Page 13 | After a long wait. The Autumn Budget is finally here!!! 💰

Cosywintervibes · 2025-11-26T09:47:23+00:00

[[https://news.sky.com/story/budget-2025-raft-of-tax-hikes-expected-today-as-more-policies-confirmed-13475413 https://news.sky.com/story/budget-2025-raft-of-tax-hikes-expected-today-as-more-policies-confirmed-13475413]] Anyone like to join me in watching the budget today?

AllJoyAndNoFun · 26/11/2025 13:39

SL2924 · 26/11/2025 13:31

Martin Lewis had a post about a workaround for this where you can use a shares ISA to hold cash. I don’t know the details but worth looking at if S&Ss is a concern.

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I haven't looked at the detail but presumably can also still invest in bonds (fixed income) which are in the middle of cash and shares in terms of risk/return.

BIossomtoes · 26/11/2025 13:39

VanCleefArpels · 26/11/2025 13:38

Well if the Renters Reform Act didn’t fuck the rental market, the additional tax on income will. We are planning to sell our rentals as each comes to the end of current tenancies, so fewer places for young people to live. Brilliant.

More for them to buy.

EasternStandard · 26/11/2025 13:38

£30bn in tax rises and increased benefits. Definitely Labour.

AutumnLeavesandKnittedJumpers · 26/11/2025 13:38

VanCleefArpels · 26/11/2025 13:38

Well if the Renters Reform Act didn’t fuck the rental market, the additional tax on income will. We are planning to sell our rentals as each comes to the end of current tenancies, so fewer places for young people to live. Brilliant.

Adding properties to the market is not taking away properties from young people. Much the opposite

AmberFawn · 26/11/2025 13:38

BadgernTheGarden · 26/11/2025 13:31

Except many people don't want the risk and uncertainty of S&S, there is nothing guaranteed on S&S and with the economy as it is it could be years before you see the possibly greater interest.

Getting people to invest in something they don't understand is not a good idea and is a big opportunity for scammers flogging very high risk S&S investments when most people would be better off in a 'safer' simple tracker.

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But that’s the whole point, ‘with the economy as it’. More investment will help. Where does anyone expect change to come from?
Also, long term is a subjective thing, my long term is 10 years. I don’t think that’s unreasonable.
I agree with you about need for education and proper oversight but maybe this is the starting point.

MrsChrimbo · 26/11/2025 13:38

There was a young woman on the news this morning saying she hopes the 2-child cap would be lifted as things were a bit tight for her 6 kids.

Why am I working FT and now paying more under this budget to support her and her 6 kids? This is not right and I am sick to the back teeth of it. I can only afford 2 DC, and I have to pay for other peoples children.

VanCleefArpels · 26/11/2025 13:38

Well if the Renters Reform Act didn’t fuck the rental market, the additional tax on income will. We are planning to sell our rentals as each comes to the end of current tenancies, so fewer places for young people to live. Brilliant.

NameChangePoP · 26/11/2025 13:38

Removal of the 2 child cap is ludicrous to me. I'm totally on-board with getting children out of poverty, but they should have removed the cap for children already born but kept it in place for any new ones.

We will now go back to how it used to be, a way of life. People having child after child so they don't need to work and get paid for doing so. Those children will repeat the cycle and it's never ending.

Bumblebee72 · 26/11/2025 13:38

She's really screwing over young people.

Iocanepowder · 26/11/2025 13:37

‘Hey Iocane, wtaf are you doing working instead of popping out more kids? And while i’m at it, why are you saving for your retirement you stupid fuck?’

NorthXNorthWest · 26/11/2025 13:37

Bumblebee72 · 26/11/2025 13:34

Oh fuck she fully costed it again. So what increases will there be next year?

Yes, I was particularly reassured by that...

Coletilla · 26/11/2025 13:37

PropertyD · 26/11/2025 13:25

A lot of people wont do a Stocks and Shares ISA. Too risky for them.

I have a friend who uses the Cash ISA. She is quite switched on but she has told me she wont 'risk it' There are many like her. You could lose all your money whereas in the cash ISA its safe. Why dont Labour understand this.

I agree. Human factors. I’m someone’s who lost money during the technology crash. With hindsight, my attitude to risk was not sufficient, but I also blame myself, and would never take such risk again. Don’t have enough to “ride” ups and downs for umpteen years, no big portfolio that allows me to do that.

I do think if I was very young I might consider SS but I’d have my wits about me better.

EasternStandard · 26/11/2025 13:37

Bumblebee72 · 26/11/2025 13:34

Oh fuck she fully costed it again. So what increases will there be next year?

Agree fuck that. Every time it’s “fully costed” and no more.

PropertyD · 26/11/2025 13:36

Fully costed (yet again!) Also she seems to have pushed some of the increases into 2027/2028. I presume that is to make her figures work out (and they might not ever be implmented)

MeouwKing · 26/11/2025 13:36

Freezing the tax allowances means that anyone on the state pension will pay tax on every penny of extra earnings. So if an OAP takes a minimum wage part-time job, they will only be receiving 10 pounds an hour nett.

NorthXNorthWest · 26/11/2025 13:36

reversegear · 26/11/2025 13:32

Handing back the hybrid, closing my business that’s 5 staff gone I’m going back to uni to work for the NHS. This budget is shite, there goes all our money.

Uni will cost you 50k.

AutumnLeavesandKnittedJumpers · 26/11/2025 13:36

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chickenfucker · 26/11/2025 13:36

Peopleareworried · 26/11/2025 12:22

Taxing people saving in their pensions is bonkers. Making it less attractive to save for individuals future.

Agree, really annoyed about that

Bumblebee72 · 26/11/2025 13:34

Oh fuck she fully costed it again. So what increases will there be next year?

Popcorn76 · 26/11/2025 13:33

SL2924 · 26/11/2025 13:31

Martin Lewis had a post about a workaround for this where you can use a shares ISA to hold cash. I don’t know the details but worth looking at if S&Ss is a concern.

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You can use short term money market funds which you buy like stocks and shares. They currently pay about 4.5% and are almost (99.999%) as safe as cash. I use them in my stock and shares ISA instead of bonds to keep some liquidity and invest in dips.

Iocanepowder · 26/11/2025 13:32

This is making me miss the Toris. What a shitshow.

reversegear · 26/11/2025 13:32

Handing back the hybrid, closing my business that’s 5 staff gone I’m going back to uni to work for the NHS. This budget is shite, there goes all our money.

Kuretake · 26/11/2025 13:32

whirlyhead · 26/11/2025 13:28

I closed it down about 5 years ago, I think. It mainly went down rather than up, so I waited until it was back at the level I paid into it. I chose a conservative risk strategy too.

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I don't think this can be right - so you put money in in about 2014 and by 2019 it hadn't increased at all? I had the same provider and mine grew plenty over that period, are you sure this isn't some admin issue and you've lost out?

AmberFawn · 26/11/2025 13:31

Coletilla · 26/11/2025 13:26

I think she said that the 20k was staying for people over 65. Did I get that right?

When people give examples of greater gains “long term”, I wonder what they mean by long term. I can’t imagine being 55+ and risk averse and saving into a SS ISA. So I think there’ll be a particular cohort that will be most affected.

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There are low risk investment options, even these generally outperform Cash ISAs even in the medium term.

SL2924 · 26/11/2025 13:31

PropertyD · 26/11/2025 13:25

A lot of people wont do a Stocks and Shares ISA. Too risky for them.

I have a friend who uses the Cash ISA. She is quite switched on but she has told me she wont 'risk it' There are many like her. You could lose all your money whereas in the cash ISA its safe. Why dont Labour understand this.

Martin Lewis had a post about a workaround for this where you can use a shares ISA to hold cash. I don’t know the details but worth looking at if S&Ss is a concern.