Budget Impact: Tax Hikes, Energy Savings, EV Charges & Disability Benefits

Budget Impact: Tax Hikes, Energy Savings, and EV ChargesThe recent budget announces a three-year freeze on tax thresholds, potentially increasing tax burdens for those with rising earnings. Energy bills are set to decrease by around £150 next April, funded by shifting energy levies and reallocating funds. Landlords face a 2% tax increase on property income, potentially leading to higher rents. A new 3p per mile charge on electric vehicles and plug-in hybrids will start in April 2028. Disability benefits, including PIP, will increase by 3.8% from April 2026, with no proposed reforms to restrict access. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.