MSE Poll: Will you be better off in a year's time?

Former_MSE_Laura_B

Poll started 2 March 2021

It's Budget week, the time the Chancellor reviews the national finances and presents forecasts for the economy. So this week, we want to know about your forecasts for your own finances over the coming year. Have the plans to emerge from lockdown given you confidence you'll be better off, or do you think things will get worse?

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[Deleted User]

Slightly better off / much the same.
Turned down literally today a FTC which would have ended about this Aug/Sept mainly just not knowing how the country might look like then and managing out of work and want desperately not to cry on my 40th in the Autumn if then unemployed! In the end the risk was to much.
Better news again today, the more perm position increased it's offer salary from 17k to £18,200 so that is something, definitely a help towards travel. Hope I can make it work.

Murphybear

We have saved a lot of money over the last year due to lockdown. As we are retired our income is fixed so won’t have any problems in that respect.  As soon as things are “the new normal” we will make the most of it and have lots of trips out and meals when we go shopping.  We bought petrol yesterday and were horrified how much it had gone up recently.  We will definitely spend more.

Looking at the worldwide Covid news there are a lot of concerns about the new strain from Brazil.  There are no guarantees that things won’t get worse and we need more lockdowns.  How the country could afford this is very worrying 

MattMattMattUK

Almost certainly, the closure of large parts of the economy due to the government's response to Covid has seen my income fall by around 85%. Whilst I do not expect my income to recover to pre-Covid levels within a year it will still make a significant recovery, so I will be better off even though I will still be worse off than pre-Covid.

silverwhistle

I'll be better off.. I start getting my state pension next month!

CKhalvashi

MattMattMattUK said:

Almost certainly, the closure of large parts of the economy due to the government's response to Covid has seen my income fall by around 85%. Whilst I do not expect my income to recover to pre-Covid levels within a year it will still make a significant recovery, so I will be better off even though I will still be worse off than pre-Covid.

Very much the same position here. We're working now to expand into other areas while we have an available team to do so, and 2 new countries will be appearing for us in the next 2 months (actually, 1 already has, last did any business there in 2013, however this is larger than the single contract previously).

It's now just a case of figuring out how much time needs to be put into each of the 11 projects currently being run (6 new), where these will be based and how much will need to be invested into each to make it worthwhile (because whilst not insolvent, we are split now between cash preservation and growth rates).