Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 11°C

ESTD 1874 Search

Budget 2014: Support for savers means little to family who can’t save

17:38 19 March 2014

Budget family case study - Dan and Naomi Turrell and their children Jake, 8, Daisy, 6, and Ben, 2, at home in Wilby

Budget family case study - Dan and Naomi Turrell and their children Jake, 8, Daisy, 6, and Ben, 2, at home in Wilby

Archant

This year’s Budget announcement provoked mixed reaction in the Turrell household.

shares

Dan and Naomi live in a privately rented home in Wilby, near Stradbroke, with their three children Jake, Daisy and Ben.

George Osborne’s Budget for “makers, doers and savers” raised little cheer for the couple, who struggle to put any cash aside.

An increase in personal tax allowance offered some comfort, but the cost of living still remains prohibitive.

Childcare subsidy and a fuel duty cap came as welcome news, but the Government’s Help to Buy scheme remains out of reach despite the Chancellor extending the scheme’s equity loan element to 2020.

Mrs Turrell, head receptionist at a local hotel, said: “Fuel duty not going up will make a massive difference to us, but not much seems to be happening in terms of the cost of living. The Government can’t control everything, but we find that food prices are increasing all the time.

“We would love to live in our own house, but we’re unable to even consider it. We see nothing of our salary. My husband’s wages are our bread and butter, while two-thirds of my monthly pay goes on rent. When all of the children are at school, the Help to Buy scheme may be more within reach, but even a 5% deposit comes with its own concerns.”

shares

0 comments

David McGoldrick signs autographs at Portman Road.

A record-breaking crowd of more than 8,000 Ipswich Town fans flocked to Portman Road for the club’s annual open day today.

Four people have been arrested after a cannabis factory was found in premises in Mickfield Road, Stonham Aspal.

The incident happened on Norwich Road in Ipswich, oppositve Coes department store.

An Ipswich police constable involved in an alleged road rage incident has been convicted of dangerous driving by a jury at Norwich Crown Court.

The latest encampment on Holland Marshes.

Efforts are continuing today to move travellers from two sites in Tendring.

Lord Alan Sugar

A 17-year-old boy from Preston has been ordered to pay Lord Alan Sugar £100 in compensation after sending him an offensive tweet.

Cambridge archaeologists and the Touching the Tide Heritage Lottery Funded project has linked up for a major archaeological dig at various sites around Dunwich - Suffolk's famous

A new dig in Dunwich is hoping to reveal all the secrets of Suffolk’s lost city.

Police are investigating the incident

Burglaries have taken place at two businesses in Hamblin Walk, Woodbridge this week.

An energetic white-beaked dolphin spotted off the Northumberland Coast on Saturday.

A number of “unusual” and “exciting” sightings of white-beaked dolphins have been made off the coast of Suffolk.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Police are investigating the incident

Police are investigating after a 45-year-old man was assaulted in Cotmer Road, Lowestoft.

Most read

Most commented

Topic pages