SIWO Global News 29th October 2018 #196

Grace in Housekeeping

Knowledge is Wealth

(For sharing, discussing, liking, praying and comments)

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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