UK Economy Archives - Fife Properties
Fife Properties

Tag: UK Economy

Autumn Statement 2022 Summary (Watch, Listen,Read)

 

PODCAST: https://spotifyanchor-web.app.link/e/VynFBJ0X1ub

Autumn Statement 2022 Summary

Taxation and wages

  • UK minimum wage for people over 23 to increase from £9.50 to £10.42 an hour
  • Top 45% additional rate of income tax will be paid on earnings over £125,140, instead of £150,000
  • Income tax personal allowance and higher rate thresholds frozen for further two years, until April 2028
  • Main National Insurance and inheritance tax thresholds also frozen for further two years, until April 2028
  • Tax-free allowances for dividend reduced to £1,000 next year and £500 from April 2024. Capital gains tax reduced to £6,000 next year and £3,000 from April 2024

Continue reading Autumn Statement 2022 Summary (Watch, Listen,Read)

How will interest rate rises affect the people of Fife and how high can it go? (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/How-will-interest-rate-rises-affect-you-and-how-high-can-it-go-e1q6j7a

 

How will interest rate rises affect you and how high can it go? Interest rates have risen sharply as the Bank of England continues to use its powers to tackle soaring prices. The Bank has increased its benchmark rate from 2.25% to 3%. That is the eighth consecutive increase since December, pushing the rate to its highest level for 14 years. It also marks the biggest single increase since 1989, and could have a big impact on the cost of living and people’s finances.

 

#InterestRates #FifeProperties #UKEconomy

FIND OUT HOW MUCH YOUR HOME IS WORTH

TAP HERE TO BOOK A FREE SALES/RENTAL VALUATION

OR GET AN

INSTANT VALUATION

Website Design Internet Creation Ltd