July 2015 budget

[Titanic]

How can a loan (which by definition requires repaying) be more generous than a grant (which doesn't)?

the amount of money available to the student, when the need it, will be higher.

 

[LamieRobertson]

I know it's not important in the general run of things but I find his voice grating ...just saying

 

[El Presidente]

the amount of money available to the student, when the need it, will be higher.

But it will still have to be repaid. So the student will be worse off.

 

[yxee]

How can a loan (which by definition requires repaying) be more generous than a grant (which doesn't)?

Are you going to oppose every reduction in state handouts?

They won the election, you know

 

[LamieRobertson]

Lefties appear to have missed that Insurance Premium Tax will rise from 8% to 9.5%.

Do you have to be a 'leftie' to be annoyed with that?

 

[Titanic]

But it will still have to be repaid. So the student will be worse off.

the amount of money available to the student, when the need it to support their studies, will be higher. Only if they go on to earn a decent wage, will they be expected to pay some of it back. Seems fair?

 

[LamieRobertson]

Are you going to oppose every reduction in state handouts?

They won the election, you know

Erm...It could be said the other lot lost it

 

[El Presidente]

Are you going to oppose every reduction in state handouts?

They won the election, you know

Because I believe that education for all without penalty is a worthy ambition.

Discouraging the widening of participation in higher education narrows the talent pool.

 

[LamieRobertson]

Less support for third child....condom sales to rise?

 

[nwgull]

"Dividend tax credit will be replaced with a tax free allowance of £5000... with additional higher rates of tax for those taking their income from dividends"

any details on the higher rates?

 

[El Presidente]

the amount of money available to the student, when the need it to support their studies, will be higher. Only if they go on to earn a decent wage, will they be expected to pay some of it back. Seems fair?

Not if they have to pay back more than families from more wealthy families.

It will act as a disincentive for them to go to university, speak to them at uni open days and you'll realise that is their biggest concern.

It's not a progressive policy, the aim is to discourage the peasantry from getting a degree.

 

[skipper734]

Do you have to be a 'leftie' to be annoyed with that?

They appear to be annoyed by everything else, I thought they may have missed it.

 

[Bozza]

"Dividend tax credit will be replaced with a tax free allowance of £5000... with additional higher rates of tax for those taking their income from dividends"

If this will help extract more tax from people who run one-man-band businesses and then pay themselves low incomes but higher 'tax efficient' dividends, then this has to be a good thing.

I don't know if it does mean that though. Anyone?

 

[beorhthelm]

"A green paper on the possibility of pensions, more like an ISA, based on taxed income and tax free at the point of withdrawal..."

erm, so a tax sheltered savings account then.

 

[Titanic]

"the best way to support working people is let them keep more of the money they earn..."

"Tax Free Personal allowance from £10,600 to £11,000 next year... and higher rate allowance to £43,000... aiming for £12,500 and £50,000 by the end of the parliament"

 

[yxee]

Because I believe that education for all without penalty is a worthy ambition.

Discouraging the widening of participation in higher education narrows the talent pool.

Without penalty? Education isn't a life choice, it's an investment, and converting a grant to a loan makes children think of it as such.

 

[Titanic]

If this will help extract more tax from people who run one-man-band businesses and then pay themselves low incomes but higher 'tax efficient' dividends, then this has to be a good thing.

I don't know if it does mean that though. Anyone?

I think the intention is exactly that.

 

[brakespear]

Are you going to oppose every reduction in state handouts?

They won the election, you know

Does winning an election mean nobody is allowed to disagree with your policies?

 

[Butch Willykins]

any details on the higher rates?

7.5%, 32.5% and 38.1%.

 

[El Presidente]

Without penalty? Education isn't a life choice, it's an investment, and converting a grant to a loan makes children think of it as such.

It's an investment by the state too, which benefits from higher tax receipts from the individual.