Navigating Uncertainty: A Counsellor’s Perspective on the UK Budget

The UK Budget announcements are closely followed events, impacting everything from household expenses to mental health services. For many, these updates represent the pulse of economic stability—or instability—that shapes their daily lives. This year’s budget is no exception, with shifts in financial support, public funding, and potential tax changes sparking conversations and, often, anxieties. Here, I explore how these economic adjustments may affect individuals and families psychologically and how we might respond with resilience, self-care, and community support.

Economic Change and Mental Health Economic changes often lead to shifts in personal wellbeing, especially for those already managing mental health conditions or financial strains. When facing increased financial pressure, our bodies naturally activate a “fight-or-flight” response. Stress hormones, including cortisol, spike, which can be beneficial in the short term for quick decisions. However, when sustained, such stress takes a toll on both physical and mental health, leading to feelings of exhaustion, anxiety, and, in some cases, depression. This is particularly relevant during budget changes that affect benefits, tax relief, or essential public services. Cuts or changes in these areas can leave many feeling vulnerable, especially those who rely on these services for their wellbeing. It’s important to remember that while the economy may fluctuate, our coping mechanisms can adapt, helping us remain resilient even in challenging times.

Managing Financial Stress Financial stress can quickly feel overwhelming, particularly when budgets tighten and resources diminish. Often, this stress manifests in several ways.

• Relationship Strain: Financial pressure and hardship can impact our closest relationships, leading to conflict or withdrawal. Miscommunication about finances, or even the avoidance of these conversations, can create distance in partnerships or within families.
• Loss of Focus on Goals: When financial pressures mount, it’s easy to lose sight of long-term personal and professional goals. Financial worry can bury ambition, leaving people feeling stuck or uninspired.
• Reduced Capacity for Self-Care: Taking time for oneself can feel “luxurious” during difficult times, but self-care is essential. Financial stress often leads people to avoid activities or habits that bring joy, adding to the emotional toll.

 As a counsellor, I see these challenges often, and it’s a reminder that prioritising mental health—even in small, consistent ways—can be helpful. Practicing self-compassion during challenging times is essential. Try to avoid judging yourself for feeling anxious and acknowledge that these emotions are natural responses to external pressures. 

Practical Tools for Emotional and Financial Resilience Though economic policies are out of our control, we can take steps to manage the negative emotional impact they have on us. Here are a few approaches to consider for raising both emotional and financial resilience.

•  Build a Supportive Network: Connecting with those who understand your experience can be tremendously supportive. Friends, family, or support groups can provide both practical help and emotional comfort. If you are unable to access in-person support, online communities focusing on financial wellbeing and mental health are available and can help create a sense of shared experience. 
• Set Manageable Goals: Financial challenges can feel overwhelming, so breaking down financial goals into smaller, achievable steps can make them feel more manageable. Even small changes, like budgeting some time for self-care or adding small amounts to a savings fund, can foster a sense of control. 
• Practice Mindfulness: Mindfulness techniques can help with focusing on the present rather than catastrophising future scenarios. Practising simple breathing exercises or grounding techniques can alleviate stress by reminding us of what is immediately within our control. This isn’t to ignore financial concerns but can help prevent them from consuming our emotional space entirely. 
• Limit Exposure to Stressors: Staying informed is important, but constant updates on financial news can trigger further anxiety. Set limits around your media consumption and try to focus on information that directly impacts you rather than getting lost in uncertain news stories. 
• Seek Professional Help When Needed: 
• The impact of financial stress on mental health is significant, and for some, self-help strategies may not be enough. Speaking with a counsellor can provide a safe space to explore these emotions and you can build coping skills tailored to your situation.
  

Recognise the Bigger Picture 

It’s easy to feel isolated when managing financial stress, especially if media narratives focus on individual responsibility rather than systemic issues. Remember that financial hardship is often part of a larger social and economic picture. By recognising that many are facing similar difficulties, it can be easier to avoid self-blame. Financial pressures are not indicators of personal failure; they reflect the challenges and adjustments required to live within the realities of the economy. Counselling can help people to better understand these dynamics, not only in the context of their own lives but also as a part of society. This awareness can shift perspectives, offering a sense of solidarity and reducing the sense of personal burden many feel in these times. 

Fostering Hope and Resilience Together 

In a time when financial stability may feel out of reach, maintaining hope is essential. Counselling can provide both support and signposting to other agencies, which can help to cultivate resilience and optimism even when the future feels uncertain. This doesn’t mean ignoring the challenges but rather approaching them with tools and support systems that empower us. It’s also valuable to advocate for mental health as part of the economic conversation. By emphasising the need for mental health funding, we acknowledge that wellbeing is a crucial part of economic health. Many UK charities, counsellors, and mental health professionals work tirelessly to offer services and advocate for mental health support amid economic changes, and continued investment in these services can provide vital support for those in need. In moments like this, when the UK Budget raises concerns, reaching out for support can provide an essential anchor. As individuals, we can take steps to bolster our wellbeing, and collectively, we can advocate for a society that prioritises mental health within economic decisions. Financial challenges are a common human experience, and you’re not alone. Together, through community, resilience, and self-care, we can face these times with strength and compassion. 

Need someone to talk to?
If financial stress or uncertainty is impacting your mental wellbeing, you’re not alone. At PLACE2TALK you will find compassionate, professional support tailored to your unique situation. Whether you’re navigating anxiety, life changes, or simply need a safe space to process your thoughts, help is available.
Contact Kay today to take the first step towards relief and resilience. 

www.place2talk.co.uk

These resources offer financial and emotional wellbeing. Many are available 24/7. 

Free Financial Advice and Support 

Citizens Advice

Provides free, confidential advice on financial matters, including debt management, benefits, and budgeting. Local branches and an online chat feature are available.

Website: citizensadvice.org.uk

MoneyHelper

Government-backed service offering advice on budgeting, pensions, debt, and managing money. Their “Money Navigator Tool” provides tailored advice.

Website: moneyhelper.org.uk

StepChange Debt Charity

Specialises in debt management plans, budgeting, and financial advice. Provides support through phone consultations and online resources.

Website: stepchange.org

National Debtline

Offers free debt advice and budgeting tips, as well as helpful online guides. Provides a helpline and an online webchat service.

Website: nationaldebtline.org

Turn2Us

Helps people access welfare benefits, charitable grants, and other financial help. Offers an online benefits calculator and grant search tool.

Website: turn2us.org.uk

Free Emotional and Mental Health Support 

Samaritans

Provides free, 24/7 emotional support via phone, email, and text for those facing distress or needing someone to talk to.

Website: samaritans.org

Mind

Offers information, support services, and local branches for those experiencing mental health issues. Mind’s website includes mental health guides and information on local support.

Website: mind.org.uk

CALM (Campaign Against Living Miserably)

Aimed primarily at men, CALM offers support via phone and webchat and works to reduce stigma around mental health and suicide.

Website: thecalmzone.net

Shout

A 24/7 text-based crisis support service where people can chat anonymously with trained volunteers. Useful for those in need of immediate support but not comfortable with calls.

Text: Shout to 85258

Website: giveusashout.org

NHS Every Mind Matters

An NHS resource providing mental wellbeing support, including a quiz to create a personalised “Mind Plan” with tips for managing stress and anxiety.

Website: nhs.uk/every-mind-matters