Property News · March 8, 2017

‘Our ability to save is non-existent’ – people respond to UK budget


From ‘just about managing families’ to higher-rate tax payers, we ask how tax and national insurance changes are going to impact householdsThere was not much in the budget to please higher-rate taxpayer Charlotte Geeves, 42, and her self-employed partner, Chris, 47. Charlotte is the chief executive of the Henley Festival, a five-day music and arts festival that takes place in Henley every July, and the Geeves have a household income of over £100,000. “At the moment, our ability to save is non-existent. Don’t get me wrong, we live well, we own our own home and we go on holiday at least once a year – but we have a large mortgage and our son, Henry, is three so we also have childcare bills to pay. Our budget is tight. We don’t have much wriggle room and we’ll have less money coming in as result of the increase in national insurance contributions for the self-employed. However, I think it will be manageable.” Continue reading…

Source : theguardian.com
Read more…‘Our ability to save is non-existent’ – people respond to UK budget

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