The Fiscal Statement and Financial Planning
From a financial planning and advice perspective, the major significance of the “mini-budget” is less about what was announced and more about what wasn’t and remains the same. Take-home pay is set to increase for many with the announcement that the additional levy on National Insurance is to be cancelled from 6th November and the top rate 45% income tax was due to be removed from 6th April 2023 but was instead scrapped due to political and social pressure.
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