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Budget 21


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Lord BJ

Income tax thresholds to increase this year then be frozen til 26. 
 

Fuel and Booze Duty frozen.

 

Corporation tax to increase by 6% 

 

Spending big on infrastructure to try and stimulate. 

 

 

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Mikey1874

First big taxes increase announced. 

 

After 2021/22 tax allowances frozen until 2026. 

 

Corporation tax from April 2023. Just profits over £250,000.

Edited by Mikey1874
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Lord BJ

U.K. to introduce Freeport’s. They’re trying to attract investment. 

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ri Alban

Just gimme my grant. Then I can at last have the break(a week) everyone else has had over this last year on near full pay. 

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95% mortgages will hopefully help the housing market too (at least help me sell my flat) 

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ri Alban

No grants til April for the people who haven't been able to get one. 3 months too late. 

Edited by ri Alban
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Nucky Thompson

Rishi Sunak is impressive. You can't help but like the guy 

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Awbdy Oot
11 minutes ago, Nucky Thompson said:

Rishi Sunak is impressive. You can't help but like the guy 

I've always felt that what him and folk like him are doing is reading out information, the information is decided and written by others. He does read it well though.

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Victorian

Frozen allowances and bands is a reasonable way to effectively raise personal taxation.  It raises the yield without increasing the burden for those who wont see a pay rise,  etc.  The corporation tax increase is slightly dangerous ground in terms of raising the yield but hopefully it proves effective.

Edited by Victorian
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