• Latest
  • Trending
  • All

‘We earn £60,000 and want stamp duty scrapped’

November 25, 2025

Taboo subjects on the table at women's health event

June 15, 2026

When will social media ban start and what platforms are included?

June 15, 2026

Oil prices slide after Pakistan announces deal between US and Iran

June 15, 2026

Starmer set to ban under-16s from major social media platforms

June 15, 2026

Social media on trial: Four important cases to watch

June 15, 2026

Hamilton says Barcelona win beyond wildest dreams

June 14, 2026

UK electric car sales target set to be weakened

June 14, 2026

Why the US economy keeps defying the odds

June 14, 2026

What we know about US sea drone used in helicopter crew rescue mission

June 14, 2026

Fears dogs to blame for drop in little tern numbers

June 14, 2026

Sinkholes near Purley bridge halt Gatwick trains

June 14, 2026

Friends hope death of footballer leads to new cardiac arrest rule

June 14, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Monday, June 15, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Clinical Australia upset Turkey in World Cup opener

    Swiss voters reject 10 million population cap, early projections say

    World Cup 2026: Fifa to pay Somali referee full tournament fee

    Vincent's parents 'never say he's good enough' – so he turned to a middle-aged couple online

    Royal Marines board Russian shadow fleet oil tanker in English Channel

    Armed men kidnap high-ranking security official in Haiti

    The nuclear challenge at the heart of Trump's Iran negotiations

    New York Knicks win NBA championship for first time in over 50 years

    Bangladesh beat Australia to claim first ODI series win against six-time World Cup winners

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Starmer set to ban under-16s from major social media platforms

    Hamilton says Barcelona win beyond wildest dreams

    Sinkholes near Purley bridge halt Gatwick trains

    Glasgow race attacks a 'mark against the reputation of the city'

    Jade Jones could face Sheena Bathory after dominant second boxing win

    Days of violence 'a stain on NI's international reputation'

    Molly Russell's dad says PM rushing social media restrictions 'deplorable'

    Eight arrests at anti-immigration and counter protest in Brighton

    Thousands gather for anti-racism rally in Belfast after disorder

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Oil prices slide after Pakistan announces deal between US and Iran

    UK electric car sales target set to be weakened

    Why the US economy keeps defying the odds

    Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

    Beauty Pie LED mask ad banned over misleading anti-wrinkle claim

    Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

    'I was employee number one at SpaceX'

    Reporter Reads

    Elon Musk’s SpaceX raises $75bn ahead of record stock market debut

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business Economy

‘We earn £60,000 and want stamp duty scrapped’

November 25, 2025
in Economy
14 min read
236 17
0
493
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Rachel Clun,

Kris Bramwelland

Emer Moreau

TBC Wesley Thorne and his wife Toni are smiling and standing in front of a wall covered in Christmas decorations.TBC

There has been plenty of speculation about what the Budget will and won’t include.

Ahead of her speech on Wednesday, Chancellor Rachel Reeves has confirmed both tax rises and spending cuts are on the table.

BBC News has been speaking to people with a range of incomes about what they would like to see in the Budget.

If there are issues you would like to see covered, you can get in touch via Your Voice.

An infographic with a small black and white picture of Wesley, aged 52, with the following details: job - small business owner; housing - mortgage, £800 per month; status - married with two children; combined income: about £60,000.

Wesley Thorne, 52, and his wife Toni live near Bristol with their two daughters.

They’d like a bigger house but say stamp duty would add £15,000 to £20,000 to the cost of moving so want that tax scrapped in the Budget.

Stamp duty is a tax due if you buy a property or land over a certain price in England and Northern Ireland.

“To me, that seems like an immoral tax just on having a home,” says Wesley.

He hopes the chancellor will “either scrap stamp duty altogether [or] just apply it to properties on a much higher valuation,” he says.

Wesley and Toni run an online sweet shop and market stall, and are members of the Federation of Small Businesses. They currently pay themselves about £60,000 a year, but that amount can vary.

He says cost pressures have “never been as bad”, adding “we’re hammered from every direction” by skyrocketing sugar and chocolate prices, national minimum wage increases and rises in business rates.

Currently small businesses like Wesley and Toni’s must register to pay VAT if their taxable turnover is over £90,000. Wesley would like that threshold to be higher.

‘I’m on £22,000 and I want free bus travel for all students’

An infographic with a picture of Liam, aged 25, and the following details: job - student/gym staff; income - about £22,000; rent - £550 per month; status -single.

Liam Davidson is a third-year student at the University of Aberdeen.

His student loan gives him a monthly income of £800 and he earns £1,000 a month working at a gym.

After his essential bills, he says he has £200-£250 of disposable income and has noticed food prices continuing to rise.

“Last month I was down to maybe about £50 for the month and there was a week left,” he says.

Under-22s in Scotland get free bus travel and Liam would like that scheme extended to students of all ages and to the rest of the UK.

“I’m spending £40 a week to get to and from uni – it’s cheaper to drive,” he says.

Last month, the government said trialling free bus travel for under-22s in England would be “unaffordable”.

‘I earn £25,000 and want more spent on social housing’

An infographic with a small photo of Famita, and these details: job - construction site supervisor apprentice; rent - £700 per month; status - single with one child; income - £25,000.

Fatima Tehan Jalloh is a single mum who lives in council housing in north London.

She says she loves her job as a level 4 apprentice construction site supervisor.

She works full-time and her daughter goes to nursery which costs £600 a month.

It’s one of her largest costs, besides rent and bills, and she says the cost of everything has continued to go “up and up”.

Despite that, she feels like she is doing alright and thinks the chancellor should raise taxes and spend more on essential services.

“I would definitely be happy to pay more if I know it was going into schools and social housing would be on the increase,” she says.

‘We make £150,000 and have EVs. We should pay to use the roads’

An infographic with a small photo of Steve, who is 38. It says: status - married, no children; job - IT contractor; housing - mortgage, £1700 per month; combined income - about £150,000.

Steve Williams is an IT contractor and his wife is a counsellor. They are both self-employed and he estimates they make a combined £150,000 a year.

They live in Basingstoke and both drive electric vehicles (EV).

Steve says he would have no problem with a rumoured EV tax.

“I use the roads, so I should pay for the upkeep of them at the end of the day,” he says.

“You can tax petrol cars on their usage per mile as well, even though talk at the moment is that it is just for electric cars, which is unfair,” Steve says.

‘We make £67,000 and want more spent on the NHS’

An infographic with a small photo of Becki, who is 34. It says: status - married with two children; job - PA at an estate agency; combined income - £67,000;
mortgage - £750 per month.

Becki Oliver, 34, lives in Bourne, Lincolnshire, with her husband Tim and their two young children.

She works as a PA at an estate agency and says she wants the chancellor to tackle the rising cost of living.

“We can’t go out for meals, we can’t treat the kids; our last holiday was our honeymoon in 2019 – we’ve never been away as a family,” she says.

“I know these things are luxuries, but it would be nice to be able to afford those luxuries given how hard we work.”

Becki says she worries about the state of the NHS after having to take her son to hospital.

She says she would like the chancellor to increase funding for the healthcare system.

“I just think money isn’t being put in the right places,” she says.

“There’s a lot of people in this country, and we need to be looked after.”

‘I’m on £32,000 and I’m worried about cuts to Motability’

An infographic with a small photo of Kat, who is 39. It says: status - single; job - charity staff; income - £32,000; housing - £564 in rent per month.

Kat Watkins lives in Swansea and works for Disability Wales. Her earnings make up just under two-thirds of her income and she receives universal credit and personal independence payment (Pip).

Kat has osteogenesis imperfecta type 3, known as brittle bone disease, and says she faces higher energy bills as she needs to charge her wheelchair and other equipment.

She spends about £70 a month on insurance and food for her assistance dog, Purdey, and a recent wheelchair service cost her nearly £1,000.

Some months are tough, she says. “Without my Pip, I definitely would struggle a lot more.”

There is speculation that the Budget could include changes to the Motability scheme which helps those with disabilities lease cars.

Kat says she would urge Reeves “not to mess with Motability” as cutting the scheme “is not going to help people to get into work at all”.

‘We make £100,000 but worry about retiring’

An infographic with a small photo of Neal, who is 58. It says: status - married with adult children; job- admin manager; combined income - £100,000; housing - owns home outright.

Neal Stead and his wife Tara both work in administration – Neal in a contact centre, and Tara at a hospital.

With a combined income of about £100,000 and having paid off the mortgage on their Bradford home, Neal says they don’t have major financial pressures. But at 58, he is concerned about retiring.

“My worry now, as I’m approaching later life, is when can I actually afford to retire? Because the goalpost seems to move,” he says.

He does not want the chancellor to “touch pensions” by changing the tax-free lump sum allowance for withdrawing pension savings.

BBC Your Voice banner image.



Source link

Tags: dutyearnscrappedstamp

Related Posts

Why the US economy keeps defying the odds

June 14, 2026
0

Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?...

Reporter Reads

June 12, 2026
0

Our economics editor Faisal Islam on the factors influencing the price of your cuppa. Source link

Donald Trump: ‘I love the inflation’

June 11, 2026
0

During an Oval Office signing event on 10 June, President Donald Trump said, "I love the inflation" in response...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    677 shares
    Share 271 Tweet 169
  • Belgian footballer arrested in cocaine investigation

    533 shares
    Share 213 Tweet 133
  • Next to raise prices to help pay for rising wage costs

    531 shares
    Share 212 Tweet 133
  • South Wales Police officers injured, one arrested

    525 shares
    Share 210 Tweet 131
  • Charities to get £15m fund to save surplus farm food

    516 shares
    Share 206 Tweet 129
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Taboo subjects on the table at women's health event

June 15, 2026

When will social media ban start and what platforms are included?

June 15, 2026

Oil prices slide after Pakistan announces deal between US and Iran

June 15, 2026

Categories

Health

Taboo subjects on the table at women's health event

June 15, 2026
0

Three nurses behind the event say they want women to feel they can have open and honest conversations. ...

Read more

When will social media ban start and what platforms are included?

June 15, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.