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'No more tax rises and no more spending cuts in Budget', pledges Osborne

 

There will be no more tax rises and no more spending cuts in this week's Budget, which will set out a package of measures to boost growth and jobs, Chancellor George Osborne said today.

 

But he left no doubt that he will resist Labour calls to scale back the pace of deficit reduction, saying: 'That's not going to happen.'

 

http://www.dailymail.co.uk/news/article-1368073/BUDGET-2011-George-Osborne-pledges-tax-rises-spending-cuts.html#ixzz1H9gEcTxd

 

It looks like there will be few surprises or giveaways in the budget which isn't surprising given the mess Labour left the country in, but neither will there be more tax rises. It'll be a few years before we see the real benefits of public sector reform - particular the removal of non jobs, but this is key to our future prosperity so it's really good to see hear that there will be no scaling back the pace of deficit reduction.

 

Finally we have a decent government sorting the country out.

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http://www.guardian.co.uk/money/2011/mar/19/budget-squeeze-families-tax

 

It is to be hoped that Gorgeous George will address the many anomalies in his previously annouced plans. For example:

 

"The figures underline the impact on families if there is just one main earner, with a partner staying at home to raise children. David Kilshaw, chair of private client advisory at KPMG, says: "The analysis shows how the change to the higher rate threshold affects families where there is one main breadwinner in that bracket. Our family on £43,500, where there is a single income, is £645 worse off next year, whereas a family with a combined income of £44,000 is £22 better off.""

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http://www.guardian.co.uk/money/2011/mar/19/budget-squeeze-families-tax

 

It is to be hoped that Gorgeous George will address the many anomalies in his previously annouced plans. For example:

 

"The figures underline the impact on families if there is just one main earner, with a partner staying at home to raise children. David Kilshaw, chair of private client advisory at KPMG, says: "The analysis shows how the change to the higher rate threshold affects families where there is one main breadwinner in that bracket. Our family on £43,500, where there is a single income, is £645 worse off next year, whereas a family with a combined income of £44,000 is £22 better off.""

 

but the combined income family will spend thousands on childcare

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