October budget going to be painful

[increasinglyconcerned]

Here we go..... I knew it. Labour were promising not to hike our taxes in the election campaign and here we are.... apparently they discovered £22 billion black hole in his first weeks in the role and it's not his fault.

Let me guess, those of us who earn six figures and already pay 45% will pay EVEN more and take home even less. It's the hard workers who will take the brunt. What's the point in working anymore!

I earn a little over £120k and I'm taxed the same as those earrings £500k.

Before people jump in saying they don't feel sorry for me, I work full time to support my family, as of January I will have 2 DCs in nursery, plus my mortgage and get ZERO free hours childcare, whilst they keep promising free childcare but I just pay more for everyone else to benefit.

I cannot afford to pay more taxes to fix this country and especially when so many people are getting a free ride and not paying their way, ranging from millionaires with tax havens to those claiming benefits dishonestly.

I wouldn’t bank on it. Home owners are not labour core voters. Look at the distain for anyone on here who dared to complain about interest rises. The rhetoric will move quickly to how lucky we all are to own a house and how we should therefore pay for the privilege again and again.

And you can bank on it that we will do. In every way imaginable.

But hey. At least we own an asset. Until that’s taken at the end too.

I don’t mind paying more taxes to improves services. I mind being made to pay more tax multiple times on the same item. I see why people feel they are being punished.

Aren’t you lucky that you earn so much and can make a genuine contribution to society through your wages OP?

You haven't been paying attention over the years if you think lower earners don't get hammered in numerous ways.

When does it get better under Labour?

I don't recall it will be painful in their pre GE spiel

Two questions:

What makes you think you work harder than someone else because you earn more?

Can you point out where labour promised they wouldn't be raising any taxes?

I think the subsidised childcare system is really unfair on higher earners who use nurseries.

The universal 15 free hours from 3 is nonsense. It’s insane for families who can afford to have a non-working parent at home to get 15 free hours at the expense of people who work. It should be means-tested, like the other childcare funding is. I don’t see why I should pay for the SAHMs at my son’s nursery to get free childcare to jump into their Range Rovers and head off to David Lloyd after drop off (I overheard one of them complaining the other day that she has to pay for her kids’ nursery meals 😂)

Worse still, the system’s underfunded by the government so the nurseries increase the fees that are actually paid by parents to recoup the loss. Meaning working parents who earn over £100k get a double whammy - massively increased nursery bills while paying for everyone else’s free childcare through taxes.

But hey. At least we own an asset. Until that’s taken at the end too.

And that's the kicker isn't it?! That if you scrimp and save and pay your way your whole life, if you need care at the end, the fuckers take your house as well.

Maybe give it more than 6 weeks?
And actually, their pre GE message was very much that things would be difficult for a while.

Absolute fuckers

I’m sure somewhere way back in the mists of time workplace crèches were a thing. Perhaps that’s something to incentivise employers to bring back? Would target childcare support at working people and may actually provide care for the hours needed.

If the government provides funding to special schools to enable them to offer appropriate wrap around care for parents of disabled children and legislates that all employers become disability friendly, myself and thousands of other unpaid parent carers will happily join the work force and stop claiming benefits to top up our household income.

Unfortunately it is nigh on impossible to find a job that has hours between 9.30am and 2.30pm and very few places offer childcare for disabled children of secondary school age. There is one place in my city but it's full so I'm stuck until my child reaches the top of the waiting list.

Parents of disabled children have been pushed out of the workforce by the lack of provision for families like ours.

@LavenderHaze19 is the 15 hours free not means tested? However, at this age I think it's so all children get the opportunity to socialise and be school ready! Even now we're seeing a huge amount of children from 'middle class families' not being school ready!

Why would families where one person is at home get 15 free hours. I thought it was only for families where both parents work.

No tax rises on working people, the rest was obfuscation and the whole backlash against any narrative that higher taxes were coming.

Change I believe was the line, not pain. Easy to say tell people it's actually going to be painful now you're in

Ah but you were just lucky though. Remember that at all times when all those ‘unlucky’ ones have their hands in your pocket. They deserve your money; you were just lucky

I’m amazed no one seems fazed that the super rich probably won’t take an equivalent hit, no offence to the poster but they are not part of the super rich. Just not convinced atm we will see the benefits for society as a whole.

Well, nobody knows who will be ‘taking the hit’ yet. This is all stirring and supposition.

Labour were gifted the election because the tories were so bad and well there wasn’t really any other choice under our current system 🙄

'as of January I will have 2 DCs in nursery'
Well surely the fact that this was going to be extremely expensive no wonder who was in power should have occurred to you before now?
The majority of families I know in London have a 4 years plus gap so they only have one child in nursery at a time.

I understand what you are saying OP

its ok to complain about being taxed more, ignore those saying that its not

Some people may not have that kind of luxury… Age, fertility issues etc

Doesn’t Starmer just mean ‘low and middle waged public sector workers’ as ‘working people’

Then they will have to suck up the costs. It's a fact of life,full - time nursery is expensive. Whining about Starmer won't solve it.

I’m doubtful that the tax hits on those earning £50k+ will be better for sorting out the country’s services compared to making the super wealthy just pay proportionally a bit more tax…