Budget 2021. What 1 change would you make?

Bunkermagnet

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So there is no debate on the why or wherefore. You have the chance to make 1 change to the countries budget in these current times.
My change would be to abolish with immediate effect the road tax free status of all electric vehicles.

Whats yours.
 

Smiffy

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Switch road tax to more duty on fuel. The more you use the roads, the more you're taxed. This will also catch the foreign lorries coming to the UK, using the roads but paying no road tax, assuming they fill their tanks here.

This idea has been mooted for Donkeys years. It makes sense. Why should the little old lady travelling 2,000 miles a year pay the same as a business user travelling 50,000??? And it will tempt people to go for more economical cars, especially electric etc.
 

Papas1982

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Reduce VAT to 17.5% again to boost the economy and encourage spending
Absolutely against that idea.

Last summer the country sold out of home jacuzzis and everyone ate out 3 times a week. When the shops are open people will go.
we have to raise funds, a massive increase to corporate tax needs to come in imo. Any company that used the furlough scheme should pay a massive hike on their profits for the next 3 years, or until their additional taxes exceed 50% of what was paid for them.
 
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Kellfire

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Absolutely against that idea.

Last summer the country sold out of home jacuzzis and everyone ate out 3 times a week. When the shops are open people will go.
we have to raise funds, a massive increase to corporate tax needs to come in imo. Any company that used the furlough scheme should lay a massive hike for the next 3 years, or until their additional taxes exceed 50% of what was paid for them.
So you want to save companies just to cripple them after furlough ends? That’s not very sensible.
 

pauljames87

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Absolutely against that idea.

Last summer the country sold out of home jacuzzis and everyone ate out 3 times a week. When the shops are open people will go.
we have to raise funds, a massive increase to corporate tax needs to come in imo. Any company that used the furlough scheme should pay a massive hike on their profits for the next 3 years, or until their additional taxes exceed 50% of what was paid for them.

Disagree, people only spent because they weren't going out, wfh so saved travel costs

Loads of other little savings

Once things return people will be apprehensive to spend

Plus 20% was a temp measure 10 years ago
 

Papas1982

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Disagree, people only spent because they weren't going out, wfh so saved travel costs

Loads of other little savings

Once things return people will be apprehensive to spend

Plus 20% was a temp measure 10 years ago

if people are really apprehensive, which I could understand as jobs are gonna go when the furlough bubble bursts. You could argue that lowering 2.5% would be wrong as it would be encouraging people to spend what they shouldn’t....

Also, unless you’re buying a big ticket item, it’s peanuts you’re saving, but millions that’s taken out of the economy.
 
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