The Chancellor announced billions of pounds in extra taxes and borrowing to fund a huge investment programme in transport and other infrastructure projects and to improve some public services such as the NHS.
Here are the main key points:
* Ms Reeves announced £40 billion of tax rises.
* On the NHS, the Chancellor announced at a £22.6 billion increase in the day to-day health budget, and a £3.1 billion increase in the capital budget over this year and next year.
* She will also borrow more than £32 billion extra over the next five years.
Business
* National Insurance on employers will rise by 1.2 per cent to 15% as part of a £25 billion tax raid on firms through this levy. The Secondary Threshold, the level at which employers start paying national insurance on each employee’s salary, will be reduced from £9,100 per year to £5,000.
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The Singapore government returned to the Singapore dollar bond market on May 21 with another issuance of green bonds amounting to S$2.5 billion (US$1.85 billion). This is Singapore’s third offering
Press Release from Carey Olsen, Friday 8 November, 2024. Carey Olsen lawyers have secured 31 individual rankings in the 2025 edition of The Legal 500 Caribbean, including 18 ‘Leading Partner’
The Treasury disbanded a unit tasked with offshore and non-dom tax policy weeks before announcing significant changes in the budget to the way foreign residents are taxed, sources have said. The unit,