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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Another budget one. Sorry.

307 replies

photodiva · 31/10/2024 09:03

I keep seeing posts about how this budget will be so bad for us all, am I the only one who won't be (personally) directly affected? Or at least, in a negative way?

I get the issues around businesses and NI but I am a civil servant.

I will get a pay rise! Yep, you read that right. I earn NMW so my wages will go up.

And I don't have a 'gold plated ' pension.

I totally get there will be a lot affected but I can't be the only one who benefits can I?

OP posts:
IVFmumoftwo · 31/10/2024 12:24

Overpayment · 31/10/2024 12:03

It’s more a case that the already 6 figure tax bill we pay each year is quite enough, we’re not prepared to pay any more.

You obviously don't value Private education that much then.

Overpayment · 31/10/2024 12:22

noblegiraffe · 31/10/2024 12:11

Not many people are prepared to sacrifice their children at the altar of their ideology.

Still, you must be pleased that this budget will put more money into state schools now that you’ll be using them.

The academic results from the local grammar are comparable to the public school DD would have attended, and vastly better than the very poor local state secondarys’ results.

Which is why it’s such a crying shame so many less affluent DC will have lost their opportunity to be educated into a higher socio-economic group.

I do appreciate that I am the type of parent you enjoy sniffing at @noblegiraffe, but there are no winners here.

XxSideshowAuntSallyx · 31/10/2024 12:18

photodiva · 31/10/2024 09:03

I keep seeing posts about how this budget will be so bad for us all, am I the only one who won't be (personally) directly affected? Or at least, in a negative way?

I get the issues around businesses and NI but I am a civil servant.

I will get a pay rise! Yep, you read that right. I earn NMW so my wages will go up.

And I don't have a 'gold plated ' pension.

I totally get there will be a lot affected but I can't be the only one who benefits can I?

Are people really this naive?

You do realise if farmers have to sell up to pay IHT there won't be farmers to farm our food pushing the cost of food up. The more food we import the less carbon neutral we can be.

Businesses will just put the extra costs onto consumers, so your bills will go up too.

I know people like to say the privileged are the only people affected by vat on school fees, but less pupils mean less staff needed so more people out of work, less cleaners, cooks, care takers, matrons, house masters/mistresses will be needed and they aren't the privileged.

twistyizzy · 31/10/2024 12:14

noblegiraffe · 31/10/2024 12:11

Not many people are prepared to sacrifice their children at the altar of their ideology.

Still, you must be pleased that this budget will put more money into state schools now that you’ll be using them.

According to MN, many posters do sacrifice their DC on the alter of their ideology. I know none in real life who would do that but on here it is a badge of honour to do so

twistyizzy · 31/10/2024 12:13

hydriotaphia · 31/10/2024 12:10

Yes, unfortunately not everyone can afford private school. I do sympathise as I would also find it annoying for my kids to change school. It may affect our decision regarding private vs state for secondary school. However, it's not the worst economic plight in the country.

It isn't just "annoying". Research shows how damaging it is for kids to move schools at secondary level. There is massive inequality in state education and that's what mainly prompts most indy parents to choose that option.
My child is one of thousands now facing this, all caused by Labour for a revenge policy that will raise £0 net.

noblegiraffe · 31/10/2024 12:11

Overpayment · 31/10/2024 12:03

It’s more a case that the already 6 figure tax bill we pay each year is quite enough, we’re not prepared to pay any more.

Not many people are prepared to sacrifice their children at the altar of their ideology.

Still, you must be pleased that this budget will put more money into state schools now that you’ll be using them.

hydriotaphia · 31/10/2024 12:10

Yes, unfortunately not everyone can afford private school. I do sympathise as I would also find it annoying for my kids to change school. It may affect our decision regarding private vs state for secondary school. However, it's not the worst economic plight in the country.

MrsSkylerWhite · 31/10/2024 12:08

Brananan · Today 11:56

MrsSkylerWhite · Today 11:54
UtterlyButterly2048 · Today 11:50
**
Baffled by anyone who thinks they won’t be affected by this budget.
Not sure anyone thinks that? We will be negatively affected. That’s ok, the nation is in dire straits and money has to be raised in the fairest way. Some people who’ve had it comparatively easy for the past 14 years just don’t like it.

That's probably you, isn't it, with your dh being a hot shot financial big wig and all

What a spiteful post! Why do you have such a problem with someone having expertise? Or are you of the Gove persuasion and don’t believe in experts?

Yes, it is us, though he chose to transfer to the public sector some years ago so earnings are nothing like they were in the private sector. Still, we have no complaints about paying a bit more. We’re far more comfortable than most.
Why do you? You have a large house and keep an horse. Great, sounds like a lovely life, but it’s not a cheap hobby. Why do you object so strongly about contributing a bit more and feel the need to be so nasty to people who don’t have a problem with it?

twistyizzy · 31/10/2024 12:07

hydriotaphia · 31/10/2024 12:05

Oh and I am a parent of kids in private school who supports the VAT on school fees.

I'm pleased you can afford. Many of us can't!! We have applied for a bursary but as the school are quite sensibly now reducing these then looks like DD will have to leave.
State secondary closest to us has 27% of kids achieving 5 x grade 5+ at GCSE.
But I'm so pleased for you!

peanutbuttertoasty · 31/10/2024 12:07

Soukmyfalafel · 31/10/2024 09:13

No difference to me. As a pp has said it is mainly larger businesses and very wealthy people affected, but there will always be people who come off badly and find it tough. I do think in the current climate it should be affecting people who can shoulder the burden a bit more, rather than putting strain on people already negatively impacted by our economy.

I'm sure people will argue that the less wealthy are always supported by budgets, but the point is it hasn't been enough to slow poverty and economic growth has stalled, services have been underfunded and wages have stagnated. Previous budgets never addressed that. It is a step in the right direction I think, but so much more is needed.

What do you think fuels economic growth though?

hydriotaphia · 31/10/2024 12:05

Oh and I am a parent of kids in private school who supports the VAT on school fees.

twistyizzy · 31/10/2024 12:05

Overpayment · 31/10/2024 12:03

It’s more a case that the already 6 figure tax bill we pay each year is quite enough, we’re not prepared to pay any more.

Yep so now the state will pay for the education of your kids. With no extra money from income tax to do so.
50,000 kids leaving Indy = cost to tax payer of £375,000,000 per year! Well done Labour

TorroFerney · 31/10/2024 12:05

ChardonnaysBeastlyCat · 31/10/2024 10:12

Sorry, you misread me. I suppose I put it unclearly.

I don’t agree with the Count yourself lucky comments.

I think farmers are being fleeced so the land can be used for development.

I think your mistake was not putting the quote from the thread as a quote!! But yes I understood what you meant.

Overpayment · 31/10/2024 12:03

noblegiraffe · 31/10/2024 11:57

If you can’t afford a few extra thousand per year then perhaps your DD wasn’t ’always destined for the independent sector’? Rather ‘if we can afford it, which we now can’t’.

It’s more a case that the already 6 figure tax bill we pay each year is quite enough, we’re not prepared to pay any more.

hydriotaphia · 31/10/2024 12:02

I am feeling excited about the budget. I think the NMW rise will help many people and I am excited about the investment in public services. I do employ people (through a service company) so my profits will be affected and will also be affected by CGT and maybe IHT. But I think that RR has made the right decisions for our country. I truly think that continuing decline in public services due to continuing lack of investment would be much, much worse for our country/growth than the increases in employer NI etc that people are worrying about. Things can only get better imho.

peanutbuttertoasty · 31/10/2024 12:02

UtterlyButterly2048 · 31/10/2024 11:50

Baffled by anyone who thinks they won’t be affected by this budget. You don’t need to be an economist to work out that businesses will of course pass on the increased costs, via price rises and reductions in pay rises or employee numbers. Big businesses because they simply can and will maintain profits to please shareholders, smaller businesses because they simply do not have the overhead capacity or profit margins to pay the increases. So we will all pay more for pretty much everything.
Very worrying for the farmers. We already import so much of our food, this seems like a massive mistake.
This budget will drive up inflation and therefore interest rates so anyone with a mortgage is potentially affected. And if you rent privately this will affect you too.
I honestly cannot see how this is a budget for growth but I will be very happy to be proved wrong.

I can only conclude that when this government talks about growth they are referring to the national debt…

Morven7 · 31/10/2024 11:58

MeMyCatsAndI · 31/10/2024 09:05

It's not that bad, it's mainly the upper classes getting taxed & those who attend private schools will need to pay more.

Educate yourself 🙄

MrsSkylerWhite · 31/10/2024 11:57

fromdownwest

When your breakfast at the local cafe goes up by 10%, or the quote for your new bathroom is 10% higher, then maybe you will understand that we are all impacted by putting the burden on business.

Seriously, if you can afford breakfast in cafes, you can afford a 10% increase.

Plumbing prices have risen significantly since Brexit 🤷‍♀️

peanutbuttertoasty · 31/10/2024 11:57

Prices will go up, small businesses will go under, nurseries and GP surgeries may disappear, as will farmland. Food will be more expensive and worse quality. Salaries will stagnate and pension contributions will go down significantly, leaving more people vulnerable in retirement down the line and the state cannot support them. Redundancies will occur and new jobs will disappear. Entrepreneurs will not take the risk of founding new businesses here. Innovation will suffer and we will not be able to compete. The country will remain attractive to people who want to come here and not be net contributors though, i.e. live off our taxes and welfare.

If you don’t care about any of that, fill your boots.

noblegiraffe · 31/10/2024 11:57

Overpayment · 31/10/2024 11:50

No, we're 'well to do' but will now not be sending DD private as a result of VAT.

We will instead be taking up a place at the excellent local grammar, thus displacing a less affluent (privately prep-schooled and 11+ dead cert) child that would otherwise have had that place.

DD, together with most of her year group, is working several years ahead of the state primaries so has a huge advantage at 11+ over all state educated children.

People like DD were always destined for the independent sector, so this admittedly unfair situation would have had no impact on the state sector. Until the new VAT policy that is.

If you can’t afford a few extra thousand per year then perhaps your DD wasn’t ’always destined for the independent sector’? Rather ‘if we can afford it, which we now can’t’.

MiscellaneousSupportHuman · 31/10/2024 11:57

HelloCheekyCat · 31/10/2024 11:43

Everyone who shops in a supermarket will be affected, suppliers have to increase their wages as NMW goes up, they then pass the increase onto the retailer who then increases retail prices to keep their profit/margins the same.

Remember that when the NMW goes up, everyone's wages goes up.

Because if you're in a slightly more senior or responsible job, would you be happy with finding that your junior colleagues were getting rise that meant there was barely any higher pay for the bigger job?

Brananan · 31/10/2024 11:56

MrsSkylerWhite · 31/10/2024 11:54

UtterlyButterly2048 · Today 11:50
**
Baffled by anyone who thinks they won’t be affected by this budget.

Not sure anyone thinks that? We will be negatively affected. That’s ok, the nation is in dire straits and money has to be raised in the fairest way. Some people who’ve had it comparatively easy for the past 14 years just don’t like it.

That's probably you, isn't it, with your dh being a hot shot financial big wig and all.?

fromdownwest · 31/10/2024 11:56

No one is looking at the real issue here, why is the NHS so fiscally greedy? It is bloated, and riddled with inefficiencies.

The procuration department I have worked with in my local trust, would have been booted from a private sector business within a month. Zero regard to costings, potential savings or any sort of fiscal control.

Throwing good money after bad, just allows this bleeding to continue.

I am not after privatisation, I am after efficiencies.

MrsSkylerWhite · 31/10/2024 11:54

UtterlyButterly2048 · Today 11:50
**
Baffled by anyone who thinks they won’t be affected by this budget.

Not sure anyone thinks that? We will be negatively affected. That’s ok, the nation is in dire straits and money has to be raised in the fairest way. Some people who’ve had it comparatively easy for the past 14 years just don’t like it.

ScreamNow · 31/10/2024 11:53

@CanalBoots Absolutely, services need to be funded, and I’m not arguing with that. But honestly, this relentless narrative about how those who’ve managed to improve their lives should bear the burden is just ridiculous. With all the recent chatter about who is classed as a “working person,” why don’t those who constantly feel disadvantaged take a moment to reflect? Instead of expecting those with broader shoulders to carry the weight, why not step up and lift more themselves? If they focused on bettering their own lives, they could contribute more to the system rather than relying on others to do the heavy lifting for them.

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