Alastair Darling budget speech 2010……
Nonsense on stilts!
“Tax relief on pensions will be restricted from next year, but again only for those with incomes above £130,000 a year.”
“I can announce I will double the stamp duty limit for first time buyers from midnight tonight – from £125,000 to £250,000, for this year and next. To ensure this measure does not burden the public finances, this relief will be funded through an increase in the stamp duty to 5 per cent for residential property over £1m, from April next year.”
“Tobacco duty will increase from today by 1 per cent above inflation and then increase by 2 per cent in real terms each year until 2014.”
“Alcohol duties will also increase by 2 per cent above inflation for two further years from 2013.”
A guaranteed place in education or training for all 16 and 17 year olds;
A guaranteed job, work experience or training for every 18-24 year old;
Supporting a higher number of apprenticeships;
And now, more university places for those who want them.
“The cost of this £2.5bn one-off growth package, to invest in Britain’s future, will be partly met by switching resources from within existing budgets and by the higher revenues from the tax on bankers’ bonuses.”
and the final insult to our intelligence – “I can announce today we will do more to combat financial exclusion, through a guarantee that everyone can have a basic bank account.” – they won’t have anything to put in it of course, but they will all have a shiny new bank acount.
Give me strength!