Budget: Winner or loser?
The Budget has introduced a myriad of changes, each of which will affect individuals differently depending on circumstances
Saturday 13 March 1999
The Chancellor, Gordon Brown, has delivered one of the most complicated Budgets in recent years, making it extremely difficult to work out whether the overall effect on each individual will ultimately be positive or negative. Even some of the beneficial changes have a sting in their tale. For example, the 10 pence starting rate of tax for the first pounds 1,500 of taxable income is offset by the fact that Mr Brown is raising from 20 to 23 per cent (22 per cent in 12 months' time) the rate of tax that would normally have been levied on the next pounds 2,800-worth of income.
A similar picture emerges from a range of other measures announced this week. For the benefit of our readers, we have broken down and laid out the major changes in the Budget on the next two pages.
Given the complexity and detail of some of these changes, however, it is possible that some aspects of the Budget critical to your needs may not be immediately apparent. It may be necessary for you to consult an independent financial adviser or an accountant.
This will, at first sight, seem like an unnecessary and time-consuming experience. But given some of the small print emerging from this Budget, it could well be sensible to take advice.
Diving in at the deep end is no excuse for shirking the style stakes
Life & Style blogs
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
- 1 Why I'm on the brink of burning my Israeli passport
- 2 Comfortable in their own skin
- 3 Japanese plant experts produce 10,000 lettuce heads a day in LED-lit indoor farm
- 4 War is war: Why I stand with Israel
- 5 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£30000 - £45000 per annum + Benefits + Bonus: Harrington Starr: C# Developer (...
£60000 - £80000 per annum + Benefits + Bonus: Harrington Starr: C# Integration...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...