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The Budget 2008


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The Budget for 2008 is set to be delivered tomorrow at 12.30pm by the Chancellor Alistair Darling. I'm sure you've already seen the press coverage suggesting that Alistair Darling is merely presenting Gordon Brown's measures as former Chancellor himself.

Among the changes likely to be announced are increase in ‘green taxes’ things like 4x4 drivers being hit hard again and help for people struggling to pay their bills. The government is expected to continue incentivise low emission cars. It's just a shame they seem to be intent on pricing everyone else off the road with extortionate fuel prices. I wouldn't mind so much if public transport was actually any good! If I were to try and complete my 20 mile journey to work every day by public transport it would take me around 2 and half hours to do a journey that takes half an hour to 40 minutes in a car. I'm simply not going to do it!!

Recent research from insurance company Direct Line shows that 16 per cent of drivers considering buying a car in 2008 will buy a 4x4 or a people carrier. I think bigger engined cars should be taxed more and this is a fair way of taxing road users but it's getting to the point where you'll have to be fairly well off to comfortably afford the cost of buying a car in the first place and let alone the running costs of fuel, road tax, insurance and so on. . .

Looking at other web sites earlier today people are leaving comments on a variety of topics including small business being no friend of this government, hopes for the Chancellor to drop the fuel escalator, pensioners wanting to be exempt from council tax, measures to help single parents pay for childcare, people wanting help to get on the property ladder plus many more I'm sure. We'll see what happens tomorrow at 12.30pm!. . . don't get too excited, the budget seem to me like the next long list of increasing taxes.

Simon Duffy writes for the Financial Blog a UK Finance Blog talking about all aspects of personal finance.


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