Sun. Nov 17th, 2024
Occasional Digest - a story for you

CHANCELLOR Jeremy Hunt’s Budget was designed to get Britain back to work.

By introducing free childcare for every tot over nine months old, he wants mums to go back to work.

Jeremy Hunt froze fuel duty again and introduced free childcare for every tot over nine months old in his Budget9

Jeremy Hunt froze fuel duty again and introduced free childcare for every tot over nine months old in his BudgetCredit: Getty

And he also hopes older workers will stay on thanks to his plan to let over-50s put more money into their pensions.

There was good news for heating bills as the energy cap stays at £2,500 for another three months.

And thanks to The Sun’s brilliant Keep It Down campaign, fuel duty was frozen again after warnings that petrol and diesel could go up by 12 pence a litre.

Here, tax expert Jim Lee works out how Sun families and firms fared in the Budget – and they give Mike Ridley their verdict.

Martin Lewis weighs in on changes to pensions, childcare and energy bills
The Spring Budget's winners and losers - how it will affect you and your money

COUPLE WITH KIDS

PART-TIME civil servant Sairah Zaman will be £15,000 better off.

Sairah, 37, and husband Assad, 44, from Manchester have two boys – Hakeem, three, and baby Hassan.

Part-time civil servant Sairah Zaman will be nearly £15,000 better off9

Part-time civil servant Sairah Zaman will be nearly £15,000 better offCredit: Matthew Pover

And as their youngest is just ten weeks old, they will reap the full benefit of the childcare changes.

From September 2024 Hassan will get 15 hours of free childcare a week and a year later he will receive 30 hours. Because by September 2025, all children over nine months will have free childcare for the first time.

Delighted Sairah said: “It’s worked out perfectly for us.

“We paid almost £900 a month for my older son’s childcare and that was just for three days a week.

“Next year I plan to go back to work for 25 hours a week. Childcare would have been expensive but now we won’t have to worry about costs. And with 30 free hours, I could up my work hours.”

WORKING COUPLE

SUPPORT worker Debbie Hepworth and husband James, a transport manager, jointly earn £55,000 a year.

The pair, who are both 42, are £293 a year better off thanks to the freeze in fuel duty and the extra help with energy – although car tax and duty on wine will cost them an extra £124.

Debbie Hepworth and husband James will be £293 better off9

Debbie Hepworth and husband James will be £293 better offCredit: Richard Walker

But the couple, from Barnsley, South Yorks, are delighted that 15 hours of free childcare will be available for their baby granddaughter from next April. ­

Debbie said: “I would have had to provide some nanny daycare and it would have been tough looking after my granddaughter for that amount of time, so this will really help us out as a family.

“It’s not bad this, is it? I just hope they go further again and continue to help us with energy bills.

“We use quite a bit of fuel so it’s good that duty is frozen for a year, which will save us £300.”

NEARING RETIREMENT

CARPENTER Thomas Wardaugh, 61, is thinking of retiring soon from his £50,000-a-year job as a shop fitter.

His wife Margaret, also 61, earns £11,500 at Asda.

Thomas Wardaugh, who is thinking of retiring soon, will be £32.50 better off9

Thomas Wardaugh, who is thinking of retiring soon, will be £32.50 better offCredit: Supplied

The couple, of Lossiemouth, Moray, both smoke and at 6pm, the tax on cigarettes rose 12 per cent ­­– adding £1.55 to the price of a pack of 20 – costing them an extra £360 a year.

That almost wiped out all the benefits of the fuel duty freeze and the extended energy cap.

Thomas said: “I’m disgusted. They say they’re trying to stop people smoking but if everyhone did the Government would have no revenue.”

“I’ll have to cut right back on what I smoke because of the cost.”

He added: “Shell and BP made record profits. There should be a cap on what they can charge for petrol and diesel.”

WHITE VAN MAN

BUILDER Mark Steward welcomed the fuel duty freeze, campaigned for by The Sun.

The 55-year-old dad of three recently had to buy a new Renault van because of London’s low emission zone and was dreading a hike in diesel prices.

White Van Man Mark Steward will be £210 better off9

White Van Man Mark Steward will be £210 better offCredit: Louis Wood News Group Newspapers Ltd

The sole trader, who earns £41,000 a year, said: “My van is my toolbox. I can’t leave home without it – so fuel prices are an essential business cost. Well done to The Sun.

“I’m pleased fuel duty isn’t going up but that doesn’t prevent the billionaire oil firms raising prices.”

Mark, of Wandsworth, saved over £50 due from the fuel duty freeze and £160 because government help with energy bills is continuing for three more months.

But he added: “My mortgage has just gone up due to the Tories’ incompetence, while they are boasting about all the good things they are doing. What world are they living in?”

CHILDCARE FAMILY

MUM Ashling Marsh had hoped to be £950 a month better off thanks to the Chancellor bringing in free childcare for children aged under two.

But because the change does not kick in until April 2024, they will still have to pay for two-year-old Daisy’s childcare until she turns three and receives 30 free hours a week under the ­current system.

Mum Aisling Marsh will be £8 worse off despite the childcare changes9

Mum Aisling Marsh will be £8 worse off despite the childcare changesCredit: Arthur Edwards / The Sun

So bingo worker Ashling, 28, and husband Bradley, 27, who live with her parents in Romford, Essex, will continue to find £950 a month from their joint £2,500 cover nursery care so they can work.

Ashling says: “Free childcare for under twos won’t help us, sadly. Why can’t it be put in place ­earlier?

“Bradley works at a nursery and they really struggle to find staff to cover the kids so how is the Government going to find all these extra nursery staff for the thousands of extra kids in childcare?”

HIGH EARNER

SALES director Russell Coleman pays the higher rate of tax.

Chancellor Jeremy Hunt’s decision to allow high ­earners to boost their ­pension is aimed at ­keeping people like him in work for longer.

Russell Coleman, who pays the higher rate of tax, will be £330 better off9

Russell Coleman, who pays the higher rate of tax, will be £330 better offCredit: Paul Tonge

But the 52-year-old, of ­Henlow, Beds, said: “Five years ago I made my plan to retire early and I intend to execute it. So this won’t make me work a day longer than I have to. I put very little into my ­pension as I don’t trust how the money will be managed.

“How many people will truly put £1million into their pension pot? Around 0.1 per cent of the population.

“It makes the Tories sound like they’re just looking after the rich.”

Russell and his wife Shani, 50, save £160 with the energy price cap and £300 a year through the fuel duty freeze.

But they will pay an extra £109 a year on wine duty.

PENSIONER

WIDOW Ann Boucher, 75, is £131 a year better off due to the Budget.

But from next month, she will also receive a tenper cent inflation-linked rise in her state pension, which was announced last November.

Pensioner Ann Boucher is £131 a year better off due to the Budget9

Pensioner Ann Boucher is £131 a year better off due to the BudgetCredit: Neil Hope

Ann, 75, of Braunton, Devon, said: “I’ve been notified about next month’s rise and it’s a big increase.

“It’s definitely a help but I’m sure it will soon be eaten up by other price increases, so I’ll probably end up being no better off.”

Ann is sceptical the Chancellor’s pension changes will get more older people back to work.

The retired BT worker said: “None of the changes would have made me want to work longer.”

“The energy bills are ridiculous though. We need nuclear power stations, which the Government announced in the Budget.

“And we need to grow our own food. Otherwise we’re stuffed if a country says they can’t supply us.”

PUB LANDLORD

JOHN DAWSON, owner of the Red Lion pub in Dunston, Lincs, cheered the Chancellor’s freeze on draught beer duty.

But the 52-year-old bemoaned the fact that duty on wines and spirits will rise in line with ­inflation from August.

The duty on wine and spirits rising will mean John Dawson's customers will pay an extra £700 per year9

The duty on wine and spirits rising will mean John Dawson’s customers will pay an extra £700 per yearCredit: Paul Tonge

The pub’s drinkers get through around 30 bottles of wine a week – so the 45p-a-bottle duty increase for wine will cost customers around an extra £700 per year.

John said: “The wine price increase is bad news.

The Spanish hotspot which is 20C and has 88p beers
Nando's has made a major change to menus - and fans won't be happy

“The Government has moved the goalposts again and we will have to ask customers to pay more.”

John, who has to fork out £600 a month for gas and electric, said: “The Government is keeping the same level of energy bill support for households but the Energy Bill Relief Scheme for businesses ends on March 31.”

Source link