Thursday, 22 March 2012

George Osbourne - The Game's Up!

Yesterday was Budget day, and there were lots of people with more time and intelligence than me pouring over the figures and working out what it meant for people in various situations up and down the country.  I am sure that you have your favourite 'sound bite' and fact that arose from this momentous occasion.  I tried to read a number of articles so that I could get a bablanced view.  There were a number of findings that were reported that stuck in my head.  Poor families could be up to £220 per year worse off, whereas rich people, earning over £150,000 per year have received a tax cut of £10,000 per year.  Yes, George, we are all in this together.  This tax cut for the wealthy comes from the fact that the top rate of tax will be reduced from 50% to 45%.  George felt that he had to do this so that the 'wealth creators' would not leave the country.  However, if they did, when they sold their house, would not the income be taxed?  Then, when somebody else bought it they would have to pay stamp duty at the increased rate of 7%! Ker-ching!!! 
There is one group of wealthy individuals that I would like to leave, can you tell who?
Anyway, to the point.  On the Guardian website, Polly Curtis has a Blog called 'Reality Check' (check it out, it is fab!).  In yesterday's blog she had a graphic which sums it all up, which I have 'borrowed' and posted here:
Need I say more................................................

No comments:

Post a Comment