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March 22, 2007

Gordon Brown's Budget. And some cheese.

Gordon and Cheese

A 2p TAX CUT!!! And the scrapping of the lower rate of income tax to cancel it out.

A BETTER DEAL FOR BUSINESSES!!! And an increase in corporation tax for small businesses.

AN INCREASE IN CHILD TAX CREDITS!!! And a change in the threshold so that you’ll get less.

A TAX CUTTING BUDGET!!! And firm promises that taxes will actually go up in future years.

CASH BORROWING IS DOWN!!! Except for last year, but I won’t mention that.

THE LOWEST INCOME TAX RATES IN DECADES!!! And the highest stealth taxes ever, to make up for it.

A BUDGET THAT LOOKS TO THE FUTURE!!! Ah… yes, he got that bit right. Half of the measures he introduced won’t actually start until next April. Howzat for the next Chancellor, eh?


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