| UPDATED: 13:18, Sun, Feb 28, 2021
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Income Tax is paid on earnings, and thus an alteration taking place to the levy is likely to affect millions of workers, depending on how such a move is enacted. With the Budget just around the corner, speculation on tax increases has sharply risen as experts wonder if the Treasury will attempt to claw back high amounts it has spent over the last year. Now, with mere days away, it will be important for Britons to understand the potential implications of the economic event.
Inheritance Tax: Rishi Sunak s Budget could mean massive changes to gifts & allowances | Personal Finance | Finance express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
Updated: 1 Mar 2021, 15:22
CHANCELLOR Rishi Sunak is working on spending plans to help people through the coronavirus pandemic.
More support for workers, struggling families and businesses is on the cards, along with tax hikes to cover the cost of the schemes.
Follow our UK politics live blog for the very latest news and updates.
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The Chancellor will outline how the government s pandemic support will be repaid in his BudgetCredit: Simon Walker HM Treasury
The Budget will be held this week on Wednesday March 3.
The Chancellor takes centre-stage as he outlines the government s plans for tax hikes, cuts and things like changes to Universal Credit and the minimum wage.
| UPDATED: 14:14, Thu, Feb 25, 2021
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Rishi Sunak, Chancellor of the Exchequer, will be tasked in mere days time with laying out Britain’s economic approach for the next year. The Chancellor will be required to steer Britain’s course out of the pandemic, as well as offering support to the millions of people still feeling the impacts of COVID-19. Many have speculated the Treasury could be looking to claw back at least some of the large sums of money it has spent in the last year funding support for Britons.
Spring Budget 2021 predictions | UK Business Forums ukbusinessforums.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ukbusinessforums.co.uk Daily Mail and Mail on Sunday newspapers.