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?

Lucky you angelos so lucky your family is not going to be tnousands worse off.

People in employment get rather more than 71 per week. Plus I have explained why getting employment is so difficult. Although I accept having read the rest of the thread her problem are small. Thankfully she will be retired in 4 years if they don't movd her retirement age back again.

£250 ish better off - married couple, no kids yet, 35-40k ish salaries, living in London.

We could have absorbed a hit MUCH more easily than a lot of people who this budget has hit badly and that makes me feel a bit sick.

I have done a couple of different calculations and both say there will be no change to me. Disabled single parent carer, one disabled child. CTCs don't seem to be affected and won't be affected by benefit cap due to getting DLA and PIP. The benefits freeze will mean we won't get rises in our benefits though.

I worry about DS as he's 16 so I don't know how all this 'earn or learn' thing will affect him, although I expect him to stay at school (special school) until 18. He gets highest rate DLA so I hope there will allowances made for his disabilities. He certainly won't be affected by the change to turn student grants into loans (not capable of GCSEs) or by the HB changes for young people (I expect he'll be living with me until his 30s - not independent enough to live alone and couldn't cope with a shared flat).

The figures posters on here have calculated are born out by an article I was reading last night, which had looked at various family set ups/incomes and worked out if they stand to lose or gain.

Essentially a childless couple, with combined earnings in excess of 30k will gain. A couple, both working but with less income with at least one child will lose, and the losses will be in excess of 1k. The TC cuts start next year, but the so-called living wage won't reach the dizzy heights of £9 until 2020, and the change to the tax PA doesn't make up the difference. So much for supporting 'hard working families'.

single parent. working ft but flex hours. self employed.

i will be £1540 worse off by income per annum and possibly will pay £1000 more in outgoings depending on how LA calculates.

i will go from just managing to barely able to manage. i already do all the cost cutting I can. If I work more hours then I will not be around to cook and budget and will need chidcare which would cost more per hour than i earn.

I am fortunate that i already part own my property and have a mortgage but was looking to downsize. Paradoxically I probably now won't qualify for a mortgage so will have to stay in the more expensive location and pay the more expensive loan that I already have.

I didn't vote tory.
I don't mind helping the country out a bit but can't see that this has worked out fairly at all.

Many will be worse off than me.

foolonthehill. Similar position to you. I have twins and after school club for both costs more than I get an hour. I usually work nights in my contract job and days in my second job. Extra hours are rare. I'll have to stop all clubs they go to, impinging on their social and physical development

We're about £300 a year better off. 2 adults working FT, two dc, annual income avout £45k.

Recently I had to give up my job and go onto carer's allowance. The BBC calculator says no difference.

If I were still in my job, as a single mum with two kids, I would have been 1400 worse off! [shocked]

Just had a look on the tory facebook page to see what the general consensus was. Lots of hip hip hoorays for the hard workers of the nation. Theres a lady saying she couldn't work harder if she tried to and tax credits that help with nursery are being cut by well over £100 a month, and is being met with "don't have kids you can't afford", and "its not the govournments fault your partner left you"

Mostly women too, with kids in their profile pics, I wonder if they know?

Seems like the colossal tax credit cuts are just being glossed over by the new min wage or the 2 child "fairness" rule. I wonder what will happen to those who can afford three kids now but lose their job or partner? Those kids will still need food and nappies and clothes.

I feel sick. 4th richest country in the world and we are high fiving eachother over children being put into poverty through no fault of their own.

I hope their partners never decide to leave them or lose their jobs. Disgusting.

Seems like the colossal tax credit cuts are just being glossed over by the new min wage or the 2 child "fairness" rule.

Yes, I think a lot of people are missing the relevance of the tax credits threshold being reduced, and the taper being increased, mostly because of the media frenzy about the "living wage" and the 2 child rule.

19lottie82
Why don't you read the thread?

Hamiltoes, what about the uplift in free childcare hours, did she take that into account?

The uptake in free childcare hours will not help me, my dd is 1, they dont come into effect until ages 3-4. i left her abusive father. I am losing £1500 approx next year. I would be approx £6k better off if I did not work at all (factoring in HB, council tax) but I want to show my dd the value of work. The NMW will not help me, I already earn over that and earn per annum less than the taxable amount anyway.
If I worked more hours my childcare costs would rise and tax credit amount would go down further. I cried last night wondering how we will get through next year. Yes this is something to high five each other on.

single parent on under 13k a year - I will be £1400 worse off.

on the bbc budget calc i would have to earn over 45000 before i was unaffected.

i earn 12000 pa

and over 48000 to be better off

I'm wondering how does this impact on second families? It seems to me this is massively beneficial to feckless non resident parents but maybe I'm missing something.....

Imaginary scenario. Family separate, the 2 children remain with resident parents who claims child credit for them. Resident parent cannot now claim child credit for any further children which is going to make it really hard to start again with a new partner.

Non resident parent is not claiming anything so can go on to have a further two children in a second family.

Given that most resident parents are woman, already being hit by losing the need for paid childcare while working, this really does seem to be an attack on lone parents

I woke up this morning scared.

I didnt chose for my husband to leave me. I didnt chose to be a single parent. I did chose to only have one child. Yet my exhusband has gone on to have 4 more kids when he doesnt support the one he already had. This country is fucked and i cant believe that some of you are glad you voted for these selfish tory fucks.

My ds will have a poor quality of life. I work part time at the moment but i am applying for full time jobs. Under the new tax credit changes i will be about 500 more worse off working full time than the 1400 or so that i will be working part time. So 2000 pounds a year worse off for working full time. It doesnt make sense. The more you work the better off you should be.

for pp who suggested that the 30 hours free childcare be added in...

1. it only affects preschool Dc over the age of 2, not school age DC so only helps for a very short time...
2. it is IMO unachievable as the majority of people cannot access the free 15 hours of child ed (when did the education message get dropped?) as there are not enough spaces
3. the "free" spaces are government funded at less than the going rate (about half what I charge) meaning that offering the "free" places would mean that I took a pay cut () or had to subsidise them by increasing the rate other parents pay.

Not to mention, what are you meant to do when they are 1 & 2?

Its incredibly hard to get back into your well paid job if you take a 3 year career gap. Most people who choose work over staying at home will need to go back within the first year. How come we have one of the highest rates of childcare in the EU proportionate to income? And the pittence from child maintence is mind-boggling.

Surely if they are making lone-parents £1000s worse off per year, they should be upping the CM rates to reflect this?

If the gov don't want to pay for children why don't they expect the fathers too?

I have a friend who rakes in well over £2000 per month after tax and pays her £200 of that. Her nursery fees are the cheapest i'd heard of af £34 per day. Doesn't even cover 2 days nursery never mind everything else the child needs.

This is appalling and so boased against lone parents.

Exactly. One years free childcare of 30 hoursvper week when they alreadyget 15 isn't much of a concession.

That 30 hours childcare is England only, isn't it?

to everyone affected. I do worry that voices from people affected won't be heard by anyone. If you are going to lose out I really do suggest that you contact your MP and tell them exactly what the changes mean for you. They can't just vote this through without fully being aware of what it means.

It is definitely those who are already struggling to get by who will be hit the hardest. Especially those who have ended up as lone parents through no fault of their own and are already working hard to support themselves.

How can anyone who is going to be better off under this budget celebrate knowing that? Anyone who will be better off under this budget doesn't need the extra money.

I like the idea that all the extra money should be given to food banks to support those less well off. But I HATE that that is what the Tories want with their stupid Big Society. I hate that the food banks are basically supporting Tory policy.

I hate that Britain looking after its poorest was seen as a bad thing.