Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
#1
Half a million working families will lose more than £1,000 under technical changes to tax credit allowances in last month's Emergency Budget, according to new research.
The TUC said changes announced by Chancellor George Osborne will hit families whose earnings fall because of unemployment, illness, retirement or bereavement.
The change will save the Government around £550 million a year, the study found.
TUC general secretary Brendan Barber said: "In his emergency Budget speech, the Chancellor promised not to hide any hard choices from the British people or bury them in the small print of the Budget documents.
"But this cut in tax credit entitlements was hidden in the detail and will make a real difference to some of our poorest and most vulnerable families, costing at least half a million households a year more than £1,000.
"This is another reminder that we are very definitely not all in this together. While the rich have been let off the hook, those on middle and low incomes are being left to pick up the cost of the recession."
Marek
I think therefore I am (not a Tory supporter)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#2
Marek - the TUC eh.....I would not believe them if they said the sky was blue.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#3
not forgetting that rises in vat hit the poor hardest.
we have to give it time to see whether any od these measures do anything to cut the deficit.
#4
Not true Howard. The poor spend the least, ergo, they pay less tax.
#5
Well. Perhaps we should encourage both the poor and the stupid to avoid the National Lottery?
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
Absolutely right Sid
The genuinely poor will spend a higher proportion of their income on food and housing both zero rated plus power that has a lower rate. Those who pay most VAT are the bigger spending on other commodities that are less essential.
VAT and tax on spending ngenerally is much fairer than taxing income.
You make a good point there Bob.
Those who spend on such as the lottery, cigarettes and Sky packages are often those who can least afford it. Anyone on benefits who indulges on those things is getting too much cash.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#7
the least well off spend money on the lottery and scratch cards as a way of having a dream about a better life.
worth a read of "the road to wigan pier" by george orwell to understand the thinking.
#8
"Those who spend on such as the lottery, cigarettes and Sky packages are often those who can least afford it. Anyone on benefits who indulges on those things is getting too much cash." BarryW - or perhaps buying a little hope.......................
Howard -
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#9
But then if they invested that money well they really would get a better life rather than take a 14m:1 shot, die early of cancer or a heart attack from sitting on their fat backsides in front of Sky Sports all day...
Work and sensible investing is the best way to a better life.
#10
You are pushing at an open door here, Barry - but people are all different, thank God (don't mean to be contentious there...!) and have different expectations and priorities. Just as an aside, what's wrong with a fat backside? I am only asking - call it personal interest if you will........
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#11
oh well spent my last 2 quid on euromillions,ooooooh look i won 34million.oh well of to the carribean for years holiday.
Guest 690- Registered: 10 Oct 2009
- Posts: 4,150
#12
Nice to hear some good news on here for a change Brian. I hope you realise all the freinds you`ve got on here. I expect you`ll have to hire a plane as I can`t see us all getting on a scheduled flight. Well done mate.
Tell them that I came, and no one answered.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#13
colin if i do i will make sure its a one way ticket to brussels for the whole forum.
ps,some very nice bars there selling real beer.
pps,you can still SMOKE in the bars and resturants over there.barry would have a field day whiles he is there.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
#14
Sometimes it is good to buy a lottery ticket - to dream for a short while.
I used to buy £10.00 of lottery tickets every week when I could afford to, now I can't, I don't buy any at all.
I do believe (mostly) that we can be more sure that what we have, we have worked for; we don't necessarily "deserve" anything, other than what we have put in effort to achieve.
Some good luck along the way will always help and some bad luck will put us back a bit.
I also believe that in most cases, WE determine our own fate - from what we do, or don't do.
Roger
Guest 674- Registered: 25 Jun 2008
- Posts: 3,391
#15
MAREK
You are correct its the poor and was deprived that will be hit hardest, sadly this is always the case. many unable to defend themselves.
BARRYW
Thankfully thats why we have the TUC/Trade unions to even things up a little. although many of the poor9more so today)find it hard to get a job anyway!!!!!!!
ROGER
It's as simple as you make it, theres lots of things that can change your life, and put obstacles in your way of getting your life where you want it to be, and for many theres still the need to have that helping hand.
So it;s not all simples, bit more complex than that