Well if this is right then ok George, you have made a start, on trying to bring faith back into the British people. Maybe Boris Johnson was right and had a bit of inside information, when in January he said “I have it on good authority that Osborne will cut taxes”.
Ok it’s only 45 pound a year but it’s a start, the idea for new home owners with a government bond scheme is a good idea, but personally I still think you fall short on the employment issue, and the banks, your trying to close all loop holes by taxing private jets for the rich, if you can impose that, then surely you can impose something more on the banks, and make them do it, at the end of the day George, it’s not what you give us to keep today this has got to be long term.
Chancellor George Osborne will offer an income tax cut worth around £45 a year in his Budget as he battles to offer voters some good news amid grim economic statistics.
He is expected to announce that the amount people can earn tax free will rise by £600 from April 2012, benefiting 25 million people and taking 250,000 out of income tax altogether.
George Osbourne
His annual statement will also introduce help for first-time home buyers through a £250 million Treasury-backed scheme to offer equity loans worth 20 per cent of a property.
Available to households earning less than £60,000, they would be interest free for five years, with borrowers paying 1.75 per cent interest the year after and then 1 per cent above inflation.
The income tax threshold increase, part of a a key policy secured by the Liberal Democrats as part of the coalition deal with the Tories, will take it to around £8,345 from April 2012.
Motorists are hopeful that the Chancellor will scrap, or at least postpone, the 1p hike in fuel duty scheduled by Labour predecessor Alistair Darling for April 1.
Mr. Osborne will offer a small financial sweetener to travellers by freezing air passenger duty, but will hit the well-off to the tune of tens of millions of pounds a year with a “Learjet levy” by imposing the duty on private jets.
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