Healthcare spending to increase by £44bn by the end of the parliament.
The new Social Care Tax will go towards the NHS and social care services. #Budget21
Also providing local government with £4.8bn funding
New housing settlement & more new homes "The largest in a decade"...
Is it really going to meet the New Homes quota that is needed? #Budget21#homes#mortgages
New: 20% end-of-year top-up to low earners who save into their pension via Net Pay Arrangements. This measure will affect contributions made from the 2024-25 tax year onwards. #Budget2021
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So - A radical simplification of alcohol duties.
FIVE STEPS (not 12??) #Budget21 1) Slashing main duty rates from 15 to 6. The stronger the drink, the stronger the rate
1/5
2) A new, smaller producer relief. Small cider makers and other producers will be getting a lighter rate.
3) Changes to reflect the way in which people consume alcohol. (wait, wut?!?) No duty premium of 28% on sparkling wines, wherever produced.