On Wednesday the 23 March the chancellor, George Osborne announced his latest Budget…
So, what are the main points of the Budget?
Fuel duty is down by 1p per litre, which the treasury claims to lower the cost of filling the average Family Car by £3, but even so, most people are unsure that it is change for the good. Also George Osborne has told the BBC that Fuel duty was going to be going up by 6p in the next 6 weeks, but he has cancelled that.
The Tax-Free Personal Allowance will go up to £8,105 from April 2012, but that only means a £48 tax cut! Mr Osborne also failed to say that in 14 days about 750,000 people will become High-Rate Taxpayers, with some families losing over £500! Pupils from Blairgowrie High School took part in the BBC school news report survey recently, of the pupils who took part, 39% knew someone who had lost a job. If our friends or our parents are unemployed, then the tax cut doesn’t even matter!