Looks like his clamp down on LLPs could be about to unravel anytime soon

Omnishambles II anyone?

Lucky you, my last pay rise was in 2006 - in 2008 I took a 30% DECREASE in my salary.

And I havent made a pension contribution for at least eight years - AND the pension fundholder has been helping himself to a portion of it during that time.

Moan almost over.

Personal allowance to increase to £10,000 next year.

So £650 a year better off, or thereabouts?

No, you'll be 20% of £650 a year better off, or £130. But how much better off anyone will be depends on what you earn. He intends to lower the higher rate threshold to £41,865 so 40% taxpayers will only be £83 a year better off.

He's also tapering off the personal allowance for those on £100k at a rate of £1 for every £2 above £100k, so at £120k there'll be no personal allowance at all.

We've yet to see if he's dragging anything back in increased NI contributions

I got a C at GCSE maths and have never given it any serious thought since. My trail of thought is as follows:

Tax is roughly 20%. So the tax they would have taken on that £3000 is about £600.

By not taking tax on that £3000 the average tax payer is thus £600 better off, no?

If you disagree please explain why and show working (as they would say in exams) .

Rodent just coming on C4 News now.
See how he does.

Nice free ride for him there Jon!

Budgets last for 12 months FFS

Back in 1980 I was earning £60 a week, how far do you want to go back?

Its called making the numbers fit your argument - are you new here?

This is what the likes of Mr Fish do - ask him about LVT - surely even his craziest notion to data!!

What is crazy about Land Value Taxation?

Personal allowance now is £8,105 it will be £10,000 that means you will save 20% of the difference 1,895 that being £379 over a year. Plus the savings in NI threshold. Under this government the tax threshhold will have risen by £3,525 at 20% a saving of £705 a year plus NI.

It may have escaped your notice but we are discussing THIS YEAR'S BUDGET