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105. What You Need To Know To Judge The Budget

The Rest Is Money

CHAPTER

Budgetary Challenges and Tax Implications

This chapter explores the impending budget announcement and the financial hurdles the government faces, including a projected shortfall of £40 to £50 billion. The discussion focuses on potential tax increases, particularly national insurance contributions and their effects on working individuals and businesses. It also addresses misconceptions about inheritance tax and the complexities surrounding capital gains tax, highlighting the broader impact of these fiscal decisions on society and the economy.

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