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.

This time next year, each department (except Dept for Health and Social Care which is broken) will have published their annual accounts.
Those accounts aren't easy to read if you haven't been around civil service finance but they will show Reeves and Starmer to be liars.
They could fix that by having better accountants, but they won't.
They could improve value for money by managing the civil service better, but they can't as it just waits out the government and does what senior civil servants see fit.
£22 blllion is peanuts in the context of UK government spending. The Dept for Health and Social Care handed back £9 billion of day-to-day (revenue) budget it couldn't spend last year.
Voters need to be able to learn how to understand and judge the performance of local and government, as taxpayers we should hold public servants to account.

A large salary isn't the same as being hardworking.

There are single Mums with 2 kids working full time on minium wage. Just because they earn less doesn't mean they don't work hard. Any the want to heat their homes and fees their kids.

Stick more in your pension to take you under the 100k limit and you'll be entitled to free childcare hours as well.

Very few will be immune from Labour’s tax hikes, including the majority of those who voted for him.

Some of us are able to mitigate - the majority are not.

For those who voted Labour in - own it.

I guess ppl can just have less kids then or none at all… And then we can worry about the declining population and need for immigration…

Would you say the same to someone complaining that their benefits weren’t enough for an additional child? If not, why not?

You may have a point

As for only going for the super rich I doubt he'd do a big pain is coming press conference for such a small group

He wants people to adjust expectations from pre GE ones

Yes, I would! Cut your cloth. But the thread isn't about this, it's about someone with a huge salary who's whining about their nursery fees and scaremongering about tax changes that haven't even been announced.

Lots of posters will come here to say you chose to have children to send to nursery. You chose to buy a house with a mortgage. You chose a better standard of living to pay for.

Plenty of people chose to have more children with no idea how they were going to pay for them. Plenty of people chose to let their housing be the responsibility of the state. Plenty of people chose to mess about at school, fall into a low paid career and need state top ups.

Yes some people have got there by circumstance but absolutely not all. Plenty of people choosing the easy option to cruise through life without thinking about the consequences of their actions. Just same as someone choosing a higher paid career.

You just blamed OP for “nursery fees for children you chose to have.”

The same should be said for children born into poverty. If someone is living in poverty, the easiest way to reduce the number of children born into poverty is….to choose not to have babies if one is living in poverty.

Yeah that's already a thing, last government's legacy.

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

As I've just suggested on the "What are you going to do ...?" thread, that's what planning/accountants are for, @Proseppany

For over a year it's hardly been news that we were going to get a Labour government who'd have little wiggle room due to Tory corruption/mismanagement, and Labour's attitude to private wealth has been demonstrated countless times, so believing that most ordinary folk can manage money far better then any government I'll continue to give most of mine away and keep the rest well out of their reach

exactly. The rest are fair game, Labour don't care about them. Please remember this next time you vote

Something has to give. Various groups have received pay rises already. Government is overspending.

NHS reform is long overdue

I think the main target will be pensions, investments and savings.

Oscar Wilde said

"The best way to enjoy your job is to imagine yourself without one."

Words of wisdom, OP.

But the choice was the Tories or voting the Tories out which meant having Labour in power, that’s the only choice we have in the UK with the current system? It’s just vote for the party that might hit you the least worst rather than the one that will improve living standards for all 🤷🏻‍♀️

With you and do not expect anybody getting shafted again with taxes to remain here.
This is going to be a one term government because it was all lies and betrayal except for the pay rises to public sector ( fair ) and the satisfaction of the people who hates the aspirational as they are a threat to their existence. ( private school VAT lovers and that op asking what is your point ? for example)

YANBU OP. Labour don't care about the law abiding, private sector, tax paying citizens of this country at all. They are effectively serfs to them.

I'd like to think it's incompetence, but I believe they do it deliberately, it's all planned, they know what they are doing, they just don't care. Traitors the lot of them.

There's the not seeing the books and then not being fully aware of how royally under funded and pillaged all the public sector is.

The nhs is in its knees, the police are expected to save millions and yet run about a 40% vacancy rate

Schools are underfunded and teachers are expected to buy supplies and work crazy hours prepping

I am public sector and am happy to pay more tax, I've had a salary real terms decrease for the last 15 years due to tori incompetence and greed.

I would happily go without a pay rise if we could just get more staff, and give the service the public need and deserve.

There is an undertone of those who are high earners work harder and are more valuable than low earners, this is not true

How much do cops / nurses / teachers / refuse collectors get paid and how fucked would the country be without them???

The fact is that if you are a high earner then the system has been favourable as well as your work and dedication as you are able to be in a society where your skills can demand a premium rate.

The fact is there a so many essential skilled workers whose wages hav been cut to allow your tax relief in the previous governments

There needs to be a compromise

Nailed it.

The middle class must do all the paying and all the family planning. How dare they complain?!

Labour will not improve living standards for anyone apart from "Apprentices, teachers, nurses, small business owners, firefighters, those serving our community and our country every day."

Even this will be questionable after higher earners /wealthiest going on quiet strike

Yes poor you with your six figure salary paying for all the same things many others without it do.

If a free ride is so easy stop working and go have one. Except you won't because you know you're talking nonsense.

What annoys me as a relatively high earner who is a single mum is that I’m paying way more tax than a couple would pay and I don’t even get free childcare which I need to pay just so I can work. Also I don’t even get child benefit as a single mum yet if my income was split across two people I would. So I have ti pay more tax yet I have higher costs just so I can work. Very unfair

it seems like an absolutely thankless task sometimes.

Well that’s what I mean, there is no voting for the party who will improve society overall, it’s just choosing the least worst option and even that option is only between 2 parties…