Gransnet forums

News & politics

Budget today

(35 Posts)
Cossy Wed 28-Oct-26 14:23:30

Any comments, positive and negative.

From what I’ve see , fairly nothing either way, almost as usual.

Welcome the gas standing chargings and some of the very modest changes.

Happy with the bus cap of £2 being nationwide (again),

Some good things continuing like VAT on electricity stating for a further period, fuel duty cap continuing for a short period, good increases in minimum wage for over 21,s.

I’d say a fairly cautious and sensible budget but nothing particularly exciting.

Though I applaud any attempt to help cost of living and it’s seems on the surface our economy isn’t as dire as it could be.

Any thoughts welcome.

FigsandGrapes Wed 28-Oct-26 17:47:30

Tax Thresholds frozen sìnce 2021 and STILL frozen.

Is this a clumsy joke?

Fallingstar Wed 28-Oct-26 18:09:25

A budget that hasn’t got any unpleasant shocks and helps with the rise in energy prices. Overall so far so good.
As for helping out with energy bills for households between council tax bands A - D, any means of calculating this would cause some to complain but I think is a broad stroke that aims to help those in less expensive houses, assuming that those who live in higher bands are on higher incomes in order to afford mortgage repayments and higher bills on such properties.

PollyEsther Wed 28-Oct-26 18:12:19

Doodledog

Yes, that's always a tricky balance. I think rent and childcare need to be sorted out first, so people aren't spending such a high percentage of their income on those.

The Chancellor has kept the Local Housing Allowance freeze for Housing Benefit, which will mean the gap between rents and Housing Benefit will continue to increase.

He's also chosen not to tackle the issue of higher earners receiving in effect a higher tax "gift" on pension contributions, which could have raised billions.

I think it's an underwhelming and disappointing budget.

Cossy Wed 28-Oct-26 18:19:14

I dearly would have loved to see some things frozen, unfrozen and increased to reach sensible levels based on today’s economy and cost of living,

MaizieD Wed 28-Oct-26 18:23:49

Chatgtp estimates that weekly 'savings' from the Budget measures could be between £1.35 and £3.45, depending on eligibility criteria. I don't think those with a DI of minus £73 per week are gong to be terribly thrilled. It's not exactly a Lottery win, is it?

Casdon Wed 28-Oct-26 18:28:12

I think what it’s done is bought time. There’s nothing very controversial or challenging in it for the average taxpayer, so the government will be left to do the other stuff on the agenda without a furore. Whether that was the right thing to do I don’t know, but I understand why they did it.

Jaxjacky Wed 28-Oct-26 18:39:24

Thanks Cossy when I rented the landlord paid the council tax, hence my confusion,

Chocolatelovinggran Wed 28-Oct-26 19:09:27

MaizieD, that is a very interesting way of looking at income. I haven't seen it before, but it is certainly thought provoking.
Thank you for introducing it to me.

Graphite Wed 28-Oct-26 19:20:19

This:

Impact on households: distributional analysis to accompany Budget 2026

assets.publishing.service.gov.uk/media/6ae1850f16428df53760627d/Impact_on_households.pdf