
The Tories have unveiled a tax break for married couples which will be funded by a levy on banks.
They hope that this will “seal the deal” with the electorate.
Oh dear. How I laughed! They really are out of touch aren’t they?
George Osborne called the tax break “modern and progressive”, although I’m not sure why, except that they are probably meaningless buzz words that his spin people have told him will impress us ordinary folk.
Osborne insisted that promoting marriage in the tax system is not preachy but says “a society where more people are married is a stronger society”. Actually, I’m not sure that it is, but it makes good money for solicitors when the divorces come along so, at least someone profits.
So, anyway, actually it is preachy, but preachy for a reason in that it pleases the old dears who read the Daily Mail, who maybe haven’t given much thought about how much difference a wee piece of paper actually means and who maybe hope that everything will be fine again if only people get married. To be gay friendly (this may be the modern and progressive bit? and the bit the blue rinses will have palpitations over), the package will apply to Civil Partnerships as well!
It will only benefit a third of married/civilly partnered couples and, w
ait for it, the maximum benefit of £150 a year would be enjoyed by those couples where the main earner takes home between £7,300 and £42,500. OK. So the tax bribe for getting married will only affect 1/3 of married couples and will be worth at the most £2.88 a week.
Brilliant idea Mr Osborne. You really are a star. I can see people rushing out to get married. The Registry and Registrars’ Offices, churches, mosques and temples, chapels and synagogues will be doing a roaring trade if you get in next
month.
You preachy old thing you.
Osborne is taking a huge risk of course with the City of London, and for that matter Edinburgh’s financial district. His proposals will tax banks to pay for this without waiting for international agreement. He is staking his credibility on other countries following his lead. I’m not entirely sure that following George Osborne is something I’d be rushing to do.
According to the Times the tax allowance is planned for next April, although there is no formal commitment from the party to bring it in then.
The marriage tax break was first mooted by David Cameron in 2005 and was intended to be for couples with young children. I imagined at that time that it would be something financially worthwhile, a bribe, if you like, to get couples to marry. But at under £3 per person, per week, the whole thing is surely designed only to create a headline in the Daily Mail that will please the blue rinses.
Nick Clegg has described the proposals as patronizing drivel that belongs in the Edwardian age and I’m inclined to agree. Even people at the bottom end of the tax bracket aren’t going to go to all the expense of getting married so that can buy 1 ½ extra loaves of bread a week.
To each individual the money means nothing but it will cost half a billion a year. I’m not sure what that would build in today’s world, but it might pay off some of our gigantic debt.
Maybe this wasn’t the brightest move.....Time for Ken Clarke at Number 11?
Pic: A typical wedding affordable for everyone with the new Tory tax breaks; and George Osborne, author of this great fortune.
They hope that this will “seal the deal” with the electorate.
Oh dear. How I laughed! They really are out of touch aren’t they?
George Osborne called the tax break “modern and progressive”, although I’m not sure why, except that they are probably meaningless buzz words that his spin people have told him will impress us ordinary folk.
Osborne insisted that promoting marriage in the tax system is not preachy but says “a society where more people are married is a stronger society”. Actually, I’m not sure that it is, but it makes good money for solicitors when the divorces come along so, at least someone profits.
So, anyway, actually it is preachy, but preachy for a reason in that it pleases the old dears who read the Daily Mail, who maybe haven’t given much thought about how much difference a wee piece of paper actually means and who maybe hope that everything will be fine again if only people get married. To be gay friendly (this may be the modern and progressive bit? and the bit the blue rinses will have palpitations over), the package will apply to Civil Partnerships as well!
It will only benefit a third of married/civilly partnered couples and, w
ait for it, the maximum benefit of £150 a year would be enjoyed by those couples where the main earner takes home between £7,300 and £42,500. OK. So the tax bribe for getting married will only affect 1/3 of married couples and will be worth at the most £2.88 a week.Brilliant idea Mr Osborne. You really are a star. I can see people rushing out to get married. The Registry and Registrars’ Offices, churches, mosques and temples, chapels and synagogues will be doing a roaring trade if you get in next
month.You preachy old thing you.
Osborne is taking a huge risk of course with the City of London, and for that matter Edinburgh’s financial district. His proposals will tax banks to pay for this without waiting for international agreement. He is staking his credibility on other countries following his lead. I’m not entirely sure that following George Osborne is something I’d be rushing to do.
According to the Times the tax allowance is planned for next April, although there is no formal commitment from the party to bring it in then.
The marriage tax break was first mooted by David Cameron in 2005 and was intended to be for couples with young children. I imagined at that time that it would be something financially worthwhile, a bribe, if you like, to get couples to marry. But at under £3 per person, per week, the whole thing is surely designed only to create a headline in the Daily Mail that will please the blue rinses.
Nick Clegg has described the proposals as patronizing drivel that belongs in the Edwardian age and I’m inclined to agree. Even people at the bottom end of the tax bracket aren’t going to go to all the expense of getting married so that can buy 1 ½ extra loaves of bread a week.
To each individual the money means nothing but it will cost half a billion a year. I’m not sure what that would build in today’s world, but it might pay off some of our gigantic debt.
Maybe this wasn’t the brightest move.....Time for Ken Clarke at Number 11?
Pic: A typical wedding affordable for everyone with the new Tory tax breaks; and George Osborne, author of this great fortune.



