Moving Rates During Spring 2024 Budget. Although experts optimistically called for rates to fall close to 6% by the end of 2024, that's less of a possibility. Explore this page for union budget 2024 highlights and analysis.
Current plans suggest a tightening of 1.6% of gdp in 2024/25, with the tax take set to rise in total from 36.3% to 37.1% over the next five years. The main rate of class 1 employee national insurance will be reduced from 10% to 8% from 6 april 2024