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Tuesday, Oct 20, 2026

Challenges Faced by Individuals in Budget 2024

Analyzing financial struggles across different income levels
The upcoming Budget 2024 announcement will detail tax rates and government spending on key services like the NHS and education.

BBC News has gathered perspectives from individuals across varying income levels to discuss their expectations and uncertainties regarding the Budget.

1. Hannah Clarke, a mother of two from Rutland, East Midlands, earns approximately £21,500 a year.

Juggling full-time studies and part-time work as a beauty technician, she navigates rising mortgage rates and struggles to make ends meet.

Hannah advocates for free school meals without means testing and opposes heightened fuel duties.

2. Luken Coleman, earning £1,500 a month as a Level 3 business administration apprentice in Newbury, struggles to move out of his parents' home due to high living costs.

Luken calls for higher apprentice wages to reflect the high cost of living and boost independence.

3. Yasmin Taylor, a tech consultant and single mother from Kent, earns £150,000 annually but faces significant childcare expenses totaling £2,600 monthly.

Excluded from child benefits, Yasmin is concerned about rising energy bills and prospective changes to Capital Gains Tax that may impact her future career decisions.

4. Kirsty Brett, a part-time cleaner in Suffolk, earns minimum wage and receives £550 monthly in Personal Independence Payments due to osteoporosis.

She aspires to see a hike in the National Living Wage to cover escalating living costs and searches for affordable housing.

5. Nicole Healing, residing in Brighton, lives on £2,750 monthly from various benefits due to disabilities.

Nicole expresses anxiety over prospective Budget cuts to benefits and seeks clarity on support for disabled individuals.

Rising energy bills and housing costs exacerbate their financial strain.

6. Andrew Cunningham, a self-employed web developer in Glasgow, is concerned about potential limitations on tax-free ISA savings and pension tax relief changes, which might deter middle earners from saving.

He is preparing for a future with potentially limited state pension benefits.

7. Ben and Sarah Howard, from Bristol, jointly earn £100,000 but foresee financial tightening, particularly with increased mortgage payments and upcoming childcare costs.

Ben doubts political promises on taxations and anticipates post-Budget financial constraints.

8. Allana Lamb, a retired army and navy veteran in her 70s, survives on a £1,200 monthly pension but struggles with steep living costs.

She criticizes the Budget for favoring the wealthy and believes social care cost thresholds are insufficient.
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