Well,

some may be better off due to increase in personal allowance, but cost of living is increasing above the rate of wage increases. It is even worse for people who are made redundant and out of work as the increase in personal allowance is negligible compared to the loss of income.

So what about employment? Ah, it is going to further increase. Make sure you are not one in that statistic, as out of work benefits are not a safety net you would expect for all your contributions over the working life.

I just wonder if the beneficiaries of the reduced income tax will spend all the extra money they have. Surely some of it will be put away for a rainy day, some will be spent abroad?

How is that an efficient way of creating employment?

This post was last modified: 22-03-2012 02:16 PM by DerbyHillTop.