Wednesday, 20 March 2013

Budgetballs

Overall, I actually quite liked the budget from what I've seen of it - busy days seem to be coming thick and fast these days, and getting ever busier in themselves.

As a business owner I'm of course pleased with the National Insurance relief and bringing forward a 1% Corporation Tax reduction, and pleased that our staff will pay even less tax with the £10k free pay threshold being rushed in.

The beer duty escalator scrapped and even reversed was a delight (I really must check out Alcohol Concern's Twitter feed) and I reckon a mere 2% over inflation on snout was about the best we could hope for from the current mindset of fake charity enthralled politicos (must check ASH's too). Not that I've paid UK tobacco duty for quite some time, it has to be said.

Here are, for me, a couple of stand-out quotes from today's BBC coverage.
[Mike Benner, chief executive of the Campaign for Real Ale (Camra), said:] "Since the duty escalator was introduced in 2008, 5,800 pubs have been forced to call last orders for good. What could have been the final nail in the coffin for our pubs has been decisively avoided by the chancellor in a move that will spark celebration in pubs across the UK."
A bit of over-enthusiasm for show is it, Mike mate? Chances are they won't even notice it - after 100 pints they'll be able to buy one extra product in Poundland, it's not exactly Whisky Galore, is it?

And about those 5,800 pub losses, I think you know very well what caused the majority of them. Clue: it ain't the beer tax.
"We've now frozen fuel duty for two years," Mr Osborne said. "This has not been easy. The government has foregone £6bn in revenues to date."
My heart bleeds, Georgie-boy. It must be horrendous to be forced by public opinion to only steal the same amount from us this year as you did last. How Al Capone's Chicago shopkeepers must have similarly wept for his deprivation when he generously froze their eye-watering protection racket premiums.