█ Business news
Autumn Budget 2024: Tax measures summary
The Autumn Budget introduced significant tax changes.
National living wage to increase by 6.7%
Millions of low earners to see pay increases from April 2025.
Budget expectations
UK braces for major tax shifts in new government’s first Budget.
Labour redefines ‘working people’ before budget
Definition is confined to those who earn a monthly pay cheque.
60% office attendance reinstated for civil servants
Departments require increased in-office presence.
Water companies push for bill increases
Major water companies request significant hikes by 2030.
Tougher penalties and ID checks for UK directors
Companies House strengthens compliance with new penalties.
UK pay growth falls below 5%
Pay growth dip could signal potential interest rate cuts.
Tax and NICs receipts surge over £11bn
Government revenue rises across multiple taxes.
Government plans £600 cash boost for low-paid workers
New bill promises financial help for UK’s lowest-paid.