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UK Chancellor Autumn 2018 Budget
The Chancellor Phillip Hammond has delivered his third budget , he says austerity is coming to an end and the personal allowance threshold at which most people pay tax at 20% is rising from £11,850 to £12,500. The Higher Rate Income Tax threshold is now from £46,350 to £50,000. Both will take effect in April and after that increases will follow in line with inflation.
The National Living Wage is to rise by 4.9% from £7.83 to £8.21 an hour in April 2019. Beer, cider and spirits prices/tax as well as fuel duty are frozen. Rising in prices are a packet of 20 cigarettes, a 10 gram pack of cigar, tobacco duty and Remote Gaming Duty. There was good news for Stamp Duty and Housing, first-time buyers will receive help if buying in shared housing of…
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