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?

And that’s fine. Nobody is forcing people to invest in stocks and shares. Just giving an additional tax incentive for people to do so.

It’s only relatively recently that the full ISA limit could be used for cash anyway.

What sort of period is medium term please?

Stupid question…what does this mean?

That the savings/income generated is already earmarked to be spent elsewhere so not actually helping the deficit/debt?

God forbid they fund the NHS.

When did she say this takes affect? The removal of the cap? April 2026?

Didn’t they do that when the cap was originally introduced?

This isn't because of the budget though - you said in the summer you were going to be studying radiology at 50. More power to you, sounds like a great adventure and I've genuinely considered doing something similar myself.

But we keep being told they can't afford to buy them? They get brought up by investment funds.

I think it’s what you need it to be, I don’t admit to be an expert. My long term is 10 years, but I have a mix of low, medium and higher risk funds because I want the best return I can in 10 years.
If you wanted to just go with low risk investments your long term would need to be longer than mine because the rate of growth is lower than higher risk.

I need to go through it with a fine tooth comb but it feels less bad than what I was expecting.

Some things I’m not particularly happy about esp the 2 child benefit cap removal but could have been a lot worse.

Do you know how much is spent on the NHS?

I agree with this. I’m sure there will be some details but overall doesn’t seem as bad as I thought it might be.

I may be an outlier, but I’m happier with tax thresholds being frozen than an immediate tax increase.

As women have been disproportionately negatively affected by the 2 child benefit cap along with the children they are often left caring for while the father is free to have more children with a new partner, I would hope its abolishment would be welcomed on mumsnet. With have an aging population and falling fertility rates, the lowest ever. We don't need to discourage people from having children, let alone at the expense of children already born in circumstances they - the children - have no control over.

The kind of young professionals that rent my flats are in no position to buy them - either due to inability to save for a deposit or their careers / personal lives are such that they don’t want to buy yet. Where are they supposed to live?

Not really - unless they can live with parents for a while (which isn’t feasible for many with careers in large cities), the extortionate rent eats into any savings. Rental houses going on the market just makes renting more competitive, and forces renters out of the areas where they work or their children might be at school.

I don’t know why the government haven’t introduced a 0% mortgage for renters, with mortgage capacity based on length they been renting, monthly rental costs and their reliability for making rental payments. Most renters pay more in rent than they would on mortgage repayments.

Exactly this which is why a two child benefit is irrelevant. Those type of people do not make decisions in the same responsible way that you or I might. They will have them regardless so you only hurt the poorest children with a cap.

In which case they’ll still be in the rental market. There’s no down side.

The NHS needs a complete overhaul - this is where they could save billions and improve the front line services.

With what?? My tenants are exclusively young professionals. It’s well documented this demographic cannot buy in the current market without hefty help from the bank of M&D. In addition many don’t want to buy as they are not ready to settle in one location. It’s this demographic that will suffer the most.

She said last year the plans were fully costed and there be no more tax increases. She as shown zero ability to cost anything. If anyone in the business budget that badly they would be out.

What they need to do is to go after absent parents, this is not necessarily going to increase the number of workers in the future by the amount that are 'paid' for.

In some ways there is upside. Professional landlords are typically more compliant than lots of individuals.

very naive

Totally agree that rental records should be taken into account by mortgage lenders - it’s madness that this counts for nothing.

watching here. No comment on her politics but Nus Ghani is kiccking arse