to ask how you will be affected by the budget announcements?

[manicinsomniac]

Sorry if there's another thread about this, I can only see lots of speculative ones.

Now that it's announced ... I admit I'm struggling to get my head around it. I don't think it's as bad as I thought? I don't think it can be that good though? I don't think there's a single thing in it that affects me. I'm not sure about any of that though because I find it all quite confusing!

So, ordinary people from ordinary families/households - how are you going to be affected, if at all?

Well working in a warehouse for 8 years on low wage my employer will start moving targets higher and higher until we are expected to do the work of three people.
Then gradually make conditions worse remove bonuses and introduce new unsociable shifts. Eventually replacing me with a much younger faster less cynical Polish worker. But I'm not a very optimistic person

I'll be better off because of the 11k before tax allowance. It will probably be offset by the VED thing though. shrugs
I'm fairly happy with it to be honest.

We will gain by the income tax thresholds being increased.

I am pleased.

A lot of people were also pleased about the welfare bill reduction. I think it's great that it exists but eventually it went too far the other way by being more lucrative than working. Something had to be done.

No negative effect. Maybe positive. I don't think I was who they were supposed to help though.

There's a calculator at the bottom of this article to work out if you will lose or gain
www.independent.co.uk/news/uk/politics/watch-budget-2015-live-iain-duncan-performs-double-fist-pump-during-george-osbornes-budget-but-it-has-only-made-him-more-enemies-10375699.html

My sister on jsa of £71 ish per week will get no rise for 4 years. If I understand correctly.

Not really. Increase to 11k PA I suppose.

Budgets never seem to make much difference to me, but then it's not me I'm worried about.

I'm worried about all the benefit claimants that people want to punish for being poor, or because the system sucks so bad that working would make them worse off. Reducing welfare doesn't magic jobs out of a duck's arse.

Not sure yet, so thanks for posting that link, serenmoon.

I'm a self employed sole trader and will benefit from the 11k tax free increase, means I can take on more work without worrying about paying income tax.

My Dh works in public sector but is not frontline staff so he is unlikely to be affected (it seems that only nurses/ midwives/ porters bare the worst of the consequences of cuts) I don't agree with that at all.

I'm quite happy with it, but we don't rely on some type of government funding to get by every month, so I can see why people who do may be worried now.

Your DH will only get a 1% payrise, which is in effect a pay cut.

We'll lose around £5k per annum in extra taxes.

StatusQuo will it be impossible for your sister to get a job in the next four years then?

According to that calculator we will be no worse off as we are on full benefits. However, putting in my partners old salary, we would be £2k a year worse off due to tax credits reduction.

If your sister is on job seekers allowance she will be in employment in 4 years time though surely Status Quo unless she is particularly unemployable for some reason or inflexible about where and when she works?
I'd move if I couldn't find a job where I lived. Getting the money in through a job takes precedence over everything else to me.

Your DH will only get a 1% payrise, which is in effect a pay cut.

Do you mean my DH? if so, well yes he gets a pay increment every year to keep up with inflation but its not much. But that will not effect us as a couple, I also work full time.

serenmoon inflation has been under 1% since November, if it continues in that pattern for the foreseeable, 1% pay rise is not a pay cut at all.

Thanks for the link!
I will be £228 worse off, dh works and I work part time, have a toddler in childcare while I work.
Thanks dave!

It won't be easy as she in 62 with mild sen and is not really fit enough anymore for factory work.

Thought I'd be ok till used calculator. It says £1000 year worse off. Single mum working 16 hours but on good hourly rate. Sadly fixed contract before husband decided to leave me and ds who starts school in September.

Feckless husband unaffected though. Still paying minimum amount government says when he feels like it.

Calculator doesn't cover those paid via dividends.

O and she is the South East so moving won't help.

Oooh, thank you for that link!

Bulldogclip - 5K worse off I'm sorry, that sounds awful.

About 3k worse off in tax credits. Ace.

It's as I thought for me - no effect, positive or negative.