so really soon axe delivered his first
budget statement to the House of Commons
here's the winners and losers and how
will affect your wallet in the coming
years from April there'll be an increase
in the national insurance allowances
that means you'll be able not 500 pounds
a year tax-free that should say the
average person 104 pounds a year in tax
according to the government figures
elsewhere there was good news for low
earners as well the national living wage
is increasing and the government helps
to get it to 10 pounds 50 a year by 2024
that's a rise from his current level of
8 pound 21 and which derided tampon tax
is going to be abolished from next
January before then there's good news
for drivers as a planned increase the
fuel duty hadn't scrapped and there's
also good news for people who drink in
pubs as beer wine cider and spirit
cheese have also been frozen the
government said this was to help pubs
battle through the corona virus epidemic
would you seen fewer people go to their
local Boozer hai owners have received a
pensions boost as the annual allowances
have been increased and also it's good
news for young Sabres as the annual ice
allowance has been increased to nine
thousand pounds a year as with every
budget
there are also some losers the big ones
were overseas property buyers that means
people who are buying from abroad in the
UK from next year they'll be faced with
a higher rate of stamp duty on all their
purchases on British property there was
also little for first-time buyers to
cheer there was no further reliefs or
schemes announced for them in this
budget entrepreneurs relief will also
pick up with the lifetime limit falling
from 10 million pounds to 1 million
pounds