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Budget news

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ProfilePosted byOptionsPost Date

Dawnieher3headaches

Dawnieher3headaches Report 22 Jun 2010 18:57

How do people get that much housing benefit, I get help with my mortgage which is the equivalent to HB but its less than I would pay in rent if I was a council tenant and doesnt cover all my mortgage whereas if I was in rented would get it all paid so if I have to cope paying the shortfall on benefit why doesnt everyone.

Agree the tax credits cuts if only I had £40,000 to live on a year wouldnt want or expect any benefits.

VAT is going to hit people hard and add in no increase in child benefit that will make families a lot worse off.


Hes cutting back on the maternity grants do you reckon that will stop the youngsters getting pregnant (not all of them do it for the money Iknow) and thinking oo what can I get.

d x

BrianW

BrianW Report 22 Jun 2010 18:02

The cap on housing benefit is well overdue, but £400 a week is still on the high side, especially outside London.

Deanna

Deanna Report 22 Jun 2010 17:23

REALLY???
where do you live?
Buck house? ;-0)
Deanna X

InspectorGreenPen

InspectorGreenPen Report 22 Jun 2010 16:53

Sounds like good news.

Deanna

Deanna Report 22 Jun 2010 16:19

Liz................I don't wanna talk about it!!! ;-0(

Just a good job they cannot tax my friendships!
Deanna X

Purple **^*Sparkly*^** Diamond

Purple **^*Sparkly*^** Diamond Report 22 Jun 2010 15:02

VAT will rise from 17.5% to 20% from January 4 next year, Chancellor George Osborne has announced as he promised to to balance Britain's books within five years.
Among other measures announced in the emergency Budget, the Government is asking public sector workers to accept a two-year pay freeze.
Promising to deal decisively with the UK's record debts, Mr Osborne said there would be protection for the 1.7 million public servants earning less than £21,000.
Those low-paid workers will receive a flat pay-rise worth £250 in both years.

Outlining the cuts, Mr Osborne said child benefit would be frozen for three years and tax credits would be cut for families with incomes over £40,000 a year.
He said government departments whose budgets have not been ring-fenced would face spending cuts of 25%.
Armed forcing serving in Afghanistan will also see their operational allowance doubled to £4,800.
The Chancellor said the Government will accelerate the increase in the state pension age to 66.
Mr Osborne added that he would wipe £1.8 billion a year off the housing benefit bill by the end of the Parliament, capping weekly payments at £400. He also said the Government would introduce a medical assessment for Disability Living Allowance from 2013 for new and existing claimants. The total welfare shake-up will save the country £11 billion by 2014/15, he said.
Corporation tax will be cut - in line with the Conservatives' election manifesto - with the headline rate being progressively reduced over the course of the Parliament from 28p to 24p.