UK Chancellor of the Exchequer Rachel Reeves is presenting the Autumn Budget.
Key points
“It will increase employers’ national insurance contributions by 1.2 percentage points.”
“It will reduce the threshold for paying national insurance to £5,000 for employers.”
“Employment allocation for small businesses will increase.”
“I have had to make very difficult fiscal decisions.”
“He will freeze the fuel tax next year.”
“Inheritance tax measures will raise more than £2 billion.”
“We will increase the tax on the sugary beverage industry.”
“It will raise £1bn through the sugary drinks tax and increases in taxes on tobacco and alcohol.”
“Will introduce a flat tax on all vaping liquids from October 2026.”
“It will extend the freeze on the inheritance tax threshold until 2030.”
“It will include inherited pensions in the inheritance tax from 2027.”
“It will increase air passenger tax by no more than £2 for short-haul flights in economy class.”
“The tax on private jet flights will increase by up to 50%.”
“It will provide 40% relief on business rates for the retail and hospitality industries up to a cap.”
“Daily spending from 2024-25 will grow by 1.5% in real terms.”
“Increasing schools’ core budget by £2.3 billion.”
“It will increase defense spending by £2.9bn.”
“It will provide support of £3bn a year to Ukraine for as long as it is needed.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
