Wednesday, 22 April 2009

Budget: Quick analysis

I haven't had a real chance to digest the Budget yet... but this picture seems fitting.

A top rate tax of not 45% but 50% on those earning over £150,000. Hardly encouraging career advancement is it? And surely something which will only stimulate the economy of other states where entrepeneurs will be investing their cash instead of here.

And all because the Chancellor got his sums wrong and has had to borrow more to pay for his massive spending.

Switzerland? Monaco? The Cayman Islands anyone?

Oh yeah, and what was that about broken promises?


Stephen Glenn 22 April 2009 at 15:15  

He's bring the threashold down to £100,000 Malc BTW.

Sam 23 April 2009 at 22:05  

Bit late on this I know, but do you have any idea how many people earn over £100,000/year in the UK? I don't know the figure off the top of my head but its seriously low. 5% as a guestimate.

This does not have any effect on career advancement for the vast majority of people. And its just the super rich & their self-righteous defenders in the right-wing media who peddle the lie that this will make anyone leave the country. They'll just hire better accountants to exploit the loopholes that enable them to pay far less as a percentage of income than you & me.

PS Well me anyway!

PPS Hope thats going well, you must be near the end of your first year now. Changed the title yet?!

Anonymous,  29 April 2009 at 11:52  

Why would it bother you? You are never going to earn anything like that, and nor are 95% of us.

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