Budget 2018 summary: Highlights of all the key announcements at a glance - News Summed Up

Budget 2018 summary: Highlights of all the key announcements at a glance


Universal Credit claimants will get an extra £1.7billion a year in higher work allowances by 2023 in a partial victory for the Mirror. Meanwhile beer, cider, petrol and spirits duties are all frozen - though taxes on cigarettes and wine are going up at 6pm. The Income Tax personal allowance and 40p rate are rising to a Tory manifesto pledge a year earlier than planned. Stamp duty will be scrapped for more first time buyers and the minimum wage is going up to £8.21 for over-25s. But current ones won't be scrapped, something Jeremy Corbyn wants to dowill be banned - stopping hospitals from taking on huge new building debts.


Source: Daily Mirror October 29, 2018 11:34 UTC



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