I have to say, I'm pleasantly surprised. Don't get me wrong, it's tough, but does that mean it's unfair?
I've been reading a lot of opinion, mainly from those decrying the budget and there are a few things that I don't quite 'get'.
VAT is Unfair?
How is the VAT rise unfair? from what I can make out it's claimed it's unfair because it hits the poorest in society the most, but unless I've got this very very wrong then the essentials such as food and children's clothing are 0 rated. Yes this will hit adult clothes, yet it will hit big ticket products and yes it will hit holidays, meals out etc, but I would argue that this is actually a very fair taxation, because everyone is hit by it. You can't avoid it, would I prefer to see different levels of VAT such as luxury goods at 25% and clothes and 12.5%, yes I would (and I think that would be good for the economy) but while I don't like paying tax on anything and this will make my life tougher, I don't believe that this is a 'unfair' tax.
About time too. Seriously, how many million people are unfit to work in this country? And by unfit I mean there is nothing they can do, not nothing they fancy doing, but nothing they can do? of course those who are genuinely physically unable to work need a decent standard of living, but there are just too many out there who think that they are owed something. I've heard a lot of people complain that they will have to prove that they need assistance all over again....well those are the breaks, if you are genuinely unable to work then I would think that the thought that there are a vast number of people milking the system would have you as enraged as anyone else and happy to do anything to see that those individuals are caught, the rest of us don't get an option on what we want the taxes we pay spent on, the least you can do is help make sure out hard earned money isn't being given to those who don't need it.
Mothers will be forced to look for work when their children reach school age.....seriously, that's not already the rule??????
It's not my fault, why should I have to pay?
I have saved all my working life, I have no debt. I am not rich, yet I am having to pay just the same as everyone else, i don't want to, but I have to, I understand this, because there aren't any other options. (Unless of course you think going bankrupt is an option) I hear a lot of people moan that it's all the banks fault, they took the risks, why should the ordinary man in the street have to pay...to which I have a couple of responses:
1. Grow up, that's what society is all about, you enjoy the good times, you all suffer in the bad times (honestly I always thought that's what the socialists were banging on about, amazing how when push comes to shove the lefties turn into the me first brigade and come up with 101 reasons why everyone but their special interest group should be made to pay...sorry kids, doesn't work like that.)
2. Eh what's the average personal debt in this country(including or excluding mortgages) again? All those people really needed 125% mortgages did they? A new car every year, foreign trips twice a year........yeah, the banks made the ordinary man in the street do all that didn't they. i agree the banks need to be hammered, they need their bonus culture broken and the art of responsibility needs to be learned again, but, so do we. It's alright saying the big boys need to learn responsibility over debt, but so do the little guy too. So you have to settle for a week camping instead of a week in the seychelles, the kids need to share a room, or you can't have that new car, conservatory whatever.....Just because you are offered a loan doesn't mean you are honour bound to take it
So all in all (and I'm neither Tory or Lib Dem and didn't vote for either one) I don't think it was a nice budget, but I do think it was needed
So the 'horror' budget is finally out.