Budget 2024 Updates On Income Tax. Tickel forecast £35 billion ($45.4 billion) worth of tax rises and £5 billion in spending cuts to plug what finance minister rachel reeves says is a “big gap” in the budget. Alternatively, changes could be delayed until the start of the.
For instance, the government could implement changes immediately on budget day, limiting planning opportunities. In today’s budget 2024, the finance minister nirmala sitharaman has made changes in the income tax slabs and rates for the current financial year.