The UK Autumn Budget has been announced and predictably, it’s filled with tax hikes and penalties for savers and hard-working Brits. When you examine the changes, it’s the same old story: you’re forced to pay more while getting less in return.
Here are the key talking points from the budget announcement:
- Tax hikes and tax threshold freezes
- Rises in National Insurance
- Higher tax rates on dividends and savings income
- Cuts and caps to pension/ISA allowances
- Higher government borrowing
- Savers continue to be penalised due to inflation eroding the value of the pound
We’ve seen it all before: policy flip-flops, pensions squeezed, taxes hiked. And the outcome is always the same: your savings are systematically eroded by inflation and the debasement of the pound. How are you supposed to plan for the long term when the goalposts keep shifting?
This is precisely why it’s so important to own gold. During times of rampant inflation and political chaos, gold offers stability, and long-term wealth preservation, outside the fragility of the financial system.
Inflation Is Not An Accident
Regardless of what a Chancellor announces on Budget Day, they can’t legislate away inflation.
The pound has been steadily losing value for decades and it’s by design. The government spends money on programmes and initiatives it can’t afford and then simply prints new money into existence to plug the gap. The result? You foot the bill. The money you’ve saved your whole life is worth less and less over time. They even have targets for how much they want your money to lose value year on year! That’s how this works.
The UK’s national debt is now at record highs of approximately £2.7 trillion. This is so high that just paying the interest each year is over £100 billion. To put that into perspective, that’s more than we pay on education and policing combined!.
When you realise the scale of our national debt crisis, it becomes clear that no amount of tax hikes are going to “get us back on track” because the system itself is broken. Inflation is a stealth tax that is making us systematically poorer.
Why Owning Gold Is So Important
As the government continues to debase the pound by printing new money into existence, the people who are hit the hardest are those who have saved diligently their whole lives. The uncomfortable truth is that the pounds sitting in your bank account are losing purchasing power every year.
Meanwhile, gold has grown by over 100% in the last three years alone. And whilst the value of gold does fluctuate in the short term, given the long term, structural drivers behind gold’s growth, its price surge looks likely to continue for years to come, as we’ve covered recently.
For thousands of years, gold has been used as a way to preserve wealth during times of inflation and currency debasement. It’s an asset that holds its value while fiat currencies shrink. This is why we are seeing more and more Brits invest in gold. In fact, In the first seven months of 2025, UK gold account openings rose by 144% year-on-year.
TallyMoney Gives Gold An Upgrade
Gold’s strength has always been its stability and long-term wealth preservation. However, until now, fiat currencies like the pound have always had one big advantage over gold – being able to buy stuff. TallyMoney has levelled the playing field by letting you own gold you can actually spend.
With TallyMoney, you can own real, LBMA-certified gold that you own outright. It is fully insured and stored securely in Swiss vaults on your behalf. You also get a TallyMoney Mastercard® that lets you spend your gold whenever you want, worldwide.
In short, you get an alternative to this broken system. A way to get the best of both worlds – the long-term wealth preservation of gold with the spendability of cash.
Open your TallyMoney account now and give your savings the asset-based protection they deserve.
