To want a budget which puts young people and families first

[HFJ]

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?

You can look at any group of people with comparable incomes who live differently, it's human nature, some will choose to live within their means and others will live from overdraft to overdraft.

So you would take it to give as unearned income to many who do nothing but take?

Comparable incomes? Yes people spend money differently. Surely that's obvious.

Someone else to give birth for you, save you any pain of stress, maybe the state rears said child, another job palmed off. The list could be endless!

Where is the £128.00 from?

Absolutely. The boomer generation have had the best financial circumstances in history yet are the most angry and entitled.

I'm not quite sure where you think all the money is going to come from OP.

I live in a country where we pay to go to the GP and people don't seem to be dying like flies here. Children get free visits and people on benefits or with high health needs can get lower fees, but the rest of us just pay up.

There definitely needs to be a focus on the young because as you say they are the future & it makes sense to invest in them. However it won’t happen probably because the demographic swing is under way. Portugal are looking at tax breaks & housing policies for the under 35s I suspect more countries will follow suit as they start to compete for younger workers. Best thing to do is emigrate!

Already lost the WFA and the free TVAlicante
Now you want to come for the free prescriptions as well.

WFA is still there if you are eligible. Blanket free prescriptions for the over 60s will be gone in the next decade.

Oh I do love the ageism on MN. It’s the last bastion of prejudice.

Indeed.

I'm over fifty. Shall I just direct transfer all my savings and assets to the account of you and/or your children before I kick the stool away and leave my property empty for you.

I fail to see why you did not add;

1. Euthanasia to be made compulsory for all over 60s.

After all, the future belongs only to the young.

@Gingerlingerlonger - you've got it now! Well done! We also need to completely disregard that single women over 50 are the largest growing group reporting homelessness due to raising the kids, but too old now to still be raising them. However older women aren't something anyone gives a fuck about, because you've served your purpose and need to slink off quietly to the afterlife now. And if you were fortunate enough to be able to secure, having housing, give it up as you don't deserve it.

Except emigration isn't easy now thanks to Brexit!

Except emigration isn't easy now thanks to Brexit!

True but plenty of us are 1st & 2nd gen immigrants ourselves so our dc have it easier.

And if you are the right age & have the right skill set countries outside Europe will be interested in you.

I don't disagree, but it's marginally more inclusive than "working families" which just makes single people or childless couples feel like they don't count.

I'd much prefer to see a budget that supports the single childfree/ childless person for once. Just for once in all these decades give us something instead of taking our money away every single time.

Children and families are always included in the budget how much u more help do you want...til it's all free?!

Id rather hear "working people" than "paid in all my life"

People come up with these, then if the government says 'right we will raise your taxes to pay for it or take a benefit off you' no they don't want to pay for if then

Ok. How?
And children HAVE to be looked after. That's not optional. They can't go out to work and haven't had the chance to save.
And even though people like to say single people have it harder than families I'm actually not sure that's true. Maybe in taxation, but not financially generally. It's not harder paying for 1 person on 1 salary, than, say 4 people on 2, surely?

Are you on drugs?
is that you Liz and Kwasi??
Point 4. This option has been available for years. It hasn't been the case, so please provide the research that suggests the 100s of 1000s of pensioners will be arsed to take this out, findca property and become landlords. What a feckin stupid idea.
Just an easy pop at those you perceive to be rolling around in money in every room of their massive houses
Your suggestions will bankrupt the country

A lot of your ideas are oriented to get people on the housing ladder.

Small problem.

There aren’t enough houses. That’s one thing already fuelling high prices.

The pension lump sum. I have just started drawing down my pension savings, built up over 48 years of working, paying taxes and paying into my pension pot. Yes, I receive tax relief on my pension payments, but a quick calculation on how much tax relief I received compared with how much tax I will be liable for on future withdrawals show that the government win big time on their investment in my pension, due to the growth in the funds value of time. As I have a pot, they also do not have to spend time and money supporting me with housing benefit, council tax relief, and any other benefits that someone who hasn't saved is entitled to. As I have savings, that will go first to pay my care costs if I need them, saving thousands of pounds. If, however, they suddenly cancel the tax free allowance, the damage this will do to the perception that we should all save for our old age will we immense. Why should anyone save to look after themselves if when they need their savings the gov will just dip their hands in and steal whatever they want?
One other change. I would make all freebies such a Taylor Swift tickets, football hospitality, free clothes and free holiday accommodation, classed as income, as indeed are tips received by waiters and milkmen, and taxed at the rate of income tax the recipient pays.