Budget 2024: 'I just about make ends meet on £21,500 a year'
Published On Oct 28, 2024, 8:05 PM
The article discusses the financial struggles of several individuals in the UK in light of upcoming budget announcements. Many express concerns over rising costs, insufficient income, and the impact of government policies on their financial stability. For instance, people like Hannah Clarke, an aspiring midwife, and Luken Coleman, an apprentice, share their difficulty in making ends meet or achieving independence due to low wages and high living costs. Others, like Yasmin Taylor, highlight the heavy burden of childcare costs despite earning a significant salary. There are also concerns about potential cuts to benefits that many vulnerable groups rely on, like Nicole Healing, who fears impacts from government expenditure reviews. Overall, the sentiments reflect a pervasive worry about the cost of living and the effectiveness of government support.
Stock Forecasts
VGI
Positive
With ongoing discussions about potential tax increases and expenditure cuts in the UK, companies that provide services and products that cater to low and middle-income households may see fluctuations in demand. Utility providers or consumer goods companies may be in focus as people navigate tightened budgets. Furthermore, the education and childcare sectors may experience increasing demand due to heightened focus on these areas in the budget.
SPY
Positive
Given the increasing pressure and expenses reported by individuals like Yasmin Taylor and others, companies involved in affordable housing solutions or childcare support services might face opportunities for growth. Their needed services may draw more attention and investment.
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