Paddypower is betting on the Budget this afternoon
Leading bookmaker Paddy Power have launched a range of betting opportunities around the forthcoming budget following today’s announcement that Alistair Darling will deliver his much-awaited pre-election balancing of the nations coffers this afternoon.
And with the likelihood of the election being called just weeks later Paddy Power reckon there won’t be too many unpleasant surprises for the British voting public.
Its evens with Paddy Power that the top rate of income tax will be remain somewhere between 46p to 50p and 8/13 that the standard rate of VAT will remain between 16.5% to 17.5%. They make an increase in job seekers allowance their odds-on favourite 2/5 and 10/11 for corporation tax to remain uncharged. The bad news for the public is Paddy Power is expecting another rise in the duty on alcohol.
Paddy Power said: “We don’t think there’ll be too many surprises with the Chancellor somewhat hamstrung by the forthcoming Election. Of course, we could be completely wrong and Darling may choose to go out all guns blazing to leave as much mess as possible in the hope that a Conservative government suffer the consequences.”
What will happen to tax on Alcohol?
4/6 Increased
11/8 Unchanged
5/1 Reduced
What will happen to tax on tobacco?
1/3 Increased
2/1 Unchanged
10/1 Reduced
What will be the top rate of Income Tax? (Currently 50p)
20/1 40p or Under
16/1 41p - 45p
Evs 46p - 50p
5/4 51p - 55p
4/1 56p - 60p
14/1 Over 60p
What will the inheritance tax threshold increase by?
6/1 £0 - £10,000
2/1 £11,000 - £15,000
9/4 £16,000 - £20,000
3/1 £21,000 - £25,000
5/2 Over £25,000
What will happen to the rate of corporation Tax?
10/11 Unchanged
7/4 Increased
5/2 Reduced
What will happen to the basic Job Seekers allowance?
2/5 Increased
2/1 Unchanged
8/1 Reduced
What will the standard rate of VAT be? (Currently 17.5%)
10/1 19.5% or Over
5/2 18% - 19%
8/13 16.5% - 17.5%
5/1 15% - 16%
10/1 14.5% or Under
Bet on the budget with Paddypower's free bet offer this afternoon (£100 free bet)