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.

In some area a massive mortgage is the only way to own a home. And the Op has already said that they don’t yet pay school fees and may well not go down that route now VAT has been added.

You sound super jealous that some people have a nice lifestyle.

I hate the attitude so many people in this country have now - beat everyone down, shame people who have achieved anything and race to the bottom. No wonder ambitious professional people are leaving in their droves, it’s poisonous.

Which is interesting, as when you look at the list of the OPs outgoings, it's not an especially extravagant lifestyle.

Wage stagnation in this country is a problem, as 2 "higher earners" should definitely have a bit more headroom in the budget each month.

£2500 mortgage payments 😱

When does the other half of society start making better choices and paying their share?

OP you are seriously loaded. Grow up and stop insulting 90% of the population.

People who aren’t poor are allowed to be pissed off by this budget and to have a grumble about it.

The EV charge doesn't come in until 2028. Presumably your nursery costs will be less by then? Those on £140k who can afford private education and a huge mortgage can afford tax rises more easily than those on the lowest incomes. Our income is less but we are still comfortable and I'm happy to pay extra in taxes if it means those on lower income who are less able to afford it pay less. I would of course like taxes to those on higher incomes to increase at a higher rate too.

If someone shovels shit by night-40 hours a week- for £40,000 a year, why should they have to pay more to subsidise those who don't want to shovel shit or only want to shovel shit for 16 hours a week?

If the 16 hour a week shit shirker then wants to have 3 children, that is entirely her choice but she cannot expect to put her hand into pocket of the person who has chosen to shovel shit for 40 hours a week.

The "children shouldn't be in poverty" is a golden slogan, meant to make the 40 hour a week shit shoveller feel bad about the fact that her children are fine while the shit shirker's children are in poverty.

The answer is-Do Not Put Your Own Children In Poverty. If you were in poverty when you had one, do not have any more...or do, if you fancy it, but don't expect the shit shovellers of the nation to keep you and yours.

Down to you and over to you. No-one feels guilty for your choice and nor should they be made to feel so.

Those 40 hour shit shovellers who have had their heartstrings manipulated can elect to pay more tax.

Anyway, no doubt it will be trebles all round at the Shit Shirkers Arms tonight as they revel in their pay increase.

How is the public sector funded?
Unless I’m gravely mistaken it is funded by taxation and borrowing by the government, with repayments funded from taxation receipts.

The 90% can and do moan all the time. The 10% are allowed opinions too.

I can’t see any budget calculators yet. How is everyone working out how much extra this budget is going to cost then?

Not entirely, I work in the public sector but cover my salary many times over with the income I bring in

You're taxed basically on your privilege and luxury. Which is as it should be.

Why?

Perfectly comfortable yes, but "seriously loaded?"

Really?!

The £2500 mortgage is pretty high.

What does that even mean? You understand this isn’t a communist country yet don’t you?

I guess that Tesla et all will have programmed something into the car's computer that will send annual mileage to the government/taxman at the click of a button.

Yeah, but the budget was today, so speculation has ended. If you’re earning 70k each you are nowhere near being spanked the way 100k+ earners are. I’d count myself lucky in your shoes tbh… I’m not a Labour supporter BTW.

Agree. Absolute rubbish.

I would strongly encourage OP NOT to pay for private schools for 2 children. If they are watching every penny already, it's not going to get cheaper.

Good on you. The more high earning people leave, the quicker those in receipt of free money will earn a lesson.

Their income was £3500 (including benefits) which is the same as my net income on £60k. I saw it with my own eyes.
Their housing costs are lower than mine (private rented for me, social social rent for her)

You're still doing better than 80%+ of people in the country and so much better than those at the bottom of the pile. Count yourself lucky - you don't know what the future holds.