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?

They could bring back tax relief on mortgage interest for first time home owners, and have a government backed guarantee on say, 10% of the loan to enable would be buyers get a 100 % mortgage on a property. If the housing market dips and a house is repossessed this would reduce the banks exposure to loss. This would take away the two main blocks on house purchase, building up a deposit and the cost of the mortgage. Have a realistic stamp duty threshold, or switch the way stamp duty works by having the seller pay it, not the buyer. . The big problem to making houses easier to buy, is that it tends to put the prices up., so any stimulus may be counter productive.

A lot of children these days genuinely believe that they can change sex, want to order every meal from just eat/deliveroo and think designer labels are the bomb. These children would starve after having a giant sugar crash on payday and be naked apart from a north face coat, plouise lip oil and and pair of knickers fashioned from a collection of haribo bags and a wad of Maccies serviettes.

Children already get their school paid for, breakfasts etc. Childcare and so on.

Single people need better support when they fidn themselves redundant and not what is available today is often not available and not enough. If a family was homeless tomorrow they would at the top of the list for help but a single person would end up on the streets.

Single people are taxed and pay for every other group and hand over more every year to fund them meaning they have less for their own needs. And all we get for it is measly 25% single person discount. Whoppeee.

How about there is enough help for families and children and it's time to say thats it no more you get quote alot of help already.

Children get school paid for but so did those single people (and everyone else)so that's fair. Not sure what you mean by breakfasts??
Everybody - except for children as they have no income - are taxed and pay for every other group. Why exactly do you think you pay out more per year than anyone else?

Also I've just seen you say they get childcare paid for!! Hahahahahahaha!!!
Are you serious? Fulltime childcare can be more than 1 persons salary, especially if you have twins! So then you have 1 salary left to cover 4 people's living costs.

I would like an increase in child benefit. A significant one. It doesn't last long.

Most childcare is paid for by the parents. The free childcare is a measly amount. You benefited from free education too. You aren't seriously jealous of that are you??

And no there isn't enough support for families. If there was they would have not implemented the two child capable on benefits which has plunged families into poverty.

They could bring back tax relief on mortgage interest for first time home owners,

Ah yes MIRAS, always forgotten in the debate about high interest rates!

Children already get their school paid for, breakfasts etc. Childcare and so on.

Well yes, education is free because it benefits the country to have an educated population. Did you not attend school? Have you been a child once?

Breakfast & childcare is not free! 😆😆

I would like an increase in child benefit. A significant one. It doesn't last long.

It should be universal, like it used to be.

It can't be though really whilst pensions are universal. There just isn't enough money to go round.

You'd get help via universal credit if your income is that low?

To me putting young people first isn’t around tax incentives to get on the housing ladder and is more fundamental:

• education properly funded
• children’s centres, social services, EdPsychs etc. all properly funded
• College and uni lecturers properly funded so students have in-person, quality higher education
• Proper apprenticeship schemes offering a range of career options
• etc.

People may never be homeowners for a variety of reasons and that is not a benchmark of ‘having achieved’. We can give them the best start at least.

I do hence why I mentioned the cap. It isn't a great deal.

It can't be though really whilst pensions are universal. There just isn't enough money to go round.

Pension age will keep moving out so they won’t be universal in reality though.

It’s deeply unpopular but people will need to start paying for care in the home as opposed to just paying for care if you need to go to a care home.

I think ideas to help all people buy their first home are good ones. They wonder why people stopped having children? Well most of my friends (mid to late thirties) are living in shared houses. Hard to have a family whilst living there! Private flats and deposits are completely out of reach.
I looked at a house to rent. We had a combined income of 4K a month, house was 1.5k, they wouldn't rent it to us. Said we wouldn't have enough disposable income left!

@Mlanket they do. You pay a percentage of your care costs, and if you have over 16K in savings, you pay it all.

There does need to be more support for young families but this isn’t the way about it imo. I’d focus on maternity/paternity support, lowering childcare costs and flexible working.

everyone in society is important and we should cater for different needs. We also need to support people having children as they will be the workers of the future

@Jollofoldmaninaredsuit Im aware of that, I meant housing would need to be included in the assessment as opposed to just savings.

Yeah this is an important point too.

I think more social housing, with focus on key workers and help for people to buy their first home… where did help to buy go?!

There shouldn't be a £10 charge for doctors. If there was any people would avoid going because they carnt afford it which would lead to cancer not being detected and other serious health conditions which could have been prevented if picked up early. Scrapping free prescriptions for retired people would put people in a position where they carnt afford the medication. My father needs 8 prescriptions a month to live, my mother 5. They already struggle, your suggestion OP is inhuman.

As an old person coming up to state pension age I would like a budget which puts old people first. One which recognises the length of time they have been working and paying taxes and National Insurance. One which recognises that older people often cannot do what younger people can do and need more help.

It is quite normal to want more money/benefits etc. for the age group that you are in, or which your children are in. I am old, my children are not young. Of course I want a budget that suits me.

Having said that - actually I want a budget which is fair for everybody.... If that is possible.

https://schoolsweek.co.uk/falling-rolls-the-true-cost-of-declining-school-populations/

The government really needs to look at the school funding model as it’s based on head count.

Scrapping free prescriptions for retired people would put people in a position where they carnt afford the medication. My father needs 8 prescriptions a month to live, my mother 5. They already struggle, your suggestion OP is inhuman.

Would the annual certificate be unaffordable for them?