Dissatisfaction With the Budget

When Alistair Darling told the country of the government’s plans for the budget, there were bound to be a few disgruntled Brits; our country is simply not rich enough to keep everyone happy. However, the Shadow Chancellor George Osborne has accused the Labour politician of ‘fleecing’ the nation by imposing a ‘stealth tax’ that he failed to mention when delivering the budget speech.

Darling has decided to freeze tax bands, however inflation is pushing earning rates up; if the tax thresholds don’t rise in correspondence with this, couples may face an extra £100 pounds per year. Osborne estimated that around 30 million people will fall victim to this stealth tax. As the biggest tax rise in the budget, this is really something that Darling should have mentioned.

Alistair Darling is insisting that many people will in fact benefit from the changes in the budget; the stamp duty charges will help young couples and first time buyers on the property ladder, which has been very difficult in recent years. Homes valued below £250,000 will no longer have any stamp duty, saving buyers thousands of pounds. However, properties worth more than £1 million will be going up by 5% to cover this.

Those most upset by the budget are cider drinkers, who will be facing a 10% increase on their favourite tipple. The Chancellor tried to placate motorists by staggering the rise in fuel costs, but simply dividing up this cost does not eliminate the problem. With a general rise in tax for fuel, cigarettes and alcohol, the nations may once again have to tighten it’s purse strings and cut back on the luxuries. Our London escorts enjoy a drink when they’re socialising, but for years the cost has been creeping up to line the government’s pockets. Ultimately, tax payers don’t have a say in how the money is spent – the only control we have is by voting for political parties whose ideas are the most similar to our own, but even if they are voted into power they don’t necessarily stick to their promises.

It has been announced that large proportions of government funding will go towards improving road networks and to education institutions, focusing on maths and science in Universities. There will also be more help for new businesses started after University.

It is inevitable that the government will face criticism from rival political parties and from the general public whenever the budget is announced, and this one is particularly important because it is so close to the elections. The nation’s true feelings will be reflected by their votes.