The energy industry will be hit with an expanded windfall tax of 35% - up from 25% - until March 2028 Chancellor Jeremy Hunt says a new temporary 45% levy on electricity generators will also be introduced
The chancellor is announcing tens of billions in tax rises and spending cuts in the Autumn Statement - watch live at the top of the page
Jeremy Hunt announces a freeze in income tax thresholds which will mean millions of people pay more in tax He also acknowledges the UK is in recession but says his plan will help rebuild the economy and reduce debt The point at which the highest earners start paying the top rate of tax is being lowered from £150,000 to £125,140Electric vehicles will no longer be exempt from vehicle excise duty from April 2025 to make the system "fairer", says HuntThere will be an increase in the National Living Wage from the current level of £9.50 an hour for over-23s
Hunt is also set to announce a 10% rise in the state pension, benefits and tax credits in line with September’s inflation figure
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Chancellor Jeremy Hunt warned 'not to cut' budget for councils in Autumn StatementThe chancellor has been warned that local council budgets are under extreme pressure and need to be considered a priority ahead of his first Autumn…
Læs mere »
Autumn Statement: Jeremy Hunt to unveil spending cuts and tax risesIncreases will rise with inflation but energy support will be scaled back, the BBC understands.
Læs mere »
Autumn Statement: Jeremy Hunt about to set out billions in tax rises and cuts - BBC NewsJeremy Hunt will announce plans that will affect everyone's finances in Parliament at 11:30 as he seeks to reduce government debt.
Læs mere »
Hunt bids to repair Britain’s tarnished economic reputation in Autumn Statement\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Læs mere »
What time is Jeremy Hunt's autumn statement budget and what will he sayThe Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills
Læs mere »
Autumn Budget LIVE updates as Jeremy Hunt announces tax hikes and energy helpBrits have been warned to expect tax hikes and spending cuts as the government attempts to get the economy back on track
Læs mere »