Chancellor Rachel Reeves has revealed her Budget just minutes after it was accidently leaked by the Office for Budget Responsibility moments before her speech today
A you need to know about Rachel Reeves’ leaked Budget – from tax rises to child benefit changes
- Rachel Reeves’ Budget introduces a £2,000 annual cap on salary sacrifice pension contributions from April 2029
- The controversial two-child benefits limit will be scrapped from April, at a cost of £3 billion at the end of this Parliament
- DWP families set for £14,000 bonus in budget bonanza as one type of household qualifies
- The Chancellor will extend a freeze of income tax thresholds until 2030
- A council tax surcharge , dubbed the “mansion tax”, will be introduced on properties worth more than £2 million
- Tax rates on property, savings and dividend income will rise by 2 percentage points,
- Reeves pledged to “renew” the NHS with a confirmed £300 million to be invested in the health service’s technology
- Drivers of electric vehicles (EVs) will have to pay 3p per mile they drive under a new tax introduced by the Chancellor
- Rail fares have also been frozen for a year.
- A cut to fuel duty will be extended as a means of holding down the price of petrol at the pump, drivers since 2022 has been 52.95p as a result of a “temporary” 5p cut
- Taxes are rising on remote gaming from 21% to 40%, and on online betting from 15% to 25%
- Kemi Badenoch said leaks out of Downing Street are “having real-world consequences”
- READ THE FULL STORY: Rachel Reeves handed phone as major budget details LEAK minutes before speech
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