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We propose you today to find the last video of the Youtube channel Bloomberg Television which is simply called UK Budget: Highlights of Chancellor Reeves' Key Announcements. If you liked it, don't hesitate to like the content to support the author of the video!
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For your information, you can find below the description of the video UK Budget: Highlights of Chancellor Reeves' Key Announcements published by the Youtube channel Bloomberg Television:
UK Chancellor of the Exchequer Rachel Reeves announces the government's economic and fiscal priorities during the first budget by a female chancellor. Speaking in the House of Commons in London, Reeves unveiled £40 billion ($51.8 billion) of tax rises including an increase in the national insurance payroll tax for businesses and higher capital gains tax. She also hiked the capital gains tax rate on fund managers’ profits, known as carried interest, and pledged to end a system that offers tax breaks to the country’s wealthiest foreigners.
00:00:00 Introductory remarks: "national renewal"
00:00:28 Fiscal black hole; OBR forecasts for GDP
00:01:15 Increase in the minimum wage; fuel duty freeze
00:01:44 National Insurance tax hike; capital gains tax
00:02:26 Tax on carried interest; relief on retail, hospitality, leisure industries
00:02:56 "We will abolish the non-dom tax regime"; tax thresholds
00:03:39 Tax increases of £40 billion ($51.8 billion); defense spending
00:04:38 Affordable homes; green hydrogen projects; health spending
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