Originally Posted by
tarquinbeech
Chubby, intelligent contributions and facts?......there's a joke there somewhere?
From tonight's Guardian (I know I know, I ran out of loo-roll)....
The chancellor was taking advantage of a surprise boost to tax receipts in the current year, and pledged to spend £2.7bn more on universal credit, £1.7bn of which comes from increases to the work allowance – the sum people are allowed to earn before they start to lose their benefits – of £1,000 a year.
Hammond also promised to spend £1bn more on defence for this year and next and £400m on school equipment – as well as an additional £420m in the next year to tackle potholes. He also promised an extra £650m on social care and to create a £675m fund to help high streets.
A manifesto pledge to increase the tax-free personal allowance to £12,500 for basic-rate tax payers and to £50,000 for higher-rate tax payers was brought forward a year to April 2019, but Hammond said it would increase in line with inflation after that.
Public services were promised an extra 1.2% a year starting in 2020-21 by Hammond, although officials subsequently stressed this was a forecast, having contracted by 3% a year between 2010 and 2015 and 1.3% a year in years following.
All sounds like gravy to me Chubs, what exactly are you moaning about?