UK Budget 2024 in Hindi

Описание: In this video, we’ll discuss the latest budget presented by the Government of England. Find out how this budget could impact your life, business, and investment plans. Watch the full video to understand the key highlights and implications of the budget.

Personal taxes
Rates of income tax and National Insurance (NI) paid by employees, and of VAT, to remain unchanged

Business taxes
Companies to pay NI at 15% on salaries above £5,000 from April, up from 13.8% on salaries above £9,100, raising an additional £25bn a year

Wages, benefits and pensions
Legal minimum wage for over-21s to rise from £11.44 to £12.21 per hour from April
Rate for 18 to 20-year-olds to go up from £8.60 to £10, as part of a long-term plan to move towards a "single adult rate" Basic and new state pension payments to go up by 4.1% next year due to the "triple lock", more than working age benefits Eligibility widened for the allowance paid to full-time carers, by increasing the maximum earnings threshold from £151 to £195 a week

Transport
5p cut in fuel duty on petrol and diesel brought in by the Conservatives, due to end in April 2025, kept for another year £2 cap on single bus fares in England to rise to £3 from January, outside London and Greater Manchester

Drinking and smoking
New flat-rate tax of £2.20 per 10ml of vaping liquid introduced from October 2026, as ministers shelve Tory plans to link the levy to nicotine content
Tax on tobacco to increase by 2% above inflation, and 10% above inflation for hand-rolling tobacco
Tax on non-draught alcoholic drinks to increase by the higher
RPI measure of inflation, but tax on draught drinks cut by 1.7%

Government spending and public services
Day-to-day spending on NHS and education in England to rise by 4.7% in real terms this year, before smaller rises next year
Defence spending to rise by £2.9bn next year

Housing
Social housing providers to be allowed to increase rents above inflation under multi-year settlement
Stamp duty surcharge, paid on second home purchases in England and Northern Ireland, to go up from 3% to 5%

UK growth, inflation and debt
Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.1% this year, 2% next year, and 1.8% in 2026
Inflation predicted to average 2.5% this year, 2.6% next year, before falling to 2.3% in 2026

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