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Budget 2005 Summary
Investing for our future:
Fairness and opportunity for Britain's hard-working families
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Household income
  • Compared with last year, a single earner couple with two children, with earnings up to the median for full time workers ­ £23,400 per year ­ will be at least £150 a year better off in real terms.
  • As a result of personal tax and benefit measures introduced since 1997, by October 2005, families with children are, on average, £1,400 a year better off in real terms, while those in the poorest fifth of the population are, on average, £3,200 a year better off. A single earner family with two children, on average male earnings of £31,000, is £205 a year better off in real terms.

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