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The Budget: Anyone Feeling Better Off?

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AB Editor | 16:13 Wed 16th Mar 2016 | News
39 Answers
Hi! Did you enjoy George's 62 minute speech?

http://www.bbc.co.uk/news/business-35811775

A few bits:

* The annual Isa limit for regular Isas for all age groups is to rise from £15,000 to £20,000.

* The higher rate threshold will increase to £43,000 in April, and now Mr Osborne has said it will go up to £45,000 in April next year.

* A sugar levy was announced by the chancellor that may change the sugar content of fizzy drinks. This is applied to businesses, not on the consumer directly.

* Excise duties on tobacco will rise by 2% above inflation.

* A rise in Insurance Premium Tax. This was last raised from 6% of an insurance premium to 9.5% in November - a move that the Association of British Insurers (ABI) says added nearly £13 to the average comprehensive motor insurance policy. Now Mr Osborne has announced that this will rise again to 10%.

Anyone feeling better off?
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I thought 3 was a sweetener.
16:28 Wed 16th Mar 2016
^^^^^^^^^^hence my other thread about understanding the opinions of others^^^^

Islay

//Hubby and I will be better off by £13 a month (using the BBC calculator)//

Is that calculator in the link above. I can't comment either way on the OP question until I get a reasonable tick box calculator.?
Retrocop, this is the one I used its very easy


http://www.bbc.co.uk/news/business-17442946
Just done the calculator and as expected the answer is 'Zero'
Svejk > I thought 3 was a sweetener.

That answer was a bit too sacharinne for me! ;)
Islay
Many thanks. £5.25p per month better off. I don't think I would of noticed that windfall to be honest.
Oh my, the budget means that we are likely to see more of mikey down here what with the Severn Bridge fees cut and the incentives for the S-West......

Are we ready?
70 p worse off....I'll have to look more aggressively for wine bargains....
lol retrocop - I got a fiver plus and hubby got 6plus so yep won't even buy me a bottle of gin!!
Better than the other way tho....
Bet that's what Jeremy said to Diane Abbott.......
£1.68 a month better off. Excellent:-)
No, no better off as far as I can see. I'm going to have to start drinking whisky instead of wine. :( .......... Shame, wine is better for me.
^^ Just done Islay's site, I'll be £6.36 a month better off -but a caveat that I may be losing that elsewhere. Looking at the increase in rates - that's not a lot....
All of the calculated losses and gains prove my point:

Plus £13; No Change; £5.25; £5; £6; £1.68; .70p.

The country has debts of over £1,000 billion pounds. That’s over £15,000 for every man, woman and child in the country. Yet here we have dozens of politicians employing an army of scribes, analysts and advisors to produce measures which make virtually no significant difference to anybody. The cost of these unproductive drones and lackeys must be enormous. This does not of course consider the costs involved in actually implementing the changes. Any small gains will be more than wiped out by measures not mentioned in the budget (my Council Tax is set to increase by 4%; my telephone rental bill has just increased by 14% of which a fifth is VAT).

The country is mired in debt but instead of tackling it politicians spend their time fannying about with pennies. What a bloody farce!!!
Just checked, Rates are up over £3.00 p.m., so that's half gone already. Looking at other increases in bills I reckon I'm slightly worse off. Then if you add in the fact that I'm getting virtually nothing on savings I'm definitely worse off.

At best I am standing still. Suspect that if I probe further I shall be a bit worse off.

Question Author
Using the calculator Islay mentioned: http://www.bbc.co.uk/news/business-17442946 I will be £6.67 better off p/m!

Might have a go on the bridge.
But Ab Editor if you save it for a year you buy a decent bottle of whiskey!!
" Buried in the documents accompanying Wednesday’s Budget statement was a statistic the Chancellor George Osborne wasn’t keen to shout about.

The Office for Budget Responsibility (OBR) has quietly revised up its forecast for the likely losses on the taxpayer’s stake in RBS to an eye-watering £22bn – nearly half of the £45.5bn we paid to bail the bank out after the crash.|"
http://www.neweconomics.org/blog/entry/hidden-in-the-budget-our-22bn-loss-on-rbs

(Gordon Brown's gold sell out cost UK taxpayer around £2 billion)

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