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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
5
Crikeyalmighty · 27/11/2025 19:02

hamstersarse · 27/11/2025 16:29

How much more should they pay? At what point do you say they can keep their own money? Is there a limit or number you have in mind?

What is the responsibilty of the people receiving the gift of benefits? Is there any responsibilty placed on them as to what they do with the gift of money?

Why do you think the country is struggling? How would you make the country more prosperous?

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 .

Benjithedog · 27/11/2025 18:17

Widow90210 · 27/11/2025 18:07

Where did I say they should be rinsed? I said they should be squeezed, so that they have to make some decisions about where their money goes, IN THE SAME WAY thousands of others not as fortunate as them have had to do for several years. You have interpreted that as rinsed which is an entirely different thing. That's the second time you've told me I've said something I havent. By all means you can disagree with me but when youve told me twice ive said something I havent its a bit pointless. Can the majority of middle earners make different choices to be able to support the changes, I believe they can and Ops information given indicates that too. I have no interest in telling them where they can spend their money but there needs to be a reasonable approach.
This country, last time I checked, was a democracy so yes I am absolutely entitled to whatever opinion I like. Fun isn't it! It's the same entitlement that allows you to come on here and tell me my attitude is unbelievable... ironic too!
I'm in a very similar position to them, as stated before but you don't think it's my right to agree that the middle earners, of which I belong, should be squeezed more to balance our current economic issues.
There remains a set of people who have been able to do well in the economy for the last 10/15 years... I believe, and I'm entitled to, that they hold some accountability to support the economy in slower years.

No one said anyone should be rinsed!

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

Widow90210 · 27/11/2025 18:07

Benjithedog · 27/11/2025 16:12

It is still not your right to say they should get rinsed. You may not like where their money goes to but you don’t get to say they deserve it. Unbelievable attitude

Edited

Where did I say they should be rinsed? I said they should be squeezed, so that they have to make some decisions about where their money goes, IN THE SAME WAY thousands of others not as fortunate as them have had to do for several years. You have interpreted that as rinsed which is an entirely different thing. That's the second time you've told me I've said something I havent. By all means you can disagree with me but when youve told me twice ive said something I havent its a bit pointless. Can the majority of middle earners make different choices to be able to support the changes, I believe they can and Ops information given indicates that too. I have no interest in telling them where they can spend their money but there needs to be a reasonable approach.
This country, last time I checked, was a democracy so yes I am absolutely entitled to whatever opinion I like. Fun isn't it! It's the same entitlement that allows you to come on here and tell me my attitude is unbelievable... ironic too!
I'm in a very similar position to them, as stated before but you don't think it's my right to agree that the middle earners, of which I belong, should be squeezed more to balance our current economic issues.
There remains a set of people who have been able to do well in the economy for the last 10/15 years... I believe, and I'm entitled to, that they hold some accountability to support the economy in slower years.

No one said anyone should be rinsed!

Cosyblankets · 27/11/2025 17:35

Mildura · 27/11/2025 14:22

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

I think it sounds very much like they've moved a couple of times.

Yes you could be right there.
But I still think they're living not beyond their means but almost to their limit which is why I asked the question about the outgoings before the budget

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.

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.

Bambamhoohoo · 27/11/2025 17:01

Boomer55 · 27/11/2025 16:42

Apparantly, servicing, Automatic Road caneras and MOTs. 🤷‍♀️

Indications are it’ll be self reported. But they do have 2 years to work it out.

NoKidsSendDogs · 27/11/2025 16:58

Spirallingdownwards · 26/11/2025 14:13

You can still put £12k into a cash ISA. If you have more than that spare a year then you do realise that is a high amount to be able to save a year from net income?

It's really not.

Boomer55 · 27/11/2025 16:42

GasPanic · 26/11/2025 13:53

I have a plug in hybrid.

How are they going to tell how many miles are done on electric and how many are done on petrol ?

I can see how they calculate this for full EV by reading the mileage at the MOT but for plug in hybrids it makes no sense.

Apparantly, servicing, Automatic Road caneras and MOTs. 🤷‍♀️

RashidSanook · 27/11/2025 16:41

hamstersarse · 27/11/2025 16:29

How much more should they pay? At what point do you say they can keep their own money? Is there a limit or number you have in mind?

What is the responsibilty of the people receiving the gift of benefits? Is there any responsibilty placed on them as to what they do with the gift of money?

Why do you think the country is struggling? How would you make the country more prosperous?

Taxes are high enough as it is. How is "a bit more" going to magically fix everything.

SeaShellsSanctuary1 · 27/11/2025 16:39

You lost me at private school

EasternStandard · 27/11/2025 16:37

TealScroller · 27/11/2025 16:20

I think if you and your partner earn £70k a year each then I'm afraid it's not unreasonable to expect you to pay more. I think it's more important to ensure that children are brought out of poverty and people can feed their families to be honest. It might suck for you and I'm sure you work really hard, but you're clearly able to afford to send your kids to private school (as is your right) so maybe just suck it up for the sake of others. This country is struggling and there are people out there on the bread line, consider yourself lucky to have what you have.

Demands more tax, not surprising but not sustainable.

NoKidsSendDogs · 27/11/2025 16:35

RashidSanook · 27/11/2025 16:34

Always easy when it someone else's money isn't it.

Yep

RashidSanook · 27/11/2025 16:34

TealScroller · 27/11/2025 16:20

I think if you and your partner earn £70k a year each then I'm afraid it's not unreasonable to expect you to pay more. I think it's more important to ensure that children are brought out of poverty and people can feed their families to be honest. It might suck for you and I'm sure you work really hard, but you're clearly able to afford to send your kids to private school (as is your right) so maybe just suck it up for the sake of others. This country is struggling and there are people out there on the bread line, consider yourself lucky to have what you have.

Always easy when it someone else's money isn't it.

hamstersarse · 27/11/2025 16:29

TealScroller · 27/11/2025 16:20

I think if you and your partner earn £70k a year each then I'm afraid it's not unreasonable to expect you to pay more. I think it's more important to ensure that children are brought out of poverty and people can feed their families to be honest. It might suck for you and I'm sure you work really hard, but you're clearly able to afford to send your kids to private school (as is your right) so maybe just suck it up for the sake of others. This country is struggling and there are people out there on the bread line, consider yourself lucky to have what you have.

How much more should they pay? At what point do you say they can keep their own money? Is there a limit or number you have in mind?

What is the responsibilty of the people receiving the gift of benefits? Is there any responsibilty placed on them as to what they do with the gift of money?

Why do you think the country is struggling? How would you make the country more prosperous?

TealScroller · 27/11/2025 16:20

I think if you and your partner earn £70k a year each then I'm afraid it's not unreasonable to expect you to pay more. I think it's more important to ensure that children are brought out of poverty and people can feed their families to be honest. It might suck for you and I'm sure you work really hard, but you're clearly able to afford to send your kids to private school (as is your right) so maybe just suck it up for the sake of others. This country is struggling and there are people out there on the bread line, consider yourself lucky to have what you have.

Benjithedog · 27/11/2025 16:19

FuckRealityBringMeABook · 27/11/2025 16:16

Pretty sure it's the chancellor of the exchequer's right though

Unfortunately that’s true but this government will be a one term only and out. Who comes next is anyone’s guess

FuckRealityBringMeABook · 27/11/2025 16:16

Benjithedog · 27/11/2025 16:12

It is still not your right to say they should get rinsed. You may not like where their money goes to but you don’t get to say they deserve it. Unbelievable attitude

Edited

Pretty sure it's the chancellor of the exchequer's right though

Benjithedog · 27/11/2025 16:12

Widow90210 · 27/11/2025 15:50

Well they state their financial position in the original post and it's a discussion forum so I think my post is valid. You also accused me of not caring as long as someone else is paying which was directly the opposite of what I said in both posts. I'm paying more now...and that's fine.
Yoy might consider my opinion ignorant, and your entitled to your opinion as I am to mine. I think its ignorant to live a lifestyle you have chosen and then be miffed when that's squeezed because there's no funds and the people in poverty who had really been feeling the weight of the COL crisis have carried far worse for a fair few years now. I have empathy enough, I'm not a nasty person IMO but there is GIVE in the vast vast majority of middle earners and we need it to even out.

It is still not your right to say they should get rinsed. You may not like where their money goes to but you don’t get to say they deserve it. Unbelievable attitude

RememberBeKindWithKaren · 27/11/2025 15:55

There's a lot to be said for getting out of the rat race, living somewhere that house prices are more affordable and being able to spend time with your kids before they're grumpy teenagers who hate their parents.

Widow90210 · 27/11/2025 15:50

Benjithedog · 27/11/2025 13:43

You are in no position to tell ANYONE they. deserve to be squeezed. You don’t know people’s financial situation and your comment is incredibly ignorant

Well they state their financial position in the original post and it's a discussion forum so I think my post is valid. You also accused me of not caring as long as someone else is paying which was directly the opposite of what I said in both posts. I'm paying more now...and that's fine.
Yoy might consider my opinion ignorant, and your entitled to your opinion as I am to mine. I think its ignorant to live a lifestyle you have chosen and then be miffed when that's squeezed because there's no funds and the people in poverty who had really been feeling the weight of the COL crisis have carried far worse for a fair few years now. I have empathy enough, I'm not a nasty person IMO but there is GIVE in the vast vast majority of middle earners and we need it to even out.

RashidSanook · 27/11/2025 15:31

Agrumpyknitter · 27/11/2025 14:10

Well I was worse off under Liz Truss and the Tory government by £3400 a year. Do we not remember when she crashed the economy and our mortgages went up? So not so bad this time around under Labour.

I would actually prefer that Labour made companies their fair share of Corporation tax. Look at Caffè Nero they pay little to no corporation tax in the UK like Amazon, Apple, Google, Facebook, eBay, Microsoft. We should boycott these companies until they pay their share in the U.K. These companies have their power, the money to lobby governments because we give it to them. Time for collective action against them or no UK market.

Edited

We all knew Liz Truss was silly. That's why we had Rishi Sunak. I think had he stayed in and won in 2024 we'd be in a better position now.

Stardustnush · 27/11/2025 14:54

Crikeyalmighty · 27/11/2025 13:11

Personally I would be looking at vouchers too, not useable on tobacco or booze and ID needing to be presented and vouchers given to the mother

I met a few people who'd start a business selling and buying vouchers...😕

Reallyneedsaholiday · 27/11/2025 14:41

EvangelicalAboutButteredToast · 27/11/2025 09:23

You don’t think that the OP’s expenses went up alongside your own? Plus VAT on private schools. Plus the extra tax on expensive homes and the myriad of other surcharges this government is adding. You think that these mythical higher earners have no outgoings and so heaping in some more pain should be palatable?

The IP literally said in their opening post how much their finances have been impacted.

Mildura · 27/11/2025 14:22

Cosyblankets · 27/11/2025 14:08

The OP says missed out on FTB relief because bought at the wrong time.
So i understand that to mean they were FTB

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

I think it sounds very much like they've moved a couple of times.