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The UK government has announced further tax cuts
Looking ahead to the next election, Jeremy Hunt says he is providing “necessary support in difficult times”. (Subscribe to:
But there were few surprises in this very advanced budget. First the gifts: the centerpiece was a 2p in the pound National Insurance cut for workers, the second in six months. Full child benefit will now be paid to families where the highest-earning parent earns up to £60,000 – up from the current £50,000 – with partial child benefit for those earning up to £80,000. Fuel duty remains frozen, keeping the 5p cut on petrol and diesel in place for another year. And to pay for them, two labor policies: Taxpayers will be removed from UK residents who are not domiciled here for tax purposes after four years of residence. And the tax on profits made by oil and gas companies will be extended for another year until 2029. Tax credits will also be waived for owners of short-term vacation rentals. And there will be a new tax on vapor products. ———————- Follow us: Facebook – https://www.facebook.com/Channel4News/
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