The main elements in the Budget include:
[Up to 30 hours of free childcare for
youngsters aged over nine months if both
parents each earn less than £100,000.
Changes to Universal Credit to encourage
people to get back to work,
with more support for childcare;
The lifetime allowance on pensions
has been abolished altogether,
after complaints that many middle-earners were
finding it was not worth them working due
to tax penalties;
The energy bills guarantee is being extended
for another three months,
with prices likely to be lower by June anyway;
Fuel duty is being frozen for a
13th year in a row, and the
'temporary' 5p a litre cut is being maintained;
Alcohol duty will rise in line with inflation
from August and reforms to base the levy
on strength will go ahead - with bottles
of wine set to go up by around 45p,
but other drinks getting cheaper;
A 'Brexit pubs guarantee' will
see the duty on draught products in pubs
up to 11p lower than the duty in
supermarkets from August;
Businesses will be able to offset all
capital spending on IT and other equipment
against taxable profits for at least the
next three years;
Nuclear power will be classed as
'environmentally sustainable' which will give it
access to the same investment incentives
as renewable energy;
Defence spending is being increased by
£11billion over the next five years amid
the fallout from the Ukraine war;
There will be a £200million fund to tackle potholes
after a Daily Mail campaign.]
https://www.dailymail.co.uk/news/art...rk-Budget.html