Will we see the end of the Child Care Tax Voucher scheme?
It has been suggested that this has received a stay of execution, but in the fullness of time will be removed for those deemed to be 'high income households'!
Maybe the Chancellor should consider the fact that they are deemed 'high earning' is because they bother to invest their money into their children being looked after and going to work to pay more tax!!
Of course in considering this budget statement, how can we forget the lovely thought of planning our way around the 50 and effective 60% tax thresholds? I am sure all the people who the government is going to hit here are excited to see how long they will have to work each year before the money they earn is their own.
If you consider a 50% tax rate, that equates to 6 months working for the government and then the 60% marker is over 7 months of the year.
Let's hope we don't have any more bad news on the horizon.....and we will of course update you in our summary that will come out on the 10th December
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