Yesterday Rishi Sunak announced the new budget, so I thought I’d summarise some of the highlights.
What do you think about these changes? Do they impact you? Do you think they’re reasonable?
Furlough - extended until the end of Sep
Universal Credit - £20 a week top-up
Minimum Wage - Increase to £8.91 in April
Stamp Duty Holiday - extended until 30th June
5% Mortgages - on properties up to £600K
Contactless Limit - limit will increase to £100 later this year
Tax Free Personal Allowance - increases next year to £12,750 and frozen until 2026
Corp Tax - increase to 25% from April 2023 (unless you’re a small biz)