Martin Lewis: What the Chancellor’s Autumn Statement really means for you

Martin Lewis' briefing on benefits, pensions, ISAs, savings, housing, National insurance cuts and more
Full info at: www.moneysavingexpert.com/new...

[@jamfen]

Britain .. A country where you have to work hard all your life to keep yourself in poverty

[@jacqlewis2418]

Well said , sadly

[@yamyam3905]

Who's in poverty ?

[@thomasclark21]

Go travel the world. Get a real outside in look.

[@Watermargin99999]

Have you ever travelled to any other countries? Britain has hardly any poverty, even if you don’t work you are given a place to live and money by the state to buy food. There are many countries where you would get nothing!

[@Dcs.234]

@@Watermargin99999 Really …so then please explain the 271.000 homeless of which 123.000 are children ?????… so many paid trolls around …. 2 on this thread

[@HA05GER]

What we can take from the statement is the Tories want one last stab at the low income and disabled people before they pack their bags.

[@Jones607]

Westminster’s a UN coalition government.

[@Annakrueger822]

We are a 6 figure income couple and had very little saved and not much cash lying around the preverbal". '...don't have $500 for an emergency" that was us. The big thing was debt all kinds of it, cars mortgage (although our home isn't a high price one), student loans for our kids, and of course credit cards. One day we just got sick of being broke and went total scorched earth and became frugal overnight. Paid it all off, it took almost 5 years but now we have no debt and this year our savings rate is 50% on basically the same income that had us perpetually broke. So for us it is mainly staying out of debt and watching our spending, at first it was a real effort to save in our HISA and 401Ks but now it's actually fun watching our money grow. No car or vacation or neighborhood is worth being broke or financially unstable.

[@Byrondavis89]

Congratulations on taking the steps necessary to get yourself out of the financial bind you were in.

[@RandalHebert]

Facing your medicine can be difficult. However, with commitment, you'll ultimately reach a highly satisfying place. It's all about the actions you're willing to take.

[@Annakrueger822]

Samuel Peter Descovich that's whom I work with

[@Annakrueger822]

SAMUEL PETER DESCOVICH GOOGLE the name

[@Annakrueger822]

You can search his name online and validate his credentials. He brings with him extensive experience in the financial market.

[@user-yb9sh7yf7y]

Thanks for this Martin. I couldn't stomach watching PMQs, those politicians faces make me so annoyed.

[@smrriles5668]

This was announced in the autumn statement, not at pmq's

[@daves4026]

Agreed

[@andybb]

Yes laughing and joking 'I'm all right Jack' type attitude

[@lsmoulton]

A veritable "rogues gallery"....hideous !

[@kimwarburton8490]

i think 'roland rat' everytime i see rishi sunak XD

[@carl90210]

Can I just put a comment here thanking Martin’s hardworking team in the background for their great work? 👍 👋

[@smrriles5668]

No

[@davidevans3227]

please do.. 🙂

[@SusannaSaunders]

Came to the comments to say Exactly this. It's the people behind the scenes that are the unsung hero's! Sincerely! Thank you!😊❤

[@Amelia-Elizabeth]

I watch several KZbin videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands..

[@Amelia-Elizabeth]

@WilliamEthan00 What is the name of your broker and how do i connect with him or her ?

[@Amelia-Elizabeth]

@AustinWalker67 Wow that was easy, i found her website and left a message for her . i hope she reply me. thanks.

[@Susanne-zuku]

@@Amelia-Elizabeth Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@cpuuk]

The Chancellor is actually a Landlord (he owns many sea-side properties), I believe he recently put his rents up by 8.5% ¬_¬

[@ruthirwin8222]

As KC3 increased the rate on his duchy during lockdown

[@SusannaSaunders]

I sure as fork wouldn't rent a property from that Forker!

[@PCayMan]

This man is a national treasure ❤

[@mandyadams918]

Should be knighted for service to others - maybe that should be trending - knighthood for Mr Lewis

[@user-hu1yi8ox9z]

Totally, and considering the amount of terrible in there. How did he get turned down for the house of lords.

[@RR-mt2wp]

Many thanks Martin for your information to help people.

[@misslanapaulford]

Yes 💯 agree..BUT I would have liked a longer and more detailed. I'm not sure if he's going to bring out another, thorough video...after this one..

[@dyeremi]

Very helpful info. What I do not get is why does the lazy freeloaders always get the benefits while the hardworking middle class gets to pay for it and the rich still avoid paying their taxes. When you are lazy, they give you a home and an allowance. When you work hard, to counter your already low salary, you get taxed like hell.

[@suewright1299]

Very many thanks indeed Martin for your hard work and for keeping us all up to date as soon as possible! You’re a king for us all, I really appreciate all your work.😊

[@matts3397]

Thank you Martin and to your team. Keep it up.

[@johnmalin1676]

So, that pension increase is going to be completely wiped out in January now ofgem have approved the price capping on domestic fuel bills.

[@douglasgosney9172]

Don’t forget your council tax that will probably go up by at least £10 a month on this year’s they give us nothing take, take

[@phueal]

You mean they might have to spend some of the increased income on increased expenditure? Yes, that’s how inflation works. That pension increase, as disgraceful as it was, wasn’t meant as a reward for all the extra effort pensioners are putting in, it was to pay for those increased bills. If you're outraged about the increasing bills for pensioners, wait until you hear about the plight of all the people whose pay didn’t increase 8.5% this year.

[@male469]

It means as long as the government stay rich and the rest of the people struggle

[@SusannaSaunders]

It's always been 3 cookies for me and one cookie for you. Barstools.

[@zenouxbeauty]

Be realistic. This government cares for our uk nation. £1200 is being offered to households this winter as winter fuel. Those on state pension are getting more too.

[@Tiredmum]

Carers still ignored by the government.

[@RabJ208]

Support workers also. They are on less money than Tesco employees.

[@seasonedbeefs]

Carers get massive tax cuts and benefits. My ex wife knows this too well. FFS

[@seasonedbeefs]

​@@RabJ208this is not true either.

[@RabJ208]

@@seasonedbeefs, how much are support workers on in your area? My friend works for Simon Comminity NI as a support worker and is earning just over minimum wage.

[@seasonedbeefs]

@@RabJ208 apologies I thought you meant for people who were carers at home, for family. But yeah. If you want better wages..... Wtf is you looking for min. Wages.

[@sugarpuff2978]

Someone get a time machine and bring Guy Fawkes to the present day.

[@SusannaSaunders]

Sadly, he and his little band were all idiots. In an era of priest holes and searches that would last days, he just sat in the celler and then came out of the celler (to be arrested) when the guards came back down again! 🙄 He wasn't prepared to give his life for his cause it would seem. People don't celebrate his success, they celebrated his failure... 🤦‍♀

[@Annie-yv7rc]

It’s all designed to divide people and set one against another instead of who we should be angry with

[@Eptor7Gd]

@@Annie-yv7rc Correct!Whats the ONLY thing The Establishment fear the most out if everything on earth!Peoples Unity &Solidarity behind 1 cause!Thats it thats why they divide TO CONQUER! THEY fear this above everything else!

[@papaspears5035]

9.8% but nhs nurses and others keeping hospitals afloat get 5%. I've really had enough if this country.

[@leewright6101]

9.8% ive worked since i was 16 im now 50 , i have lymphodiema, and cancer, i can no longer work, not all people claiming have never worked, maybe if u had a illness, and worked all your life only to have your job taken away, u might well have some compassion, i u agree , but people who keep knocking out kids, and never work or people who have never worked should be tagetterdm instead, i feel everyone on pip or universal credit is labled and tarred with same brush as ones who have never worked theres needs to be a fine line, thouse who have never worked and thouse who have worked,

[@M3PH11]

the same nurses that feel so entitled to their jobs they think it's ok to humiliate patients for no reason? or give sub-standard care if they don't like your face or because you have some weird disabilites they can't be bothered to accomodate? Hell one of my neighbours is dating a nurse. He refuses to take the covid vax of her own volition (her bosses have to make her) because "she doesn't know whats in it". why is she a nurse if she doesn't know whats in it?

[@tonywright8294]

Well fo somewhere else

[@smrriles5668]

If this country what????don't leave everyone hanging!

[@MrEdrftgyuji]

Minimum wage now £24k a year. Highly skilled jobs requiting degree education, jobs that used to pay 2-3x more than minimum wage, now barely pay more than 30% over. Not to mention, many of these jobs require moving to London for some reason. Save your money, don't get the £60k student loans, and just get a job at Tesco. You'll end up with more money that way.

[@tonks1968]

Cheers Martin.. clear and without the political BS

[@AmandaJYoungs]

I rely on Martin Lewis for all my financial advice. He can't get me out of poverty, but taking his advice helps me to minimise the poverty I am obliged to manage. I'm extremely grateful.

[@sextonblake4258]

What it means to us Martin, is that he has even less of a clue than even I thought he had, and it was a very low bar. Keep in mind that this was approved by the muppet that thought "eat out to help out" was a good idea.

[@iancassidy7895]

National insurance is a waste of money sure we can't see any GPS or dentists

[@jordanbishop6949]

Because the whole of NI doesn’t go to the NHS like it was initially introduced to do

[@tlangdon12]

It's not a waste of money, but did we need to cut NI, or would be have been better using the money to train more doctors and dentists?

[@MrEdrftgyuji]

"National Insurance" is just another way of saying "Income Tax". Thank Blair for that one.

[@Rosie-ve6oe]

I've never known anybody who would have spent the time to add subtitles to their videos. Thank you

[@DHealey]

Probably computer generated. Not much point in it though since autogenerated subtitles are built into KZbin (click the CC button). Although I suspect this video will be posted to other platforms so will be useful there.

[@velogoo]

they are too good to be computer generated, they’ve been done manually I think.

[@DHealey]

@@velogoo It's possible to use a computer to generate them and then manually correct them. It would be stupid to do them all manually, no one does that these days.

[@charliekingpin8568]

As ever many thanks, what would we do without you !

[@jeremymahrer1832]

I LOVE WHAT YOU DO MARTIN, THANK YOU.

[@Hewbuntu]

Thanks Martin and team, as ever.

[@jrh86]

Thanking you as always for helping everyone, sterling work.

[@nohandle-01]

So helpful thank you. Came straight to you for the “straight to the point” summary.

[@optimisticgal]

Thanks for your work, it's invaluable.

[@rayc4050]

Thank you so much as always!!

[@tgillson3093]

Another year of tax rises to employees. Brilliant.

[@Savingforlife]

Thanks Martin for explaining and all the work by you and your team.

[@user-sb9zy1or6p]

Thank you as always Martin

[@demos113]

Great work. 🙂

[@racheltaylor6578]

The poor get poorer and the rich get richer like it’s always been.

[@charliekane135]

Not sure how you work that out when all the benefits and pensions are going up substantially and NI is reduced. I agree rich will get richer if they have mega savings on massive interest rates. Many will have worked hard to earn it I'd imagine. I don't feel bitter about others being rich though.

[@minixtvbox]

Tory scum britain

[@sugarpuff2978]

​@@charliekane135😂😂😂😂😂

[@barriewilliams4526]

@@charliekane135 10% of very little is, very little🙃

[@charliekane135]

@@barriewilliams4526 It's more than you'd get in most countries.

[@uksuperguy]

Shame they didn't raise the tax thresholds. This is by far the biggest tax going forward. Everything else is petty

[@sl1d3r1984]

Dropping ni by 2% but not increasing tax thresholds they are up massively. By April the knuckledraggers on min wage will have had about 5k worth of pay rises in last 2 years. Where's these will be those who are just above minimum who'll get nothing again. Won't be long till the average wage is the minimum at this rate

[@marcsolloway3941]

@@sl1d3r1984agreed, the gap between minimum wage and skilled work is becoming less and less every year! There will be no incentive whatsoever to study / train for these types of roles especially given the higher tax levels due to the student loan (circa. 10% on top of tax / NI)

[@Bond2025]

@@user-so2me8hx4o stop handing them out to all the freeloaders the RNLI are forcing upon us.

[@uksuperguy]

Higher minimum wage just means more tax revenue for HMRC. The skilled middle class continues to get squeezed.

[@tancreddehauteville764]

@@uksuperguy Everyone is squeezed - except the rich of course.

[@ReggieChump]

Thank you for the content 👍

[@philipmanning7352]

Good video please keep them coming

[@alanchurchill7305]

Glad your here Martin to explain things in a simple way.

[@philzvids3577]

Thank you for a great summary. I need to look at the fractional shares / ISA thing in more detail! The energy cap was interesting, but in fairness to British Gas, they emailed me, told me it was changing and prices are going UP! So at least they were honest. Now I have to play the price fixing game again. I think the government needs to understand that people want to live their lives and enjoy them. Most working people don't want or even have time to look at whether they need to fix energy bills or move money depending on the latest government whim. This country is a very depressing place right now.

[@grahamrutherford8800]

Thank you Martin. Much appreciated.

[@dianebaker5243]

Thank you.

[@cloggsy1971]

Thanks Martin 👍🏻

[@shauncorless8965]

Yes spread the word a million pensioners should have credit but not receiving,,,

[@ladygardener100]

That's because it would cost too much if everyone claimed it, so just make sure its kept under the desk

[@ladygardener100]

I did not know about it other than from this site

[@neilwade9870]

Nice one Martin. Thanks for your clarity and help. 👏👏

[@Taylor___]

When can you be chancellor? Thank you Martin ❤

[@Hitstirrer]

I only get the lower pension rate. I also have a small works pension which is taxed as that takes the total over the basic tax allowance. And that allowance hasn't been increased. This means that 20% of the state pension increase is now clawed back in tax. So I only get 80% of the 8.5% rise = 6.8%.

[@Woodman-Spare-that-tree]

£720 p/a increase after basic rate tax

[@phueal]

Only a 6.8% increase. After tax. Hang on, I’ll get my tiny violin 🎻.

[@Hitstirrer]

@@Woodman-Spare-that-tree More like £600 because I am on the older pension rate. That’s how a % rise works. Higher rate pensions get the same % which produces a higher £ rise. Double whammy.

[@lynnelongman2466]

Thank you

[@barrygentry5364]

Regarding utilities, I live in Spain and use bottled gas. Today I bought two 12.5kg refills for a total cost of €35.40. In the UK a butane refill, albeit a slightly bigger bottle (15kg) is being advertised on a major seller’s website for around £56 for just one refill. I have seen a 12kg gas refill in another UK company being sold for £35, still double the price in Spain. The Spanish government strongly supports the customer in Spain and adjusts the price of gas as and when prices go up or down. If one country can sell gas for half the cost of another country, something is seriously wrong.

[@margaretblack8538]

I bought two last week Barry in Scotland which cost me £85:00, £4:05 of that was 5% vat. Mine are 12•5kg. Other places are more expensive. 15kg of Calor gas can range from £55 and upwards. Depends on the shop/company selling it.

[@martajoverbigorra3089]

Just a few people uses gas bottles in Spain. Not healthy, not practicle . Times are moving on. New energy is coming. Gas bottles are a thing of the pass andcdangerous .

[@Dynasty1818]

Almost as if it doesn't get as cold in Spain or something

[@chucterloon]

In Malta it's less than 20 euros

[@SusannaSaunders]

How else can they make billions in profits every quarter? It's not rocket science. The Tories have enabled them to charge rediculous rates for energy!

[@jimmyjt16]

Too little, too late though Martin. Desperate attemp by the Tories to save their skin.

[@Woodman-Spare-that-tree]

General Election in May 2024, probably

[@SusannaSaunders]

Believe me when I say it will buy some votes. Because half a cookie is still better than no cookie even when the government is stealing literally billions! I just hope to fork that we get electoral reform in the next term so that we don't keep going around this merry-go-round of Tory excesses then Labour excesses then back to Tory excesses with an ever downward spiral in the standards of public life.

[@SusannaSaunders]

@@Woodman-Spare-that-tree I hope to Fork it's before then!

[@GoGoTwice]

Really helpful as always, the go-to for simple, clear explanations

[@idio-syncrasy]

Energy should be going down not up. 😢

[@SinuousStudios]

Minimum wage is now £11.44 a year?! Times are tough.

[@gavinbroughton]

It's per minute

[@GurungyNoHamuster]

Over-generous I think. :=)

[@annenunney9907]

@@gpw203what ever age you are you are entitled to earn reasonable wages

[@420haxx]

​@@gpw203 Increases in minimum wage do not drive inflation, they simply mean that workers can keep their head above water. The real driver of asset inflation is money printing, the real driver of food inflation is increased fertilizer costs + climate change, and the real driver everything else inflation is increased energy costs.

[@420haxx]

@@GurungyNoHamuster Hardly, if real wages had kept parity with actual inflation(not the BS figures the gov pulls out their ass) then the minimum wage would be well over £15 per hour by now.

[@haitch04]

Very helpful thank you.

[@tynestreet5478]

Very helpful thanks Martin 🙏

[@kimwarburton8490]

Last year, disabled people got 6%, but the inflation was 9-11% last autumn/year. We were told the difference would be added to this years' % increase i seem to recall. I dont understand why pensioners are deemed to have higher expenses. I have worked with the elderly, my nan is 93. Often elderly people are fully independent except for the last third of their retirement, and sometimes not even then, more like the last 6th of their retirement. Meanwhile, most of my peers are plugged into machines and require assistance to the same degree (or more) than the average non-independant elederly person, according to my real world experience with the elderly/retired and talking to other disabled people online. It's the unfairness because of the stigma around disability that get me.

[@janemorris7245]

I would like to see the personal allowance increased before 2028. I pay more and more tax because of my works pension. 😡

[@dotmac6480]

I'm the same as you won't see the increase scottish tax will take it because I have a work pension.

[@mxmus08]

Thanks, Martin.

[@SBN-er4tq]

Wonderful video, beautifully explained!

[@johnsidwell2241]

An 8% pension rise just widens the gap between pre and post 2016 pensioners to about £60 a week whoever dreamt that system up should be sectioned.we all paid our dues during our working lives so how is there such a disparity

[@ladygardener100]

I now claim pension credit, the first time ever in my 45 year working and taxpaying life. I had to stop paying in to my private pension because I was subsidising my own pension! I think I found out sbout this two level pension scam on here.

[@ladygardener100]

I believe this current year scrapped the triple lock so my pension increase was 3%, in the face of 9% inflation.

[@ladygardener100]

Ns&I is another gadget which is too good for savers to enjoy.

[@johnsidwell2241]

@@ladygardener100 sounds like par for the course after income tax and council tax increase I will see SFA of the 8.5% rise on my pre 2016 pension

[@joline2730]

John: this two tier Pension Old v New makes me so angry. It is SO unfair. I worked all my life and paid the full contributions, and what is worse the New pensioners need only to work LESS years, but get MORE 🤢🤢🤢🤢

[@nickforsyth2153]

I’m in the 40% tax bracket. The drop in NI is pretty much nothing. They need to up the tax bands. They haven’t changed for years and more and more people are getting into the bracket with pay rises which in turn is a pay drop.

[@JohnSmith-vg6hb]

Well it isn't a pay drop, you just get less of an increase due to the banding

[@LuLuBeeBah]

I'm not a higher tax payer, but I totally agree with you, the thresholds are ridiculous.

[@MrEdrftgyuji]

9.8% increase in minimum wage. I wonder how long before those on minimum wage are forced into becoming higher rate taxpayers.

[@matthewn1805]

But they've cut capital gains and plan to cut inheritance tax, yes they only affect the rich but don't you care how the rich are going to pay for their balooga?

[@MartinTeerly]

Tax bandas should be abolished in full

[@mountuneaddict]

Excellent update Martin thanks

[@simonpaine2347]

Hello Martin and team. I have no idea why this turned up in my feed, but I'm grateful. Excellent report and I'm now subscribed. I had no idea you were doing this. Just a quick note. If you leave a bit more time on the run out on the video, it allows us slow people to like the video and or access the comments BEFORE the video dissappears!

[@welshwoody217]

Funny how electricity has been harnessed from the skies above for hundreds of years for absolutely nothing yet we keep getting charged more and more for it? Prison planet!

[@thedeadpres]

As well as fiscal drag on tax levels it's always worth mentioning those falling into the "High Income Child Benefit Charge" because of inflation (50K+), a crazy unfair charge IMO.

[@jamesbyrne9312]

Thanks

[@bobbill4541]

Good old Martin putting everything into perspective thanks ❤

[@jimw6659]

No rise in savings allowances for the disabled and long-term sick before losing benefits so, due to severe inflation, the ability to purchase essential expensive equipment, and the like, is being rapidly diminished.

[@BionicRusty]

Impossible, I’d say.

[@thomasscott8354]

State pension up by £900 per year but because the threshold for paying income tax was frozen, this means the £900 will be liable to tax so £900 actually is only worth approximately £700

[@saaversteen]

not true. state pension will rise to £11500 which is lower than the £12570 threshold so not subject to any tax.

[@davidayres7973]

​@@saaversteen pensioners will get stung on the tax rate if they have any private pensions. Also the increase will be negated a bit by a reduction in means tested benefit. Ie housing benefit and council tax benefit. Its still an increase but no where near the full value.

[@Woodman-Spare-that-tree]

@@saaversteen. Not true! Most pensioners use their annual tax allowance against an occupational pension. So we have to pay AT LEAST 20% on the whole of the State pension. So we only get a £720 pension rise, not £900

[@matthewn1805]

@@saaversteen The government have admitted that their sneaky tax rises mean pensioners will start to pay tax on basic pension in 2025, they have also stated they will not publicise that, where do you get your false facts from?

[@kevinsyd2012]

@thomasscott8354: You really have no idea do you. As said elsewhere, the increased pension will still be well below the level at which tax is paid. The vast majority of pensioners will continue to NOT pay income tax. Stop believing all the social media nonsense and look at the facts yourself.

[@SkyEcho7]

🏆Thank you 💗

[@Fonsemania80]

Another great insightful update on what the Autumn Statement 2023

[@pinarellolimoncello]

Very useful and informative video Martin, thank you very much indeed for distilling down what is probably quite a tedious subject. What I would like to add out if I may is the blatant injustice of the present economic landscape which is keeping so many people poor and it can only best be described as robbing Peter to pay Paul or , robbing the taxpayer to pay/ support the corporate world, we saw it back in 2008-12 with the banks, we saw it during covid with the pharmaceutical companies filling their boots and of recent it has been the energy companies siphoning funds from the government ie the tax payer to the extent that I believe the government may even have had need to borrow money to foot the bill. Well it all sounds great when the government is paying but in reality what is taking place is future debt for the taxpayer that is funding energy companies . I realise this is a touchy subject given the level of corruption and greed involved but somebody has to grasp the nettle. Add to that the price rises in energy due to war and it all starts to get distinctly unpalatable and that is putting it mildly. Secondly there is an energy time bomb going off in this country , I work in the solar industry at times so probably have clearer insight than most . It is true to say war has pushed prices higher, underinvestment too, decarbonising has exacerbated the problem along with electric cars as they will begin to increase demand on the grid but also corruption . At the moment energy companies are having it all their own way even to the tune of banking free solar from the investments of others whilst not passing on that benefit to the consumer. Funnily enough it is the perfect project Martin for you and your beautiful good lady wife Laura of the gadget show to be involved in, it goes as follows . Open up the market for deployment of small scale solar generation on a massive scale on private land , I'm not talking spoiling the green fields of uk but people with room for 4-40 kw systems in their back garden / field , but here's the good bit, for Laura and her team , develop an app so that the electricity can be sold directly on to the grid at retail prices ( grid can take a commission much like the stock exchange would) not the paltry amount being decided by utility companies . This would kill 2 birds with one stone, it would drive investment and jobs in electricity production which we badly need but possibly drive down prices too if the market functioned properly as the consumer always look for the best deal. I know what you're all thinking , why aren't I chancellor , because I'm persona non grata that's why, everyone wants to kill me because I've lifted the lid on the gravy train, or suggested that HSBC with 17 billion pounds half yearly profits might remind themselves that they once said (ie banks in general and the chancellor George Osbourne ) 'We are all in it together!' so where's the money now, and don't be giving it to the government who cant be trusted (See entire covid scandal, Boris etc) , give it directly to nurses and general public. I rest my case that Good must triumph over evil, that justice must prevail over iniquity . I AM THE KING., the KING of economics. Ps one other thing that would elevate living standards in this country and that is the removal of the social construct known as the class system as it legitimises paying 'working class people ' minimum wage. I am middle class which actually makes me quite posh , but I don't like to see unnecessary inequality and injustice, I love to see fairness and happy faces and the working classes are mostly due a fairer slice of the wealth production in this country.

[@Gph0367]

THE SIMPLE FACT IS WAGES HAVE NOT BEEN KEEPING UP WITH THE RISING COST OF LIVING FOR THE LAST 30 YEARS. AVERAGE WAGES ARE WELL BELOW THAT OF FRANCE AND GERMANY. NO AMOUNT OF BUDGETING IS GOING TO BRIDGE THAT GAP. WE NEED AN ACTUAL LIVING WAGE WHICH REFLECTS THE COST OF LIVING. MORTGAGE/RENT/FOOD/ENERGY/COUNCIL TAX/CHILDCARE/FUEL/CLOTHING ETC. GOD FORBID YOU ACTUALLY WANT TO TREAT YOURSELF AND YOUR FAMILY. HOW THE FU*K ARE PEOPLE SUPPOSED TO DO THAT ON £12 AN HOUR!!!!!

[@mrmensa1096]

Agree - though you missed out the bit about transfer of wealth obviously from Poor to Rich.

[@Gph0367]

@@mrmensa1096 Absolutely. Weed need to tax the ultra wealthy. Close the tax loopholes. Heard economist say that this alone could raise 200 billion. Imagine what that could do to public services!!!

[@samc2]

Thank you for the video explaining, and thank you for the good-quality subtitles, it's appreciated!! 😊 It's a shame about ns+i, I was looking forward to them maybe dropping a good fixed-rate saver. Thank you for your work campaigning for the Lisa changes, please continue! 🤞

[@chrishubert4377]

What a brilliant man.

[@shavenhaven6869]

It means nowt for everyone except the rich!

[@MrEdrftgyuji]

I wonder how many more budgets it will be before those on minimum wage become higher rate taxpayers.

[@JHJHJHJHJH]

Thank you. And the Fiscal drag joke made me laugh far too loudly. 😂

[@robwalton2276]

Thank you 🙏🏻 Raising the VAT threshold to allow small businesses to grow would help. Thank you for clarifying these points.

[@HorseRadish138]

The price of UK natural gas has been lower than pre-eastern Europe war prices for all of 2023, I realise there is an element of future pricing in the industry but that must have corrected itself 3 to 6 months ago. How on earth are energy prices still so high?

[@timatkinson7972]

It means the rich will still be getting richer, simple.

[@SpeedfreakUK]

Given that they cut NI rather than income tax, which disproportionately helps workers, not really? I’m sure you’ll still find a way to bitch about increased business investment though.

[@richardh8082]

@@SpeedfreakUK Are you rich then? What a stupid comment

[@tonywright8294]

Why shouldn’t it ? They spend more = pay more tax for all you who moan about being poor.

[@Eptor7Gd]

​@@tonywright8294the sooner all politicians are consigned to history the better&take their neo liberal trickle down e"CON"omics to the grave the better for humanity!That includes all faceless sympathisers. GOVs and Central Banksters are the biggest crooks on the planet presiding over a Ponzi get Rich Quick Scheme thru FIAT monetary system backed up by sweet f a!

[@saltney17]

greedy@@tonywright8294

[@z-1il]

Keep going brother

[@garybullen5191]

Like you I had hoped for another NS&I offer suchs as the 6.20% 12 month bond that lasted for a relatively short time. I managed to move fast enough and had found it before you mentioned it. Made me feel more confident that you had also picked up on that deal. Fingers crossed for more offers in the near future. Martin, keep up the good work as it is really appreciated by many of us.

[@0KiteEatingTree0]

Great stuff from you and from your team, and thank you. But doesn't all this seem like a pre election bribe to help people forget the past 2 decades. We shouldn't celebrate just yet. Dolly Partons ' Liar Liar' was playing in the background here.!

[@Loves_life_84]

Housebound disabled long term sick told to work from home or loose benefits

[@emiliaamissah1968]

God bless you am happy you’re on KZbin 💃💃💃💃💃💃💃💃💃💃

[@antoniopalmero4063]

Cheers Martin .

[@barriewilliams4526]

What it means is, election time is not that far away🤔

[@Woodman-Spare-that-tree]

The local councils who run the polling stations have been told to make preparations for a general election in May

[@martinriley106]

If you’ve already paid in enough contributions for your full state pension you don’t need to make voluntary contributions (VC’s) to fill the gaps, it’s just a waste of your money. I contacted the HMRC over gaps in mine and was told you don’t need to make VC’s because you already have enough working years and contributions already. SO DON’T WASTE YOUR MONEY?

[@phueal]

That “if” at the start of your comment is doing a lot of heavy lifting in your argument. What if you haven’t already paid enough contributions?

[@user-hu1yi8ox9z]

Hes such a great man

[@johnhagen31]

Excellent - thank you!

[@karonmcgregor4753]

I've already had an email from my energy supplier to tell me they're charging me more from January - worst time of the year for an increase, imo.

[@margaretblack8538]

That's why they like winter, they earn more money and profits. They won't earn so much through the other 3 seasons.

[@TONE11111]

Your 'supplier', is an admin third party for national grid (govt). National grid cannot directly contract with a man/woman, so they have the fake 'suppliers' to con us into paying. The Meter serial number is registered with the 'supplier' and your contract links your account to that commitment/standing charge. Safely go bill-free by: 1. Closing the account/final payment cleared. 2. Professional electrician removes meter (kept for sending to octopus, although octopus don't own it) 3. Meter safety certificate done yearly to stop the authority checking for 'safety issues'. IECR certificate done. 4. The national grid cannot cut you off, as it already prepaid by income taxes.

[@guss2099]

Whichever way you look at it, the poor have been squeezed and the rich still laughing. These guys are traitors and should be dealt accordingly.

[@arabellacox]

They're not traitors, they've always been greedy baxtards! Let's hope the plebs don't vote them in again!

[@SusannaSaunders]

They should all be in jail in my opinion. For crimes against humanity.

[@buzybeeeee]

Thank you..I wish you were our Chancellor.. Your the only person I trust and you say it so I can understand it. I feel your on our side.. Please keep telling it like it is. I'm glad the lha is going up, I'm in the South East and my rent has gone up £400 since 2018 yet my rent benefit has stayed the same for 5 years. I've had to.make up £100 - £200 every year as the lha.was so.not reflective of.our average rent here...its been absurdly way low...xxx

[@The_Sisyphean]

Cheers.

[@paul_e123]

Holy sh**, I didn't know about that lifetime ISA penalty. I don't even have one but I feel sorry for anyone that does. That's absolutely outrageous

[@Bentheguitarist1]

But if you can afford a £450,000 property, why would you even need a LISA in the first place? its mainly meant for people struggling to get onto the property ladder

[@paul_e123]

@@Bentheguitarist1That’s besides the point. No one deserves to be penalised for saving. People’s plans can change. There are all sorts of reasons why someone might want to remove money from a LISA. Someone might decide to emigrate for example. And a LISA doesn’t have a short term either - it’s for life

[@machonugget]

why do people put up with this borderline slavery

[@barriewilliams4526]

So we can keep people like the guy who is busy destroying London in luxury that his fellow countrymen can only dream about🙃

[@EternityJMan]

Fast & informative, nice! To the peeps in need, no real help here. For some, a little bit…over a year (which can warm u in hindsight..). If you’re actually getting max (what ever that is/will Mount 2) out of it, u most likely pay it all back in income tax. Or there about. And those who really, really struggle, won’t get s**t! Again, Thanks for the (fast) walk-thru.

[@yscol1313]

Thanks Martin and team. One thing I was surprised you didn’t mention: fractional shares have been eligible in ISAs up until now (approved by HMRC and FCA) - it is only due to a reinterpretation of the law that they were to become ineligible. So the Gov are essentially just fixing a problem that they only just created on paper.

[@waynekerrr9027]

What about carers ? Nothing as usual .....

[@jamescatterall4832]

min wage will be the biggest. the gov. don't pay it. it is the employer, which hits small businesses, so expect people to start losing their jobs

[@graemestansfield6170]

It is nice to see that you can have more than one Isa's.