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.

I'd be double checking Tesla data.

I'm pretty sure it's this guy, [email protected]

The reporting is saying, mileage clocked on mot and submitted to DVLA then bill raised.

Not sure how it works for new cars thiugh as they are exempt mots for 3 years? One big bill in year 4??

To be fair it sounds like OP has bought into a lifestyle she can’t afford, if an increased cost of 1k a year is upsetting her. Private school, nursery and a ‘mahoosive’ mortgage? Over extended, was always going to end badly.

That won’t work. If they link it to that, I’ll just do a lease for 2 years and it’s never MOT’d

But not ridiculously so, not for 2 "higher earners."

Really, what areas are there where the only choice is a £2m house?

We will be worse off due to this budget but the poorest in society should be better off and so that's a positive thing. I'd like to see them do more to tackle inequality but going after the very, very rich and companies to do not pay their fair share of tax. I'd like to see more investment in public services and infrastructure but overall I though it was ok. We are still dealing with the after effects of 14 years of Tory neglect and mismanagement and that can't be fixed at the flick of a switch.

Why are you paying such high nursery fees when you both earn under the £99,999 cap for Working Parent Hours?

A bit of a generalisation there! ‘People on benefits’? Which benefits exactly? My DH is on PIP ( he can’t walk at all or do very much for himself) which increases yearly in April based on inflation. So goes up by a few quid a week. Who is getting £5k extra? UC also goes up by inflation.

Middle earners? Pardon?

Take little Tarquin out of private school would be a start.

You haven't made the strongest argument against this budget. Especially given you are eligible for funded childcare hours.

The only histrionics I can see are the posts from people claiming that the government wants to reduce workers to a state of abject poverty, and the posts relating to hyperbole about benefits.

I'm not sure an increase of £1k on a joint £140k income per annum could really be described as "absolutely rinsed" - it represents 0.7% of gross income.

OP take no notice of the envious and jealous posts. You can bet your bottom dollar of the roles were reversed they’d be saying the same thing. You have every right to feel as you do and this comes from someone who earns no where near that much

The top 10% are people on over 72k.

Yes OP has 2 very decent incomes in their household, but regardless it isn't people on OPs earnings who should be funding the budget changes, it's the super rich.

You are not a middle earner on £70k. We earn similar amounts between us, and will be hit by various aspects of this budget, but would never dream of describing ourselves as middle earners (or claiming to be struggling) because, due to both being in jobs where we experience people who are genuinely struggling, know how lucky we still are!

Op you have young children and a big mortgage. This is the toughest time in your life financially. Its true for everyone.

You earn above average and need to pay your share of tax, remember your kids will cost the taxpayers over £5k a year, each, in state school costs alone. Tax payers are paying for your decision to have kids, and you are one of them. Thats how a decent society works.

You won't be hit by mansion tax unless your house is worth over £2m

Stagnating thresholds doesn't change your outgoings unless your pay rises and you are comparing to if the bands had changed.

The salary sacrifice change is years away

OP is spending her own money. Earned by herself. The people she is giving to, are doing anything but.

Or people could abandon their disabled children and a US corporation will do that WORK and it will cost taxpayers £250,000 a year. Get a grip you’ve fallen for divide and rule

Someone earning £70k a year considering private school is so beyond my frame of reference that I am struggling to believe it’s real

@Mushroo We are classic ‘middle earners’ - earn about £70k each

You are high earners, not "classic middle earners." Please come back to reality.

We’re all funding the budget changes, through a wide range of taxes. The super rich should pay their fair share but so should everyone else. People worse off than OP are also caught by income tax threshold freeze.