Budget 2018: What it Means for You

Chancellor Philip Hammond delivered his pre-Brexit Budget this afternoon, promising support for the NHS and Armed Forces, and a rise in the Personal Allowance to £12,500

Emma Wall 29 October, 2018 | 4:49PM

Budget 2018 politics government UK brexit economics fiscal stimulus

Chancellor Philip Hammond delivered his pre-Brexit Budget this afternoon, promising policies for “strivers, grafters and carers”. Welcome support was announced for the NHS and Armed Forces, in particular for mental health and children’s services.

But the measure that will impact the largest number of Brits is the rise in the Personal Allowance to £12,500 and the higher rate tax threshold rising to £50,000 in April 2019 – one year earlier than planned.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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