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Yesterday things got better for some

ProfilePosted byOptionsPost Date

OneFootInTheGrave

OneFootInTheGrave Report 21 Mar 2013 07:41

While most of us were worrying about whether the Budget would leave us worse off, there was one man in no doubt that things had just got even better.

Who cares about new bank levy when you're Rich Ricci, Barclays banker given an £18million bonus :-|

And the jackpot was just one share of an astonishing £40million bonus payout split between nine Barclays executives :-|

http://www.dailymail.co.uk/news/article-2296456/Rich-Ricci-Barclays-As-austerity-budget-announced-investment-boss-lands-18-million-windfall.html#ixzz2O9RHoViP

JustJohn

JustJohn Report 21 Mar 2013 08:27

Yes, but Rich will have to pay 45% tax on most of that. Not very fair if he has worked hard for his money.

Think I might start a sympathy thread ;-) Wonder if he has a spare bedroom.

OneFootInTheGrave

OneFootInTheGrave Report 21 Mar 2013 08:51

How on earth does the word "fair" come into the equation, when bankers, I could spell that another way, got us into this mess and Joe Public suffers they get rewarded :-S

And as to working hard, yes he must be exhausted and that will be why he has to get in a private jet and fly to Ireland every week to make sure is race horses are alright :-|

Sounds like a case of - Nero fiddled while Rome burned :-(

JoyBoroAngel

JoyBoroAngel Report 21 Mar 2013 11:07

it left us £4 a week worse off
but if it put the country straight thats ok with me :-D

♥†۩ Carol   Paine ۩†♥

♥†۩ Carol Paine ۩†♥ Report 21 Mar 2013 11:33

Well I seem to be going to be about £50 better off, pity gas/electric gone up more than that :-(

http://www.bbc.co.uk/news/business-17442946

+++DetEcTive+++

+++DetEcTive+++ Report 21 Mar 2013 11:48

We think (with a back of a fag packet approach) that we'll break even as we are taken out of the income tax bracket for the coming tax year.

Has no one noticed the eligibility for childcare allowance?

20% tax relief on childcare up to £6,000 per child from 2015

...providing both parents are working and their earnings do not exceed £150,000 each. In the first year only children under five will qualify, but it is proposed to extend the new scheme to up to 12-year olds over time...

http://www.mondaq.com/x/228106/National+Insurance/Government+Extends+Tax+Relief+For+Childcare

Not exceed £150,000? With that level of family income, why should they get any relief? Is this a sop for the higher earners who have lost the Child Benefit?