The government announced tax cuts during the new fiscal plan

During a speech in the House of Commons, Hunt said the government aims to continue to tackle inflation and the UK’s cost of living crisis. For example, the National Insurance Contribution will be reduced to 10% from January next year. The tax is now 12% on income between £12,571 and £50,271 and 2% on income above.

There will also be an 8.5% increase in the state pension from April 2024. Hunt said the government will raise disability benefits and a number of other social benefits. Among other important innovations, the Chancellor announced the introduction of relief for companies and businesses on taxes on investment.

Дарья Кизенкова

Новые статьи

9 exhibitions that will open in London in March

Siena: The Rise of Painting 1300-1350 When: March 8 - June 28, 2025Where: The National…

3 days ago

ZIMA x Andrey Zvyagintsev: film retrospective in London

The series of screenings will end with a meeting with Andrey Zvyagintsev - after watching…

5 days ago

From Scottish colorists to Kiefer: 8 exhibitions outside London worth traveling for

Iconic: Portraiture from Francis Bacon to Andy Warhol The Holburne Museum, BathJanuary 24 - May…

1 week ago

Buying a Home in Manchester: Discover the “New London” Before It’s Too Late

At Longrad, our expertise is deeply rooted in London. Since our founding in 2005 as…

3 weeks ago

What to see in London this spring: 10 theatrical productions

"Oedipus" (Oedipus). Where and When: The Old Vic, January 21 - March 29, 2025Tickets here.…

3 weeks ago

How the Boundary Estate complex – London’s first council housing. Visiting researcher Yulia Taranova

The architectural style and layout of the ensemble was the responsibility of the young architect…

3 weeks ago