How did the Scottish budget affect income tax?
The 2023 Scottish budget announced reasonably substantial changes to the income tax thresholds in Scotland.
The table below outlines the new tax bands that have been proposed for the tax year starting on 6th April 2024.
| Name of Band | Earnings |
UK inflation rate drops to 3.9% in November 2023
The consumer prices index (CPI) measure of inflation fell from 4.6% to 3.9% in November 2023, according to the Office for National Statistics (ONS).
Farrell Financial Planning do not give advice on future inflation or interest rate movements. …
Bank of England holds interest rates at 5.25%
The Bank of England has kept interest rates at 5.25%, this is the third consecutive interest rate hold.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 6 members voted to keep interest rates
UK inflation rate drops to 4.6% in October 2023
The consumer prices index (CPI) measure of inflation fell from 6.7% to 4.6% in October 2023, according to the Office for National Statistics (ONS).
Farrell Financial Planning do not give advice on future inflation or interest rate movements. …
Bank of England holds interest rates at 5.25%
The Bank of England has kept interest rates at 5.25%, this is the second consecutive interest rate hold.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 6 members voted to keep interest rates