Perl Trixie

Uk Budget 2024. Uk treasury ministers are softening up public opinion for a tough autumn budget and possible tax rises, after a near £5bn overshoot in public spending led to. In her first speech as chancellor, rachel reeves laid out plans to rebuild.

Chancellor jeremy hunt cuts workers’ national insurance by another 2p in the budget, meaning it falls from 10% to 8%. The highest rate of cgt is 28 per cent now, far lower than the 45 per cent top rate of income tax.