Todays Budget has resulted in the average workers getting a load of money

[DistinguishedSocialCommentator]

A load of money back in their pocket. I believe the average is 1300 a year for a person on an average wage is a few quid short of 35,000.

That is a real saving

However, those paying tax but no NI as pensioners don't have to pay it or if you don't work won't get a penny of that. My OH and I left work years ago not reached state retirement age and won't gain a penny but we are really happy for the majority that work as work must be rewarded.

A lot of winners here. We are not for reasons as stated above but still happy with the budget, inc the extra money for the NHS and completing 200,00 extra operations a year and money for improved IT system.

I feel this budget is good for those in work and rightly so and those in work with children of up to school leaving age?

Yes, i am pleased with the budget. I was worried that there might be a tax reduction which is obviously great for everyone except those of us who live in Scotland since tax is controlled by Scotgov so im glad its been a UK controlled NI reduction. It really helps us up in Scotland since the SNP have continued to raise our income tax levels so everyone earning over something like £25k in Scotland pays more income tax than we would if we lived south of the border. I am not able to benefit from any free nursery hours because no nurseries close to where i live offer the scot gov scheme so every little helps. Thank you to the conservatives in Westminster. Hoping the scot gov takes note!!!!

Oh Christ it’s you again. Mumsnet’s worst informed poster with yet another crazy take on economics.

Thanks, Rishi.

"Then tell your councillors to STOP throwing away council taxpayers' money and make everyone pay the full amount apart from the single house-holder"

@DistinguishedSocialCommentator

Sorry what?

So you think the chronically ill and disabled, those having to rely on benefits with already below subsistence income including pensioners on low income, the severely mentally ill, people in care etc should have to pay full council tax?!? I pay over £200 per month council tax, where do you think the most vulnerable people in the lowest of incomes will get that money. Off the magic money tree?!? Do you have no empathy at all?

People get council tax reduction and exemptions/discounts for a good reason. Many of which are set out in law by central government so have absolutely nothing to do with individual councils at all. You are telling others to research, maybe it's YOU that needs to do some research.

Agree wholeheartedly. The second N.I cut would have been better ploughed into the NHS imho.

It's a terrible budget.

Personally, I'll be worse off because of the frozen tax thresholds but I'm not too bothered about that. What I am bothered about is the ridiculous tax giveaways when our public services are crumbling.

Well, sure. But apart from that ...

worse off here according to the calculator thing.

According to that sky news calculator I’ll save £125 a month in NI, but frozen tax thresholds will cost me an additional £188 a month. So it says I’ll be c.£60 worse off.

That particular calculation feels non-neutral though. I’m not £188 worse off relative to what I was pre-budget; I’m £188 worse off compared to where I would be if Jeremy hunt had increased the tax thresholds in line with inflation. Which he wasn’t going to do because the government adores fiscal drag. So in the real world, my tax liability stays the same and I benefit from the NI reduction by about £1500 a year.

What I’m irritated about is that I’ll still fall into the category of single parents who don’t get child benefit but households with combined incomes of £118k will be getting it. Fiddling about raising the thresholds does nothing to make that anything less than fundamentally unfair. That’s not me complaining my diamond shoes are too tight. It’s an obviously badly designed policy and no amount of raising the thresholds changes that.

You mean they need a better programmer for their bot.

If you run down the NHS and encourage people to ignore covid you get a lot of people too sick to work. The money should have been spent on getting sick people treated so they can get back to work.

Let's see if you get a little jump in the polls, Jezza. I'm guessing not as most people can see right through you.

There are apparently plans to move it to a household rather than individual calculation. But not this year.

I've not read the details yet but in a budget it's always robbing Peter to pay Paul .... I wonder whose piggy bank they'll be rifling for this one.

This.

We benefit from this as when I go back to work my part time salary will be £59,600. Then the cut in NI we’ll get extra income.

Great… but I can’t help but feel sad for the country as a whole. We’re in a fortunate position we can afford private health insurance etc. but I worry for those who can’t afford to replace the cut in public services themselves privately.

I’ll be just over £20 worse off (that I didn’t have spare) … 🎉

Please look up the meaning of "average." You will then see the point of this thread and the millions standing to benefit from this budget.

Your average worker on £35k won't benefit from the increase in the CB threshold, only the NI reduction which will save th £450 a year.

I’m not sure anyone is actually worse off because of the frozen thresholds though.

If you earn £65k, you’ve still got £12,570 tax free allowance, then 20% on the next £37,700, and 40% on the remainder. That’s not changing.

You’re only worse off compared to where you’d be if the thresholds rose in line with inflation. But there was no plan for that to happen - and it won’t happen for years. This government really likes fiscal drag as a mechanism and Labour are unlikely to view it differently.

According to the calculator I'm £20.65 worse off on £25,000. Great!!! 🤔

I'm really happy about the child benefit minimum being raised. I was happy about the vaping tax until I also saw that they're rising the world as on cigarettes so that cigarettes will cost more!

The budget will give a fairly positive change for us as a family. 3 children, one income of 60k one very low earner. Change in NI and child benefit threshold will be a good change for us. But that makes me quite unhppy, I'm not impressed that we are clearly the target voters that the Conservatives think they can swing round with an easy win, in time for an election after years running the country into the ground 😳🤣 hmmm....no chance!

Apart from the fact that it's arrant bullshit, it's really not going to cover the doubled mortgage payments we have to pay because of, er, this government...

Yep, great savings that will be eroded by rising council tax (especially those in Birmingham facing a 21%!) and will see falling income for several public services that badly need an increase.

The roads might look like the pitted surface of mars, the schools might be crumbling, you might struggle to get a GP appointment or have to go private for cancer treatment, the rivers might be filled with human waste, the councils might be going bankrupt, homelessness might be increasing along with food bank usage but you know, at least people can get a new telly. 💪

There are apparently plans is the government version of telling your kids ‘maybe later’.

We all know they aren’t going to look at that in any seriousness. They are just going to leverage the general contempt most people seem to have for higher earners and pretend it’s not an issue of a policy designed to disadvantage higher earning single mothers (in particular).

That particular calculation feels non-neutral though. I’m not £188 worse off relative to what I was pre-budget; I’m £188 worse off compared to where I would be if Jeremy hunt had increased the tax thresholds in line with inflation. Which he wasn’t going to do because the government adores fiscal drag. So in the real world, my tax liability stays the same and I benefit from the NI reduction by about £1500 a year.

Yes, the Sky calculator is a bit misleading. The MSE one's just been updated and is more accurate -

https://www.moneysavingexpert.com/tax-calculator/

There are apparently plans is the government version of telling your kids ‘maybe later’.

Oh totally - it's an 'after the election' plan, and therefore vitrually worthless.