Autumn Budget Summary – Main headlines

Legal minimum wage for over-21s to rise 4.1% in April, from £12.21 to £12.71 per hour Wage for 18 to 20-year-olds to go up 8.5%, from £10 to £10.85 per hour, as part of a plan to establish a single rate for all adults Inflation predicted to average 3.5% this year, before falling to 2.5% next year, and returning to the government’s 2% target in 2027 5p “temporary” cut in fuel duty on petrol and diesel extended again, until September 2026 before it rises again over six month period A new mileage-based tax for electric vehicles and plug-in hybrid cars to be introduced from 2028 Tax on sugary drinks extended […]