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Absolutely rinsed in this budget - almost £1k a year worse off.

740 replies

Mushroo · 26/11/2025 13:43

Honestly in despair at this government. On a very high level calc, we are so much worse off!

We both pay a lot into pensions, so the NI change is about £700 a year worse off.

We have an EV car, so based on our 4k a year mileage, it’s about £120 a year. (Although how it will be enforced I have no idea).

Stagnating tax thresholds, probably about £100 a year between us.

Council tax F house (4 bed end terrace, not a mansion, needs renovating). So risk of revaluation after having paid a fortune in stamp duty. We didn’t get first time buyer stamp duty relief because we bought about 2 years too early, and we moved before Covid so no relief there either. So overall we’ve paid about £30k in stamp duty already over our lifetime.

Weve already had the private school hit (which is a separate debate and we’ve accepted that) but wow, we are just being kicked on all sides.

We are classic ‘middle earners’ - earn about £70k each, but have mahoosive mortgage and pay over £2k a month in nursery fees already.

Every measure just seems to have a negative effect on our lifestyle, which is ‘comfortable’ but increasingly squeezed.

OP posts:
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MilleniumOyster · 02/12/2025 14:18

So the OBR inadvertently leaked this budget. Just like it inadvertently leaked the March budget, only someone noticed that one in time.

Hmmm 🤔

BIossomtoes · 02/12/2025 14:10

GentleOlive · 02/12/2025 13:57

None of those facts.

The fact is that she lied.

she didn’t use the latest forecast and lied about the blackhole.

And welfare bill has never been higher, the number of people on benefits has never been higher. The number of net takers from the system has never been higher. And the amount of tax paid by the lowest share of net contributors has never been higher.

All equals more people doing less and taking from those who are productive. Orchestrated by a liar who tells lies about economic forecasts.

The fact is that she lied. she didn’t use the latest forecast and lied about the blackhole.

It’s rather more nuanced than that as this article shows. Make sure to read to the end.

https://www.thetimes.com/article/1787b523-a591-411d-a183-e2b5d64f2f5c?shareToken=4734a40b0888d514911f51a1f723e861

OBR chief could not rely on chancellor’s support after blunder

Richard Hughes’s days were numbered after his Office for Budget Responsibility released the budget before Rachel Reeves made her speech in the Commons

https://www.thetimes.com/article/1787b523-a591-411d-a183-e2b5d64f2f5c?shareToken=4734a40b0888d514911f51a1f723e861

GentleOlive · 02/12/2025 13:57

Southernecho · 02/12/2025 08:13

Despite your snarky remarks, i ll try again....

Welfare spend is across a huge range, you want pensions frozen? UC frozen? CB frozen triple lock gone? etc etc.

I hope you were in full support of Labours original WFA plans???

The pool of people in work is at record highs, the amount of tax taken is also at record highs.

These are the facts.

On forecasts, my point is that say she uses the 4bn one, then next month OBR turn around and say "oops, got that wrong, its 6bn blackhole...."

You d be the first to say "Why didn't she have more fiscal headroom?, she should resign!"

£4bn, in a 2 trillion economy and the uncertainty in todays world, is nothing at all.

None of those facts.

The fact is that she lied.

she didn’t use the latest forecast and lied about the blackhole.

And welfare bill has never been higher, the number of people on benefits has never been higher. The number of net takers from the system has never been higher. And the amount of tax paid by the lowest share of net contributors has never been higher.

All equals more people doing less and taking from those who are productive. Orchestrated by a liar who tells lies about economic forecasts.

randomchap · 02/12/2025 10:31

NoKidsSendDogs · 02/12/2025 09:37

In most western countries, yes, it does. It doesn't in the UK bc the wages are shockingly low and people just accept a bad standard of living. Low wages, high taxes, high CoL.

Well that's just bollocks isn't it? It's not the case in Australia, America, Canada or most of Europe.

Maybe Switzerland, their median income is about £90k for a couple so £140k might be classed as middle earning at a push

Which countries were you thinking of?

NoKidsSendDogs · 02/12/2025 09:37

User79853257976 · 01/12/2025 20:47

A combined income of 140k does not make you ‘middle’.

In most western countries, yes, it does. It doesn't in the UK bc the wages are shockingly low and people just accept a bad standard of living. Low wages, high taxes, high CoL.

HPFA · 02/12/2025 08:47

In case anyone still believes all the Telegraph rubbish about people being better off on benefits here's an explanation;

https://benefitsinthefuture.com/lies-damned-lies-and-the-telegraph/

They've basically compared a working family without kids and where no-one is disabled to one where a parent is severely disabled and has three kids.

If the working family also had three kids and a disabled parent they would be quite a lot better off - ie if you actually compared like with like.

Lies, Damned Lies and the Telegraph – Benefits in the Future

https://benefitsinthefuture.com/lies-damned-lies-and-the-telegraph/

Southernecho · 02/12/2025 08:13

GentleOlive · 01/12/2025 19:50

UK welfare spending is due to increase by £73b per year in the next 5 years.

She could have could cut welfare by £73b, or less, instead of raising taxes. So no, it’s not just a £3b increase.

And no, she did not need to raise taxes.

Despite your snarky remarks, i ll try again....

Welfare spend is across a huge range, you want pensions frozen? UC frozen? CB frozen triple lock gone? etc etc.

I hope you were in full support of Labours original WFA plans???

The pool of people in work is at record highs, the amount of tax taken is also at record highs.

These are the facts.

On forecasts, my point is that say she uses the 4bn one, then next month OBR turn around and say "oops, got that wrong, its 6bn blackhole...."

You d be the first to say "Why didn't she have more fiscal headroom?, she should resign!"

£4bn, in a 2 trillion economy and the uncertainty in todays world, is nothing at all.

Benjithedog · 02/12/2025 07:17

LivingDeadGirlUK · 01/12/2025 21:56

Are we getting overwhelmed by big numbers again on this thread? You can knock a bit over a million off that 5 mill to take into account people who are stay at home parents. Then there are 10 million disabled people of working age in the UK, its not difficult to understand a percentage of those won't be able to work. Then there are a million mature students in the UK not all of them will be working. I'm sure there are also some lazy feckless people like you are implying but 5 million isn't bad really considering all the reasons people may not be working.

It’s the stay at home parents or part time parents who claim benefits that need to go back to work

LivingDeadGirlUK · 02/12/2025 07:10

BIossomtoes · 01/12/2025 22:02

Stay at home parents and students won’t be claiming benefits.

Depending on the circumstances they can claim UC.

BIossomtoes · 01/12/2025 22:02

LivingDeadGirlUK · 01/12/2025 21:56

Are we getting overwhelmed by big numbers again on this thread? You can knock a bit over a million off that 5 mill to take into account people who are stay at home parents. Then there are 10 million disabled people of working age in the UK, its not difficult to understand a percentage of those won't be able to work. Then there are a million mature students in the UK not all of them will be working. I'm sure there are also some lazy feckless people like you are implying but 5 million isn't bad really considering all the reasons people may not be working.

Stay at home parents and students won’t be claiming benefits.

LivingDeadGirlUK · 01/12/2025 21:56

Benjithedog · 01/12/2025 21:03

5 -10 million both numbers are far too high

Are we getting overwhelmed by big numbers again on this thread? You can knock a bit over a million off that 5 mill to take into account people who are stay at home parents. Then there are 10 million disabled people of working age in the UK, its not difficult to understand a percentage of those won't be able to work. Then there are a million mature students in the UK not all of them will be working. I'm sure there are also some lazy feckless people like you are implying but 5 million isn't bad really considering all the reasons people may not be working.

Benjithedog · 01/12/2025 21:03

5 -10 million both numbers are far too high

BIossomtoes · 01/12/2025 20:47

Benjithedog · 01/12/2025 20:34

That is incredibly sobering.

It would be if it was true. It’s actually five million of working age.

User79853257976 · 01/12/2025 20:47

A combined income of 140k does not make you ‘middle’.

Benjithedog · 01/12/2025 20:34

GentleOlive · 01/12/2025 19:55

Looks like you’ve swallowed the government line, hook, line and sinker.

There is no reason to spend £400b a year on welfare. There is no reason to tax an ever decreasing number of productive people to pay an ever increasing number of working age unproductive people.

10 million people of working age on benefits and not working is a joke. Except it’s not funny.

These are the facts.

That is incredibly sobering.

GentleOlive · 01/12/2025 19:55

Allisnotlost1 · 01/12/2025 08:46

I think you’re focusing on the politics and not the facts. Public services are in the toilet and need investment. You seem fixated on the 2 child cap/welfare in general, when there are so many other things that need fixing.

’the public’ is not one homogenous mass,, and to say the nation js at odds with all MPs is meaningless, its so broad brush. Added to that, governments sometimes have to make unpopular decisions and do so with far more information than is in the public domain. And sometimes they make popular choice which, with hindsight, were disastrous. I don’t want a populist government I want one that is technocratic and competent. I’m not saying this government are perfect - they’re not very good at what should be manageable optics imo - but I’d rather they make tough decisions than keep presenting everything is fine, like their predecessors.

Looks like you’ve swallowed the government line, hook, line and sinker.

There is no reason to spend £400b a year on welfare. There is no reason to tax an ever decreasing number of productive people to pay an ever increasing number of working age unproductive people.

10 million people of working age on benefits and not working is a joke. Except it’s not funny.

These are the facts.

GentleOlive · 01/12/2025 19:50

Southernecho · 01/12/2025 06:56

Tax rises were 100% needed.

The lifting of the 2 cap limit (btw i don't agree with that) is a 3bn increase in spending.

Reeves needs a fiscal buffer of a great deal more than 4bn, that was her trouble last year, hence borrowing costs shot up.

UK welfare spending is due to increase by £73b per year in the next 5 years.

She could have could cut welfare by £73b, or less, instead of raising taxes. So no, it’s not just a £3b increase.

And no, she did not need to raise taxes.

GentleOlive · 01/12/2025 19:46

Southernecho · 01/12/2025 06:50

No it isn't, is 100% true - the OBR have told her lots of things, over the last 16months, as have the IFS etc etc.

All can be true.

The 22bn black hole was a OBR forecast too!

In your hurry to get her kicked out, this is what you re missing.

Having looked at it all, whoever was in power would have had to have a far bigger fiscal headroom than 4bn, especially given the OBR and their totally inaccurate forecasting.

On the lying, i listened to her speech in the commons, did she say the BH was 22bn?

Do you understand how chronology and sequencing works?

Like B comes after A and 2 comes after 1.

OBR has issues hundred of forecasts in the last 15 years. The chancellor has to use the latest one. They can’t just pick and choose a forecast from previous weeks, months, years and say ‘oh well, you have me this forecast even though it’s not latest one’.

The latest forecast said that she had a £4b surplus so you are factually incorrect.

Southernecho · 01/12/2025 13:44

Benjithedog · 01/12/2025 11:13

There’s a lot of talk from Labour that these increased taxes are required to safeguard services. What I would actually like them to tell me what percentage of these taxes will go to these services and what is the percentage going toward the welfare state?

Lifting the 2 cap limit is costing 3bn, 26bn raised in taxes.

But isn't the idea to create significant fiscal headroom? she announced no significant new spend on ed or health, some extra for roads - much needed, partner trashed a tyre yesterday in a pot hole.

OBR apparently saying that there is a 41% chance the amount she has given herself wont be enough.

Who is running the economy? the Govt or the OBR ?

Benjithedog · 01/12/2025 11:13

Allisnotlost1 · 01/12/2025 08:46

I think you’re focusing on the politics and not the facts. Public services are in the toilet and need investment. You seem fixated on the 2 child cap/welfare in general, when there are so many other things that need fixing.

’the public’ is not one homogenous mass,, and to say the nation js at odds with all MPs is meaningless, its so broad brush. Added to that, governments sometimes have to make unpopular decisions and do so with far more information than is in the public domain. And sometimes they make popular choice which, with hindsight, were disastrous. I don’t want a populist government I want one that is technocratic and competent. I’m not saying this government are perfect - they’re not very good at what should be manageable optics imo - but I’d rather they make tough decisions than keep presenting everything is fine, like their predecessors.

There’s a lot of talk from Labour that these increased taxes are required to safeguard services. What I would actually like them to tell me what percentage of these taxes will go to these services and what is the percentage going toward the welfare state?

Thehandinthecookiejar · 01/12/2025 10:26

“middle earner” 😂

EasternStandard · 01/12/2025 09:42

Allisnotlost1 · 01/12/2025 08:46

I think you’re focusing on the politics and not the facts. Public services are in the toilet and need investment. You seem fixated on the 2 child cap/welfare in general, when there are so many other things that need fixing.

’the public’ is not one homogenous mass,, and to say the nation js at odds with all MPs is meaningless, its so broad brush. Added to that, governments sometimes have to make unpopular decisions and do so with far more information than is in the public domain. And sometimes they make popular choice which, with hindsight, were disastrous. I don’t want a populist government I want one that is technocratic and competent. I’m not saying this government are perfect - they’re not very good at what should be manageable optics imo - but I’d rather they make tough decisions than keep presenting everything is fine, like their predecessors.

Of course some will want ever higher taxes and welfare but the manifesto and GE line was clearly “fully funded, fully costed” and for the last budget ‘one tax hike then done’ so yes the public sentiment will respond to that.

It’ll be interesting to see how the local elections go post budget.

phantomofthepopera · 01/12/2025 08:53

@Allisnotlost1 👏🏼👏🏼👏🏼 I agree wholeheartedly.

Allisnotlost1 · 01/12/2025 08:46

GentleOlive · 01/12/2025 06:21

She lied so she could go appease Labour MPs who are at odds with the general public. The public is in favour of two child benefit cap, the public is also in favour of cutting the scandalous benefits bill. Labour MPs, most of whom are just glorified activists and not the most fiscally aware people ever having run anything in real life, are for unlimited spending.

Labour MPs are looking to kick out Starmer and Reeves, which is well publicised. She did it to save her job. What she did is corruption.

I think you’re focusing on the politics and not the facts. Public services are in the toilet and need investment. You seem fixated on the 2 child cap/welfare in general, when there are so many other things that need fixing.

’the public’ is not one homogenous mass,, and to say the nation js at odds with all MPs is meaningless, its so broad brush. Added to that, governments sometimes have to make unpopular decisions and do so with far more information than is in the public domain. And sometimes they make popular choice which, with hindsight, were disastrous. I don’t want a populist government I want one that is technocratic and competent. I’m not saying this government are perfect - they’re not very good at what should be manageable optics imo - but I’d rather they make tough decisions than keep presenting everything is fine, like their predecessors.

Southernecho · 01/12/2025 07:46

ForCraftyWriter · 01/12/2025 07:38

I presume that’s why they have a lower rate, they’ll apply the lower rate to the whole mileage I imagine.

It pretty much unworkable at the moment, what happens if you use the car abroad?

The only way it could be done is a app on a phone & then self reporting, a bit like the driving apps car ins companies offer.

With fines for mis reporting..... in other words, a mess & highly unpopular, i hear the screeching of tyres before 2029