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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:
Choccyp1g · 29/10/2024 11:16

It would have to be done over a period of time, but we should recognise that employEES NI is just another word for tax, so it should gradually be incorporated into income tax. This would also mean that pensions and income were taxed at the same rate.

Even better if employERS NI could also be moved into income tax, but this might be more tricky to sell.

Choccyp1g · 29/10/2024 11:04

Mlanket · 29/10/2024 07:34

https://schoolsweek.co.uk/falling-rolls-the-true-cost-of-declining-school-populations/

The government really needs to look at the school funding model as it’s based on head count.

Schools should be at least partly funded on how many classes they need, rather than how many children.

Laserwho · 29/10/2024 10:59

Mlanket · 29/10/2024 10:51

So according to you we should just ignore the ones who carnt and leave them to choose between heating, food or prescriptions! Shame on you

Err, where did I say this? Blanket free prescriptions for the over 60s will be gone in the next decade though.

I very much doubt that

TigerRag · 29/10/2024 10:55

onlyk · 28/10/2024 20:31

A higher personal tax allowance so people have an amount they can live on before tax ( benefits pensioners, part time workers and people on lower wages) and start the higher rate lower to compensate. People on low incomes wouldn’t then have to rely on benefits as much.

Increase it so that people aren't taxed like they are now and then given benefits to top up their income.

Mlanket · 29/10/2024 10:51

They will increase the age

Mlanket · 29/10/2024 10:51

So according to you we should just ignore the ones who carnt and leave them to choose between heating, food or prescriptions! Shame on you

Err, where did I say this? Blanket free prescriptions for the over 60s will be gone in the next decade though.

Choccyp1g · 29/10/2024 10:51

GrannyRose15 · 28/10/2024 22:37

Every penny of it has been taxed once, sometimes twice and in some cases many times. How would you like everything you had worked for taken by the government.

No it hasn't. Most inherited wealth is house prices that went up through no effort at all on the part of the owners, (some even had tax relief on their mortgage payments) or interest and share price increases on savings in ISAs, which are tax free.
Or the really rich with trust funds.

TimTamTime · 29/10/2024 10:44

itslikecakesbutitsnotcakes · 29/10/2024 08:16

It was the same when I was 24 which was 26 years ago.

I had no option to stay at home so I had to share a flat with 3 others. It cost me well over half my wages too. Thats fairly standard and has been for at least 2 generations.

I agree - it's normal to be in a house share in your early 20s. I was in house shares on and off into my mid 30s due to moving around for work and being in expensive cities. Expecting your own place (as a single adult) at 24 is unrealistic unless you are in a cheap place or on a high wage and that's nothing new. My older relatives went from sharing a room at home to sharing a room with a work colleague then getting married. People have much higher expectations these days - student accommodation has en suites as standard and that's a very new change, halls all had shared facilities when I was there.
A budget focusing on balancing the books would be nice, rather than ideology and future vote winning. Relatively speaking the mid & lower earners pay less tax here than in Scandinavia - if we want a high service country we have to have high taxes all round. And yes to a copay model for the NHS - that's how most of Europe does it.

linelgreen · 29/10/2024 10:36

onlyk · 28/10/2024 20:31

A higher personal tax allowance so people have an amount they can live on before tax ( benefits pensioners, part time workers and people on lower wages) and start the higher rate lower to compensate. People on low incomes wouldn’t then have to rely on benefits as much.

Totally agree with this one. Increase personal allowance to £20k before basic rate tax kicks in this would give those starting their working lives a chance to build up savings to get themselves established with housing and transport. Then increase the 40% threshold to £65k which would then encourage some professions eg doctors to remain as full time employees.

Laserwho · 29/10/2024 10:21

Mlanket · 29/10/2024 08:07

Have you missed the part where alot of pensioners can either heat the house or eat but carnt do both, and many struggle to do even that. So no they carnt afford the annual certificate.

Im sure some can’t but plenty can although of course they will resent paying for it.

So according to you we should just ignore the ones who carnt and leave them to choose between heating, food or prescriptions! Shame on you

Mlanket · 29/10/2024 10:19

They manage it in other countries

TigerRag · 29/10/2024 10:09

Kendodd · 29/10/2024 09:47

95% of prescriptions are dispensed free of charge. If charging for appointments followed this model, only 5% of appointments would be paid for.

Will probably cost more to administrate the whole thing

mondaytosunday · 29/10/2024 10:02

That stamp duty idea is ridiculous. What percentage of buyers have kids under 18? I think that will create a huge hole.
I'd reform inheritance tax.
Not clear about your reasoning on the pension thing - I doubt there will be a rush to buy as that would already be happening as it exists.
How are all these to be paid for by the way? £10 charge to see GP is the only thing you added in the plus column (unclear about pension), but you've taken billions out.

Mlanket · 29/10/2024 09:52

They were protected because they vote Tory. That's all.

The size of them too

Kendodd · 29/10/2024 09:47

Mlanket · 29/10/2024 07:59

I’m really bad at going to the doctors because it’s such a faff, I would pay £10 if it made the service better. I have gone private for dental because that way I can actually get a convenient appointment!

95% of prescriptions are dispensed free of charge. If charging for appointments followed this model, only 5% of appointments would be paid for.

Shadysadiebaby · 29/10/2024 09:46

Ozanj · 29/10/2024 09:34

They are protected because any functional state wants workers to be able to fund their own retirement instead of needing to rely on benefits / handouts.

That's patently not true though. Triple lock, free prescriptions, bus passes, WFA - none of these are about people being able to "fund their own retirement" they're literally benefits!
They were protected because they vote Tory. That's all.

notbelieved · 29/10/2024 09:34

renovating · 29/10/2024 08:21

One thing I wish the government would do would be to do something radical about absent fathers who don't pay child support.

And present fathers who don’t pay.child support. There are plenty of those. Don’t forget them!

Ozanj · 29/10/2024 09:34

Shadysadiebaby · 29/10/2024 08:58

Of course it's a bad idea to prioritise one group but that's exactly what the Tories have done the whole time they've been in power. Pensioners have been protected the last 14 years or so. It's time to redress the balance at least a bit.

They are protected because any functional state wants workers to be able to fund their own retirement instead of needing to rely on benefits / handouts.

Jellycatspyjamas · 29/10/2024 09:31

*To me putting young people first isn’t around tax incentives to get on the housing ladder and is more fundamental:

• education properly funded
• children’s centres, social services, EdPsychs etc. all properly funded
• College and uni lecturers properly funded so students have in-person, quality higher education
• Proper apprenticeship schemes offering a range of career options
• etc.

People may never be homeowners for a variety of reasons and that is not a benchmark of ‘having achieved’. We can give them the best start at least.*

All of this, and then I'd add in proper mental health care through funding for CAMHS, easy access to neurodiversity assessments and actual support following diagnosis. I'd massively diversify the offer for children with additional support needs into adulthood. I'd also improve supports for care experienced children and young people through to early adulthood.

YellowAsteroid · 29/10/2024 09:31

IVFmumoftwo · 29/10/2024 09:22

The state deciding if you can have children? I think your idea is a lot worse than OP's.

Clearly you didn’t properly comprehend my post. You fail the IQ test.

BettyBardMacDonald · 29/10/2024 09:30

Well said, @YellowAsteroid

Naunet · 29/10/2024 09:24

So your theme seems to be, make life more expensive for those who have paid into the system all their lives, whilst rewarding those who haven’t contributed anything with perks previous generations never had, and now have to finance?! Yeah, that sounds fair…🙄

IVFmumoftwo · 29/10/2024 09:22

YellowAsteroid · 29/10/2024 08:53

I'll tell you what @HFJ you can have your ageist and lacking-in-insight to life cycles budget, but only if:

  • any woman who wants to have a child passes an IQ test and is deemed at least 10 points above the median
  • any woman wanting State support of any sort for her conception, pregnancy, birth, and child's support and schooling, can show she's been a nett contributor to taxation income for at least 5 years before becoming pregnant ie she has a decent job
  • all men have vasectomies and store their sperm at the age of 15, so that there can be no "accidental" pregnancies

I am sick of my taxes and really long hours & hard work over the last 40 years going to feckless men and women who think that reproducing is some sort of prize that I should e grateful for.

Unreasonable ? Yes of course. But your requirements are even more so.

Just wait until you're 67.

The state deciding if you can have children? I think your idea is a lot worse than OP's.

Shadysadiebaby · 29/10/2024 08:58

Sharptonguedwoman · 29/10/2024 08:54

Over 60 here😬. Thanks. Scrap heap here I come, despite having worked and contributed all my adult life. I think it's a very bad idea to prioritise one group of people against another. I could say what I really think of your ideas but probably better that I don't.

Of course it's a bad idea to prioritise one group but that's exactly what the Tories have done the whole time they've been in power. Pensioners have been protected the last 14 years or so. It's time to redress the balance at least a bit.

Sharptonguedwoman · 29/10/2024 08:54

Moier · 28/10/2024 20:40

You do realise that Stammer and the labour party is in power?
You're not ever ever going to get all that.
He's only out for his own gains.
Made false promises in the run up to the election....my family and friends who voted Labour are all now regetting doing so.

Over 60 here😬. Thanks. Scrap heap here I come, despite having worked and contributed all my adult life. I think it's a very bad idea to prioritise one group of people against another. I could say what I really think of your ideas but probably better that I don't.

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