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AIBU?

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To want a budget which puts young people and families first

385 replies

HFJ · 28/10/2024 19:59

In advance of an upcoming budget that will likely hammer working people (again, despite the rhetoric), I’m consoling myself by imagining my own budget. You’ll notice a theme. This is because I believe young people and families are the future, deserve to have hope, aspirations and goals. Please feel free to contribute.

  1. The first 5 years of young people’s full time earnings to be tax and NI free. This would enable all to save for a house deposit, rather than only the few who inherit. Imagine the incentive to work hard!
  2. No increases to any tax that primarily affects working age people, including fuel tax (because working people need fuel to go to work)
  3. No stamp duty for young people and those with children under 18. This enables them a fairer chance of buying property rather than have to compete unfairly with cash buyers
  4. Complete removal of the pension tax free cash allowance. This is because 100s of 1000s are poised to take their 25% lump sum and plough this into the property market (tbf I think the gov has got wind of this, hence the landlord tax changes)
  5. instead of massive increases to NHS budget (which does not really benefit the young or families), a £10 charge to see the doctor, so people start to take ownership for their health
  6. Removal of the free prescription for over 60s. Instead, use this money to bring back the school nurse and perhaps even school dentist visits

Any other ideas?

OP posts:
daliesque · 29/10/2024 18:32

Mlanket · 29/10/2024 16:42

People who didn’t vote can’t be included in vote statistics. In the Brexit vote, older people were more likely to vote Brexit.

Edited

No but if some of the mostly younger people who couldn't be arsed to vote got off their backsides and did so, then we could have had a different outcome.

daliesque · 29/10/2024 18:28

SweetcornSoup · 29/10/2024 16:05

I think you should come back when you're over fifty and reread what you have written, see if you've changed your stance

Edited

Especially as those of us over 50 grew up in Thatchers Britain. That was fun for young people.

saltinesandcoffeecups · 29/10/2024 18:04

taxguru · 29/10/2024 15:21

The fact that public services are generally poor with purchasing decisions doesn't make the idea wrong. Perhaps they need to engage better procurement practices, and actually aim for value for money and competitive pricing, rather than being conned by suppliers who rely on their lack of experience and poor knowledge of purchasing procedures. It's amazing how much better deals that private firms manage to get despite far lower purchasing power. Same with the NHS, not just schools. They're far too easily manipulated and conned into accepting expensive contracts and deliberately false price lists etc.

Can’t they do that now with the money they currently get?

Mlanket · 29/10/2024 17:36

Those same young people who seem unable to recognise the hardships we went through (there were many, not necessarily the same as now) but expect the over 50s to give up their homes, any financial security they may have been able to achieve and forgo any kind of healthcare so we drop dead ASAP.

How many young people statistically think that? 😆

Katypp · 29/10/2024 17:28

I think the generation raising children now seem to think they have a monopoly on hardship and no other generation has ever had issues but them.
Every generation has problems. I am 57 and houses were cheaper and easier to mortgage in the 80s when I bought, but interest rate rises were horrific.
My parents bought a post-war semi on one wage but struggled at times as you had to live within your means with no easy credit to fall back on.
To the OP - you will be 50+ in no time at all. I think you will see things differently then

notbelieved · 29/10/2024 17:10

Mlanket · 29/10/2024 16:52

But I didn’t vote for that. So stop blaming older people. End of. Plenty of younger people voted for Brexit. Maybe have a go at them?

That posters was talking statistically though…

Sure. statistically a huge percentage of people aged 50 or over didn’t vote for Brexit. Statistically a significant portion of young people voted for Brexit.

It’s easy to turn around. Lots of older people also have young adult children and are well aware of the issues facing young people and their families. Those same young people who seem unable to recognise the hardships we went through (there were many, not necessarily the same as now) but expect the over 50s to give up their homes, any financial security they may have been able to achieve and forgo any kind of healthcare so we drop dead ASAP.

Soukmyfalafel · 29/10/2024 17:10

I think if you solve housing issues for families and young people then the rest follows. The first place this country fell flat on its face was when homes became investments rather than somewhere to live. The best start in life is a secure home and a means to move around the country without having to think too much about whether you can afford to live there.

Both Labour and Tories fucked this up and were too thick to realise this, but Tories probably a bit more.

Mlanket · 29/10/2024 16:52

But I didn’t vote for that. So stop blaming older people. End of. Plenty of younger people voted for Brexit. Maybe have a go at them?

That posters was talking statistically though…

Nogaxeh · 29/10/2024 16:50

People wouldn't need to save up so much money for a deposit if house prices weren't insane. Build millions of homes.

People buying a house would have less to worry about from cash buyers if the housing market wasn't such a seller's market due to under supply. Build millions of homes.

notbelieved · 29/10/2024 16:50

taxguru · 29/10/2024 16:28

The statistics showed that the older groups voted for Brexit and the younger groups voted for Remain.

But I didn’t vote for that. So stop blaming older people. End of. Plenty of younger people voted for Brexit. Maybe have a go at them?

Mlanket · 29/10/2024 16:42

People who didn’t vote can’t be included in vote statistics. In the Brexit vote, older people were more likely to vote Brexit.

Westfacing · 29/10/2024 16:39

In the Brexit referendum of 2016, 73 percent of people aged between 18 and 24 voted to Remain in the European Union

That should say 73% of those who bothered to vote.

The Brexit Factbook | Statista

The Brexit Factbook - Get the report with graphs and tables on statista.com!

https://www.statista.com/study/58259/the-brexit-factbook/

Westfacing · 29/10/2024 16:36

Statistically it was younger people who didn't bother to vote in the Referendum!

And those pesky Northerners were partial to leaving, don't forget them when criticising us oldies. Well, in 2016 I wasn't over 65 but I am now and don't want to be tarred with the Leave brush!

taxguru · 29/10/2024 16:33

Mlanket · 29/10/2024 16:31

interest rates started to rise and only stopped at 15%

interest rates of 15% are similar to interest rates of 5% in terms of impact on household finances. This is because house prices are higher than in the past.

And interest rates of that level were for a very short period of time anyway.

Mlanket · 29/10/2024 16:31

interest rates started to rise and only stopped at 15%

interest rates of 15% are similar to interest rates of 5% in terms of impact on household finances. This is because house prices are higher than in the past.

Mlanket · 29/10/2024 16:28

In the Brexit referendum of 2016, 73 percent of people aged between 18 and 24 voted to Remain in the European Union, compared with just 40 percent of people aged over 65. In fact, the propensity to have voted Leave increases with age, with the three oldest age groups here voting leave and the three youngest voting to Remain

The Brexit Factbook | Statista

The Brexit Factbook - Get the report with graphs and tables on statista.com!

https://www.statista.com/study/58259/the-brexit-factbook/

taxguru · 29/10/2024 16:28

notbelieved · 29/10/2024 16:22

The younger generations are now having to deal with an unprecedented recession caused by the major fuck-up that Brexit has been. They did not vote for this shit

Neither did plenty of us over 50. My mum voted remain in her 80s. Why are you blaming us?

The statistics showed that the older groups voted for Brexit and the younger groups voted for Remain.

Mlanket · 29/10/2024 16:27

I thought statistically more older people voted for Brexit. This does not mean every single older person voted for Brexit

notbelieved · 29/10/2024 16:22

The younger generations are now having to deal with an unprecedented recession caused by the major fuck-up that Brexit has been. They did not vote for this shit

Neither did plenty of us over 50. My mum voted remain in her 80s. Why are you blaming us?

YellowAsteroid · 29/10/2024 16:19

. They did not vote for this shit and now they are paying the consequences.

If anyone 18 or over in 2016 (so 26 now) couldn’t be arsed to vote in the EU referendum then it’s their own stupid fault.

YellowAsteroid · 29/10/2024 16:10

I am only in my 50s - cinemas were a birthday treat, coffees and takeaways - we had fish and chips the day we moved house- cars - gadgets, days out to zoos or Christmas lights or anything really - we had a picnic in the hills , house had water running down the walls of the third bedroom, I recall my grandparents getting an inside loo and heating ... and we were quite well off I would say.

This.

I’m in my 60s - just born at the end of the 50s and o e of those awful greedy baby boomers I lived in house shares till I was 33. Two years after I bought my first house (tiny, no central heating, no proper bathroom) interest rates started to rise and only stopped at 15%

I learnt to sew my own clothes, as my mother had before me - we never had shop-bought clothes and I had two new pairs of shoes a year - summer and winter. Plus new school shoes once a year if needed.

I don’t think todays 30 year olds realise what an easy luxury life many of them have lived.

SweetcornSoup · 29/10/2024 16:05

I think you should come back when you're over fifty and reread what you have written, see if you've changed your stance

Mlanket · 29/10/2024 15:53

So you agree with me then 👍

5128gap · 29/10/2024 15:48

Mlanket · 29/10/2024 14:25

It actually can. It's called means testing and has been about for years.

But there has to be a cut off, some will lose out. Hence the outcry over means testing winter fuel.

The outcry over the WFP isn't due to the principle of means testing its due to a failure to means test properly. An appropriate means test for WFP would have looked not only at receipt of a passport benefit but at income levels overall, whether there were non dependent adults living in the property, and introduced a taper rather than an all or nothing approach, simular to calculations for housing costs. But obviously that's expensive and cumbersome, so here we are.

MereDintofPandiculation · 29/10/2024 15:39

GoldCat255 · 29/10/2024 15:23

YANBU by any stretch of the imagination. The younger generations are now having to deal with an unprecedented recession caused by the major fuck-up that Brexit has been. They did not vote for this shit and now they are paying the consequences. So yes OP, I am with you. They need to be prioritised.

So are the older generations. Most people didn't vote for this shit (only just over half of those who did vote, and not everyone voted).

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