Will you be better or worse off because of today’s Budget? In a relatively quiet Budget our summary answers that question, please read on to find out.
The Chancellor brought forward an election pledge to increase both the Personal Allowance and Higher Rate tax band, affecting 32 million people. From April 2019, the Personal Allowance will increase to £12,500, while the higher rate tax threshold will be £50,000, rising from £11,850 and £46,351 respectively. The National Living Wage will also increase to £8.21 from April 2019 from the current £7.83, ...