Absolutely rinsed in this budget - almost £1k a year worse off.

[Mushroo]

Honestly in despair at this government. On a very high level calc, we are so much worse off!

We both pay a lot into pensions, so the NI change is about £700 a year worse off.

We have an EV car, so based on our 4k a year mileage, it’s about £120 a year. (Although how it will be enforced I have no idea).

Stagnating tax thresholds, probably about £100 a year between us.

Council tax F house (4 bed end terrace, not a mansion, needs renovating). So risk of revaluation after having paid a fortune in stamp duty. We didn’t get first time buyer stamp duty relief because we bought about 2 years too early, and we moved before Covid so no relief there either. So overall we’ve paid about £30k in stamp duty already over our lifetime.

Weve already had the private school hit (which is a separate debate and we’ve accepted that) but wow, we are just being kicked on all sides.

We are classic ‘middle earners’ - earn about £70k each, but have mahoosive mortgage and pay over £2k a month in nursery fees already.

Every measure just seems to have a negative effect on our lifestyle, which is ‘comfortable’ but increasingly squeezed.

It’s actually nine of those things. You said it and and there’s no misquoting. It’s actually YOU who doesn’t like to have their opinion questioned hence the paragraphs of posts so yes I stand by what I said about your judgemental post.

They still got benefits for the 3rd child. Just a bit less. Which is completely fair imo

I agree with you @Benjithedog so many people here are gleeful the high earners are being squeezed

What an intelligent and considered thing to call someone. I haven’t called you names have I? Says everything about you really. And It’s very difficult to misquote someone who actually said it.

Always, but the demand for more is limitless.

Not gleefull at all, wish we had a stronger economy and didn't need to, but if we have raise funds it's right IMO that those that have capacity for it, contribute more, I absolutely include myself in that. I'm worse off but still agree it's the right thing.

Interested... what's your opinion on the solution?

That is what the budget was supposed to do, for high earners like yourselves ( I’m counting combined not separate) paying only 1000 extra a year is not bad really! If you were on 25k household income then yes I would say 1000 extra a year in taxes is terrible

Nusgets shouldn’t necessarily mean higher Taxation especially if the party who devised it gave reassurances that there would be no tax increases as part of theor manifesto. Don’t know if you’ve seen the Sky interview with Keir today but she wiped the floor with him in terms of Labour’s broken promises

Why was it supposed to do that? It was meant to have no tax hikes after the last one.

So should have said Budgets
not nuggets! 😆

What actual ‘income tax ‘ rises would these be then -? As far as I can see there aren’t any . Personally I think they should bang up tax by 2p on basic rate , but raise bandings-

Other rises in budget are on peripherals, I don’t think Labour ruled out any rises on anything at all!!
comcast own Sky and donated to Trumps ballroom, - I did notice they appeared to have it in for Labour from a few years ago and seemed to be awfully pally with the Tory’s and far less bi partisan - apparently Comcast are very influenced by money factors/sponserszetc - sadly far more money to be made on the right . I’m in the middle -

Well they did and it won’t be a suprise when they are not voted in at the next election

These parents are unlikely to spend the money on their children. Will go on drink, cigarettes, drugs, aesthetics.. The children will be no better off

Answer the question - what income tax rises were there? You can’t, because there were not any . Stop trolling hysteria - it’s very clear there is big money out there by the right wing creating the aggrieved agenda rather than actually reporting news and lots of people are gullible enough to be pulled into it too . People like to moan and to be honest I have very little sympathy with lots of them who voted for Brexit and have basically stuffed the country for around 4-6% of GDP , plus given a lot of our more interesting business to the EU on a plate-
I don’t agree with everything Labour do , I want us back in EU/EEA for business/trade reasons-I don’t agree with the 2 child cap being lifted , declaring my hand I vote Lib Dem but I analyse media a lot as part of my job and I know when posts are being created or posted on to create political agitation - you have posted about tax rises but there were none about things you have no choice in ie income tax- the only thing to me that is borderline is mansion tax and re evaluating houses and I’m not exactly in a tizz about that - we rent an F banded house, but nowhere near 2 million and as an end terrace admittedly in a nice area I’m pretty sure it won’t be band G - if it was then it’s cheaper to pay than move if I’m honest. Maybe people will vote differently but as the country has been stuffed by the right wing already in the last 14 years be careful what you wish for - I suspect once he can’t write policies on the back of a fag packet and they need to be funded and balanced he will be shown up for the utter bullshitting spiv he is and nothing will change at all - if the working class think he’s interested in them they are in for a shock , he’s interested in himself

Yes that was the promise! But I meant that Reeves plan when she actually did the budget was to make higher earners, like this poster, pay a bit more tax

It always is. Particularly earners in the op’s income bracket.

It’ll be a negative because more will opt out and behaviour will change. Reeves relying on taxing these people more every time isn’t going to work.

You think having more than a spare £12k net a year to save isn't. I guess you must be one of those MNetters who are high earning then and ignore the realities of what an average wage is before any living expenses are deducted.

Perhaps a survey of who has a spare £12k plus floating around each year should be done.

Omg calm down. Whats interesting in these threads is that I’ve been perfectly polite to you but all you is be aggressive in your reply demanding answers. So no I’m not going to bother to answer you.

Fair. In answer to that question £26bn in taxes have been hiked in this budget after the last one which was a one off. Most of it from banding which means middle earners.

Some people just dont have the same perception of income like the rest of us. Try being a pensioner whose additional pension that was supposed to be giving the safety net is now set to go almost completely on tax. Or the lower wage earner who cant afford to pay into a pension because he struggles to buy shoes his kids need. Who would be better off on benefits but has his pride. My heart does not bleed for you

Well he should be working and providing for his child. No one should be better off on benefits rather than working.

How do i know that your wage is seen by your children? are you more honest the more money you have?

Most benefit claimants work, doing vital jobs in society that you will utilise. I'm a civil servant who in practice doesn't even get a liveable wage. Its madness that i work for the government but they don't pay me enough to live on.

10 years ago I was married, working part time allowing my ExH to forge a better paid career. He then decided he did not want the responsibility of a family and kids with SEN and left. But I seem to be vilified for being the parent that stayed and having to claim UC.

If I leave to get a better paid job (I've tried trust me) someone else will replace me on the same low paid wage and claim UC. I will also lose an above average pension, so how is that good planning. I took this job for the long term benefits, maternity, pension etc.

People don't chose to be in poverty. There are so many nuances that you cant see until you find yourself fin that position. I will be about £10 worse off a month under this budget, I need that £10 but i understand taxes need to be paid.

I have a feeling I need that £10 more than the OP 'NEEDS' the extra money she will be paying in tax. I don't relish in the OP having to pay more.

There is no perfect solution, someone will always pay more, pay less, be advantaged or disadvantaged.

you should always earn more through working than claiming benefits