Oct 302 min read

Budget Forecast vs. Reality: What Your Payslip Has to Say

The UK’s Autumn Budget announcement has wrapped up, and as the dust settles, we’re left to sift through what was forecasted, what we actually got, and what it means for our payslips (yes, they’re trying to squeeze a bit more out of them). Here, we’ll highlight the major takeaways and surprises, along with some advice for when you next check your wage slip and think, “Where did that go?”.

Forecast vs. Reality

Before the Budget dropped, the expectation was that we’d see:

An uptick in the National Living Wage – which did happen, hitting £12.21 per hour.
Stable income tax rates – indeed, no changes there.
Potential tweaks to inheritance tax, which, as predicted, now include taxes on pension pots starting in 2027.
Hopes for fuel duty stability – a wish that’s still on the fence.

What We Got:

The Budget’s big headline for most folks? The 6.7% minimum wage hike. Not only will this mean a little extra for workers, but it also comes with some expected price rises in retail and hospitality (where payrolls are heavy). A quick glance at your payslip might show the new rates sooner than later. Taxes like VAT and income tax stayed the same, but the freeze on income tax thresholds and potential tweaks to capital gains tax means it’s still worth watching your deductions closely.

Key Takeaways for Employees

Expect slight increases in take-home for minimum wage workers, but don’t bank on much more wiggle room in disposable income, especially with energy prices and potential fuel duty hikes looming. For everyone else, the lack of change in thresholds (a freeze on the personal allowance) means inflation will continue to nibble at real income. Looking forward, this is one Budget where the big-ticket changes may just trickle down rather than make waves, though future adjustments on savings taxes could impact those with pension plans or capital gains in the works.

So, when you see that wage slip, a small jump in your hourly rate might feel like a win – just remember the Budget giveth, and, in some ways, the Budget taketh away. Keep an eye out for any savings or pension-related tweaks in future announcements, and make sure you’re still set for any tax adjustments down the line.

The Stars of a Christmas Dinner

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12 December 2024

Paul Francis

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Ah, Christmas! The day when diets are forgotten, stretchy trousers reign supreme, and the dinner table groans under the weight of a veritable feast. Let’s dive into seven of the most popular items gracing the plates of Christmas dinners across the UK. And, of course, we’ll explore the delicious variations that keep family traditions alive and well.

1. The Turkey – The Christmas Dinner Main Event

The golden, roasted turkey is the undisputed star of most Christmas dinners. Whether you opt for a whole bird, a crown, or a stuffed breast, there are countless ways to make it your own. Some families wrap it in bacon, while others inject it with a sage and butter marinade. Don’t forget the crispy skin – the ultimate chef’s treat! For those who find turkey a tad dry, brining has become a game-changer, while others might swap turkey for goose or duck to mix things up.

2. Roast Potatoes – The Crispy King

If there’s one side dish that could rival turkey’s crown, it’s roast potatoes. Crispy on the outside, fluffy on the inside, these golden beauties are a Christmas essential. Whether cooked in goose fat, olive oil, or beef dripping, they’re all about achieving that perfect crunch. Some sprinkle rosemary or thyme, while others go rogue with parmesan and garlic. And let’s be honest, everyone argues over who gets the crunchiest bits.

3. Good Gravy – The Unsung Hero

Gravy might not get the glamour shots, but it’s the glue holding the whole dinner together. Rich, meaty, and brimming with flavour, it’s the saviour of dry turkey and the perfect accompaniment for roasties. While classic turkey drippings form the base, some add a splash of sherry, redcurrant jelly, or even Marmite for a deep umami kick. Just don’t skimp – there’s nothing worse than running out of gravy halfway through.

4. Pigs in Blankets – The Snackable Side

Mini sausages wrapped in crispy bacon: could there be a more delightful duo? Pigs in blankets are often the first thing to disappear from the table. Some adventurous cooks experiment with maple-glazed bacon or add a herby twist with sage leaves tucked inside. Others elevate them to a main course by making giant versions or wrapping them in puff pastry for a festive sausage roll vibe.

5. Yorkshire Puddings – A Northern Treat Gone National

While traditionally served with roast beef, Yorkshire puddings have secured their spot at Christmas dinners everywhere. The key to perfection? A hot oven, sizzling oil, and a batter that’s whisked until your arm aches. Some families make them the size of dinner plates and use them as edible bowls for gravy. Whether big or bite-sized, they’re a showstopper.

6. Sprouts with Bacon – A Modern Revival

Brussels sprouts have had a major glow-up in recent years. Gone are the days of soggy, boiled nightmares. Today, they’re roasted, pan-fried, or even deep-fried. Adding bacon (or pancetta for the posh crowd) takes them to the next level, while chestnuts or a drizzle of honey can add a touch of sweetness. For a crunchier twist, sprinkle them with toasted cashews or almonds.

7. Stuffing – The Flavour Bomb

Stuffing comes in many guises, but the two main camps are sausage meat stuffing and sage and onion. Both have their merits! Sausage meat is rich and indulgent, often spiked with cranberries or apricots for a sweet touch. Sage and onion is lighter but packed with herby goodness. Some adventurous cooks experiment with chestnuts, apples, or even black pudding. Whatever the recipe, stuffing is a must-have.

No matter how you serve these Christmas classics, they’re sure to bring joy to your table. Just don’t forget to save room for dessert…