The Labour Party has delivered its first budget in 14 years. Here's everything you need to know about the key issues facing women and girls.
With the Labour Party back in power for the first time in 14 years, Rachel Reeves's budget announcement has been highly speculated and eagerly anticipated. Announced today , Rachel Reeves's budget is the first in our country's history to be delivered by a woman. Addressing girls and young women in her opening statement, the UK's first female Chancellor of the Exchequer said: “Let there be no ceiling on your ambition, your hopes and your dreams.
“However, while this £5,500 boost in annual savings is a great incentive, it needs to be viewed alongside the incoming NI contribution increases.” Harris explains that this higher allowance will help to offset the higher operational costs associated with owning a small business or start-up, but it won't fully compensate for the broader National Insurance changes.
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