CoLC - Spring Budget, 2024

New official forecasts say the government will collect 37.1p per pound of GDP in 2028/29 - the highest level in nearly 80 years [bbc on 6th March 2024]

In his Spring 2024 Budget, the UK chancellor claimed to be reducing the tax burden. Agreed, he did take the equivalent of a pound off National Insurance and but added a £1:30p extra in other taxes, so actually one is at least 30p worse off - not to mention the freezing of the personal tax allowance - so more people will be paying taxes overall, Even the pittance of a tiny private pension added to the state pension is enough for you to be liable for tax ...

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