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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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Southernecho · 30/11/2025 18:38

GentleOlive · 30/11/2025 18:04

OBR told her she had a £4b surplus, not a black any hole. That’s on the record.

She lied and defrauded the public for political gain. There is no other way to cut this.

....& the OBR told her she had a 10billion black hole, 2 other economic think tanks told her it was 41billion.
the OBR also told her growth was 1% it was 1.5%, they have just had to re write their growth for the last decade or so, adding to fiscal woes.

A poster on here has made a career out of telling us all that Reeves has created a massive black hole of up to 50billion.....

Had Reeves left the headroom at 4.2 billion, gilts yields would have shot up and you'd be the first on here telling us all that she shouldn't have done that.

They'll now be 2 inquiries into her actions, lets see what they bring forth shall we?

brunettemic · 30/11/2025 18:36

Wingedharpy · 26/11/2025 13:48

Car mileage is recorded every time your car goes in for an MOT so I suspect, though don't know, that the pay per mile will be linked to that.

What about for the first 3 years?

Woollyguru · 30/11/2025 18:36

PollyPlumPeach · 29/11/2025 18:17

His parents were millionaires before he was born. Both came from wealthy colonial families in east Africa. When they moved to the UK they immediately bought a six bedroom house in an expensive area, and sent all three of their kids to the most elite private schools from primary age through to Winchester (£50k per year per child). They did not do that on a humble GP and pharmacist salary. They had family money.

And how did the family money come about? Through hard work. No benefits in East Africa. You work or starve.

phantomofthepopera · 30/11/2025 18:35

Benjithedog · 30/11/2025 17:35

Well that was your CHOICE. That doesn’t mean others have to follow suit.

I accept that, though I’d welcome a policy change that closed the tax loopholes so that people didn’t have a choice. Most people don’t get the option to take half their wages as dividends, pay 20% tax and dodge child maintenance obligations. I don’t believe that directors should either.

Woollyguru · 30/11/2025 18:15

Crikeyalmighty · 27/11/2025 19:02

Here’s my suggestions, How about having some balls, rejoining at least the EEA , that should help by around 4% a year -start taxing every online company that does business here but doesn’t base here for tax purposes a 3% transaction tax , that would be your Amazons, eBay, Facebook, Google etc and many others - they won’t all stop doing business here- uk is one of the most lucrative online markets- in many other country’s you cannot getaway with trading , but not paying corporation tax equivalent-

I personally think the middle band for tax needs upping a fair bit £50k these days is not that high a salary

allow tax funded hours regardless of salary , when we lived in Denmark what you earned was irrelevant and the care was around £330 a month ( and that’s full time) I can easily see why people end up doing stuff like salary sacrifice etc and yep if in that position and paying a lot of tax I would feel resentful -

give insurance and pension companies huge tax breaks to build social housing for rent at social housing levels and also more shared ownership housing and not just flats - family sized houses too . Put in conditions for facilities as part of the contracts -

I would personally get rid of stamp duty and charge a low rate capital gain ( maybe 5%) on sale on the difference between purchase and sale, anyone who has already paid stamp duty can offset that against cost .

What about increases in value due to extensions and improvements?

GentleOlive · 30/11/2025 18:04

Southernecho · 30/11/2025 17:46

Given the OBR has got 15 years of forecasting data completely wrong, i wouldn't be so quick to jump the gun.
They even got this years growth wrong by 50%.

& it was the OBR who said she had a 29bn black hole in the first place......

Fortunately, for her, the bond markets seem to like her tax raising policies, the doubling of fiscal head room had to happen, which appears to be her defence, the £4.2billlion "surplus" just isn't enough.

That alone, will save us billions in interest.

OBR told her she had a £4b surplus, not a black any hole. That’s on the record.

She lied and defrauded the public for political gain. There is no other way to cut this.

Southernecho · 30/11/2025 17:46

GentleOlive · 30/11/2025 17:37

She lied through her teeth to the country, to the markets and to parliament and she’s still in a job. Kemi and the Tories are rarely right about anything given that they set their own records for incompetence over 14 years.

Buy Rachel Reeves has just blown it all out of the water.

Lying about public finances to raise taxes is basically fraud. The chancellor is a fraud. She should be prosecuted.

Given the OBR has got 15 years of forecasting data completely wrong, i wouldn't be so quick to jump the gun.
They even got this years growth wrong by 50%.

& it was the OBR who said she had a 29bn black hole in the first place......

Fortunately, for her, the bond markets seem to like her tax raising policies, the doubling of fiscal head room had to happen, which appears to be her defence, the £4.2billlion "surplus" just isn't enough.

That alone, will save us billions in interest.

GentleOlive · 30/11/2025 17:37

Southernecho · 30/11/2025 17:18

If she has lied, then not only is she a liar, she is stupid, could have said "Look, we fixed the blackhole etc etc"

Now need tax rises to fix x y and z, starting with Dentistry, a vote winner.

Lifting of the cap was wrong, money should be targeted or at least just raised it to 3 children.

She lied through her teeth to the country, to the markets and to parliament and she’s still in a job. Kemi and the Tories are rarely right about anything given that they set their own records for incompetence over 14 years.

Buy Rachel Reeves has just blown it all out of the water.

Lying about public finances to raise taxes is basically fraud. The chancellor is a fraud. She should be prosecuted.

Benjithedog · 30/11/2025 17:35

phantomofthepopera · 30/11/2025 17:01

I was a high rate tax payer myself for years until I retired early through ill health. But as a director I never took a penny of my salary in dividends, I took it all through PAYE. My co-directors thought I was insane (or just plain stupid) but I believe that it’s our duty. I was still left with far more than I’d earned previously, and I was happy to recognise my privilege and contribute towards education, or a sick child’s cancer treatment or a disabled person’s benefits because those things don’t pay for themselves.

So in short, I have no issue with rich people. I have an issue with rich people crying about paying tax.

Well that was your CHOICE. That doesn’t mean others have to follow suit.

Southernecho · 30/11/2025 17:18

GentleOlive · 30/11/2025 17:11

Seems to have awfully quiet in the Labour fanclub now that the self publicized first female chancellor has been caught lying. Again.

A liar and incompetent. What a lethal combo.

If she has lied, then not only is she a liar, she is stupid, could have said "Look, we fixed the blackhole etc etc"

Now need tax rises to fix x y and z, starting with Dentistry, a vote winner.

Lifting of the cap was wrong, money should be targeted or at least just raised it to 3 children.

GentleOlive · 30/11/2025 17:11

Seems to have awfully quiet in the Labour fanclub now that the self publicized first female chancellor has been caught lying. Again.

A liar and incompetent. What a lethal combo.

phantomofthepopera · 30/11/2025 17:01

Benjithedog · 30/11/2025 16:37

Using your analogy then can I assume you have respect for the higher taxpayer for doing something similar?

Edited

I was a high rate tax payer myself for years until I retired early through ill health. But as a director I never took a penny of my salary in dividends, I took it all through PAYE. My co-directors thought I was insane (or just plain stupid) but I believe that it’s our duty. I was still left with far more than I’d earned previously, and I was happy to recognise my privilege and contribute towards education, or a sick child’s cancer treatment or a disabled person’s benefits because those things don’t pay for themselves.

So in short, I have no issue with rich people. I have an issue with rich people crying about paying tax.

Benjithedog · 30/11/2025 16:37

phantomofthepopera · 30/11/2025 11:22

We were told that Sunak should be admired for his wealth. I was just pointing out that a person shouldn’t be worthy of admiration just by virtue of being rich. They could be a psychopath who has been gifted a fortune. Why is that to be admired?

There are much more admirable qualities a person can have - compassion, selflessness, humility, curiousness, generosity, kindness, warmth… I’m very comfortable myself but when they’re putting me in the ground it isn’t my bank balance that I hope I’ll be remembered fondly for.

I’d have more admiration for someone from a humble background who built a fortune. In fact I’d have as much admiration for a struggling nurse/teacher/etc who was penniless. It is very easy to make money when you’re already rich.

Using your analogy then can I assume you have respect for the higher taxpayer for doing something similar?

LivingDeadGirlUK · 30/11/2025 15:05

Slightly concerned I'm coming off as some kind of door nerd, it just winds me up when big numbers are floated to get people frothing with no explanation or context!

LivingDeadGirlUK · 30/11/2025 14:58

And how have you ascertained from that link the cost is excessive? It says bedroom door replacement, how many bedrooms are there?

I had a little google as I was interested, it appears to be an 88 bed mental health hospital. They offer inpatient care and a PICU. Hospital doors are expensive, mental health hospital doors are even more expensive. As well as the before mentioned fire rating and robustness, they need to be anti ligature and open both ways so they can't be barricaded. They also cant be installed while patients are not in the vicinity so phased installation (your link says 4 months) which may envolve relocating patients on a rolling time table, having escorts for contractors, incresing prelim costs. I can see how they csn end up with £8k a door.

Its just rage baiting to post these figures without context.

Vinvertebrate · 30/11/2025 13:33

RashidSanook · 30/11/2025 13:13

I assume also there are many cases where people pull through and beat the cancer?

Absolutely, although much depends on the cancer type. DH’s two specialisms are on the list of “good” cancers to get (no such thing really!) in terms of survival. They also tend to be the more popular areas in which to specialise - some specialisms get pretty depressing, I gather.

RashidSanook · 30/11/2025 13:13

Vinvertebrate · 30/11/2025 13:06

Thank you - it can be, but he mostly loves it. (Massive physics/chemistry nerd, and he gets to do it on real people!) 😊

I assume also there are many cases where people pull through and beat the cancer?

Vinvertebrate · 30/11/2025 13:09

BIossomtoes · 30/11/2025 12:48

it was like financing our public services with a Wonga loan

No it was like financing capital spend with a mortgage. The principle of PFI was sound, the execution was atrocious. Instead of employing skilled professional contract negotiators to ensure value for money each organisation was allowed to do its own negotiation and they were outwitted every which way by the provider organisations. There was no regulation in the process.

This is true. I was peripherally involved in a few PFI contracts, and it was abundantly clear that the contracts were unworkable (and practically unreadable - hundreds of comb-bound appendices that I doubt anyone ever checked). The government lawyers/external counsel seemingly had no bargaining power and were mostly walked over.

Vinvertebrate · 30/11/2025 13:06

RashidSanook · 30/11/2025 13:02

Bless him. Being a cancer doctor must be difficult.

Thank you - it can be, but he mostly loves it. (Massive physics/chemistry nerd, and he gets to do it on real people!) 😊

RashidSanook · 30/11/2025 13:02

Vinvertebrate · 30/11/2025 13:00

Oncology - works in a specialist hospital.

Bless him. Being a cancer doctor must be difficult.

Vinvertebrate · 30/11/2025 13:00

RashidSanook · 30/11/2025 12:44

Out of pure curiosity, what field of medicine does he specialise in?

Oncology - works in a specialist hospital.

BIossomtoes · 30/11/2025 12:48

it was like financing our public services with a Wonga loan

No it was like financing capital spend with a mortgage. The principle of PFI was sound, the execution was atrocious. Instead of employing skilled professional contract negotiators to ensure value for money each organisation was allowed to do its own negotiation and they were outwitted every which way by the provider organisations. There was no regulation in the process.

WatchThisGladys · 30/11/2025 12:47

We all thought PFIs were great 30 years ago when they were building all these state-of-the-art hospitals, schools and public buildings on tick, but it was like financing our public services with a Wonga loan and now we’re stuck with them.

I never thought that PFIs were great and neither did the government of the time, but apparently they were the least worst of a few terrible options.

RashidSanook · 30/11/2025 12:44

Vinvertebrate · 30/11/2025 12:37

100%. DH is a consultant doing NHS and private work. About 7 years ago, every consultant got two brand new ipads in the course of a year because the NHS hospital was in surplus and didn’t want to lose the budget. Meanwhile, the “main” hospital up the road is permanently in special measures with grannies on trollers 24/7. 🤷‍♀️ Piss-ups and breweries spring to mind!

We also worked out that DH would need a pension pot of >£2.5 million to obtain the same annuity as he will receive from the NHS pension scheme. Very nice for us, you may think, but if we multiply that by every senior medic in the land (not to mention NHS management and GP’s - who aren’t exactly winning patient satisfaction awards rn) and you get a flavour of why the UK is so very turbofucked, and why Reeves is taxing the bejesus out of anyone who bothers to drag themselves out of bed in the morning.

Out of pure curiosity, what field of medicine does he specialise in?

RashidSanook · 30/11/2025 12:41

LivingDeadGirlUK · 30/11/2025 12:14

What did they pay for the doors? Doors are a bloody nightmare on healthcare projects, they are expensive, often have automotive aspects that need to be built in, fire rated and properly certified which often means all ironmongery needs to be fitted by the manufacture and the ironmongery used has to have been tested with the door to confirm compliance. I can't think of a single health care project I've worked on where the doors haven't been on the critical path because of the long lead times.

https://beta5.contractfinderpro.com/doc/GNqYj/gloucestershire-nhs-trust/bedroom-door-replacement-wotton-lawn

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