It’s budget day and the chancellor’s budget proposals will be officially released later today.
VB will be bringing you updates later in the day, but in the meantime we’ve been pondering on something.
According to leaks in the budget proposals, 25 million people in the UK earning under £110,000 will be £45 a year better off due to a proposed change in the income tax threshold.
Assuming it’s not taken back off you by the government in other ways – and that you can’t use the extra money on the rising price of fuel, energy, food, transport etc. – how would you spend your extra £45?
Just fantasise for a moment and imagine you are truly £45 a year better off. What would the money go on?
Image: Howard Lake under CC BY 2.0
