Osborne: "So how much tax ARE you prepared to pay, you tax-avoiding *******s?"
Starbucks et al: "Bring it down from 28% to, say, 20% and you've got a deal".
Osborne: "Let's shake".
OK, I take your point. It's certainly a gutsy move though - the 28% rate is the big business rate, so he's offering them a carrot by reducing it by 8% but he's also promising to get tough on the Starbucks and Amazons of this world that pay **** all corporation tax. Moreover, we've never had...
Except that it DOES make a difference whether a Chancellor chooses to charge VAT at 15% or 20%, whether you get £2,000 Employer's NI cut or not, whether you get £1,200 off childcare per child or not, whether corporation tax goes up or down by a few %.
I run a small business and all of these...
Ed Miliband is not a credible politician. He is an overgrown politics student given some coaching in how to regurgitate populist soundbites.
I think that a lot of people couldn't give a flying fig about a small downgrade in the AAA rating. Or what price George Osborne paid for his train...
Ed Miliband is an idiot. "More of the same" he keep repeating. Yet the Employer's £2,000 Allowance will mean that my company will immediately be £2K better off. In reality that translates into new computer screens and more spend on staff training, i.e. the sorts of expenditure I'd like to be...
This is the best budget in years.
£10K Personal Allowance from April 2014, 20% corporation tax rate, £2,000 Employer Allowance against Employer's Class 1 NI, 1p off a pint, new loan scheme for housebuyers.