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The Langers Forum
Jesus lads, 'tis looking like BREXIT!
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<blockquote data-quote="How bad boy" data-source="post: 7109033" data-attributes="member: 3028"><p>Oh fucking hell, forgot that mini budget/not a budget* was happening today.</p><p>The 45% income tax rate has been abolished. </p><p>Great news for those earning over £150k. </p><p>Cutting the lower tax rate from 20 to 19% and reversing the rise in national insurance all will help out higher earners significantly more than those at the very bottom rungs of society. </p><p>They're increasing share options for employees from £30k to £60k. </p><p>And then, jesus h christ, they're making universal credit stricter. </p><p></p><p>It's economic madness. </p><p></p><p>If you earn £200k a year with large share options, you're over £10k a year better off under this plan. </p><p>If you're an IT contractor earning £800 a day, this budget is probably worth £20-£30k to you. </p><p>If you're a banker on £500k salary, this budget could be worth literally £100k+ with bonuses and tax cuts. </p><p></p><p>But someone working in the local Tesco 20 hrs a week gets literally nothing from this budget, besides not being raped by energy companies. </p><p></p><p>It's utter lunacy.</p><p></p><p>*They've said it's not a proper budget, therefore are not compelled to publish estimates of its impact.</p></blockquote><p></p>
[QUOTE="How bad boy, post: 7109033, member: 3028"] Oh fucking hell, forgot that mini budget/not a budget* was happening today. The 45% income tax rate has been abolished. Great news for those earning over £150k. Cutting the lower tax rate from 20 to 19% and reversing the rise in national insurance all will help out higher earners significantly more than those at the very bottom rungs of society. They're increasing share options for employees from £30k to £60k. And then, jesus h christ, they're making universal credit stricter. It's economic madness. If you earn £200k a year with large share options, you're over £10k a year better off under this plan. If you're an IT contractor earning £800 a day, this budget is probably worth £20-£30k to you. If you're a banker on £500k salary, this budget could be worth literally £100k+ with bonuses and tax cuts. But someone working in the local Tesco 20 hrs a week gets literally nothing from this budget, besides not being raped by energy companies. It's utter lunacy. *They've said it's not a proper budget, therefore are not compelled to publish estimates of its impact. [/QUOTE]
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Jesus lads, 'tis looking like BREXIT!
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