Court of Protection

Budget Summary 2021

A budget update from Mullis & Peake LLP Solicitors:

28 Oct 2021

M&P Commentary

Samantha Hamilton, Head of Court of Protection at Mullis & Peake LLP, said:

The Chancellor, Rishi Sunak, delivered the budget statement on 27th October 2021.

Here are some highlights:

Alcohol duty has been simplified from 15 down to six categories, with higher duty applying to stronger types of drink.

Tobacco duty on hand-rolling tobacco is to increase by 4%.

Fuel duty increases which had been planned have been shelved as a result of the current high fuel prices.

NHS/ health spending to increase by £4.2bn during the current parliament.  In addition £5.9bn will be provided to reduce waiting list backlogs in the NHS.

The Supporting Families programme will receive an additional £200m and there will be £300m invested in the Start for Life scheme.

Universal Credit will have the taper rate cut worth £22nd to claimants.

Minimum wage to rise to £9.50 per hour (from £8.91) in April 2022 for workers over 23 years old.  Similar increases will be made for other age groups.

A cladding levy will be imposed on property developers with profits over £25m.  This is intended to raise £5bn to fund the removal of defective cladding.

 

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