This is Money Podcast What does the Budget mean for you... and how bad was it?
16 snips
Nov 28, 2025 The recent Budget unveiled a chaotic mix of financial measures. Hosts debate whether it truly supports the economy or lacks direction. Tax tweaks include stealth taxes and a new surcharge on high-value properties. Investors are reacting to changes to cash ISAs, while higher taxes on savings and rents may impact landlords and tenants. An intriguing proposal for a per-mile charge on electric vehicles raises concerns about privacy. Plus, expert tips on how to budget-proof your finances are shared.
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Frozen Thresholds Are A Stealth Tax
- Frozen thresholds are a major stealth tax driving the tax-to-GDP ratio to record highs.
- Lee Boyce warns fiscal drag will pull millions into higher tax bands by 2030.
Fiscal Drag Harms Lower Earners
- Fiscal drag hits low and middle incomes sharply as thresholds lag inflation.
- Simon quantifies losses like ~£680 for someone earning near the personal allowance.
Pension Salary Sacrifice Cap Risks Retirement Saving
- Capping pension salary sacrifice NI benefit at £2,000 reduces incentives for higher earners.
- Simon warns employers may cut pension generosity, hurting all employees' retirement saving.