Englishboy
Telly Talk Addict
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- Location
- Wet and windy Manchester, England
- Member Since
- July 2005
What was in the mini-budget and what is the government's new plan?
Almost all tax measures announced in the mini-budget will be reversed.
www.bbc.co.uk
45% higher rate of income tax abolished for England, Wales and Northern Ireland taxpayers
One single higher rate of income tax of 40% from April next year
Cancel UK-wide rise in corporation tax which was due to increase from 19% to 25% in April
Rules which limit bankers' bonuses scrapped
Rules around universal credit tightened, by reducing benefits if people don't fulfil job search commitments
Around 120,000 more people on Universal Credit to be asked to take steps to seek more work, or face having their benefits reduced
Jobseekers over 50 to be given extra time with work coaches to help them return to job market