Budget 2012 

Fags up, higher rate tax down. But does it affect you? And are you that bothered? - WATCH VOX POP

 

Just minutes after George Osbourne delivered the 2012 Budget we hit the streets of Swindon to find out what people thought.

 

Budget 2012 Reaction

Swindon town centre

21 March 2012

Budget 2012 - the key points

 

Tax

- 50p tax rate will be reduced to 45p from April 2013

- income tax allowance raised to £9,205 from April 2013; it is currently £7,475 and will go up to £8,105 in April 2012

 

Cigarettes and alcohol

- cigarettes up 37p per packet from 6pm tonight

- no change to alcohol duty

- no change on fuel duty

 

Pensions

- a single tier pension, at a minimum of £140, to be introduced

 

Business Tax

- corporation tax will be cut to 24% from April 2012, falling to 22% by 2014

 

Housing market

- stamp duty on properties worth over £2 million to increase to 7% from midnight

 

Sunday trading

- Sunday trading laws to be relaxed for 8 weekends beginning 22 July