We looked last night how much additional tax we would potentially be paying as a family, it's staggering.
We've already cut back considerably due to cost of living. I knew about a year ago we wouldn't be able to afford a new kitchen in the next few years, very little eating out, no takeout, sky TV and most subscriptions gone. Haven't had coffees out in a while and rarely buy new clothes.
Next to cut might have to be cleaner, or basically our 'fun' money (for family activities every month like cinema, days out etc). Also considering handing car back once DC is at secondary as they can use public transport.
We will do everything we can to preserve our one family holiday and saving for deposit for DC. We don't have family money, so it's on us. We live the SE and our home is worth the same as houses on the local estate. I feel like we aren't too far off from 'why bother'. We've both worked hard, paid student loans, the only handout We've ever had is 'eat out to help out'. I imagine a lot of people will start feeling the same.