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#11 | |||
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Senior Member
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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 |
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