Budget Calculator

[JohnD]

There are usually online budget calculators, to tell you how you will be personally affected by the changes, according to your age, income, spending patters usw.

Often on websites of Sunday papers and similar consumer-oriented publications.

I haven't see any yet.

has anyone got a link they can add?

 

[JohnD]

no calculator on these links

but summaries of changes
(some may be subscriber-only)

https://www.bbc.co.uk/news/topics/cme03g441l4t/budget-2021

https://www.which.co.uk/news/2021/10/autumn-budget-2021-what-will-it-mean-for-your-money/

https://www.ft.com/content/fd3f49f4-bded-4fa5-9a54-bea79651ade0

https://www.ft.com/content/af5cfe1f-e32d-4009-bfa8-b9344d600dc4

income tax and NI calculators

https://www.which.co.uk/money/tax/tax-calculators

personal inflation calculator
https://www.ft.com/content/f64aeab4-b29b-11e8-87e0-d84e0d934341

Inflation forecasts
https://www.bbc.co.uk/news/business-59062392

 

[JohnD]

Ah, here's one.

https://inews.co.uk/news/budget-202...t-mean-how-much-pay-checker-explained-1271743

looks like I will be a bit worse off on the car.

 

[JohnD]

bit of comment from inews

"Concerns have been raised over the impact of the Budget for lower-income families, its confused policies on tackling the climate emergency, and whether the spending boost is enough to offset a decade of low funding for local authorities.

What have the experts said?
The IPPR said this budget “failed to reset the economy and put it on track to a more prosperous, low carbon and fair future.

“The recovery is still remarkably fragile and subject to great uncertainty, with the IMF forecasting greater permanent damage to the UK economy than countries like the US that have invested more,” Carys Roberts, IPPR executive director, said.

“This should have been a moment to secure a strong, long-term recovery and a fairer economy with a major stimulus package focused on green industries, fixing the care crisis and redressing a decade of underinvestment in public services.

“Holding back now is being reckless with our country’s future: to be sure of an optimistic future we need to invest more.”

The End Fuel Poverty Coalition said “this Budget has plenty for champagne swilling, jet-set bankers.”

“There is nothing for people facing the choice between heating and eating this winter,” the spokesperson said. “The Chancellor’s cold words for people in fuel poverty will be heard in millions of households across the country.

“Coming on the back of the pitiful Winter Support Fund, revelations that funding is not helping those most in need and missing billions from the promised support for energy efficiency improvements, this is a bleak budget from the Government.”

 

[JohnD]

another comment

https://www.ft.com/content/df6130bf-3f05-4e37-aa5b-ae2275a76f44

"Sunak spent like a sailor. His concluding credo looked therefore rather like a none-too-coded message at the end of a hostage video — an insistence that he had been forced to say this and that the real Rishi was still inside just waiting to get out.

Aided by better than predicted public finances, a chancellor whose “goal is to reduce taxes” could have walked back some of the hefty increases he announced in March and September. Instead he simply let everyone know how much he hated doing it and spent them anyway."

 

[JohnD]

Bad news for some

https://www.bbc.co.uk/news/business-59065778

 

[JohnD]

Comment

"Budget 2021: Tax rises likely to leave middle earners worse off, says IFS"


https://www.bbc.co.uk/news/business-59076532

"Middle-income families are set to be worse off next year amid rising costs and tax rises, says an independent economic think tank.

Paul Johnson, director of the Institute for Fiscal Studies (IFS), said that inflation and higher taxes on incomes would negate small wage increases.

The government's forecaster warned on Wednesday that the cost of living could rise at its fastest rate for 30 years.

The chancellor acknowledged in his Budget that families are under strain."

 

[Mottie]

 

[sxturbo]

I'll be £400 per year worse off for the household

 

[Ihavenojob]

Ah, here's one.

https://inews.co.uk/news/budget-202...t-mean-how-much-pay-checker-explained-1271743

looks like I will be a bit worse off on the car.

No change for me, wife £35 a year better off.

 

[Deleted member 18243]

Bad news for some

View attachment 248600

https://www.bbc.co.uk/news/business-59065778

3p off a pint of beer WOW ain't this is government great! Definitely getting my vote next time.

 

[Deleted member 18243]

Re. the increase in duty on stronger beers: the worst effect of this is that it makes brewers reduce their beers' strengths so we end up with a huge selection of very similar, boring beers all of the same strength. Where they used to brew for taste, they now brew to a tax level.

 

[Deleted member 18243]

AND... all you saps glad-handing the government for facilitating a strong economic recovery and building back better just remember it was the government who shut everything down and wrecked the economy in the first place.

 

[securespark]

 

[conny]

Don't expect the price of your pint in the pub to come down. This tax duty that is being reduced, not the cost of the beer. The brewers will still charge the same price and claim the tax reduction is to help them get back on their feet. That can't happen if they reduce what the customer pays.