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The truths they don't want you to read....

Wednesday, March 21, 2007

Budget

There's going to be no shortage of work for accountants following today's announcements, as the sheer complexity and confusion of the budget can only help my profession help the public and the business community to minimise their liabilities.

But the give away was the 2p of Income Tax from next year. My prediction is that Gordon Brown wants to give himself the freedom to call a snap election sometime after being anointed by the party faithful as Prime Minister, and have the Tories - the tax cutting party - totally on the back foot. Despite the current polls, I'd suggest he is considering October 07 or Spring 08 as the opportune moment to wrong-foot the Tories.

I do believe that David Cameron is right when he suggests that Brown is in an economic hole, which is why I think an early General Election is on the cards, before the chickens come home to roost. With the IMF warning the UK over the level of tax as a percentage of GDP, the signs are ominous.

2 comments:

Anonymous said...

Hello Angus, it's me again ( Tws ) Herself has asked me to ask you a few questions, so if it's alright with you I'll do it here, and you can answer them here or on my Island Blogging blog.
1) How much money is given to you for the Ward Allocation?
2) What did you spend it on this year? If anything?
3)Would you consider putting money towards the Bayhead swing/play park?
I'm not sure if the park is in your ward ( I don't think so) but, the young peoples from your ward do use it a lot.
Thanking you in advance, Cheery Tws...

Angus said...

TWS: happy to answer-
1. £10k per annum (same as everyone else)
2. Residents Association and Stornoway Amenity Trust primarily
3. As of today, the play park is now fully funded for decontamination and relocation/replacement. No external funding is required. If further works are required, and I'm back, then this would be a yes.