I’m sure the first reaction of most will be ‘easier said than done’. If you’re in you, or more likely given my target audience, your offspring are in your or their twenties, every penny of that mythical £460 a month is likely to be needed. Probably for rent or, who knows, maybe a mortgage if you’re one of the dwindling numbers of under-40-something property owners. Or, if you’ve started what will nowadays be considered young, to feed young mouths. Of course, you may be auto-enrolled to save something into a pension, but unless you more than double the average that’s going in, that won’t get you to pension millionaire-hood. However, something is better than nothing, and my savings message is always, find out what you can afford to do (bit of maths required), put some to pension, some to ISA and some into the bank. And you’ll be heading in the right direction.
“Rachel Reeves may be forced to raise taxes”
Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.