Tank Slap - Motorcycle Forum

Posted: **22 Nov 2017, 15:41**

Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000

£44bn in government support to boost construction to meet target of building 300,000 new homes a year by the middle of the next decade

100% council tax premium to be levied on empty properties

Compulsory purchase of land banked by developers for financial reasons

Tobacco will continue to rise by 2% above Retail Price Index (RPI) inflation while the minimum excise duty on cigarettes introduced in March will also rise

Duty on hand-rolling tobacco will increase by additional 1%

Duty on beer, wine, spirits and most ciders will be frozen

But duty on high-strength "white ciders" to be increased via new legislation

Fuel duty rise for petrol and diesel cars scheduled for April 2018 scrapped

Vehicle excise duty for diesel cars that do not meet latest standards to rise by one band in April 2018

Tax hike will not apply to van owners

Existing diesel supplement in company car tax to rise by 1%

Proceeds to fund a new £220m clean air fund

Tax-free personal allowance on income tax to rise to £11,850 in April 2018

Higher-rate tax threshold to increase to £46,350

Short-haul air passenger duty rates and long-haul economy rates to be frozen, paid for by an increase on premium-class tickets and on private jets

National Living Wage to rise in April 2018 by 4.4%, from £7.50 an hour to £7.83.

Having had a quick look I think it seems to be a sensible budget.

Posted: **22 Nov 2017, 16:14**

The extra 1% Benefit in kind supplement on diesel cars won’t go down well.

Posted: **22 Nov 2017, 16:16**

I might pick myself up a cheap diesel for the winter months. I reckon they'll be going for next to nothing soon.

Posted: **22 Nov 2017, 16:23**

duke63 wrote:The extra 1% Benefit in kind supplement on diesel cars won’t go down well.

It will with me, just ordered a petrol GTI

Posted: **22 Nov 2017, 17:10**

On the face of it , it looks good for me

I don't smoke .
The 2 or 4 units of beer/cider I drink isn't going to increase.
I drive a van.
I get an increase in my tax allowance.

Happy days

Mickey taking aside , I still don't see how it's going to help young family's get on the housing market on £7.85 p/hour

Posted: **22 Nov 2017, 17:25**

A 300k house is only 18 times your salary if you're on minimum wage.....

Posted: **22 Nov 2017, 17:40**

Yeah...but what percentage of the population is on minimum wage....mebbe 5%??

And how long are they on it for??

Posted: **22 Nov 2017, 17:57**

D41 wrote:Yeah...but what percentage of the population is on minimum wage....mebbe 5%??

And how long are they on it for??

I suspect many only aspire to minimum wage D41, - a large proportion are either on zero hours contracts or "self employed"

Posted: **22 Nov 2017, 18:20**

That bad, eh?

I have to be honest, the last few times I was over there, it wasn't just the weather that was bleak. Shame.

Posted: **22 Nov 2017, 18:38**

Posted: **22 Nov 2017, 18:54**

Kwacky wrote:I might pick myself up a cheap diesel for the winter months. I reckon they'll be going for next to nothing soon.

The road tax for older diesels has also been increased to the next group up.

The death of diesel.

Posted: **22 Nov 2017, 18:57**

D41 wrote:That bad, eh?

I have to be honest, the last few times I was over there, it wasn't just the weather that was bleak. Shame.

We are currently competing with Greece for the bottom spot on wage growth

Posted: **22 Nov 2017, 19:06**

D41 wrote:That bad, eh?

I have to be honest, the last few times I was over there, it wasn't just the weather that was bleak. Shame.

It's also worth saying that's the minimum wage for age 25 or older

Posted: **22 Nov 2017, 19:17**

Around 360,000 earn below the National Living or Minimum Wage. Around 362,000 jobs earned less than the National Minimum Wage or National Living Wage in April 2016, according to the ONS

Posted: **22 Nov 2017, 19:26**

Ok...you lost me - how are people earning less than base rate.....working under the table??

Posted: **22 Nov 2017, 19:56**

Yep, or employers paying minimum wage but taking deductions from salary for various things, which is a common trick.

Posted: **22 Nov 2017, 20:00**

Well, that's just total fcuking b#llsh#t.

Sod that.

Posted: **22 Nov 2017, 20:48**

Well, we don't have a mortgage, I had a good pay increase last year (I work in an industry that suffers from a skill shortage at all levels) I was supposed to have a company car earlier in the year but currently I drive van, I may stick with that. My wife works part time so I claim her unused tax allowance, I don't smoke anymore, I drink moderately (heart surgery last year) we have two bikes, petrol obviously and two cars, one petrol that's almost 20 years old and the other is a two year old diesel that we will probably keep now, so not a bad budget for me and mine I guess.

Posted: **22 Nov 2017, 22:00**

Long-term budget decisions made by the government will hit poorer families hardest, analysis reveals.

According to the Treasury’s own household impact assessment documents, the impact of changes to tax, welfare and public spending will affect those in the bottom income brackets most significantly, as well as those at the very top, both of which will lose nearly 2% of their net income by 2019/20 - the former through welfare cuts and the latter through tax.

Set to benefit most are households with middle and mid-high incomes, some of whom will see an increase of nearly 1% from ‘benefits-in-kind’ from public services.

Overall, the poorest will lose out by between 0.5% and 1% and the richest by just over 1.5%.

Posted: **22 Nov 2017, 23:47**

Monty wrote:
Long-term budget decisions made by the government will hit poorer families hardest, analysis reveals.

According to the Treasury’s own household impact assessment documents, the impact of changes to tax, welfare and public spending will affect those in the bottom income brackets most significantly, as well as those at the very top, both of which will lose nearly 2% of their net income by 2019/20 - the former through welfare cuts and the latter through tax.

Set to benefit most are households with middle and mid-high incomes, some of whom will see an increase of nearly 1% from ‘benefits-in-kind’ from public services.

Overall, the poorest will lose out by between 0.5% and 1% and the richest by just over 1.5%.

Not as bad as it first seems then Monty.??

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