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.

💯 a complete joke and farce

Oh my heart bleeds for those earning over £100k. What a terrible government to want a more equitable society; to stop the rot which has caused a huge health crisis - physically and mentally. Why can't those that have all the opportunity and the skills be allowed to profit from their unfair advantage?

Boy, I wish our country was more like Sweden, that strives to have a decent quality of life for all its people rather than a country-led by selfish, narrow-minded ME ME ME and The Money is Mine types.

Money makes momey. Huge inheritances, a hike up , a helping hand, the Old Boys network, the confidence that goes with first rate education . Its a massively unequal mess. Social mobility is no more.

No I don't feel sorry for OP.

So... you want to punish children just because you hate their Mums? Nice. Nursery from age 2/3 provides so many learning opportunities for toddlers. If that option was taken away then many parents either couldn't afford to send their children or wouldn't spend the money on it even if they had it and those children may not be getting the same learning and socialising opportunities at home.

i'm struggling to have less kids, apparently they don't do returns where we are from.

100% this. I wonder what is the proportion of those receiving benefits because they fell onto hard times and couldn’t maintain their standard of living, vs those that just had more children because they wanted them with no thought for how they were going to feed, house or clothe them?

My DH and I earn just under £100k combined and couldn’t realistically afford more than 2 DC if we are being sensible and maintaining a reasonable standard of living so it astounds me when I see people with 3+ relying on state support to pay for them.

No, 15 free hours from 3 is universal, regardless of earnings and regardless of whether both parents work. So you could have a family where one person earns £1million a year and the other parent doesn’t work, and they’d still get 15 free hours a week from age 3. And providing those hours increases the fees for people who do have to pay them.

30 free hours from 3 is only for working parents earning under £100k each, as are the new funded childcare hours (going down to 9 months I think). But 15 is for everyone.

I work for the NHS. I will get a 5.5% payrise. And I fully expect SirKoer’s tax grab to cost me a hell of a lot more than the payrise I’m getting, because I dare to have savings. I cannot stand the man.

Sweden takes far more tax from lower and middle earners than the U.K. does. They’d be relatively a lot more affected than the £100k plus earners if we suddenly moved to that model.

Still wish we were more like Sweden?

Add to that housing benefit, free prescriptions and dental treatment ( if you can find it of course) not having to pay council tax, free school meals, free funded nursery hours (not not just for those on benefits) . etc etc - and I think you will see why for some, work just doesn't pay. And of course going to work involves getting up on time and doing a job that you may not enjoy. Much nicer to complain you have a bad back and play video games all day

I don't mean YOU personally, I'm sure this is not your position, but there are literally millions of people who have opted out of bothering to work for a living

So do you think People on big salaries like yours shouldn’t be taxed anymore and make those on lower salaries foot the bill instead?

I’m amazed no one seems fazed that the super rich probably won’t take an equivalent hit

they never do, and i really think this budget is going to be painful for everyone

Where did I say it should be taken away or that I hate their mums? I said it should be means-tested, like the other childcare hours are. I don’t think it’s unreasonable to expect SAHPs with wealthy partners to pay for their children to access those opportunities, is it?

Well I think there are many people struggling with fertility who would love to adopt a baby!

If you don't get it, then perhaps you need to read it again before posting.

Free dental treatment don't make me laugh. I've been eligible for free dental treatment since 2020 when I had my first baby and still can't get one. I've paid private once since then but I genuinely can't afford it so my teeth have gone unexamined.
I also pay council tax at 90 a month. Even though on full UC.
Do you read the Daily Mail by any chance?
And I worked full time most of my adult life, I can't afford to go back to work at the minute as I have no childcare and can't afford it. It's a brief period off and people like you make me feel like scum of the earth. Cheers.

@increasinglyconcerned you'll get your arse handed to you posting this. You are not supposed to aspire to do, or want, better. You are not allowed to have what others don't have, even if you've worked hard to get it. If you earn over minimum wage, you are supposed to hand it all over for the greater good. You obviously didn't get the memo.

No, 15 hours from 3 isn’t means-tested - it’s for everyone, regardless of whether they work or how much they earn. So as per my previous post, even families where one partner earns millions and the other stays home are eligible.

The other funded childcare hours are means-tested though.

😁👏👏👏

No it isn't unreasonable but the point I'm making is that some wouldn't. They'd just stick their darling toddler in front of cocomelon all day and spend the money on something else

i'll put it forward when I get home and see if there are any volunteers.

How is being a single mum who has to work long hours just to earn a fairly average household income “unfairly advantaged”? Why should I have to pay for childcare that a two parent family on the same income would get free? How is that more “equitable”?

If you’re still getting full uc you can’t be working very many hours. Why do you think you’re working harder than someone working full time?

Why do you think it’s ok to shame people who are net contributors?

I do not read the Daily Fail. And £90 council tax is a fucking steal. I pay £350 / month. and mortgage , and the rest.

I'm not objecting to paying 50% tax on every penny I earn ( because that's what is); I'm objecting to be regarding as some kind of cash cow who should pay even MORE because 'I'm rich' - I studied for 8 years and didn't earn a decent wage until I was fully qualified at 35.

I did it because I believed I could provide a decent standard of living for myself and my children ... and now I'm a cash cow for many, many people who have a much better standard of living than I do having rarely / never contributed a penny to the society that benefit from.

Haven’t RTFT all the way through because I can’t stand the deliberate misinterpretation of what was said. If you read beyond the headlines it is clear that they are looking at increasing Capital Gains, Corporation and inheritance taxes. Not income, VAT and national insurance.

The Tories squandered hundreds of millions on dodgy contracts for mates like Michelle Mone and let public services decay to the point of collapse.

If we want a health service that works, schools that function well and proper support for the poorest then we need money to repair the damage.

Are you suggesting that we just let these services disappear so that tax don’t have to increase at all?