autumn budget 2024

Question 1

who delivered the budget

Answer 1

rachel reeves

Question 2

How much in tax increases did the chancellor announce in the 2024 budget?

Answer 2

£40bn

Question 3

Which tax will remain unchanged for employees, according to the 2024 budget?

Answer 3

income tax

Question 4

When will income tax thresholds begin to rise with inflation, as outlined in the 2024 budget?

Answer 4

2028

Question 5

What will the new basic rate of capital gains tax be for selling shares?

Answer 5

18%

Question 6

In what year will inheritance tax be applied to unspent pension pots?

Answer 6

2027

Question 7

From which year will companies pay 15% NI on salaries above £5,000?

Answer 7

April 2024

Question 8

What is the increased NI employment allowance for small companies?

Answer 8

£10,500

Question 9

What is the main rate of corporation tax on profits over £250,000?

Answer 9

25%

Question 10

How long will the 5p fuel duty cut continue after April 2025?

Answer 10

another year

Question 11

To what amount will the single bus fare cap in England rise in January?

Answer 11

£3

Question 12

By what percentage will Air Passenger Duty increase for private jet flights?

Answer 12

50%

Question 13

What is the new legal minimum wage for over-21s starting in April?

Answer 13

£12.21

Question 14

What increase will carers’ allowance earnings threshold reach?

Answer 14

£195 per week

Question 15

How much additional funding was allocated for the NHS in England?

Answer 15

£25bn

Question 16

How much is set aside to rebuild over 500 schools?

Answer 16

£1.4bn

Question 17

What will the new stamp duty surcharge on second homes be?

Answer 17

£5bn

Question 18

What is the expected UK economic growth rate for 2024?

Answer 18

1.1%

Question 19

Which financial asset will now be included in the definition of UK government debt?

Answer 19

student loan repayments

Question 20

How much additional funding will Wales receive due to extra English spending?

Answer 20

1.7bn