Budget 2023: What will it mean for households?

Household finance expert Greg Marsh takes a look at the chancellor's budget announcements, including the energy price cap extension, increased childcare support, and fuel duty.

Marsh also analyses what they will mean for the finances of three different households.


#Budget2023 #CostOfLiving #Politics

[amfearliathmor]

Without acknowledging the very basic real world Inflation for food at 50-70% and home energy costs inflation of around 120% in the previous financial year any analysis is utterly pointless.

[zakapholiac]

What will it mean for households? It means we are fucked, that’s what it means

[footiekingkong]

A moment of silence for Mike and his £90 loss... which is about a loaf of bread and a tube of pringles this time next year

[Tuchh]

Do Rishi Sunak's household next <3

[njpringle]

The Tories aspire for Britain to be a country where mothers leave their 1 year old babies with strangers at a nursery all week. How sad and disturbing.

[wayneherman]

The rich get richer the poor get poorer

[MagicWok]

I don't see how £179, over 12 months, could in anyway be considered "winning". What a bunch of nonsense.

[crocoman]

‘Benefit’ from the fuel duty freeze and ‘benefit’ from the energy price guarantee?? Christ almighty.

[homelessalien]

Imagine caring about somebody with 3 houses losing £90....

[hartsymk]

£180 a year better off... This is what we have to show for 13 years of a Conservative government in power, 13 years of organisation, budget management all the multiple promises and the average home.. Might as well have not bothered.

[MrJoeseppi]

My rent is up 15%, everything else is up yet my pay is only up 8% after next month, it's becoming impossible for a single person to rent

[DanteLovesPizza]

Let's pretend there's no cost of living crisis. Let's pretend interest rates didn't skyrocket for first time buyers. Let's pretend paying £1.50 a litre for petrol is normal. Let's pretend energy prices haven't tripled. Everything is better, yay! Well, why not let's pretend we all own flying unicorns that crap gold bars? It's utopia!

[gordygordy]

Energy companies: the winners of the year. Hooray

[threshfreshair]

someone who owns a home, landlord of 2 and an IT consultant salary.
£337 is next to nothing to him.
Your implying nurse is a winner in this.

[BEASTALMIGHTY]

Workers need to unite and put the whole UK to a planned standstill. We need to take back our country.

[johngill]

What about showing any of the thousands of families that are already struggling…

[PiglipsMaximus]

We’re all screwed and will continue to be getting screwed

[Kyron]

only issue with this visualisation is the lack of representing the most economic downtrodden, the man who owns his own house for example isnt as severely displaced by changes

[dannybartlett]

the tipping point has just been parliament is going to feel the real presure from the people now id go as far as saying in less then five year Parliament will be gone altogether because house holds are going to snap when that happens the MPs will be gone!! give themselves a pay rise increase miliatry spending and sends BILLIONS to ukraine meanwhile leaveing there own to suffer something needs to change and now

[DOCDARKNESSREAL]

These are NOT atypical households in the UK. Very disappointing.