It's budget day...! (Woop / Ugh)
Some headline announcements:
- Osborne failing to meet growth targets
- Osborne failing to meet debt targets
- New minimum wage will not apply to people under 25
- Corporation Tax cut by 17%
- Capital Gains Tax cut from 28% to 20%
- Insurance Premium Tax up by 0.5%
- Tax free allowance rising from £10,600 to £11,500
- The 40p tax threshold up from £42,380 to £45,000
- Fuel duty frozen
- Sugar tax coming in on fizzy drinks
- All schools must become (or be in the process of becoming) an academy by 2020
- Tobacco duty up 2%
- Beer, cider, whisky and spirits duty has been frozen
Some headline announcements:
- Osborne failing to meet growth targets
- Osborne failing to meet debt targets
- New minimum wage will not apply to people under 25
- Corporation Tax cut by 17%
- Capital Gains Tax cut from 28% to 20%
- Insurance Premium Tax up by 0.5%
- Tax free allowance rising from £10,600 to £11,500
- The 40p tax threshold up from £42,380 to £45,000
- Fuel duty frozen
- Sugar tax coming in on fizzy drinks
- All schools must become (or be in the process of becoming) an academy by 2020
- Tobacco duty up 2%
- Beer, cider, whisky and spirits duty has been frozen