Knowledge Flashcards
What has Rachel Reeves increased the basic rate capital gains tax on profits from shares from and up to?
From 10% to 18%
What has Rachel Reeves increased the higher rate of capital gains tax on profits from selling shares from and to?
From 20% to 24%
What has the companies National insurance contributions on salaries above £5000 changed from and to?
13.8% to 15%
What has the Employment allowance (which allows small businesses and charities to reduce their NI bill) increased from and to?
From £5000 to £10,500
What is the legal national minimum wage for over 21s changing from and to?
£11.44 to £12.21
What is the legal national minimum wage for 18-20 year olds changing from and to?
£8.60 to £10
How has Rachel Reeves changed the cap on bus fares in places in England outside London and Greater Manchester?
Increased from £2 to £3
Where has she committed to focusing tunnelling work on to take the HS2 high- speed rail line to?
Euston station
What will Air Passenger Duty go up by in 2026 for short-haul economy flights?
£2
What will Air Passenger Duty go up by for long-haul economy flights in 2026?
£12
How much extra is being invested into repairing potholes in England?
£500 million
What tax has been introduced on vaping liquid?
Flat-rate tax of £2.20 per 10ml of vaping liquid
What is Inflation at the moment?
2.5%
What percent is day-to-day spending on NHS and education set to rise by in England in real terms?
4.7%
How much extra funding will local councils receive?
£1.3 billion
What will the Stamp Duty surcharge paid on second home purchases in England and Northern Ireland go up from and to?
From 3% to 5%
How have the Labour government loosened the definition of UK government debt?
Included a wider range of financial assets, such as future student loan repayments
How much will UK borrowing increase by this year?
£19.6 billion
How much did Jeremy Hunt invest in NHS digitisation in the 2024 spring budget?
£3.4 billion
How much has Rachel Reeves allocated for core research funding?
£6.1 billion
How many more homes do Labour plan to build?
1.5 million
By what percent did Jeremy Hunt cut National insurance tax contributions for employees
2% (from 10% to 8% for employees)
List a free trade agreement
Uk- Australia (2021)
Uk- New Zealand (2022)
What is the Royal Docks Enterprise Zone?
An area that offers incentives such as tax breaks and simplified planning regulations
