How today's mini budget will affect your pocket as cost of living soars

The top rate of income tax - 45 per cent, will now be paid on all earnings over £125,140, rather than £150,000 currently.

He also said he would be lifting pension credit - available to pensioners with the least money, by the same amount.The cap on average energy bill prices will rise to £3,000 from £2,500 from April next year, the chancellor said, but more protection will be available for those struggling to pay. Additional funding would also be available to help more people back into work, he said, because employment levels have yet to return to pre-pandemic levels.

Rent increases in the social housing sector would also be capped at seven per cent, rather than the 11.1 percent of inflation.Funding for the NHS and social care would keep up with inflation, the chancellor said, with additional new funding of £3.3 bn in each of the next two years.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sophie Wessex is an autumn-style icon in pleated skirt and heeled bootsThe Countess of Wessex opened a new JCB plant in Uttoxeter looking lovely in a pleated skirt and boots
Source: hellomag - 🏆 24. / 68 Read more »

Sunak seeks to use Autumn Statement to lay ground for Tory revival\n\t\t\tGet local insights from Lisbon to Moscow with an unrivalled network of journalists across Europe,\n\t\t\texpert analysis, our dedicated ‘Brussels Briefing’ newsletter. Customise your myFT page to track\n\t\t\tthe countries of your choice.\n\t\t
Source: FT - 🏆 113. / 51 Read more »

Average council tax bills could rise above £2,000 after Autumn Statement to fund social careChancellor Jeremy Hunt hinted at plans to allow town halls to raise bills by 5 per cent to fund social care and other services amid surging inflation
Source: i newspaper - 🏆 8. / 89 Read more »

What Sunak said about Poland missile strike, Autumn Statement and Brexit at G20 news conferenceWe take a look at all the key topics Rishi Sunak discussed during his G20 press conference, including: 👉 UK economy 👉 Poland missile strike 👉 Brexit
Source: i newspaper - 🏆 8. / 89 Read more »

Rishi Sunak Signals Benefits And Pensions Will Rise With Inflation In Autumn StatementHis comments came as the consumer prices index hit 11.1% - the highest rate in 40 years.
Source: HuffPostUK - 🏆 108. / 51 Read more »

London councils wait in trepidation for Autumn StatementCouncils are bracing for further financial blows in an atmosphere of austerity.
Source: BBCLondonNews - 🏆 115. / 51 Read more »