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Autumn Budget 2025: savers are getting screwed

If you’re concerned about how the 2025 Autumn Budget might affect your savings, you’re not alone. The changes announced by Rachel Reeves have made an already challenging environment even more difficult for savers, with several key measures clearly pensalising savers, including:

  • The annual cash ISA allowance for under-65s will be reduced from £20,000 to just £12,000. 
  • A 2% tax rise on savings interest means your cash now earns even less. 
  • Meanwhile, inflation is eroding the value of your savings and interest rates can’t keep up.

New data has revealed there are 6.4 million UK current accounts containing £10,000 or more, earning no interest at all. That’s a lot of people who are getting short changed by the new budget measures. If you’re one of them, you’re right to be concerned. However, there is an alternative to this broken system – gold.

Gold vs The Pound

With UK inflation (CPIH) still sitting at around 3.9% according to the Office for National Statistics, savers are already facing an uphill battle just to maintain the real value of their money. Most ISA accounts only pay around 4% interest, with even the top deals on the market only offering around 4.5%. So even with the best ISA accounts, your savings are barely keeping up with inflation.

Meanwhile, gold has grown by over 50% in the last year alone, dramatically outperforming the pound sterling and demonstrating its power as an inflation-beating asset. And this isn’t just a short-term trend either. Since the year 2,000, gold has delivered an average annual return of around 11% against the pound, highlighting its long-term strength as a reliable store of value and a proven wealth-preservation asset.

The maths is straightforward. Over the last 12 months:

  • £10,000 in an ISA would be worth around £10,450 today
  • £10,000 in gold would be worth around £15,000 today

When you factor in the new penalties on savers announced in the Autumn budget, it’s clear that owning gold has never been more important. Inflation is eroding the purchasing power of your pounds and the Government is squeezing you even further. Gold, on the other hand, doesn’t punish you for saving, it rewards you. 

And there are solid reasons to suggest that gold’s price will continue to grow for many years to come.

The Tide Is Turning

The data is clear – a growing number of Brits are investing in gold. In the first seven months of 2025, UK gold account openings rose by 144% year on year. This is a sign that people are moving away from saving their money in banks, preferring gold as a way to preserve their wealth.

Until recently, owning gold wasn’t simple. You either had to buy physical gold coins or bars, which come with storage and insurance responsibilities, or invest in a gold ETF, which means you don’t actually own the gold itself, merely a paper representation of it. More importantly, neither option offers spendability – you can’t buy things with physical gold or ETFs.

But we’re living in the technology age now, and TallyMoney has managed to bridge that gap. A TallyMoney account lets you own gold you can actually spend. You can convert your pounds into gold instantly, and spend it whenever you want just like you would with cash. Your account comes with a TallyMoney Mastercard debit card that you can use worldwide. Your gold instantly converts back to the local currency at the time of purchase.

When you consider how inflation is eroding the value of the pound, along with other fiat currencies, how savers are being increasingly penalised for storing their money in banks, and how gold is becoming more user-friendly thanks to the technological upgrade TallyMoney provides, it’s clear the tide is turning. 

If you are fed up with being penalised for saving diligently, then consider opening a TallyMoney account, and take back control.

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Real World Examples

  1. Fancy a coffee? Use your TallyMoney Mastercard. Boom – paid. (Yes, you’re buying a flat white with gold. How amazing is that?)

  2. Need cash? Use any Mastercard ATM worldwide or spend across the globe. ZERO fees from us, ZERO markup. (When you spend or withdraw, your gold converts instantly at the global spot price. No catches, no hidden charges – just straight-up Mastercard exchange rates. Because your money shouldn’t cost you… more money.)

  3. Want some money back in your bank? Just tap ‘transfer’ in the app. (Though after a while, you might wonder why you’d want to…)

    Zero faff. Zero waiting. Zero fees when you spend tally.

Meet Cameron Parry

Meet the guy who wouldn’t accept being trapped in a ‘heads they win, tales we lose’ government-run monetary system that protects and benefits the financial institutions, to the detriment of the public. Where people’s deposits are constantly at risk, and losing value through inflation caused by central bankers and politicians.

If necessity is the mother of invention, then frustration may be the roommate’s cousin of motivation. In any case, he decided to stop getting mad and start a new monetary system with sound money. Where deposits serve the depositor, where savings build wealth for savers, and transactions are made in a familiar way. And he called it TallyMoney.

TallyMoney: Gold upgraded

With TallyMoney:

  • Your pounds instantly become physical gold (1 tally = 1mg of real gold)
    Stored in Swiss vaults (not under your bed)
  • Fully insured and allocated (actually yours, not a paper promise)
  • Spend it anywhere with your TallyMoney debit Mastercard
  • Transfer back to pounds instantly if needed (but why would you?)

We’re not anti-bank because it’s trendy. We’re anti-bank because the current system is rigged against you. Every day you leave money in a “savings” account, you’re funding their profits while your wealth evaporates.

Enter gold: the original currency

Why gold? It’s value is universally acknowledged.

  • It’s not controlled by any single government
  • It can’t be printed or manufactured
  • It’s actually scarce 
  • It requires effort to extract it 
  • It doesn’t rust, decay, or disappear
  • It has remarkable properties

So while the pound’s lost 50% of its value since 2004, gold’s grown by 146% in the last decade alone. While your bank savings got mugged by inflation, gold owners were laughing all the way to… well, not the bank.

But here’s the rub: Traditional gold ownership is a right pain. Buy physical bars? Prepare for storage fees that’ll make your eyes water, insurance premiums that never end, and a 5-10% haircut when you need to sell. Plus, try buying your weekly shop with a gold ingot.
Paper gold ETFs? They’re classed as Tier 3 assets for a reason – that’s financial speak for “risky as hell.” You don’t own gold, you own a promise. A tradeable IOU. And when everyone wants their gold at once? Good luck with that. So you’re stuffed either way: real gold that’s impossible to use, or fake gold that might not be there when you need it.
Until now.

The truth about inflation

How? Well, when politicians overspend (and they invariably do), they need more money to ‘stimulate the economy’. But raising taxes makes voters angry. So what do they do? They fire up the money printer, and boy do they love to print. To give you a sense of the scale, since 2015 the Bank of England has created £520bn out of thin air through “quantitative easing” (electronic money printing) plus £86bn in physical currency. 

Thing is, more pounds in circulation = each pound is worth less. Think about it: In 2004, £100 could buy you a decent night out, theatre tickets, and a cab home. Today? That same £100 barely covers the theatre tickets. Your money didn’t disappear – it was diluted, like someone’s been topping up your whisky with water when you weren’t looking.

The “2% inflation target” they bang on about? That’s them telling you they plan to steal 2% of your wealth every single year. And calling it healthy.

How TallyMoney actually works?

  1. First things first: we’ve got actual gold bullion* (none of that paper-promise nonsense) locked up tight in a Brinks vault in Switzerland. Yeah, those Brinks – the security legends who’ve been protecting valuables since Queen Victoria was on the throne.

  2. You send your pounds to your TallyMoney account (bye-bye, inflation-addicted fiat!).

  3. We use the global gold spot price to instantly turn your currency into its weight in gold. No hidden or fuzzy exchange rates, just the real market gold price + 1.49% gold purchase fee.

  4. Each milligram of your physical gold = 1 tally (we keep it decimal because no one wants to faff about with troy ounces – the specific unit for measuring gold).

  5. That’s it! Your app shows your balance in tally, but remember – those aren’t just numbers on a screen. That’s your solid gold, in milligrams, sitting pretty in Switzerland.
  6. You can now save and spend your gold as you see fit.

*All Tally gold is sourced from LBMA-accredited providers because we’re rebels with a cause… and standards. Instead of tracking the gold price per kg, your money is directly converted based on the real-time global gold spot price.

TallyMoney is 
real money

  1. Store of value
    Your gold sits in a Swiss vault (not getting ‘quantitatively eased’ away)
    Evidenced by 5,000 years of holding its value
    Can’t be inflated by government whim and fingers on the ‘currency print’ button
  2. Medium of exchange
    Spendable at 150+ million shops worldwide (thanks, Mastercard)
    Currency converts instantly at market rates (no sneaky margins)
    Moves as quickly as sending a text 
  3. Unit of account
    1 tally = 1mg of gold. Simple
    Stable enough to actually plan your future with
    Speaks every currency’s language (gold’s kind of a big deal everywhere)

This is why TallyMoney is so much more than just owning Gold – it’s a real financial revolution. We’re not just helping you own gold; we’re bringing back what money was always meant to be. Sound Money for a Brighter Future. Because your hard work and wealth deserve better than being slowly robbed by external forces.

We want you to have real money

  1. A store of value:
    Keeps its value over time
    Insulated from devaluation/inflation
    Actually rare and can’t be created out of thin air
  2. Medium of exchange:
    Easy to use for everyday transactions
    Widely accepted
    Can be transferred efficiently
  3. Unit of account:
    Works like a proper value-measuring stick (imagine if your ruler shrunk every year – mad, right?)
    Splits nicely into useful bits
    Reliable enough to plan your future with

Why does this matter? Because your hard work deserves better than being turned into monopoly money by someone else’s actions. Every time your currency loses value (inflation) its stealing from your past work, which harms your present savings, and your future dreams.