Summary
People in Worcester have shared their thoughts on the recent Budget announced by Chancellor Rachel Reeves. Some residents are concerned about tax increases, while others believe the changes will help those in need. The Budget removes the two-child benefit cap, increases pensions, and introduces new taxes on electric cars and luxury homes.
Key Facts
- The new Budget removes the two-child benefit cap, allowing families to get benefits for more than two children.
- Pension payments will increase by 4.8%, benefiting retirees.
- A new tax will be introduced on homes worth over £2 million.
- The Budget includes a tax on electric vehicles and potential future fuel duty increases.
- Rail fares will remain the same, and taxes on smoking and alcohol are increased.
- Some residents are concerned that tax increases will impact working people.
- The Budget aims to place the largest tax burden on wealthier individuals with high-value properties and savings.
