The Budget Winners & Losers

The video covers the impact of budget changes on different individuals. The Tankard family discusses their financial concerns, while James faces new property tax implications. Virginia Tolosa reacts positively to tax rate cuts, and Paul Tankard benefits from changes in tax thresholds. However, pensioners express dissatisfaction with frozen tax allowances. The budget appears to favor working individuals but poses challenges for those no longer working.

What financial challenge is the Tankard family particularly concerned about?

• Changes in child benefits and higher rate taxes

• High utility bills

• Rising cost of groceries

• Increasing mortgage rates

Why does James reconsider his property investment?

• The property needs extensive repairs

• Interest rates are too high

• The property market is declining

• Stamp duty on expensive homes has increased

What tax change is Virginia Tolosa pleased about?

• Increase in personal tax threshold

• Introduction of a new property tax

• Reduction in the top rate of tax and corporation tax

• Decrease in VAT

How does the rise in the personal tax threshold benefit Paul Tankard?

• It helps him pay off his mortgage faster

• It increases his eligibility for government benefits

• It reduces his overall tax burden

• It allows him to invest more in his business

What is the reaction in Exeter to the freezing of income tax allowance for pensioners?

• It is met with disappointment

• It is seen as beneficial for the economy

• It is ignored by most residents

• It is welcomed as a necessary measure