Budget news - live: Pension and childcare changes go further than expected - but have we seen 'giveaway to rich'?

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What does the Budget2023 mean for households? From energy bills and inflation to fuel duty, Household finance expert gregmarsh analyses the key points from the Chancellor's announcement this afternoon 📺 Sky 501, Virgin 602, Freeview 233 and YouTube

'It opens the door for me to go back to work'

"Nurseries need loads of funding - our nursery closed because they couldn't find the staff. Staff don't want to work really hard for minimum wage and no funding." But, the plans are not without concerns. The CBI estimates they will cost £8.9bn, not the £4bn set aside by the government. Paul Johnson said it is as if the chancellor is using a"sledgehammer to crack a nut" with the changes he made - notably, abolishing the lifetime allowance."Changing pension tax relief as a result. Should have changed NHS pension schemes. Sledgehammer to crack a nut.

She continued:"Every child in every home is absolutely entitled to an equal education by people who are respected for the jobs they do."has been looking at the numbers, and says the"big picture" is"largely positive" compared with at the time of last year's mini-budget. Rachel Reeves has accused the government of"papering over the cracks of 13 years of economic failure" with today's budget.

Giving her initial thoughts on the chancellor's budget, our political editor Beth Rigby says there were"no surprises" here - and no rabbit out of the hat. The policy will only affect around 7,000 people, all of whom will be high earners, and will be worth £1bn a year by 2027/8. As she tried to silence rowdy Tory back benchers, she complained that she can't hear Sir Keir Starmer's speech and says with a wink and a grin:"It's not because I'm old!"

 

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gregmarsh

gregmarsh The rich get richer and the poor get poorer. Same as every Tory budget.

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