SIWO Global News 29th October 2018 #196

Knowledge is Wealth

(For sharing, discussing, liking, praying and comments)

UK Chancellor Autumn 2018 Budget

The Chancellor Phillip Hammond has delivered his third budget , he says austerity is coming to an end and the personal allowance threshold at which most people pay tax at 20% is rising from £11,850 to £12,500.  The Higher Rate Income Tax threshold is now from £46,350 to £50,000.  Both will take effect in April and after that increases will follow in line with inflation.

The National Living Wage is to rise by 4.9% from £7.83 to £8.21 an hour in April 2019.  Beer, cider and spirits prices/tax  as well as fuel duty are frozen.  Rising in prices are a packet of 20 cigarettes, a 10 gram pack of cigar, tobacco duty and Remote Gaming Duty.  There was good news for Stamp Duty and Housing, first-time buyers will receive help if buying in shared housing of up to £500,00.  The controversial Universal Credit is here to stay and there is increase in coffers and will hopefully reached the pockets of those who need it.  The State of the Economy shows a downgrading due to the wintry Spring weather, there is to be an increase in the employed and   wages.

Inspirational Story/Quote


Content- BBC News

SIWO Reporter: Susanna Dziworshie

Becareful  Be Joyful  Be Peaceful

One thought on “SIWO Global News 29th October 2018 #196

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s