The Master Chancellor and the Budget - UK Budget

Telegraph - The Budget Live: Reports in its 3.56pm post the following on the Chancellor and his Budget, " In coalition, he brazenly lifted the Lib Dem plan to raise income tax thresholds.

Now, in his first all-Tory Budget, he’s nicked a Labour plan to tax non-doms more, which caused such a kerfuffle during the election campaign. More important, he's cheerily half-inched the living wage, and by doing to, discombobulated his two great opponents in politics: the Labour Party, and Boris Johnson. "

Lets Get Real:

Are we looking at the next PM, Chancellor Osborne produced a Budget that will make Conservatives happy, both on the domestic front and the international  front,  the Conservatives will become more seen as a Party of those that get up early and go to work, also makes sure that those on low wages have a living wage.   The Labour Party was ALL over the place, so was the BBC.   Thus good defeat of the left by the Chancellor. 

Greece Crisis - Greek Update

Guardian - Greek Crisis Live: Reports in its 1.54pm post the following,  " While the European Parliament debate was raging, Greece quietly submitted its formal request for a new aid package in an attempt to avoid crashing out of the eurozone.   Finance minister Euclid Tsakalotos has asked for a three-year programme, from the bailout fund (the European Stability Mechanism). And in return, Greece would commit to:“to a comprehensive set of reforms and measures to be implemented in the areas of fiscal sustainability, financial stability, and long-term economic growth.”  "

Lets Get Real:

This is a game, it really depends who has the upper hand in Europe, either France or Germany, the Greeks have promised reform before, and it never happens, the political system is corrupt, paying TAX is an extra option for the Greeks.   If the French push an agreement based on the above then the Euro is doomed, all the Greeks want is for the ECB to bring money.   They will never reform and the problem will come back with extra inflation, does anyone recall the Weimar Republic in Germany, if you print to much money the coinage itself is debased.   If the Euro is for the long term it has to have rules, that means juking the Greeks out, otherwise in the long term the Euro will fail. 

The Living Wage - UK Budget 2015

BBC News: Reports " The Living Wage, which starts at £7.20 next April and rises to £9 an hour by 2020, will be compulsory and replaces the minimum wage which is now £6.50.

The chancellor scrapped student grants, cut housing benefit for under-21s and froze working age benefits. " 

Lets Get Real:

The living wage policy was a shock for the Labour Party and one could tell the BBC was not ready for the Conservatives to steal the policy of Ed Miliband,  the Budget will be hard for the Labour Party to oppose, they stated in the General Election that they would take tough decisions, so which policy are Labour going to oppose, a living wage, higher tax threshold or the policy to spend more money on Defence as in line with NATO.   This is an excellent first Conservative Budget, it wrong foots the Labour Party and the left wing elite at the BBC, its a good policy and makes the Opposition look wrong and weak should they oppose the Budget. 

A Conservative Budget for the Nation - Budget Day

H M Treasury: Here are the main points of the Conservative Budget of 2015, " Introducing a new National Living Wage of over £9 an hour by 2020.   From April 2016, a new National Living Wage of £7.20 an hour for the over 25s will be introduced. This will rise to over £9 an hour by 2020.  The tax-free Personal Allowance will be increased from £10,600 in 2015-16 to £11,000 in April 2016 The tax-free Personal Allowance – the amount people earn before they have to start paying Income Tax – will increase to £11,000 in 2016-17.  Protecting defence spending.  The government will meet the NATO pledge to spend 2% of national income on defence every year of this decade.  Reforming the welfare system to make it more affordable.  The welfare system will be reformed to make it fairer for taxpayers who pay for it, while continuing to support the most vulnerable.   Taking the family home out of Inheritance Tax, The family home allowance will be added to the existing £325,000 Inheritance Tax threshold, meaning the total tax-free allowance for a surviving spouse or civil partner will be up to £1 million in 2020-21.   Ending permanent non-dom status, Permanent non-dom status will be abolished from April 2017. From that date, anyone who’s been resident in the UK for 15 of the past 20 years will be considered UK-domiciled for tax purposes.  "

Lets Get Real:

This what a REAL Consercative Budget looks like, fair for those in work and helping business to hire more people.   Those on living wage should be happy, it is wise to restrict it to those over 25, how much can those who have left school or college have really paid in to the system.   Lets see how Labour reacts, they living wage threw them and the BBC.  Good day to be a Conservative.