credit will get an extra £244 next year, and the minimum wage is going up to £10.42 for over 23s. and low income families will get government support for about half of the expected energy bill rise. but middle earners, so someone earning around £30,000 per year, will only get support for about a third of the rise in their bills and they re likely to be hardest hit because the tax bands are being frozen. nobody pays tax up to £12,500. these are the thresholds at which you then start to pay. they re frozen until 2028, which means as wages start to go up, everybody pays more in tax. from april, more people will be paying at the higher rate, too, as the threshold is being lowered from £150,000, to £125,000. the chancellor insists the changes are fair. the independent office for budget responsibility actually said that the measures that we announced yesterday will make the recession lighter. it will mean that around 70,000 jobs are saved. so i think that will give
on your circumstances. so, benefits, for example, are going up by 10% that means someone on universal credit will get an extra £2“; next year, and the minimum wage is going up to £10.42 for over 23s. and low income families will get government support for about half of the expected energy bill rise. but middle earners, so someone earning around £30,000 per year, will only get support for about a third of the rise in their bills and they re likely to be hardest hit because the tax bands are being frozen. nobody pays tax up to £12,500. these are the thresholds at which you then start to pay. they re frozen until 2028, which means as wages start to go up, everybody pays more in tax. from april, more people will be paying at the higher rate, too, as the threshold is being lowered from £150,000, to £125,000. the chancellor insists the changes are fair. the independent office for budget responsibility actually said that the measures that we announced yesterday will make the recessi
probably more than they have ever gone down before in a two year period on average. of course, budgets mean different things depending on your circumstances. so benefits, for example, are going up by 10% that means someone on universal credit will get an extra £2“; next year, and the minimum wage is going up to £10.42 for over 23s. and low income families will get government support for about half of the expected energy bill rise. but middle earners, so someone earning around £30,000 per year, will only get support for about a third of the rise in their bills and they re likely to be hardest hit because the tax bands are being frozen. nobody pays tax up to £12,500. these are the thresholds at which you then start to pay. they re frozen until 2028, which means as wages start to go up, everybody pays more in tax. from april, more people will be paying at the higher rate, too, as the threshold is being lowered from £150,000, to £125,000. the chancellor insists the changes are fa
suddenly we have had these rate rises when after the other and of course is not going to stop at 1% but already we are told that it s going to probably come up to about 2%. every signal percentage point rise is passed on to mortgage holders and a much biggerfashion than what the bank radius. so people in their mortgages will go up and they will really start feeling it and at the same time as an energy bill rise and at the same time as the cost of living and food prices and prices of anything and obviously this is a desperate measure by the bank of england and in an attempt to try and control inflation, to try and stop this runaway soaring price rises that we see. the concern and the big debate is are they going to do this correctly or are they raising rates at the right moment because the danger is if you raise