News Archive
31/10/2024
Stamp Duty Rise on Second Homes In Effect From Tomorrow
Reeves announces the government will increase the stamp duty land surcharge for second-homes, by 2% to 5% from tomorrow, Reeves says..31/10/2024
New Funding To Fix The NHS - Here's How It Will Be Spent
The Chancellor has announced 40,000 more appointments each week to cut NHS waiting lists. This applies to England but more money will flow to the Scottish Government to decide in it budget on 4 December.31/10/2024
No change to fuel duty
Relief for drivers on fuel duty freeze..31/10/2024
What Labour's First Budget Means For Wages, Taxes, Business, The NHS And Plans To Grow The Economy - Experts Explain
For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman.31/10/2024
Non-dom Tax Regime Abolished
Reeves says she will abolish the non-dom tax regime and remove the "outdated concept" of domicile from the tax system from April 2025. Applies to a UK resident whose permanent home - or domicile - for tax purposes is outside the UK.31/10/2024
Tobacco Tax Increased
The government will renew the tobacco duty escalator which means that taxes will rise by the Retail Price Index (RPI) measure of inflation as well as 2%. In addition, increase duty by 10% on hand-rolled tobacco this year, introduce a flat-rate duty on all vaping liquid from 2026, and a one-off increase in tobacco duty to maintain the incentive for smokers to give up smoking..31/10/2024
Air Passenger Duty Increases
it has not kept up with inflation, so they are introducing an increase of no more than £2 for an economy-class short haul flight. But on private jets, she is increasing the rate of air passenger duty by a further 50% - equivalent to £450 per passenger for a private jet.31/10/2024
Budget In Brief - Raise Taxes By £40bn
National Insurance contributions for employers will increase by 1.2% to 15% from April 2025, which she says will raise £25bn a year for the government. Income tax and NI thresholds to rise with inflation from 2028-29 There will be no extension of the freeze in income tax and National Insurance thresholds beyond the decisions of the previous government.31/10/2024
Electric Vehicle Incentives To Continue
The Budget will maintain existing incentives for EVs in company car tax from 2028. It will also increase the differential between fully electric and other vehicles in the first rates of Vehicle Excise Duty beginning in April 2025, she says.31/10/2024
Budget delivers large increases in spending, tax, and borrowing
The OBR Figures are out now. The Budget increases spending by £70 billion annually, with two-thirds on current and one-third on capital spending.31/10/2024
2024 Uk Autumn Budget - Fraser Of Ailender Institute Reaction
A big tax-and-spend budget, and a lot more borrowing - but looser fiscal rules bail out the Chancellor This was a big first Budget from Rachel Reeves, and a big rebalancing of Government priorities. Taxes were raised significantly - by an average of £35bn a year from April onwards - but spending has gone up by significantly more, at an average of £70bn.31/10/2024
What impact will the long-awaited Budget have on retail, manufacturing and logistics?
If 2022's mini-Budget created chaos for British businesses by introducing uncosted tax cuts, the same can’t be said for today’s announcements. A £40bn tax rise means spending has been clearly costed but the ultimate cost to UK businesses remains to be seen, says the UK delivery expert Parcelhero.31/10/2024
Taste North Event On Sunday 3 November Biggest Yet
An article in the Northern time by Alan Hendry highlights the Taste North festival at Wick High school on Sunday 3 November. With even more exhibitors and return of a famous chef it is attracting a wider range of small producers.
31/10/2024
Some Budget Analysis From The Guardian
Five key charts: what will underpin 2024 budget statement by Rachel Reeves?. tax rises, debt rule changes and promised end to austerity.31/10/2024
Autumn Budget 2024: Initial Ifs Response
IFS Director Paul Johnson responds to the overall picture for taxation, spending and the public finances in the Autumn 2024 Budget. IFS Director Paul Johnson said: "In broad brush strokes, that was the Budget we had been led to expect: big tax rises, more cash for public services, more borrowing and more investment.31/10/2024
Economic And Fiscal Outlook - October 2024 - From The Office For Budget Responsibility
The latest update of our forecasts was published on 30 October 2024 in the October 2024 Economic and fiscal outlook. Read the Executive summary for the key messages of our forecast or the full report on our website.31/10/2024
Resolution Foundation - Chancellor Provides £326 Billion Boost To Public Services And Investment, Funded By The Biggest Tax Rises On Record And Higher Borrowing
The Chancellor has set out plans to boost real-terms spending on public services and investment (TDEL) by £326 billion (in current prices) across the next five years, funded in part by the biggest package of tax rises on record, the Resolution Foundation said on Wednesday in its quickfire analysis of the Budget. In the first ever Budget to be delivered by a female Chancellor, Rachel Reeves sought to take on two key challenges facing Britain: failing public services and weak growth.30/10/2024
National Living Wage to increase to £12.21 in April 2025
Since 1 April, employees aged 21 and over have been entitled to the National Living Wage. Previously, you had to be 23 to qualify.
30/10/2024
Did You Buy A Car, Van, Camper Van Or Motorbike On Finance? Get A Complaint In Asap
Martin Lewis, Money Saving Expert has just put out an important article that may affect anyone who bought vehicles on finance Apr 2007 to 28 Jan 2021. Back in January, the financial regulator, the Financial Conduct Authority (FCA), launched its huge investigation into car finance mis-selling.30/10/2024
