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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To want a budget which puts young people and families first

385 replies

HFJ · 28/10/2024 19:59

In advance of an upcoming budget that will likely hammer working people (again, despite the rhetoric), I’m consoling myself by imagining my own budget. You’ll notice a theme. This is because I believe young people and families are the future, deserve to have hope, aspirations and goals. Please feel free to contribute.

  1. The first 5 years of young people’s full time earnings to be tax and NI free. This would enable all to save for a house deposit, rather than only the few who inherit. Imagine the incentive to work hard!
  2. No increases to any tax that primarily affects working age people, including fuel tax (because working people need fuel to go to work)
  3. No stamp duty for young people and those with children under 18. This enables them a fairer chance of buying property rather than have to compete unfairly with cash buyers
  4. Complete removal of the pension tax free cash allowance. This is because 100s of 1000s are poised to take their 25% lump sum and plough this into the property market (tbf I think the gov has got wind of this, hence the landlord tax changes)
  5. instead of massive increases to NHS budget (which does not really benefit the young or families), a £10 charge to see the doctor, so people start to take ownership for their health
  6. Removal of the free prescription for over 60s. Instead, use this money to bring back the school nurse and perhaps even school dentist visits

Any other ideas?

OP posts:
LunaTheCat · 28/10/2024 20:03

I don’t think that you can pit age groups against each other..
there are some very needy older people still renting and in dire circumstances.
A budget has to be for everyone.

midgetastic · 28/10/2024 20:07

Why not do in England what they do in Scotland and wales and give free prescriptions to everyone?

You know - lift everyone not just one group

After all I would feel rather peeved if I was to lose out financially to a kid who went to private school, parents paid their uni fees and enabled countless foreign holidays , who then received huge donation to buy their first home from those wealthy parents ...

Look after everyone please , stop putting people against each other

MrsTerryPratchett · 28/10/2024 20:08

No stamp duty for young people and those with children under 18.

That's probably the vast majority of home buyers. It's all very well not wanting working people taxed, but working people are the people with income to tax!

Ozanj · 28/10/2024 20:19

HFJ · 28/10/2024 19:59

In advance of an upcoming budget that will likely hammer working people (again, despite the rhetoric), I’m consoling myself by imagining my own budget. You’ll notice a theme. This is because I believe young people and families are the future, deserve to have hope, aspirations and goals. Please feel free to contribute.

  1. The first 5 years of young people’s full time earnings to be tax and NI free. This would enable all to save for a house deposit, rather than only the few who inherit. Imagine the incentive to work hard!
  2. No increases to any tax that primarily affects working age people, including fuel tax (because working people need fuel to go to work)
  3. No stamp duty for young people and those with children under 18. This enables them a fairer chance of buying property rather than have to compete unfairly with cash buyers
  4. Complete removal of the pension tax free cash allowance. This is because 100s of 1000s are poised to take their 25% lump sum and plough this into the property market (tbf I think the gov has got wind of this, hence the landlord tax changes)
  5. instead of massive increases to NHS budget (which does not really benefit the young or families), a £10 charge to see the doctor, so people start to take ownership for their health
  6. Removal of the free prescription for over 60s. Instead, use this money to bring back the school nurse and perhaps even school dentist visits

Any other ideas?

  1. There are currently under 18s with trusts that pay their school and uni fees. Tax absolutely has to be charged to children otherwise people like me would just use trusts to pass money onto our kids early and avoid all taxes.
  2. Working age is 16-70. You can’t freeze taxes for all these people forever. In fact things would be a lot easier for everyone if we went to a Scandinavian model and got rid of the ‘tax allowance’. All income should be taxable on a tapered basis.
  3. Again too broad. By your logic I wouldn’t need to pay stamp duty until my late 50s.
  4. The average pension tax free allowance is under £10k as most pensions (ie the average pot size) is under 40k total.
  5. I agree GP visits should be payable. But if they were it would impact young people the most and you’d see even more cases of preventible cancers etc being diagnosed for the first time on the ‘deathbed’ in this age group.
  6. Disagree massively. Children should have their medical and dental needs managed by parents and where they’re incapable it should become easier for social services to remove them permanently.
viennawaitsforyouu · 28/10/2024 20:22

I would do away with mainstream schools and implement homeschooling instead with tutors and an informal learning approach
free travel for children and teenagers
i would give benefit money to children and teenagers so that they can buy their own clothes and food and anything they need incase they’re being abused
i would create homeless shelters for runaway adolescents
i would also create separate living areas for those with antisocial behaviour so they’re not bringing everyone else down

GOODCAT · 28/10/2024 20:26

Disagree entirely. It needs to be fair to everyone of all ages and wealth levels and whether people have children or elderly relatives or not.

SnakeP1ant · 28/10/2024 20:28

HFJ · 28/10/2024 19:59

In advance of an upcoming budget that will likely hammer working people (again, despite the rhetoric), I’m consoling myself by imagining my own budget. You’ll notice a theme. This is because I believe young people and families are the future, deserve to have hope, aspirations and goals. Please feel free to contribute.

  1. The first 5 years of young people’s full time earnings to be tax and NI free. This would enable all to save for a house deposit, rather than only the few who inherit. Imagine the incentive to work hard!
  2. No increases to any tax that primarily affects working age people, including fuel tax (because working people need fuel to go to work)
  3. No stamp duty for young people and those with children under 18. This enables them a fairer chance of buying property rather than have to compete unfairly with cash buyers
  4. Complete removal of the pension tax free cash allowance. This is because 100s of 1000s are poised to take their 25% lump sum and plough this into the property market (tbf I think the gov has got wind of this, hence the landlord tax changes)
  5. instead of massive increases to NHS budget (which does not really benefit the young or families), a £10 charge to see the doctor, so people start to take ownership for their health
  6. Removal of the free prescription for over 60s. Instead, use this money to bring back the school nurse and perhaps even school dentist visits

Any other ideas?

An increase to the nhs budget would help my dc who are stuck on very long waiting lists and struggling massively as a result.

Tumbleweed101 · 28/10/2024 20:28

A budget that looked at helping youngsters with housing would be amazing. Especially those who won't inherit or have family financial support.

I have a 24yo in full time work who can't afford to rent or buy on a single wage. Even a studio here is over half her wages if privately renting. I have a council property and have raised her on a low income as a single parent. I have nothing to give her to help her. I love her being here even though we clash on how we want the house to be but I'm also sad that she's still stuck with a parent and unable to start a life of her own.

Dreamingofgoldfinchlane · 28/10/2024 20:30

midgetastic · 28/10/2024 20:07

Why not do in England what they do in Scotland and wales and give free prescriptions to everyone?

You know - lift everyone not just one group

After all I would feel rather peeved if I was to lose out financially to a kid who went to private school, parents paid their uni fees and enabled countless foreign holidays , who then received huge donation to buy their first home from those wealthy parents ...

Look after everyone please , stop putting people against each other

Wales is not 'lifting' everyone - people are literally dying because one health board has been in special measures for the best part of nine years. Healthcare inequalities in Wales are truly appalling.

wonderstuff · 28/10/2024 20:31

I think increasing the bus fare is a terrible idea. Potentially £10 a week extra cost to those who are likely to be among the poorest in society. Maybe more. It won’t get a lot of press attention, but it’s a 50% increase overnight.

onlyk · 28/10/2024 20:31

A higher personal tax allowance so people have an amount they can live on before tax ( benefits pensioners, part time workers and people on lower wages) and start the higher rate lower to compensate. People on low incomes wouldn’t then have to rely on benefits as much.

username1478 · 28/10/2024 20:33

I would go further:

  1. A supermarket sweep once a week where young people can get whatever they want for free.
  1. If you're over 50, young people can kick you out of your house as you're old.
  1. All old people (over 50) have to crowdfund for overseas holidays for young people as they're the future.
  1. Free coffee at all cafes so young people are alert enough to create the future
DaniMontyRae · 28/10/2024 20:34

So I should pay stamp duty (c.10k on a terrace home in my town) because my ovaries don't work properly? Fuck you. Already having to pay tens of thousands on ivf if I went that route then more on stamp duty. Can't decide if you are heartless or just thick.

Oh, and I'm not a cash buyer. Not even close. But someone with kids could well be.

MeowCatPleaseMeowBack · 28/10/2024 20:35

With this depth of thought, you could have been part of Liz Truss's cabinet. What a waste.

Mademetoxic · 28/10/2024 20:35

Sod the kids, there are other needy people around too.

Christmaschristingle · 28/10/2024 20:35

Why not just raise the threshold when tax kicks in to a livable level? Minimum 15 grand maybe 16?

That would instantly target the lowest paid no matter what age they are.

TwinklyAmberOrca · 28/10/2024 20:37

If you make people pay to see a doctor it'll put people off going for things that could have been fixed more easily if they'd gone earlier but waited until it got really bad.

In some countries you pay to see a doctor then can claim it back.

Those on high incomes often don't bother claiming it back. It also is more likely to deter time wasters as if you don't turn up you can't claim it back (unless you had a very good reason)

Miley1967 · 28/10/2024 20:37

Things are just dire for young people aren't they. I have two at Uni, their loans don't even cover their accommodation and one cannot get a job, nowhere wants to hire him for half a year in his Uni town. It's depressing. DS1 is doing ok on 30k a year and his gf on 40k but they can't afford to buy in the area they live in. My NHS lump sum will be divided between the four of them to help them onto the housing ladder, so I hope I don't get taxed heavily on it.
I really would like to see a budget which helps younger people.

InformEducateEntertain · 28/10/2024 20:39

A Logan's run setup with everyone over 50 being euthanised would effectively shift the focus back to the young.

That or a punitive tax on mobility scooters, wheely shopping bags and those walking sticks with little feet.

Moier · 28/10/2024 20:40

You do realise that Stammer and the labour party is in power?
You're not ever ever going to get all that.
He's only out for his own gains.
Made false promises in the run up to the election....my family and friends who voted Labour are all now regetting doing so.

WestwardHo1 · 28/10/2024 20:41

That bloody phrase "working people" again

All it's doing is stoking class wars as people squabble about whose money making is more worthy

MeowCatPleaseMeowBack · 28/10/2024 20:43

InformEducateEntertain · 28/10/2024 20:39

A Logan's run setup with everyone over 50 being euthanised would effectively shift the focus back to the young.

That or a punitive tax on mobility scooters, wheely shopping bags and those walking sticks with little feet.

50 is a bit generous. What does a 49 year old have to offer society except an inheritance for Young People? They can't even produce more Young People. Total wastes of space.

Wn38475 · 28/10/2024 20:43

I don’t agree at all. Parents need to take responsibility, rather than expecting the state to look after them.

PandoraSox · 28/10/2024 20:46

Moier · 28/10/2024 20:40

You do realise that Stammer and the labour party is in power?
You're not ever ever going to get all that.
He's only out for his own gains.
Made false promises in the run up to the election....my family and friends who voted Labour are all now regetting doing so.

Who do they wish they had voted for?

InformEducateEntertain · 28/10/2024 20:47

@MeowCatPleaseMeowBack well in Logans run it was 30. Maybe we should go for that. Would mean you could flip all those houses that the government had just helped The Young to buy.