So 3 updates later and this still hasn’t changed and doesn’t work properly.
It appears that if you click on a transaction then, in the “Subscriptions” section turn on “Repeating payment” transactions at this place for this amount will no longer count towards spending in the “Spending” section of the budgeting tab. Obviously this is incorrect as, even if told Monzo I’m going to spend £5.80 on the tube every day, I still want to see each £5.80 come off my total travel budget for the month as this may include other forms of travel and tube travel for amounts other than £5.80.
This is pretty woeful on the usability front to be fair, it’s one of the key features that sets Monzo apart from regular banks.
Also, you can’t stop tracking a transaction amount as a regular payment unless you find a transaction for the exact amount at that vendor, click on it and unsubscribe. So if I spend £25.36 at Wairose one week and select to track my grocery shopping I can never turn that tracking off unless I scroll mile back down the list and find the exact transaction. Ugh! How did you think this was usable!?