Julian welcomes Autumn Statement
November 22, 2023
In today’s Autumn Statement, the Chancellor announced:
Employee National Insurance tax cut from 12%-10% – a £450 tax cut for the average worker.
National Insurance tax cut for the self-employed – a tax cut of £350 for the average self-employed person.
National Living Wage increase to £11.44 for workers aged 21 and over – a pay rise of about £2000 for a full-time worker.
Confirmation of the pensions triple lock meaning the State Pension will increase by 8.5% – worth up to £900.
Uprating working age benefits by 6.7%.
Alcohol Duty frozen – saving 3p on every pint.
Raising Local Housing Allowance.
Full Expensing made permanent – increasing investment by £20billion a year
Extension of 75% business rates relief for retail, hospitality and leisure until 2025.
Additional £10million to support veterans.Read the Autumn Statement in full here: https://www.gov.uk/…/autumn…/autumn-statement-2023-html