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[HM Treasury @hmtreasury]

Every child should have access to a high-quality education.

From 1 Jan 2025, VAT will apply to all education, training and boarding services provided by private schools.

This money will help us to invest more in state education, improving standards and opportunities for all.

[HM Treasury @hmtreasury]

Those that make the UK their home should pay their taxes here.

That is why we are removing domicile status from the tax system from 6 April 2025 & creating a simpler residence based regime, designed to bring the best talent & investment to the UK.

[HM Treasury @hmtreasury]

We're protecting our high streets.

From 2026-27 permanently lower tax rates will be introduced for retail, hospitality & leisure (RHL) properties.

Plus, for 2025-26, 250,000 RHL properties will receive 40% relief on their bills, up to a cash cap of £110,000 per business.

[HM Treasury @hmtreasury]

We want to discourage non-smokers & young people from taking up vaping.

From 1 Oct 2026, we’re introducing a vaping duty for the first time at £2.20 per 10ml of liquid.

Plus a one-off tobacco duty rise to keep the incentive to choose refillable vaping over smoking.

[HM Treasury @hmtreasury]

The government will protect working people and those in local communities by freezing fuel duty next year.

This is a tax cut worth £3bn and will save motorists almost £60 a year.

[HM Treasury @hmtreasury]

We want to give retired workers the long-term financial security they need.

That’s why in 2025-26 we’re increasing the State Pension by up to £470 in line with the Triple Lock.

[UK Prime Minister @10DowningStreet]

Today the first stage of the country’s largest expansion in childcare begins.

Thousands of working parents of two-year-olds are now able to access 15 hours a week of government-funded childcare.

Here’s how it works 👇

[HM Treasury @hmtreasury]

At the Autumn Statement, we cut employee National Insurance by 2p. Today we've cut it again.

This slashes the main rate of Employee NICs by a third.

This helps to grow the economy by encouraging people to work, and puts more money in people’s pockets.

[HM Treasury @hmtreasury]

From 6 April 2024 the main rate of National Insurance contributions for the self-employed will be reduced from 8% to 6%.

Along with the abolition of Class 2 NICs announced at the Autumn Statement.

This helps to grow the economy by encouraging people to work.

[HM Treasury @hmtreasury]

We’re increasing the threshold at which parents start paying the High Income Child Benefit Charge, from £50,000 to £60,000.

Making almost half a million families better off by an average of almost £1300 per household.

[HM Treasury @hmtreasury]

Plans to end unfairness in the Child Benefit system by April 2026, by assessing the High Income Child Benefit Charge based on household income rather than individual earnings.

Supporting single parents & single income families.

[HM Treasury @hmtreasury]

The Government will end the current tax regime for UK non-doms.

Under the new regime anyone who has been a tax resident in the UK for more than four years will pay UK tax on their foreign income and gains.

Making sure the UK tax system is fair and internationally competitive.

[HM Treasury @hmtreasury]

Future proofing our NHS is a priority.

That’s why we are protecting day to day funding levels in real terms and supporting the NHS to continue to improve performance and reduce waiting times.

[HM Treasury @hmtreasury]

We're improving NHS productivity with £3.4bn investment, which could help save £35bn by 2030:

✔️expanding AI use for quicker cancer diagnosis
✔ cutting admin & freeing up capacity
✔ transforming access and services for patients

So clinicians can focus on delivering care.

[HM Treasury @hmtreasury]

Our new plans for public sector productivity are expected to deliver up to £1.8 billion worth of benefits:

🚓 Saving thousands of hours for our police force
👛 Saving £100m for the public purse by reducing fraud
⚖ Saving 55,000 hours of admin time in the justice system

[HM Treasury @hmtreasury]

Our life sciences sector is worth £108bn to the economy & helps to save lives.

Today @AstraZeneca have announced plans to invest £650m in a new vaccine manufacturing facility in Speke, Liverpool & increase their presence in Cambridge.

[HM Treasury @hmtreasury]

From film to theatre and music to art, UK creative excellence is unmatched.

Which is why we're announcing more than £1bn in additional tax relief for creative industries over the next five years - to boost inward investment and attract production companies from around the world.

[HM Treasury @hmtreasury]

Investing in great UK businesses helps to boost our economy.

That’s why we’re announcing the British ISA – allowing people to invest up to £5,000 more, tax free a year in UK assets.

Growing our economy, rewarding investors & supporting British business.

[HM Treasury @hmtreasury]

We should reward smaller businesses who make a big impact on our society & employ millions of people.

That's why from April 1, we're increasing the VAT registration threshold from £85,000 to £90,000 - cutting taxes for small businesses across the UK.

[HM Treasury @hmtreasury]

Small businesses being able to access the finance they need to grow & invest is crucial if we're to grow our economy.

That's why we're extending the Recovery Loan Scheme and renaming it as the Growth Guarantee Scheme – helping 11,000 SMEs to access the funding they need.