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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:
Thread gallery
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Crikeyalmighty · 28/11/2025 00:49

Benjithedog · 27/11/2025 23:04

Well they did and it won’t be a suprise when they are not voted in at the next election

Answer the question - what income tax rises were there? You can’t, because there were not any . Stop trolling hysteria - it’s very clear there is big money out there by the right wing creating the aggrieved agenda rather than actually reporting news and lots of people are gullible enough to be pulled into it too . People like to moan and to be honest I have very little sympathy with lots of them who voted for Brexit and have basically stuffed the country for around 4-6% of GDP , plus given a lot of our more interesting business to the EU on a plate-
I don’t agree with everything Labour do , I want us back in EU/EEA for business/trade reasons-I don’t agree with the 2 child cap being lifted , declaring my hand I vote Lib Dem but I analyse media a lot as part of my job and I know when posts are being created or posted on to create political agitation - you have posted about tax rises but there were none about things you have no choice in ie income tax- the only thing to me that is borderline is mansion tax and re evaluating houses and I’m not exactly in a tizz about that - we rent an F banded house, but nowhere near 2 million and as an end terrace admittedly in a nice area I’m pretty sure it won’t be band G - if it was then it’s cheaper to pay than move if I’m honest. Maybe people will vote differently but as the country has been stuffed by the right wing already in the last 14 years be careful what you wish for - I suspect once he can’t write policies on the back of a fag packet and they need to be funded and balanced he will be shown up for the utter bullshitting spiv he is and nothing will change at all - if the working class think he’s interested in them they are in for a shock , he’s interested in himself

springtimemagic · 28/11/2025 00:13

CurlewKate · 27/11/2025 20:18

And the children?

These parents are unlikely to spend the money on their children. Will go on drink, cigarettes, drugs, aesthetics.. The children will be no better off

Benjithedog · 27/11/2025 23:04

Crikeyalmighty · 27/11/2025 23:02

What actual ‘income tax ‘ rises would these be then -? As far as I can see there aren’t any . Personally I think they should bang up tax by 2p on basic rate , but raise bandings-

Other rises in budget are on peripherals, I don’t think Labour ruled out any rises on anything at all!!
comcast own Sky and donated to Trumps ballroom, - I did notice they appeared to have it in for Labour from a few years ago and seemed to be awfully pally with the Tory’s and far less bi partisan - apparently Comcast are very influenced by money factors/sponserszetc - sadly far more money to be made on the right . I’m in the middle -

Well they did and it won’t be a suprise when they are not voted in at the next election

Crikeyalmighty · 27/11/2025 23:02

Benjithedog · 27/11/2025 22:38

Nusgets shouldn’t necessarily mean higher Taxation especially if the party who devised it gave reassurances that there would be no tax increases as part of theor manifesto. Don’t know if you’ve seen the Sky interview with Keir today but she wiped the floor with him in terms of Labour’s broken promises

What actual ‘income tax ‘ rises would these be then -? As far as I can see there aren’t any . Personally I think they should bang up tax by 2p on basic rate , but raise bandings-

Other rises in budget are on peripherals, I don’t think Labour ruled out any rises on anything at all!!
comcast own Sky and donated to Trumps ballroom, - I did notice they appeared to have it in for Labour from a few years ago and seemed to be awfully pally with the Tory’s and far less bi partisan - apparently Comcast are very influenced by money factors/sponserszetc - sadly far more money to be made on the right . I’m in the middle -

Benjithedog · 27/11/2025 22:47

Benjithedog · 27/11/2025 22:38

Nusgets shouldn’t necessarily mean higher Taxation especially if the party who devised it gave reassurances that there would be no tax increases as part of theor manifesto. Don’t know if you’ve seen the Sky interview with Keir today but she wiped the floor with him in terms of Labour’s broken promises

So should have said Budgets
not nuggets! 😆

EasternStandard · 27/11/2025 22:44

DurinsBane · 27/11/2025 22:35

That is what the budget was supposed to do, for high earners like yourselves ( I’m counting combined not separate) paying only 1000 extra a year is not bad really! If you were on 25k household income then yes I would say 1000 extra a year in taxes is terrible

Why was it supposed to do that? It was meant to have no tax hikes after the last one.

Benjithedog · 27/11/2025 22:38

DurinsBane · 27/11/2025 22:35

That is what the budget was supposed to do, for high earners like yourselves ( I’m counting combined not separate) paying only 1000 extra a year is not bad really! If you were on 25k household income then yes I would say 1000 extra a year in taxes is terrible

Nusgets shouldn’t necessarily mean higher Taxation especially if the party who devised it gave reassurances that there would be no tax increases as part of theor manifesto. Don’t know if you’ve seen the Sky interview with Keir today but she wiped the floor with him in terms of Labour’s broken promises

DurinsBane · 27/11/2025 22:35

That is what the budget was supposed to do, for high earners like yourselves ( I’m counting combined not separate) paying only 1000 extra a year is not bad really! If you were on 25k household income then yes I would say 1000 extra a year in taxes is terrible

Widow90210 · 27/11/2025 22:25

RashidSanook · 27/11/2025 22:09

I agree with you @Benjithedog so many people here are gleeful the high earners are being squeezed

Edited

Not gleefull at all, wish we had a stronger economy and didn't need to, but if we have raise funds it's right IMO that those that have capacity for it, contribute more, I absolutely include myself in that. I'm worse off but still agree it's the right thing.

Interested... what's your opinion on the solution?

EasternStandard · 27/11/2025 22:25

RashidSanook · 27/11/2025 22:09

I agree with you @Benjithedog so many people here are gleeful the high earners are being squeezed

Edited

Always, but the demand for more is limitless.

Benjithedog · 27/11/2025 22:11

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

What an intelligent and considered thing to call someone. I haven’t called you names have I? Says everything about you really. And It’s very difficult to misquote someone who actually said it.

RashidSanook · 27/11/2025 22:09

Benjithedog · 27/11/2025 20:48

It’s actually nine of those things. You said it and and there’s no misquoting. It’s actually YOU who doesn’t like to have their opinion questioned hence the paragraphs of posts so yes I stand by what I said about your judgemental post.

Edited

I agree with you @Benjithedog so many people here are gleeful the high earners are being squeezed

RashidSanook · 27/11/2025 22:03

CurlewKate · 27/11/2025 20:18

And the children?

They still got benefits for the 3rd child. Just a bit less. Which is completely fair imo

Widow90210 · 27/11/2025 21:59

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

Benjithedog · 27/11/2025 20:48

Widow90210 · 27/11/2025 19:13

Yours was rude, misquoted and without any contra argument. If you dont like opinions other than yours, arnt willing to explain your position or read a post properly: Maybe think twice before you open mumsnet.

It’s actually nine of those things. You said it and and there’s no misquoting. It’s actually YOU who doesn’t like to have their opinion questioned hence the paragraphs of posts so yes I stand by what I said about your judgemental post.

wossupthen · 27/11/2025 20:38

CurlewKate · 27/11/2025 20:18

And the children?

Totally! I agree that people who have had children in a loving (obviously not 6 figured salaries as that is only for arrogant mumsnetters, but comfortable) family situation, and then who suffer a spousal death, husband/wife disappearing or a horrific incident where they are medically fucked, with little financial support, should absolutely reap the consequences of what are CLEARLY their own choices.
Starve and humiliate them as quickly as possible

Midnights68 · 27/11/2025 20:30

Regardless of your views on the two child benefit cap and private school and whether the OP and her husband are middle earners or not - climate change and the ageing population are probably the two biggest existential threats we face as a society. And this budget taxes people who have tried to use their money to do the ‘right’ thing in response to both those threats (ie driving EVs and saving for their own old age in the knowledge that the state pension is likely unsustainable).

I have a lot of sympathy with OP feeling fed up about that.

HPFA · 27/11/2025 20:26

RashidSanook · 27/11/2025 19:37

People need to experience the consequences of their own actions

Explain how the kids growing up in poverty are "experiencing the consequences of their own actions"

And you're actually saying you'd prefer to pay more tax punishing children for what their parents did rather than helping them?

CurlewKate · 27/11/2025 20:18

RashidSanook · 27/11/2025 19:37

People need to experience the consequences of their own actions

And the children?

RashidSanook · 27/11/2025 19:37

HPFA · 27/11/2025 19:16

You can ask but it doesn't stop children existing.

And keeping them in poverty is expensive in the long run.

People need to experience the consequences of their own actions

HPFA · 27/11/2025 19:16

Pennyfan · 27/11/2025 17:19

How about asking people to limit the size of their families if they need state subsidies to raise their children? I hear lots from campaigners saying we need ‘to lift children out of poverty’. Not once did I hear any of them discuss the fact that family planning should be a thing and that if you don’t have much, that maybe having more than one or two children isn’t a good idea. I grew up in poverty and was homeless as a teenager. I saw lots of fecklessness. It made me really dislike the idea that poor people are victims and have no agency in their lives.

You can ask but it doesn't stop children existing.

And keeping them in poverty is expensive in the long run.

Widow90210 · 27/11/2025 19:13

Benjithedog · 27/11/2025 19:04

Your opinion was rude, thoughtless and judgemental. Maybe think twice before you post again

Edited

Yours was rude, misquoted and without any contra argument. If you dont like opinions other than yours, arnt willing to explain your position or read a post properly: Maybe think twice before you open mumsnet.

Benjithedog · 27/11/2025 19:04

Widow90210 · 27/11/2025 19:03

It's not the same to me, squeezed is applying pressure to squeeze out more. Rinsing is implied you are trying to take everything which isn't the current position. I'm absolutely entitled to say to anyone that I think they should be squeezed if that's my opinion. Much the same as you can disagree with my opinion. Its the same right, and this is a discussion forum, I could just as easily say to you who are you to tell me I can't say it. I don't actually set fiscal policy, I just agree on this occasion with the one that did. You don't... tough luck...another day I won't get my way... its that democracy again!
I don't give my opinions randomly in day to day life unless relevant or asked for. If none of us are allowed an opinion on what we think is right and wrong how on earth are we supposed to choose who to vote for?
Also note no alternative view given by you...or do you think the fairies can wave a magic wand and sort all our issues without Anyone else being impacted? Now that is ridiculous

Your opinion was rude, thoughtless and judgemental. Maybe think twice before you post again

CurlewKate · 27/11/2025 19:04

“The gift of benefits”. Stop the world-I want to get off.

Widow90210 · 27/11/2025 19:03

Benjithedog · 27/11/2025 18:17

You said “Of course you're being squeezed, and you bloody well should be” squeezed, rinsed it’s all the same and again who are you to tell ANYONE they should be squeezed

It's not the same to me, squeezed is applying pressure to squeeze out more. Rinsing is implied you are trying to take everything which isn't the current position. I'm absolutely entitled to say to anyone that I think they should be squeezed if that's my opinion. Much the same as you can disagree with my opinion. Its the same right, and this is a discussion forum, I could just as easily say to you who are you to tell me I can't say it. I don't actually set fiscal policy, I just agree on this occasion with the one that did. You don't... tough luck...another day I won't get my way... its that democracy again!
I don't give my opinions randomly in day to day life unless relevant or asked for. If none of us are allowed an opinion on what we think is right and wrong how on earth are we supposed to choose who to vote for?
Also note no alternative view given by you...or do you think the fairies can wave a magic wand and sort all our issues without Anyone else being impacted? Now that is ridiculous

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