I don't understand. They say all these measures are to get us spending again, then they say that we've been spending too much over the last 5-10 years and borrowing too much.
Surely if banks make money from us borrowing then we've been doing the right thing and the banks should be healthy...But they're not and the government have had to bail them out....So if everyone is being cautious, living within their means, not borrowing, then the banks will be in a worse situation and then what??
If fuel duty is to rise (again) despite the obvious difficulties seen by high fuel prices over the past 6 months, then goods will become more expensive and erase any saving made by VAT decreasing.
Increasing duty on alcohol may put another nail into the coffin of the British Pub. There used to be 3 pubs down my road, they're are all closed down now. I almost never go out drinking now. Nearly £6 for 2 drinks which are 95% water? Crazy!
Maybe, rather than create this 45% tax band they should just scrap the personal allowance for high earners and raise it for everyone else.
Somehow the banks should be better regulated and the obscene pay and bonuses should be outlawed or re-invested, especially in all banks which have received taxpayers money.
I can't imagine how anyone earning less than £30K survives in this country now.
