Is it right the biggest winners im budget

[SortUKproblemsfirst]

So the biggest winners in the recent budget were a couple both earning £60,000. Gaining £5229.

Working parents on £20,000 gained by £594.

Pensioners forgotten.

Seems topsy-turvy.

Aibu to say the Tories really are for putting people down and the leveling up was lies.

In fairness, it is believable if you just look at what house prices have done over the past 50 years. Which isn't much help to the pensioners who have had worse luck or even rent, but an awful lot of houses are worth over £1m now. It's created a huge divide.

I’m not that poster, but here you go. It was over 1 in 4 in 2022, could well be more now.

https://www.if.org.uk/research-posts/3-million-pensioner-millionaires-identifying-the-numbers/

Of course it should.

That was the point of it in its inception. Eleanor Rathbone MP, saw horrific deprivation within families where high earning husbands financially abused their wives. That is why she lobbied successfully for a universal benefit that was non means tested. I protested at the changes that the Tories brought in, but they would not respond at all to me.

I voted YABU because we're all being screwed over and have been for years. Decades in fact. Probably more. Centuries.

But you're reacting exactly as expected and blaming your fellow citizens rather than the people fucking you over.

@T0ASTER
I'm sorry that you feel it's so unfair that someone who has paid into the system all their lives gets a bus pass. Oh and help with fuel so they don't freeze to death.
Are there no workhouses?

Usually people complain the you care too much about older voters

Whatever way it happens people will have an issue

Also this, where does the number come from

Because mumsnet is full of middle class rich women.

👏🏼 👏🏼 👏🏼

I'd also like her to point out to me all the pensioners in South Yorkshire who are millionaires!

Most pensioners I know acknowledge that housing was more affordable, it was financially much easier to choose if you had a SAHP because you didn't need two full time salaries to cover costs and therefore didn't need paid childcare, they've also benefited from huge growth in house prices and I'm from a working class, pretty poor background, so people where one person worked in a factory and the other did a bit of cleaning and worked as a dinner lady, could buy a house and go on holiday. 3-4 times one average salary could get you a mortgage, council housing wasn't a pipe dream, your mortgage would likely be paid off by the time you were fifty, you retired at 60/65. Life isn't like that for people now, my parents, aunts, uncles, grandparents all pensioners recognise this.

Me too. We still have a Mortgage so no choice. As for 1 in 4 pensioners are millionaires I have no words.
The bitterness and hatred towards pensioners on mn is alive and well. One day we can hope that the contributions we've made and are still making to our children and the community at large might be valued.

Pensioners have triple lock. They are about to get a 8.5% increase so they’ve already been looked after. Many are wealthier and get more in pensions than working families.

Middle earners contribute tax, and have been getting very little in return. I think they should be getting child benefit. The cap should have been going up each year in the first place.

There's a graph in one of the online stories I linked which showed that amount

Where does that £5k figure come from?

I don't see any links I'm afraid.

I can't see how £5k can correct, i work it out as half of that at most for a couple.

Personally I’m not sure why child benefit is still being paid at all.

Budget after budget there's nothing for young people, we are struggling to get on the housing ladder, but you never get headlines about 'nothing for young people' like we have with pensioners.

We have declining fertility rates, we can't afford to have families it's about time younger people got something!

This.

The change is not about who needs it most. Obviously those on 60k don't. But the issue is that the CB clawback makes the marginal tax so high its disincentivizes taking on extra work. It you're around the £50k mark, why take on extra stress/hours if you receive so little pay in return?

The high income CB charge was a really poorly thought out policy from the offset for a number of reasons and should be abolished.

The child benefit changes were long overdue. And I'm pleased they will be consulting on removing the unfair way it's calculated. It should be on joint income, not one person's income.

I would also have liked to see charges to the 60% "tax trap" for those earning over £100k. Again because it's an unfair way of collecting tax.

The government have been helping the lower paid and on benefits with the Cost of living payments, inflationary increases to benefits (wages haven't done the same) and they are about to increase local housing allowances to bring them more in the line with actual rents which will increase the amount of help with rent people are getting. They've also improved the deduction you get when you work and claim benefits, so you get to keep more of your income. Plus they've increased the help you can get towards childcare costs.

I am NOT a Tory voter and their record on supporting the sick and disabled and other vulnerable members of society is less good but they've done a fair bit to try to support the working poor/lower earners. But you do need to help the middle earners too, they've been increasingly squeezed for a long time now and the cost of living crisis is affecting everyone, and many middle earners have been struggling, It's also important that tax is fair so I support the changes even though I don't benefit. Very aware though that these are blatantly being done to try to win votes!.

www.telegraph.co.uk/money/pensions/news/number-millionaire-pensioners-quadruples/

uk.news.yahoo.com/how-wealthy-pensioners-uk-rishi-sunak-pensions-triple-lock-140407324.html

amp.theguardian.com/inequality/2018/jul/07/its-time-for-britains-millionaire-pensioners-to-pay-up

Yes some need it but a massive number do not, they are very rich

They are

@Moreorlessmentallystable not everyone on a low wage gets so much support as you said
I keep seeing this, but if you don't have children and you earn min wage then no, you don't get "so much support"

The figure of 1 in 4 is based on the value of their homes. Not money in the bank though.

Agree.
Middle earners are often left out

A person earning £24,000 with kids is on the same take home as a person on £52,000 with kids when you consider benefits and UC not including housing top ups on rent.

Raising the child benefit limit will support those who have lost out on this for years.