Welcome to our fourth newsletter for 2024 aiming to bring you the latest in financial news and updates.
This month we focus on the following topics:
UK HOUSE PRICES RISE AS INTEREST RATES FALL: The average house price increased by 1.2% compared to last year, climbing to an average of £260,420. The last growth was seen in January 2023.
MANUFACTURING AND R&D TO RECEIVE £360M BOOST: Funding aims to drive economic growth, enhance health resilience, and generate employment.
STEALTH TAX AND SAVINGS SHAKE UP SALARY BANDS: Fiscal drag raises tax burden for many. Following the recent Spring Budget, NI rates in the UK will decrease by 2%.
PM PROPOSES SCRAPPING NATIONAL INSURANCE: Plans to simplify tax could require other increases. In 2022/23, NICs generated £178bn, with £103bn from employers, £65bn from employees, and around £10bn from the self-employed.
WANT TO TALK TO AN EXPERT? Call one of the team at Porter Garland for advice on any of your financial matters. Or to keep reading, click this link: newsroundup-april24-default