The expected corporation tax u-turn will affect businesses. The political classes are abuzz with the Chancellor being sacked. But what does it mean your family? We examine the latest news Truss KwasiKwarteng Budget
Universal Credit is based on how much you earn rather than the hours you work, but the minimum wage for those aged over 25 – currently £9.50 – is used to calculate the equivalent hours worked.
For instance those looking after children or with caring responsibilities are not expected to have to work, or look for work, for as many hours. If you do need to follow new rules you should be told about it by your work coach or through your Universal Credit account.The stamp duty threshold has doubled, meaning families won't pay stamp duty on the first £250,000 of any home. It is hoped this will help people get on the property ladder.
The maximum value of a property on which first-time buyers’ relief can be claimed will also increase from £500,000 to £625,000.While this does mean you may get a small boost on any savings, it's not so good if you have debts.
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