Summary of Budget 2018: Key points at-a-glance
Personal taxation and wages
The personal allowance threshold, the rate at which people start paying income tax at 20%, to rise from £11,850 to £12,500 in April - a year earlier than planned
The higher rate income tax threshold, the point at which people start paying tax at 40%, to rise from £46,350 to £50,000 in April
After that, the two rates will rise in line with inflation
National Living Wage increasing by 4.9%, from £7.83 to £8.21 an hour, from April 2019.
Tax rates and thresholds are different in Scotland. The Scottish government's Finance Secretary Derek Mackay will set out his income plan for Scottish tax payers on 12 December.
Alcohol, tobacco and fuel
Beer, cider and spirits duties to be frozen
Cost of a bottle of wine duty to rise by 8p, in line with inflation, in February
Tobacco duty will continue to rise by inflation plus 2%
A packet of 20 cigarettes will go up by 33p at 18.00 GMT
A ten gram pack of cigars goes up by 17p.
Fuel duty to be frozen for ninth year in a row
Remote Gaming Duty to increase to 21% for online gambling on "games of chance" from 2019
Read on (source and credit)
https://www.bbc.co.uk/news/uk-politics-46017125
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