Active discussions

Help end medical misogyny. Sign our petition.

Help end medical misogyny.
Sign our petition.

Sign the petition

Please or to access all these features

Talk
Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Original poster

Is Anyone preparing/hunkering down for 'after the budget'

573 replies

IsUnemploymentRising · 14/10/2025 10:02

The news is today seems to be full of headlines such as unemployment is going up, housing markets are softening, budget is make or break.

Lots of people such as Andrew Bailey quoting things like markets could crash due to debt and AI bubble etc

I just don't see how RR or anyone else for that matter can get us out of our current situation without considerable cutbacks and pain.

Raise Taxes - lots of people think this is maxed out now with rich leaving and businesses already hit (thus rising unemployment)

Cut Benefits - will they try this again. If so what will all the people on benefits actually do to live. Will they all get jobs. Is there jobs?

So are you hunkering down?

Me personally I wish they would just get on with it. I hope to move house in next few years and whilst I'm still committed to it I can see another frozen housing market coming where only forced sellers sell and everyone else sits tight.

I'm retired (although not getting any pensions yet as too young) and definately worried about pension values (ie stock markets, bonds etc). It's very difficult to plan when your pensions are dependant on things outwith your control. (not applicable to those with final salary/defined benefit schemes of course)

State pension is a good 14 years away for me (I'm fully paid up) but I worry it will be eroded when I have built it into my calculations for retirement not to mention the freezing of tax brackets which means we are all getting taxed more each year by stealth.

I'm probably in a better position that many to weather the storm as no mortgage or debts and holding cash etc but even then I worry about our currency being worth nothing soon if they go down the route of printing money again.

Am I being overly pesimestic. I mean how are they actually going to get us out of this. For those on benefits (apart from worrying, being scared etc) how will you actually cope if your benefits are cut.

OP posts:
Kimura · 14/10/2025 22:21

logplant · 14/10/2025 19:57

I wouldn't give a 18 year old a large sum of money. They are still babies at that age - best leave it till they are a bit older. Seen too many kids who blew their trust funds.

Show quote history

I suppose the hope is that they're raised to know a little better than that!

The idea is that it'll get them through Uni without debt, or it can be used for a deposit on a house. But if they want to blow it all travelling and seeing the world for a few years, why not?

Shellyash · 14/10/2025 22:21

YaWeeFurryBastard · 14/10/2025 22:18

Why are you confident? That’s not what the current market forecasts are saying. It will be better for the economy if rates decrease as well do I hope that’s what happens, along with additional wealth taxes so the burden is shared.

Show quote history

That's a nuisance but I can't stop it happening so have to accept it. But wealth taxes are unfair as wealth has to be earned and whilst being earned the earnings are already taxed

YaWeeFurryBastard · 14/10/2025 22:23

Shellyash · 14/10/2025 22:21

That's a nuisance but I can't stop it happening so have to accept it. But wealth taxes are unfair as wealth has to be earned and whilst being earned the earnings are already taxed

Show quote history

What a load of rubbish, billions of pounds of wealth in this country is unearned, either through house price rises or inheritance.

Interested in this thread?

Then you might like threads about this subject:

Cost of living
Original poster
IsUnemploymentRising · 14/10/2025 22:37

Overthemhills · 14/10/2025 20:14

The purse is empty.. the purse is empty - boo hoo!
Come on OP - your frugal life is the story the country has been waiting for. Tell the government how you manage to be so wonderful and cost nothing to the State.
Please, please help us to rally around to put those people who use benefits and those who wouldn’t survive YOUR version of “survival of the fittest” into work camps or .. exterminate them?
Please tell us!
I wonder how you will cope with receiving your state pension (you know a benefit from that empty purse) - with glee? Or that surgery you need? The medication to ease the pain of arthritis? Aids and adaptations for your new build when you can’t cope with stairs and standing? Wheelchairs? Carers? Naso-gastric tubes if you have a stroke and can’t chew?
Will you still be hoping those pesky children who have “special needs” are dead or locked away - what’s the saying.. “arbeit macht frei?”

so your solution to the countries problems are to attack anyone that raises it and tries to discuss it.

I'm actually trying to plan how I will manage if the state pension is taken away or the NHS thus my question about hunkering down.

Do you think the UK's purse isn't empty? Your post does nothing except have a go at me.

I didn't make up the saying 'survival of the fittest'. I was simply making the point that the saying exists for a reason and it was more applicable before we had the NHS and the welfare state. Given we don't appear to be able to afford these things any longer...........

I feel sorry for dogs at dog charities who don't have homes. I wish I could afford to adopt a bunch of them but I can't. So I can feel as sorry for them as I want but I still can't afford to adopt one. Some of those dogs might die because people can't afford to adopt them. I can feel sorry for something and still acknowledge that I can't afford it at the same time.

Same way I can acknowledge it's a shame if a child is disabled but if the country has no money left what do you propose?

OP posts:
Shellyash · 14/10/2025 22:41

YaWeeFurryBastard · 14/10/2025 22:23

What a load of rubbish, billions of pounds of wealth in this country is unearned, either through house price rises or inheritance.

Show quote history

No, inheritance has been earned and tax has been paid on it. No need to pay twice?

Original poster
IsUnemploymentRising · 14/10/2025 22:43

This reply has been deleted

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

I think you are right. The country will go back to providing for the vunerable at minimum cost to the taxpayer.

OP posts:
OnlyHereForTheChristmasBoard · 14/10/2025 22:44

springintoaction2 · 14/10/2025 12:40

@EasternStandard the address was from another poster, but the OP didn't understand the reference, so I was pointing it out.

I think the OP understood it just fine, but nice of you to elaborate anyway.

Original poster
IsUnemploymentRising · 14/10/2025 22:49

Overthemhills · 14/10/2025 20:42

Well the OP has savings and her lifestyle because her parents died - so .. do we kill off the elderly and retire early so as NOT to contribute taxes or NI (while also stopping social care)?

Survival of the fittest comes down to when your parents die and leave you money I guess

what a daft comment. I went to uni from 16-19 to get a degree. Worked while studying from 19-23 to get a professional qualification and was earning good money by 25. I worked without a break until I left to care for my parents and yes they paid me what I lost in my salary.

Yes I got an inheritance from them when they died. My dad worked till he was 80 cos he liked his job. So no I don't have my lifestyle just because of my inheritance. Sure you already knew that though.....

OP posts:
rachelhere · 14/10/2025 22:59

I think my favourite poster here is the selflessly economy-boosting 'I'll miss French cheese' 🤣

Original poster
IsUnemploymentRising · 14/10/2025 22:59

Overthemhills · 14/10/2025 20:43

Ah do you put money away - to the parent of a severely disabled child? Talk about the lack of comprehension by @IsUnemploymentRising

you are correct. I don't understand what is involved in looking after a disabled child. I can imagine it must be a huge worry though for what happens when the parents are dead. Thus why I wondered if parents set up a trust fund of some kind.
I only know one family that had a downs child and she had a trust fund which paid for her to go into a home after both her parents were dead.

I'm not sure why it's such a weird question? Don't they get benefits to pay for stuff so maybe they can put some of that away for the future?

OP posts:
rachelhere · 14/10/2025 23:03

Also to the original poster you went to uni at 16? One of those maths prodigies, is it?

beanbaggirs · 14/10/2025 23:04

what a daft comment. I went to uni from 16-19 to get a degree. Worked while studying from 19-23 to get a professional qualification and was earning good money by 25. I worked without a break until I left to care for my parents and yes they paid me what I lost in my salary.

The vast majority of carers do not get paid their equivalent salary....

beanbaggirs · 14/10/2025 23:05

No, inheritance has been earned and tax has been paid on it. No need to pay twice?

No it hasn't, most inheritance comes from housing wealth which generally hasn't been earned and just dependent on when you were born.

YaWeeFurryBastard · 14/10/2025 23:05

Shellyash · 14/10/2025 22:41

No, inheritance has been earned and tax has been paid on it. No need to pay twice?

Show quote history

No, inheritance has been accumulated (perhaps earned, perhaps not) by the deceased person. The recipient has paid no tax on it (below the current tax bands). Very basic.

Original poster
IsUnemploymentRising · 14/10/2025 23:08

bumblebee1000 · 14/10/2025 21:23

I put my money into gold and silver, over a year ago...its rocketed and some are up 70%....i am holding them all. not selling.

gosh that was sensible. Why can I ask are you not selling? Is it because you think currency is going to become worthless or is it because you think the price of gold/silver will rise further?

OP posts:
YaWeeFurryBastard · 14/10/2025 23:09

IsUnemploymentRising · 14/10/2025 22:59

you are correct. I don't understand what is involved in looking after a disabled child. I can imagine it must be a huge worry though for what happens when the parents are dead. Thus why I wondered if parents set up a trust fund of some kind.
I only know one family that had a downs child and she had a trust fund which paid for her to go into a home after both her parents were dead.

I'm not sure why it's such a weird question? Don't they get benefits to pay for stuff so maybe they can put some of that away for the future?

Show quote history

You seriously think parents of disabled children receiving benefits have money spare to put away for their child’s future? And you wonder why people are getting annoyed at you?

Shellyash · 14/10/2025 23:10

YaWeeFurryBastard · 14/10/2025 23:05

No, inheritance has been accumulated (perhaps earned, perhaps not) by the deceased person. The recipient has paid no tax on it (below the current tax bands). Very basic.

Show quote history

Nah.

rachelhere · 14/10/2025 23:11

It's a humblebrag thread, roll with it. I'm going to provide work for the local chimney sweeps, drug dealers and candlestick makers, and luckily retired at 34 after studying for 9 years at uni from the age of 4

Shellyash · 14/10/2025 23:13

rachelhere · 14/10/2025 23:11

It's a humblebrag thread, roll with it. I'm going to provide work for the local chimney sweeps, drug dealers and candlestick makers, and luckily retired at 34 after studying for 9 years at uni from the age of 4

Yep, same here.

beanbaggirs · 14/10/2025 23:16

@rachelhere I got my masters in the womb. had nothing much else to do for those months so just applied myself.

Original poster
IsUnemploymentRising · 14/10/2025 23:17

YaWeeFurryBastard · 14/10/2025 21:57

Sorry OP but you’re exactly the sort of person I hope they tax a lot more. Asset rich people hoarding unearned wealth like many of a certain generation need to pay their fair share instead of freezing or increasing income tax which further hurts working people who or already often struggling.

Dh and I are high earners although haven’t been able to build a large amount of assets yet and we’d be happy to pay a bit more tax as long as the burden is also shared across those sitting on large amounts of assets. It’s really galling when working people continue to be taxed to the hilt whilst many older people who’ve benefited from huge house price rises and often inheritances sit in huge houses most of my generation could only dream of affording whilst moaning about losing their winter fuel allowance or having to pay a bit more tax.

I'm definately not a rich person. I live in a modest house. I drive a 10 year old small car. My last holiday was in 2014.

What unearned wealth am I hoarding? My dad earned the money (and paid taxes on it) but died before he could spend it so yes I have benefited from it. Tax was paid on it though.

I don't get winter fuel allowance as I'm only in the first half of my fifties.
I was a high earner till I gave up work to care for my parents and paid lots and lots of tax so hopefully that makes you feel better.

OP posts:
flapjackfairy · 14/10/2025 23:22

IsUnemploymentRising · 14/10/2025 22:43

I think you are right. The country will go back to providing for the vunerable at minimum cost to the taxpayer.

Show quote history

well you were ok since your parents were able to pay you.to look after them when they were vulnerable. You show an astonishing lack.of empathy for vulnerable people as a whole though i have to say and don't seem to realise how privileged you are to be retired so young. And that is thanks to your parents it seems . No doubt they benefited from house price rises etc to enable that. Not everyone else is as lucky.
As a parent of severely disabled children I am weary of these kind of threats that become an excuse to advocate fof a return to the good old days of locking away the poor and disabled.

beanbaggirs · 14/10/2025 23:23

I'm definately not a rich person

You have to be pretty comfortable to retire in your early (0s surely?

BurntBroccoli · 14/10/2025 23:24

IsUnemploymentRising · 14/10/2025 10:19

The last downturn the goverments relied on austerity and printing money.
I just feel like these have been done now and there is no room to do them again (nor do i want them to).

Services are already pretty wrecked so further cuts are surely going to be difficult unless they just start scrapping things (like NHS)

With such a high debt burden and interest burden something is going to have to change substantially.

What though? Yes I agree there are somethings the goverment probably didn't anticipate but surely a good start would be to stop charity/helping other countries till we fix ourselves.

They can't tax the rich if they are all leaving and that seems to leave a middle population already taxed heavily and a huge percentage of benefit claimants.

Kick starting growth is the obvious one to help us out the hole but how given unemployment is rising?

I've thought this before and I'm thinking it again - do we actually need something dramatic to happen. A reform govt? An IMF bailout?

Not helped by the fact I have no faith in RR at all to make good decisions.

Show quote history

They could introduce a Land Value Tax. The wealthy can’t take the land with them.

rachelhere · 14/10/2025 23:24

Isn't it funny how most people's political views are often not much more than a sophisticated version of 'I'm alright Jack'?

Swipe left for the next trending thread