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Autumn Budget 2021

The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to "build back better" with ambitions to level up and reduce regional inequality.

Main Budget proposals

Tax measures include:

  • a new temporary business rates relief in England for eligible retail, hospitality and leisure properties for 2022/23
  • a change in the earliest age from which most pension savers can access their pension savings without incurring a tax charge. From April 2028 this will rise to 57
  • the retention of the £1 million annual investment allowance until 31 March 2023
  • individuals disposing of UK property on or after 27 October 2021 now have a 60 day CGT reporting and payment deadline, following the completion of the disposal.

Other measures include:

  • a complete overhaul of alcohol duties that will see drinks taxed on their strength
  • the cancellation of the previously announced rise in fuel duties
  • pubs supported with a reduction in draught beer and cider duty
  • increases in the National Living Wage and the National Minimum Wage rates
  • an ultra-long-haul band of air passenger duty introduced.

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  • bit of a nutral budget taking with one hand giving with the other, saw yesterday witherspoons are selling a pint of draft for 99pence in november and the long hall flights will add about £10 extra on top of what they have to pay now 

    petrol and derv went up last week the fuel companeys seem to put it up befor the budget and the summer hollidays £1-50 per liter so the goverment is getting more tax revenue

  • PRO

    They're building back better for them rather than us. All in line with the WEF's "Great reset" blue print. Buckle up,things are going to get interesting.

    • who is 'for them' in the context of this post? seems a a fair budget given situation. never going to satisfy all political walks of life🤷‍♂️

      • PRO

        Them? The politician's and there mates the top 1%, you know, who the politicans work for.

        • solidarity bro....😂

          9747821077?profile=RESIZE_400x

          • PRO

            👍👏🤣

            • PRO

              Where do we stand ? Do we increase our prices or absorb the extra costs ?  

              I can see prices increasing further and not stabilising , Price increases becoming the norm will eventually have an impact but we wont know for at least Four years i thought i heard on the news .

               

              • yes my energy supplier went bust so will be costing more to charge the cordless. maybe these new socialist type conservatives will re nationalize electricity somehow

                • PRO

                  I see no defining difference in the parties, thay are all the same. Not one of them worth voting for!

                  • PRO

                    Exactly,regardless of who you vote for,it's the government that always get's in!

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