A three-year freeze on income tax thresholds is slightly longer than was expected - and is the single biggest biggest tax raising measure in the budget., The changes to council tax will satisfy Labour MPs - and some unions – - who have long been pushing for a mansion tax, This [pension cap] is a huge revenue raiser and chancellors have traditionally shied away from it,  - fearing a backlash., It will not hugely affect those earning lower and middle wages, - but experts say it may affect behaviour of higher earners, Those over 65 have been exempted from ISA changes,   - as the government continues to woo pensioners in an attempt to neutralise the hostility created by its decision to scrap the winter fuel allowance., £150 off energy bills is a flagship measure to help people with the cost of living - that the government will hope people actually notice on their energy bills, The chancellor has abolished the two-child limit for universal credit and tax credit, - costing the Treasury £3bn by 2029-30., While Labour will be ecstatic that the hated cap is gone,  - the Conservatives will go on the attack over the decision, The minimum wage for 18- to 20-year-olds will go up from £10 to £10.85 an hour from April, - while the national living wage will go up from £12.21 to £12.71 an hour., Critics of “sin taxes” will always say they erode personal choice and responsibility, - but there are no signs that they are widely unpopular with the public., Fuel duty has long appeared to be the politically impossible tax to raise, - despite the effects of fossil fuels on the environment, There will be new excise duty on electric cars, payable alongside vehicle excise duty, at 3p a mile for electric cars and 1.5p for plug-in hybrids,  - to help double funding for road maintenance in England.,

Complex Clauses

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?