After a long wait. The Autumn Budget is finally here!!! 💰

[Cosywintervibes]

https://news.sky.com/story/budget-2025-raft-of-tax-hikes-expected-today-as-more-policies-confirmed-13475413

Anyone like to join me in watching the budget today?

There are low risk investment options, even these generally outperform Cash ISAs even in the medium term.

I don't think this can be right - so you put money in in about 2014 and by 2019 it hadn't increased at all? I had the same provider and mine grew plenty over that period, are you sure this isn't some admin issue and you've lost out?

Handing back the hybrid, closing my business that’s 5 staff gone I’m going back to uni to work for the NHS. This budget is shite, there goes all our money.

This is making me miss the Toris. What a shitshow.

You can use short term money market funds which you buy like stocks and shares. They currently pay about 4.5% and are almost (99.999%) as safe as cash. I use them in my stock and shares ISA instead of bonds to keep some liquidity and invest in dips.

Oh fuck she fully costed it again. So what increases will there be next year?

Agree, really annoyed about that

Uni will cost you 50k.

Freezing the tax allowances means that anyone on the state pension will pay tax on every penny of extra earnings. So if an OAP takes a minimum wage part-time job, they will only be receiving 10 pounds an hour nett.

Fully costed (yet again!) Also she seems to have pushed some of the increases into 2027/2028. I presume that is to make her figures work out (and they might not ever be implmented)

Agree fuck that. Every time it’s “fully costed” and no more.

I agree. Human factors. I’m someone’s who lost money during the technology crash. With hindsight, my attitude to risk was not sufficient, but I also blame myself, and would never take such risk again. Don’t have enough to “ride” ups and downs for umpteen years, no big portfolio that allows me to do that.

I do think if I was very young I might consider SS but I’d have my wits about me better.

Yes, I was particularly reassured by that...

‘Hey Iocane, wtaf are you doing working instead of popping out more kids? And while i’m at it, why are you saving for your retirement you stupid fuck?’

She's really screwing over young people.

Removal of the 2 child cap is ludicrous to me. I'm totally on-board with getting children out of poverty, but they should have removed the cap for children already born but kept it in place for any new ones.

We will now go back to how it used to be, a way of life. People having child after child so they don't need to work and get paid for doing so. Those children will repeat the cycle and it's never ending.

Well if the Renters Reform Act didn’t fuck the rental market, the additional tax on income will. We are planning to sell our rentals as each comes to the end of current tenancies, so fewer places for young people to live. Brilliant.

There was a young woman on the news this morning saying she hopes the 2-child cap would be lifted as things were a bit tight for her 6 kids.

Why am I working FT and now paying more under this budget to support her and her 6 kids? This is not right and I am sick to the back teeth of it. I can only afford 2 DC, and I have to pay for other peoples children.

But that’s the whole point, ‘with the economy as it’. More investment will help. Where does anyone expect change to come from?
Also, long term is a subjective thing, my long term is 10 years. I don’t think that’s unreasonable.
I agree with you about need for education and proper oversight but maybe this is the starting point.

Adding properties to the market is not taking away properties from young people. Much the opposite

£30bn in tax rises and increased benefits. Definitely Labour.

More for them to buy.

I haven't looked at the detail but presumably can also still invest in bonds (fixed income) which are in the middle of cash and shares in terms of risk/return.

Which may well end up paying care home fees i.e. back in the economy.

Not in the grubby hands of the government to spaff up the wall on god knows what.