Is it right the biggest winners im budget

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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.

Yep.
So it’s homes not cash in the bank then.

As an aside.
May not be relevant to you.
However
Have you tried the help to buy introduced in 2013.

According to a rough calculation we will be £2.5k better off a year. Which will go towards private education for our SEN children let down by the state system.

its to hopefully to win over a few voters

and the next government to deal with having to raise taxes

it’s not to help anyone out but the party

HTB worsened the housing market and thankfully it no longer exists

Oh really.
Im clearly not up to date on that then..thanks.
I

Ok.@JackNoMiddleNameReacher and @MotherOfRatios
just googled
I was thinking of this scheme.

I'm surprised that people think it's unfair that us pensioners have more disposable income - we have been where you are now but our children are now grown, have families of their own, so are no longer dependent on us. When we got our first house, it was entirely furnished from family cast-offs and secondhand shops. We moved out of London to a much cheaper place 30 minutes up the M1 - replaced stuff as and when money allowed. In those days mortgage interest rates were 16/17%. Cars were old bangers. Didn't have a holiday for many years - we were poor. I think expectations are much higher now - I don't feel bad for not having a mortgage - I've been paying one off for nearly 50 years - I don't feel bad for getting a state pension - I've been paying into it for 50 years - should have got it at 60 but had to wait until 66 after the government changed the rules that were in place when I started my working life doing a very demanding job with some very long days - I still drive an old thoughb

Shared ownership has a lot of issues, I wouldn't touch it in its current form

That's an income before tax etc of £105000 but if each of you earned 55k (an income of £110000 you'd be a lot better off - how can that be fair?

The only alternative in this scenario is to have a single tax rate for everyone and for every penny earned.
We don’t do that and we also have a tax free amount.

Pensioners only got the cost of living payment last year. The normal fuel allowance is only a couple of hundred which doesn't go that far.

It was not only pensioners who received cost of living payment but I assume that is ok with you. My neighbours, neither of whom work even though they could and have 4 children, received far more in cost of living payments than pensioners did. If they continue not to work, which they most likely will, they will still receive benefits when they reach retirement age even though they have never paid a penny into the system. He does work cash in hand 5 days a week though.

I worked 48 years with no break and DH has so far worked 51 years (still working) for our amazingly high state pension (one of the lowest in Europe).

As for the pathetic 1 in 4 pensioner is a millionaire rubbish. Only because their houses are worth a lot so unless they sell up and buy something much cheaper (not feasible for many) it is totally irrelevant.

Not sure where all these rich pensioners are anyway. Where I live there are quite a lot of pensioners living in terraced houses which are worth less than £200,000

What period of time are you talking about exactly? Yes houses where cheaper but my mum and dad both worked (mum worked evenings so she could be at home for me and my siblings) and could not afford to buy a house.

We went on holiday a total of 4 times and they were all cheap holidays in the UK.

The only people in my family who bought a house was an aunt and uncle who had a win on the pools.

My dad worked until he was 63 and mum until she was 66.

When me and DH bought our first house in 1981 mortgages were 2 times one salary and 1 and a half times the other so not 3-4 times.

@mydogisthebest my parents bought their first house in 1982 and it was almost 4 times my dad's salary, but he worked in a low paid manual job (factory/basic machinist type work) my mum did some secretarial work but was able to give that up when she had me because they could afford to live on just my dad's salary albeit things were tight. When me and DB were both in school she started working again initially cleaning jobs, playgroup assistant etc party time to fit around us.
You couldn't afford a mortgage now with that level of work. We lived in East London.

I am very surprised that your mum could afford not to work if your dad was in a low paid manual job. My mum certainly could not afford not to work. Even with them both working things were very very tight.

When me and DH bought our house in 1981 we could not afford to buy in London and had to move out to Kent. We both had pretty well paid jobs. The mortgage we could get was not even enough for a small 2 bed in Kent even with a decent deposit and we had to borrow from family.

Then, of course, we had all the fun of the mortgage rate going up and up and up and we struggled massively. We were eating beans on toast for our main meal. Your parents were lucky if they did not struggle on only one wage

I bought my flat in London (2 bed) in 2019, same age as my mother in law and her ex husband. I was 27, DH was 29 and we bought it with the deposit we saved from cramming in a 2 up 2 down terraced with my MIL and his sisters.

Our income was £75k combined in those days and we bought a flat for 392k so it was 5 times our combined income. my MIL and her ex- they were on combined £22k in 1989 and their London flat was £70k so a little over 3 times combined income. You can see the generational difference from that. My MIL and her ex were a secretary and a legal executive so were in very ordinary jobs.
I was in a junior financial services role and DH worked for an investment bank, was also very junior but the salary was the key to us being able to afford to buy.
We have had pay rises since so we are on combined £120k now and our mortgage is now 2.25 times combined household income but we would have to take a mahoosive mortgage to afford MIL's terraced house (worth £600k today) which she bought 7 years after buying the flat.

Also the sad part- we are the only one of MIL's kids to be able to do this and alot of it was down to luck i.e. meeting early at a young age and being able to stay with family due to our life stage.