Chancellor Rishi Sunak will deliver his Budget at about 12.30pm. Here is what we know so far:
👉 The UK living wage will rise by 6.6% to £9.50 per hour
👉 There was a big increase in corporation tax in March so few big tax changes are expected ft.com/content/22c1bb…
Chancellor Rishi Sunak attributed the inflation rate to the pressures on energy prices and global supply chains ft.com/content/22c1bb…
Rishi Sunak made his first surprise announcement of the Budget: the UK’s spending on overseas aid will return to 0.7% of GDP by 2024/25, when the chancellor said the government’s new fiscal rules will be met ft.com/content/22c1bb…
Will you have to pay more for alcohol? 🍹
In short, taxes on red wine, sherry and port will increase, while rose, fruit ciders and lower strength beers will decrease ft.com/content/22c1bb…
How will the UK Budget impact you?
Here is a summary of how the key measures will affect your personal finances: ft.com/content/af5cfe…
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