put much aside for their kids. The Tories said the country couldn't afford this because of Austerity. But at the same time, they introduced top rate tax relief on savings that people make for their own kids. So that anyone on £100k a year with two kids who could afford to put £500 a month into trust funds for each of their kids was effectively given £5000 a year as a tax rebate.

Not even subtle. Just nakedly rewarding the richer people in society. Just like the Tories always do. And still working class people think these t**ts are on their side.

[big fat yorkshire pudding]

Tend to agree a little bit actually - does someone earning £50k even notice the difference?  Nope.

It does though depend on what level you're at.  Say you earn £50k you probably don't gain that much if you're paying a fair amount in to a pension or a student loan as the tax relief on that probably takes you under the HEL threshold as it is, drastically reducing the benefit you get.  That further makes the point though - the benefit is even less at that point and it really is those higher earning people that earn more out of it (they will claim they already pay out a significant amount).

The point is though, nobody would really have blinked had he done nothing - definite political move and whilst ever it's in effect % changes, those with more benefit more.

[Glyn_Wigley]

All this 'end of austerity' guff gives me the impression of this being an election budget. But we're not going to have another election..are we?

[idler]

I and most others would rather the extra few pounds We will get a month be used more wisely. No change and there would be a few million extra in the pot. The problem is this government spending it wisely.

[Boomstick]

Naturally as you earn more, you save more.
Is working damn hard and being successful a crime ?

[idler]

There is no problem with that Boomstick as everyone should be able to have the incentive to earn more.
I do have more sympathy with a surgeon rather than Osborne,Cameron and the likes of Boris though.

[big fat yorkshire pudding]

Naturally as you earn more, you save more.
Is working damn hard and being successful a crime ?

Of course it isn't.  But for such a small amount of money relatively speaking I suggest most don't really notice it that much.  Of course on the flip side proportionately a pay rise in line with inflation is worth less for a high earner than a low earner.

[MachoMadness]

Interesting strategy. Starve public services of funding for years, then throw them a pittance - £400m for "little extras" for schools? Are toilet paper, white board pens, and working  computers "extra" now? - and expect them to be thankful. It's like kicking someone in the knackers with steel-toed boots for 8 years, then suddenly taking off your boots one day and expecting the bloke to be thankful.

[RedJ]

Naturally as you earn more, you save more.
Is working damn hard and being successful a crime ?

Of course it isn't.  But for such a small amount of money relatively speaking I suggest most don't really notice it that much.  Of course on the flip side proportionately a pay rise in line with inflation is worth less for a high earner than a low earner.

Aye, especially when your bloody employers don't give pay rises in line with inflation...

[BillyStubbsTears]

No BS. Of course it isn't. It's a natural and laudable thing to do.

Not sure what on earth it has to do with what we're talking about here though.

[big fat yorkshire pudding]

Interesting strategy. Starve public services of funding for years, then throw them a pittance - £400m for "little extras" for schools? Are toilet paper, white board pens, and working  computers "extra" now? - and expect them to be thankful. It's like kicking someone in the knackers with steel-toed boots for 8 years, then suddenly taking off your boots one day and expecting the bloke to be thankful.

I used to work with schools as a supplier of many things.  You would not believe the amount of money they waste.  Things that they would buy and replace just because they could in many cases.

[RedJ]

Interesting strategy. Starve public services of funding for years, then throw them a pittance - £400m for "little extras" for schools? Are toilet paper, white board pens, and working  computers "extra" now? - and expect them to be thankful. It's like kicking someone in the knackers with steel-toed boots for 8 years, then suddenly taking off your boots one day and expecting the bloke to be thankful.

I used to work with schools as a supplier of many things.  You would not believe the amount of money they waste.  Things that they would buy and replace just because they could in many cases.

Aye cos if you didn't use your budget you had it reduced.

[albie]

Bramall not even mentioned by spreadsheet Phil.
Time for Terry to step up to the plate and replace the dismal Hammond.

Nowt really surprising. Hammond knows the grim reaper is just edging his blade, so it matters little in the long run.

[big fat yorkshire pudding]

Interesting strategy. Starve public services of funding for years, then throw them a pittance - £400m for "little extras" for schools? Are toilet paper, white board pens, and working  computers "extra" now? - and expect them to be thankful. It's like kicking someone in the knackers with steel-toed boots for 8 years, then suddenly taking off your boots one day and expecting the bloke to be thankful.

I used to work with schools as a supplier of many things.  You would not believe the amount of money they waste.  Things that they would buy and replace just because they could in many cases.

Aye cos if you didn't use your budget you had it reduced.

Yes which is the wrong mentality. Probably reduced because it wasn't needed and then can be redeployed where it is.....

[wilts rover]

Interesting strategy. Starve public services of funding for years, then throw them a pittance - £400m for "little extras" for schools? Are toilet paper, white board pens, and working  computers "extra" now? - and expect them to be thankful. It's like kicking someone in the knackers with steel-toed boots for 8 years, then suddenly taking off your boots one day and expecting the bloke to be thankful.

I used to work with schools as a supplier of many things.  You would not believe the amount of money they waste.  Things that they would buy and replace just because they could in many cases.

Aye cos if you didn't use your budget you had it reduced.

Yes which is the wrong mentality. Probably reduced because it wasn't needed and then can be redeployed where it is.....

It's a shame I didn't know that you had experience in school budgets BFYP. I am a governor of my local primary school and last year we had to make a big saving - you could have given me some advice on which 2 teachers we should have made redundant?

Yes we can carry money over - we are obliged to hold so much in reserves for capital works. We had a surplus of around £20k at the end of last year. Looking at the current forecasts it should be c£8k this year and if all things stay as they are a deficit of c£30k in three years. If I am still here then I will be back in touch then asking for advice on who the next teacher to go should be?

[Iberian Red]

Interesting strategy. Starve public services of funding for years, then throw them a pittance - £400m for "little extras" for schools? Are toilet paper, white board pens, and working  computers "extra" now? - and expect them to be thankful. It's like kicking someone in the knackers with steel-toed boots for 8 years, then suddenly taking off your boots one day and expecting the bloke to be thankful.

I used to work with schools as a supplier of many things.  You would not believe the amount of money they waste.  Things that they would buy and replace just because they could in many cases.

Maybe you've worked with schools,but obviously never worked in one. If you have a child I hope he/she never comes home with their arse chapped and covered in shite as there is no toilet paper to wipe it with.
 
Caring Britain.
I'm alright Jack.

[ravenrover]

Do we assume that you have?
Mindst you with a nom de plume of Iberian Red is fair to assume your residence is outside of the UK.?

[Iberian Red]

Raven, in response to your first question, yes.
In response to your second,maybe I just like a bit of thick gammon.