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Interactive tool to find out whether you're a Budget winner or loser

Mar 06, 2024 View Original Article
  • Bias Rating

    62% Medium Conservative

  • Reliability

    N/AN/A

  • Policy Leaning

    62% Medium Conservative

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

5% Positive

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Bias Meter

Contributing sentiments towards policy:

62% : But Sir Keir said the Budget was the 'last desperate act of a party that has failed'.Being 'punished' for vaping, 'nightmare' of getting on the property ladder, worries over benefits and calls for more tax cuts as families struggle with the cost of living: Brits react to Jeremy Hunt's pre-election BudgetBy Meike Leonard and Mark DuellBritons reacted to Jeremy Hunt's Budget today as they told MailOnline of their worries over income tax, benefits, buying a house and even the cost of vaping:'Holiday let tax break changes will cost us £10,000 a year'Chris and Vicky SaynorChris and Vicky Saynor, both 48, estimate that their holiday let business will lose more than £10,000 a year now that Furnish Home Let (FHL) tax breaks have been abolished.
59% : He also thinks that more clarification needs to be provided on certain aspects of inheritance tax - for example, what exactly is seen as tax avoidance by the HMRC and why the threshold for untaxed gift giving is seven years.
58% : She chose an electric vehicle (EV) mainly for environmental reasons, as she doesn't believe that using fossil fuels is sustainable for the earth.
56% : But as he insisted those with the 'broadest shoulders' will pay more, he committed to scrapping the non-dom status for wealthy foreigners, putting the £2.7 billion a year raised as a result towards tax cuts.
54% : That is largely down to tax thresholds staying frozenPublic expenditure as a proportion of GDP nudges down very slightly in the OBR's latest forecastsCPI inflation is expected to fall faster than the OBR thought in November - although it warned of the danger of energy price shocksThe OBR's calculations have been shifted by new population estimates, after huge immigration over the past few yearsThe OBR forecast growth of 0.8 per cent in 2024, up from the 0.7 per cent forecast in November, and 1.9 per cent next year - up from 1.4 per cent on the autumn forecast.
54% : In terms of personal income tax cuts, Mrs Bennett thinks that any reduction would have been welcome to help with their skyrocketing fuel and energy bills.
54% : He admits that if he had children he would likely be doing everything he could to avoid the tax.
53% : The Chancellor said he will maintain his plan to increase public spending by 1 per cent a year over the course of the next parliament, although the OBR said the plans 'imply no real growth in public spending per person over the next five years'.
53% : Richard Oldfield, 64, and his dog, golden retriever Rollo, outside his property in Kent'Inheritance tax is a tax that entirely reasonably applies to the wealthy - just 4 per cent of the population - and they're the group that are almost certainly capable of exploiting all the loopholes they can to avoid paying the tax.'
52% : But the Office for Budget Responsibility (OBR) said frozen income tax thresholds would result in more than three million more taxpayers, more than two million more higher rate and half a million more additional rate taxpayers by 2028.
51% : currentlyNew tax on vapesRise in tobacco dutyCurbs on 'non-dom' tax statusExtension of windfall tax on North Sea oil and gasCrackdown on tax breaks for holiday letsExtension of 5p cut in fuel dutyAlcohol duties will remain frozen until February 2025Threshold for VAT registration for small businesses will go up from 85k to 90k£1million towards building a war memorial for Muslims who fought for the UK in past warsA new 'British Isa' giving investors a £5,000 extra tax-free allowance to 'encourage more people to invest in UK assets'Planned growth in day-to-day public spending will be kept at 1 per cent in real termsAdvertisementSpeaking about changes to national insurance Mr Hunt said: 'That means the average earner in the UK now has the lowest effective personal tax rate since 1975, and one that is lower than in America, France, Germany or any G7 country.'
51% : I'm glad they've extended it but the Household Support Fund must continue, not just for the six months but further on from that.''Everything has shot up but taxable income hasn't risen'Michael Taylor and Nora TaylorMichael Taylor, 33, had been considering moving to Dubai if the Government decided to make changes to Capital Gains Tax and Isas in this year's Spring Budget.
51% : The present form of taxation doesn't help the health service because it just becomes a political football - what it actually needs is money and management.''So much of the national wealth is being sunk into housing 'Colin ReedRetired lawyer Colin Reed, 65, said he would like to see the Government implement more realistic policies that promote economic growth - particularly in the tech and business sectors.
51% : 'Because we're marginally within the higher tax bracket, we tend to lose out when personal allowance is raised or benefits expanded but also aren't impacted by capital gains or inheritance tax reform.
50% : Corporation tax is then another 25 per cent, so £2,500, making the net income for the company just £7,500, which is then taxed 33 per cent by Dividend Tax, meaning the business directors are bringing in less than £5,000.''Because my business does over £85,000 in revenue, it means I need to charge VAT.
50% : Ideally, Mrs Bennett would like to see any tax breaks on corporation tax, as well as a change to VAT - reducing the burden on the hospitality industry, which her bakery tends to supply to.
49% : Now working part-time to juggle child-care, Mrs Kennedy Christian currently earns under the income tax threshold.
49% : Retired NHS consultant Liakat Parapia, 74, spoke about inheritance tax and the need for reform'It would make much more sense to expand capital gains tax - which would hit people like me who own property - or instead have a withholding tax, where the recipient of the money pays a tax.
46% : Vicky Borman, 45, pictured in the bedroom of her property in St Neots, Cambridgeshire'My husband is self-employed, and it's the builders like him who keep everything ticking that we need to do more to protect by ensuring that they're not being taxed within an inch of their life.'Mrs Borman's dislike of the current rate of taxation extends to inheritance tax, which she thinks needs reform.
45% : Mr Hunt also offered more help with child benefits for parents earning more than £50,000 and cut the top rate of capital gains tax on property sales - arguing that reducing it from 28 per cent to 24 per cent will bring in more money because of increased activity.
45% : The Chancellor also offered more than £1 billion in extra tax breaks for the creative industries over the next five years.
44% : The Chancellor told MPs that, by delivering on Prime Minister Rishi Sunak's economic priorities, 'we can now help families not just with temporary cost-of-living support but with permanent cuts in taxation'.
41% : The second ill-considered adverse consequence of abolishing inheritance tax, he argued, would be the loss it would cause to public expenditure.
40% : And he confirmed a new British ISA will allow an extra £5,000 of tax-free investment in UK assets.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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