Motorists could be stung with significantly higher car tax after the government suggested it could bring it back in line with C02 emissions to hit owners of the dirtiest models hardest. A call for evidence on Vehicle and Excise Duty, buried deep in today’s Budget document, has criticised the decision in 2017 to introduce a … Read more

Rural areas promised better internet as government pledges £5bn towards speedy broadband and £510m towards 4G coverage The Chancellor pledged £5bn towards speedy broadband in rural areas Government also announced £510m investment into 4G coverage  It is hoped the changes will improve connectivity in the hardest to reach places  By Grace Gausden For This Is … Read more

High earners get pension tax relief boost in the Budget to fight NHS crisis stopping doctors working Most doctors will no longer be hit by tax bills due to the hated ‘taper’ Changes to pension tax rules will benefit other high earners But those on £300k plus will see tax relief slashed further to £4k … Read more

Business leaders cheered the Chancellor’s £30billion emergency package of coronavirus-battling measures to help big and small firms in today’s Budget.  In his first Budget, Rishi Sunak pledged extra help for the High Street, gig economy workers, and the small businesses that are considered the backbone of the UK economy, as the country faces huge disruption … Read more

Government pushes businesses to go greener as taxes are raised for gas bills – but frozen for electricity rates Chancellor announced in the Budget that gas levies will rise  Changes will come into effect in April 2022  Electricity is better for the environment than gas – but is currently taxed more  By Grace Gausden For … Read more

‘A tax cut for 31 million people’: Rishi Sunak increases National Insurance contribution threshold for hard-pressed British workers as he uses his Budget to put more than £100 back in their pockets in a move which could also help stimulate UK economy From April threshold at which NI payments start will rise from £8,632 to … Read more

Home buyers left disappointed after Stamp Duty overhaul fails to materialise but surcharge on foreign investors could ‘level the playing field’ for UK buyers Chancellor decides against Stamp Duty overhaul this afternoon in 2020 Budget  The tax is due to bring £12.8billion into the Treasury’s coffers this tax year He confirmed a 2 per cent surcharge would … Read more

Doing it for the kids! Budget hands young savers a boost as Junior Isa allowances more than double to £9,000 from April Junior Isas were introduced in 2012 and replaced Child Trust Funds Both currently allow those aged under 18 to save up to £4,368 tax-free a year This will be upped by 106% in … Read more

Fuel duty frozen for tenth consecutive year as reluctant Chancellor concedes that ‘many people still rely on their cars’ Taxation on petrol and diesel will remain at 57.95p per litre, as it has since 2011 Sunak said ‘we can no longer afford to freeze fuel duty’ but conceded that people still rely on cars Fuel … Read more

BUDGET 2020 AT A GLANCE: The key points of Chancellor Rishi Sunak’s crucial speech as it happens By Alex Sebastian For This Is Money Published: 12:26 GMT, 11 March 2020 | Updated: 12:39 GMT, 11 March 2020 As the newly-installed Chancellor Rishi Sunak gets to his feet to deliver his and this Government’s first Budget … Read more