MoneySavingExpert News

The Budget

Spring Budget 2024: Workers to pay less national insurance from April – but some will still be worse off due to frozen personal tax thresholds

Around 29 million workers are set to benefit from the national insurance contributions change, which will see contributions cut from 10% to 8% for employed workers and from 9% to 6% for self-employed workers.

6 March 2024

Spring Budget 2024: Child Benefit shake-up confirmed to fix 'unfairness' in system – a major campaign win for Martin Lewis and MSE

The Chancellor Jeremy Hunt has revealed plans to address the "unfairness" in the current Child Benefit system. This follows extensive campaigning on the issue by MoneySavingExpert.com (MSE) and its founder Martin Lewis.

6 March 2024

Martin Lewis: What the Spring Budget 2024 means for your pocket – national insurance cut, frozen tax rates, Child Benefit boost, no LISA change & more

The Chancellor Jeremy Hunt has today announced a range of new tax, benefits and savings measures in his Spring Budget. MoneySavingExpert.com founder Martin Lewis has shared his instant reaction and explained what the changes mean for you, and we've added more detail on them below.

6 March 2024

Scottish Budget 2023: Income tax shake-up confirmed from April 2024 – here's what's changing

From 6 April 2024, the threshold at which earners in Scotland start paying certain rates will rise for some tax bands, while a new "advanced" rate tax band will be introduced. The "top" tax rate will also increase.

19 December 2023

Scottish budget: Higher earners to pay more tax and benefits to rise by 10.1% – what the changes mean for you

Deputy first minister John Swinney has announced major income tax rises for higher earners in Scotland from April next year.

15 December 2022

Chancellor's emergency fiscal budget – Jeremy Hunt scales back energy support and reverses tax reforms: Here's what you need to know

New Chancellor Jeremy Hunt has reversed a host of tax reforms and drastically scaled back energy help previously announced in September's mini-budget.

18 October 2022

Autumn Budget 2021: From minimum wage increases to fuel duty freezes - here's a full round-up of the big announcements

Chancellor Rishi Sunak will deliver his Autumn Budget to the House of Commons on Wednesday 25 October, where he'll set out the Government’s financial strategy.

27 October 2021

National minimum wage to increase in April

The national living wage paid to workers aged 23 and over will rise from £8.91/hr to £9.50/hr from 1 April, the Government has announced. The national minimum wage for workers aged under 23 and apprentices will also rise.

25 October 2021

Contactless payment limit to rise to £100 from 15 October

The contactless payment limit, which is the amount you can spend on card without entering a PIN, will rise from £45 to £100 from 15 October, it's been confirmed. It comes after chancellor Rishi Sunak formally announced the plans in the spring Budget.

27 August 2021

Autumn Budget 2017: National minimum wage to rise next April

The national living wage is to rise by 4.4% in April 2018, from £7.50/hour to £7.83/hour

22 November 2017