British ice are tax Free Allowance to invest in uk listed companies. British isa tax Free Allowance. Moving on to the uk economy. The Office For Budget Responsibility predicts uk economy will grow by 0. 8 this year and 1. 9 next year. The uks Inflation Rate is also forecast to fall below 2 target this year. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year rising to 92. 8 next year. The government also kept a freeze on alcohol duty, which had been due to end in august, which will now continue until february 2025. There will be a new tax on vaping products to start in october 2026, and the existing tax on tobacco will increase. The chancellor says is in order to maintain the financial incentive to choose vaping over smoking. 0n transport and energy, the government has frozen the fuel duty again and kept the 5p cut in fuel duty on petrol and diesel, due to end later this month for another year. A windfall tax on the profits of energy firms,
Businesses fired warning shots at the government predicting job losses and closure of firms in favour of other markets in the East African Community should the Bill be passed as is.