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How Autumn Budget 2024 reshapes taxes and public spending
- Investment Management
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- 30.10.24
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The Autumn Budget brings significant changes to UK tax policy, public spending, and economic forecasts as Labour sets its fiscal priorities. Notable tax adjustments include the freezing of income tax thresholds until 2028 and an increase in capital gains tax. Business taxes see changes to National Insurance, impacting companies' operating costs, while transport measures raise bus fares and maintain fuel duty cuts. For housing, affordable homes funding increases, and stamp duty on second homes rises. The budget also raises the minimum wage and expands eligibility for carer’s allowances....