🔴 All the policies Jeremy Hunt is set to announce today and how they could affect you ⬇️ Explained by emsferg
chaotic mini-Budget delivered under Liz Truss
Mr Hunt will say his “difficult decisions” are necessary to keep mortgage rates low and tackle the rocketing energy and food prices intensifying the cost-of-living crisis.interest rate-rising Bank of England This will work by freezing the current rates for another few years, preventing the taxes from rising in line with soaring inflation.
For example, everyone in the UK can earn £12,570 before they start paying income tax of 20 per cent, called the personal allowance. If this allowance were to keep pace with inflation, it would rise to £13,876 in the next tax year starting April 2023.
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