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 Section a Budget Summary 2023-2025

State of Illinois Uni Budget Template 2023-2025 Form

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today it falls to this labor party to this labor government to rebuild Britain once again and while this is the first budget in more than 14 years to be delivered by a labor Chancellor it is the first budget in our country's history to be live delivered by a woman together the whole in our public finances this year which recurs every year the compens ation schemes that they did not fund and their failure to assess the scale of the challenges facing our Public Services means that this budget raises taxes by 440 billion any Chancellor standing here today would have to face this reality and any responsible Chancellor would take action so in today's budget I am announcing an increase in employers National Insurance contribution we will increase the rates of employers National Insurance by 1.2 percentage points to 15% from April 2025 and we will reduce the secondary threshold the level at which employers start paying National Insurance on each employee salary from 9,100 a ye

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