This weeks big news will see the 2024 spring Budget announced on Wednesday 6th March.
The UK economy slipped into a recession towards the end of 2023, experiencing a contraction for two consecutive quarters.
Although Bank of England governor Andrew Bailey suggested to MPs that it might already be over, the impact remains significant.
The strain on households persists, with many facing financial challenges after enduring two years of rising prices.
See below for a brief breakdown of what could be within this key Budget:
Income Taxes:
National Insurance:
Air Passenger Duty:
Non-Dom Tax Status:
Oil and Gas Windfall Tax:
Vaping:
Fuel Duty:
Inheritance Tax:
Childcare:
Holiday Lets:
99% Mortgages:
A possibility of introducing 99% mortgages has been reported, but this comes with some potential risks.
2024 Spring Budget due to be announced Wednesday 6th March at 2.30pm.
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