How much better or worse off are you after the budget?

[MrPants]

According to this site Chez Pants are just over £200 better off per year. How did your family fare?

We will be £283 better off.

Except for the fact everything is getting more expensive- food, bills, life, and the budget calculator obviously can't take this into account.

So glad we don't smoke, wish I could cut back on driving but I try to combine journeys as much as possible (get milk on the way home from work for example) and have pretty much stopped random weekend driving.

£277 better, but it didn't ask if i as self-employed, just asked for my income, which is still £0 cos of losses carried forward.

(cos of NI)
It obviously doesn't care about inflation.

£138 a year worse off, due to losing CB. Massively offset by me gaining from the increase in tax threshold as I am a low earner. My DH has a good job and I do not object to losing my CB.

We'll be the same, as far as I can tell, not affected by the income tax changes at either 'end', we don't drink or smoke, hardly ever drive, and don't have children.

We will not get CB in the future though, which I had assumed we would.

You also need to remenber the changes in TCs from last years budget as this will make a lot of people much worse off. The additional tax allowance will not even get near to making up that shortfall.

Just done the calculator and we are about £250 better off.

£171 better orf.

CB stays the same for us, we don't drink or smoke, we're worse off with fuel but as we only use £20-30 a week (low mileage family car and commuter motorbike) fuel the tax cut helps us out.

£375 worse off apparently! I think its due to tax credits...

£600 per year worse off according to the calculator - due to not getting CB for 3 kids. Not sure either why we're not even worse off.

We are £300 better off and we will be able to buy our council home for a song :)

£425 worse off.

We lose TC, dh will gain a wee bit in tax.

Fucking tory bastards.

321 pounds better off. Nice :)

£523.00 better off.

My Carers allowance and DS's DLA are going up next month too.

We are down as £347 worse off.

But thats only because the child benefit changes only 3 months of the year. You can almost multiply that by 4 for the following year.

"It obviously doesn't care about inflation."

Inflation has been coming down steadily the last few months due, in part, to reduced prices from utility companies. I'm apparently £35/year better off. Most people seem to have gained.

Wow - £635 better off this year. I have to see it to believe it though!

Inflation has been coming down.

Probably what i should have said is that it doesn't care about the rising cost of food etc.
Those items that aren't in the inflation shopping basket...
Or rather, the real cost of things because inflation is a bad way of calculating that.

never realised the basket was so full

£300 odd better off apparently.

of course (i will shut up soon, i promise), what it doesn't seem to take into account is that most of the items (non-food) will be made overseas, which artificially puts the cost down. Meaning, that if we made stuff here ,and people actually bought it, then the prices would be higher - but conversely, there will be more people employed in the industry, which means that the GDP would be going up too, and the level of unemployment would go down.
triple whammy.

I'm really surprised at how many people are saying they will be better off?

Why are you surprised Chipmunk? With the personal tax allowance increasing, that means all earners are going to be able to earn more before they start to be taxed. Before doing the calculation, I hadn't realised NI was coming down a bit for us too.
Thanks for the link to the calculator MrPants - really helpful.
Oh, we'll be £289 better off according to that, although I personally think the costs of everything will go up because of the fuel duty going up, so it's not just my fuel costs that will be up, but all the products - food and everything - that I buy from the shops.
Still, nice to know it's slightly more money in hand to start with even though it will be offset with inflation.

It's telling me I'm losing my tax credits, I earn 30k (divorced two dcs no maintenance)

I thought the tax credits limit was under 32k???

Please tell me I'm not losing them :(

£1,007 worse off.