Court of Protection
Budget Summary 2021
A budget update from Mullis & Peake LLP Solicitors:
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.