Prosecco Budget with a lingering hangover

Picture of bottles of Prosecco, which will have lower duty after yesterday's budget

Drown your sorrows in cheap fizz

Yesterday, I listened to Rishi Sunak’s Budget 2021 speech so you don’t have to. 

I got to sit through commitments to cut taxes in future, once we’ve shed some Covid-induced debt, while still promising to spend money hand over fist. 

The speech was pretty uneventful on the personal finance front, partly because so much had been leaked beforehand.

Instead, the Chancellor got to describe money for pot holes as an ‘infrastructure revolution’ and reduce tonnage tax to encourage more ships to fly a red flag. He also promised to chuck money at early years education and childcare, which sounded suspiciously like the Sure Start centres this government previously shut down. You couldn’t make it up. 

Here are the bits that actually affect the money in your pocket:

  • Fuel duty has been frozen yet again, which is a bit of a relief given petrol price rises recently
  • Tax on booze has been simplified so the stronger the drink, the more duty you pay. So that’s bad news if you have a serious Buckfast or White Lightning habit, but savings galore on Prosecco, rosé and fruit ciders. Drinkers will also save 3p a pint on draft beer in pubs.
  • Air passenger duty on internal flights will be reduced, which makes me want to bang my head against a wall because *ahem* climate change? Aren’t we meant to be flying less? Buy hey, great if you like quaffing champagne on short flights. However, if you fly really far after April 2023, there will a new pricier ultra-long-haul flight band of air passenger duty.
  • National Living Wage will go up next year, as leaked beforehand, to £9.50 an hour for those over 23. The National Minimum Wage for those aged 21-22 will rise from £8.36 to £9.18 an hour and the Apprentice Rate from £4.30 to £4.81.
  • People in work on Universal Credit should be able to hang on to more of the money they earn, because the Chancellor is raising the work allowance by £500 and cutting the earnings taper. This means that rather than losing 63p in every £1 of benefits, over a certain limit, Universal Credit recipients will only have 55p docked. That’s still a pretty painful marginal rate of tax, and will do little to counter the effects of removing the £20-a-week   extra Covid payment.

Ignored in the speech but buried deep in the paperwork where a few other surprises:

  • Council Tax could go up more than before, with Councils free to hike bills to pay for social care. 
  • Good news for low earners, who previously missed out free money on their pensions, just because their employers deducted contributions in a particular way. From 2025/26, the government will make top up payments for those in ‘net pay’ arrangements who previously didn’t benefit from tax relief because they didn’t earn enough to pay tax. This is a £53/year benefit for about 1.2 million people, predominantly women, who really need those extra pounds in their pensions.

And the lingering hangover? Well, issues with staff, supply chains, delivery and fuel costs mean we need to brace ourselves for higher prices. Knocking a bit off taxes on fuel, booze and flights won’t touch the sides. 

Plus as wage inflation ticks up, we’re all going to be paying more in tax. The Chancellor didn’t need to mention income tax threshold in this speech – because he froze them all in the Spring. 

The personal allowance – aka the amount you can earn each tax year without paying a penny in tax – is stuck at £12,570 until 2025/26. The point you start paying higher rate taxes, at £50,270, will also stay the same for the next 5 years. 

So gradually as pay creeps up over the years, the tax man will be taking more of our hard-earned cash, leaving us with less to cover rising living costs.

A raft of other allowances were also frozen: capital gains tax allowance at £13,200, the lifetime allowance for pensions at £1,073,100, the nil rate band for inheritance tax at £325,000 and the residential nil rate band at £175,000. If house prices and investments continue to rise, we’ll be paying more of those taxes too. 

So quaff cheap fizz while you can. Because with prices rising and the tax take creeping up, we’ll have less to spend on anything else.

Now – over to you. What do you think about yesterday’s Budget? Do share in the comments, I’d love to hear!

Previous post: Budget 2020 without the boring bits

Leave a Reply

Your email address will not be published. Required fields are marked *


  1. 28th October 2021 / 2:35 pm

    It’s interesting to read this as an American. I just keep thinking, you all have NHS and we just are at the mercy of insurance, drug industry and medical industry hiking things up year after year. Call me a lib or whatever nastier term conservatives want to call people who believe health care is a right, but I’d gladly change plans with UK for health care benefits for all.

    • Gardengoddess42
      28th October 2021 / 3:49 pm

      I’m a Brit who has lived in the US for 50 years and could not agree more.

        7th August 2023 / 1:37 am


        Good day Audience, I want to use this great medium to announce this information to the public about Mr MORRIS GRAY. few months back, I was seeking an online BTC investment plan when I got scammed for about $172,000. I was so down and didn’t know what to do until I came across a timeline about Mr MORRIS GRAY. so I reached out to him and to my greatest surprise, they were able to recover all the funds which I had previously lost to the Devils. I am so glad to share this wonderful news with you all because it cost me nothing to announce a good and reliable Hacker as Mr MORRIS GRAY, His direct email is Morris Gray 830 at gmail dot com, WhatsApp: +1 (607) 698-0239…..!!

      • Dave allen
        2nd December 2023 / 11:26 pm

        Investing on the cryptocurrency market has been a main source of income, that’s why knowledge plays a very important role in humanity, you don’t need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly in cryptocurrency(bitcoin) investment, just get in contact with Mr Bernie Doran my broker. I had almost given up on everything about binary trading and never getting my lost funds back, till i met with him, with his help and guidance now i have my lost funds back to my bank account, gained more profit and I can now trade successfully with his profitable strategies and software!!
        Reach out to him on Gmail (BERNIEDORANSIGNALS@GMAIL.COM) , or his WhatsApp : +1(424)285-0682 for inquiries

    • 25th January 2023 / 8:28 am

      I lost my Job few months ago,my wife left me ,could not get income for my family, things was so tough and I couldn’t get anything for my children, not until a met a recommendation on a page writing how Mr Bernie Wilfred helped a lady in getting a huge amount of profit every 6 working days on trading with his management on the cryptocurrency Market, to be honest I never believe it but I took the risk to take a loan of $2000. and I contacted him unbelievable and I was so happy I earn $22,500 in 6 working days, the most joy is that I can now take care of my family I don’t know how to appreciate your good work Mr. Bernie Doran God will continue to bless you for being a life saver I have no way to appreciate you than to tell people about your good trade management system. For a perfect investment and good strategies contact Mr Bernie Doran via WhatsApp :+1(424)285-0682 or Telegram : @Bernie_fx or Gmail :

  2. 29th October 2021 / 7:11 am

    I watched it. Got rather irritated at the whole load of ‘yay for us’ stuff at the start, seemed to go on for ever without him actually saying anything.
    There seemed to be a lot of giving with one hand and taking with the other too. People losing £20 uplift, gaining on the UC taper
    As a landlord, I’m feeling a bit like a sitting duck right now. Expecting a lot of taxation and even more regulation to come down the road

  3. Joan christopher
    24th January 2022 / 9:18 am

    I was depressed some Months ago due to how frustrating it is dealing with bad credits, but reaching out to HACK VANISH via Phone: +1 (747) 293-8514 and Email: HACK VANISH (@) GMAIL. COM gave my life a new meaning, after I found him credible through positive reviews I read on a credit blog, in a twinkle of an eye, this great hacker got my credit score restored from 509 to 784 across the 3 major credit bureaus, all evictions and repossession has been wiped off, my LexisNexis and Chex system fixed respectively, to my greatest surprise, some days later, I received an E-mail confirming the approval of my pending loan application. I can confidently say 2021 was an exceptional year for my husband and I as we are proud owners of a new home and a brand-new SUV courtesy HACK VANISH, I would definitely recommend him to anyone in need of a genuine Hacker.

    7th August 2023 / 1:35 am


    Good day Audience, I want to use this great medium to announce this information to the public about Mr MORRIS GRAY. few months back, I was seeking an online BTC investment plan when I got scammed for about $172,000. I was so down and didn’t know what to do until I came across a timeline about Mr MORRIS GRAY. so I reached out to him and to my greatest surprise, they were able to recover all the funds which I had previously lost to the Devils. I am so glad to share this wonderful news with you all because it cost me nothing to announce a good and reliable Hacker as Mr MORRIS GRAY, His direct email is Morris Gray 830 at gmail dot com, WhatsApp: +1 (607) 698-0239…..!!

    21st November 2023 / 12:24 pm


    I’m one of those few people who invested in the cryptocurrency market and was hoping to make enough profits after my retirement. Unfortunately, I had invested in a platform that was out to steal from me, I lost around $275,000 to this platform excluding the promised profits. I had lost every penny I invested into it including the money I had to borrow from friends. I thought it was all over until I came across a Cryptocurrency recovery expert, ETHICSREFINANCE SERVICE, who helped me recover my money from these fake investors. It took ETHICSREFINANCE 48 hours to recover my money and I was able to track down these people. I?m truly grateful for their service and I highly recommend them to anyone with the same problem.

    Email Address:
    WHATSAPP :+1 (719) 642-8467

  6. Manuel Franco
    1st December 2023 / 6:54 am

    I just want to say Thank You to everyone who supported me through the years. My name is Manuel Franco, New Berlin, Wisconsin. My story of how I won the Powerball lottery of $768.4M is a bit of a tale. I have been playing Powerball tickets for 6 years now since I turned 18. I bought my first ticket on my 18 birthday. I was feeling very lucky that day because I had contacted Dr. Odunga Michael to help me with the winning Powerball numbers. I really had that great great feeling that I looked at the camera wanting to wink at it. I only did a tiny part of it and trusted him. He gave me the numbers after I played a couple other tickets along with it for $10. I checked my ticket after the winnings came online and saw the numbers were correct including the Power play. I screamed for about 10 minutes because it felt like a dream. I had won $768.4M. You can check my winning testimony with the lottery officials just with my name search. Thank you Dr Odunga. Well, his email is and you can also call or Whats-app him at +2348167159012 so you guys can contact him

  7. Lyne Azabal
    26th February 2024 / 10:25 pm

    I Need A Hacker To Recover My Lost Investment? Go To Lost Recovery Masters

    Hello guys, I’m Lyne Azabal from France. In my investment with Acstons-Cc, I also lost 17 lakhs. Trading using the Acstons. cc app generated a profit of 197,153 USD after paying tax and a 25% fee, however they would not release my profit and all of my Bitcoins were frozen. I called my pals, who suggested I try LOST RECOVERY MASTERS, and to my astonishment they were able to assist me get back 89% of my money. Despite the fact that I didn’t get all of it back, I’m still really appreciative of LOST RECOVERY MASTERS
    For advice on recovering cryptocurrencies, get in touch with Lost Recovery Masters You can also ask them questions about any firm you wish to deal with.
    Contact them:  Whatsapp (+44(7537)-105921) Email ( Learn More

  8. Darehtil Darehtil
    5th March 2024 / 3:42 pm

    Бездепозитные бонусы в мобильных играх: как получить доступ к бесплатным ресурсам на вашем смартфоне или планшете? Что делать после использования бездепозитного бонуса? Стратегии для увеличения своего банкролла и улучшения игрового опыта. Это и многое другое Вы можете узнать в телеграмм канале ramenbet casino бонус

  9. zam zam
    25th April 2024 / 8:23 am

    BE SMART AND BECOME RICH IN LESS THAN 3DAYS….It all depends on how fast 
    you can be to get the new PROGRAMMED blank ATM card that is capable of
    hacking into any ATM machine,anywhere in the world. I got to know about 
    this BLANK ATM CARD when I was searching for job online about a month 
    ago..It has really changed my life for good and now I can say I’m rich and 
    I can never be poor again. The least money I get in a day with it is about 
    $50,000.(fifty thousand USD) Every now and then I keeping pumping money 
    into my account. Though is illegal,there is no risk of being caught 
    ,because it has been programmed in such a way that it is not traceable,it 
    also has a technique that makes it impossible for the CCTVs to detect 
    you..For details on how to get yours today, email the hackers on : ( < Tell your 
    loved once too, and start to live large. That's the simple testimony of how 
    my life changed for good…Love you all .

  10. Yanira Alvarez
    23rd May 2024 / 2:41 pm

    Real spell casters are hard to find but I am happy to thank Lord Krish for helping me win the lottery successfully after trying so many spell casters and I found my happiness in Lord Krish. I was given the lottery numbers by him which made me the third highest lottery winner in history and this is all thanks to you sir. Winning the lottery is something everyone would like to feel especially with a trustworthy spell caster. I, Yanira Alvarez, won the Powerball lottery in Los Angeles and I really thank Lord Krish because after I contacted him, he told me to only provide the spiritual items for him to do it for me and I didn’t hesitate to give him what he required so I could win it. I have tried so many spell casters who seemed real but only Lord Krish numbers gave me the winnings. I won the Powerball Jackpot of $1.08 billion and I am here today to share my experience to those willing to win the lottery as well. Take this opportunity to contact Lord Krish Spiritual with his email: and also share your experience with others.

The contents of this blog are for information and ideas, and should not be viewed as financial advice. Use of the material is conditional on there being no liability for how you choose to use it. If you are unsure about any investments or financial issues, please contact a financial adviser.