Todays budget is complete and utter crap.
This labour government is more has more Tory values than the tories themselves!
Nice to see businesses get a 2p cut in taxes - 'new' labour sucks.
Yes, as you may have heard, income tax rates have been lowered 2p down to 20p and the 10p lower tax rate has been scrapped.
This may sound good, but what does it mean?
It means anyone earning less than £14,000 a year means you will pay more tax, up to an extra £90 per year.
Infact, anyone earning less that £17,000 a year will be taxed more than before. Mr Brown says that even though this might be a blow for people with lower earnings, they should more than claw it back from working tax credits.
This is all good, but myself for example, I am earning less than £14,000 a year, and I cannot apply for working tax credits because I am not over 25 nor do I have kids.
Anyone earning between about £17,000 and £40,000 a year will be better off, by up to £50
And finally, those earning £43,000 or more will pay around £20 a year more in tax.
Also bad News
for anyone who drinks, smokes or drives (thats most of us then.)
Beer and cider up 1p, wine 5p, 'gas guzzling' car tax increasing up to £300 this year and £400 next, 11p increae on cigarettes and finally 2p petrol increase in October.
So it seems the only people better off are businesses and people earning between £17,000 and £40,000.
Gordon Brown, You're a Grrr!