Autumn Budget quiz: How closely were you following Rachel Reeves’s tax-raising speech?
Rachel Reeves announced a slew of new tax hikes in the Autumn Budget, impacting almost every taxpayer in the UK. How closely were you following the fiscal event?
Chancellor Rachel Reeves announced a package of tax rises worth around £26 billion in the Autumn Budget on Wednesday, 26 November.
The biggest revenue-raiser will be an extended freeze on income tax thresholds until 2031, bringing in around £8 billion.
A crackdown on salary sacrifice for pension contributions, a hike on tax from property, savings, and dividend income, and a new ‘mansion tax’ are among the other levies announced.
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How closely were you following the Budget? Test yourself with our Budget quiz.
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How the ‘Reeves Freeze’ on income tax thresholds could cost you up to £1,300The income tax threshold freeze will rake in an extra £12 billion by 2031, according to the Office for Budget Responsibility
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