Budget Increases Minimum Wages
This is a Scotland news story, published by BBC, that relates primarily to VAT news.
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Minimum wageBBC
•Tax, wages and prices - what the Budget means for you and your money
81% Informative
National Living Wage, for employees aged 21 and over, will rise from 11.44 an hour , to 12.21 .
Minimum wage for those aged 18, 19 or 20 , the National Minimum Wage will go up from 8.60 an hour .
For those aged 16 or 17 , the minimum wage will also rise from 6.40 an hour to 7.55 .
Private school fees will be added to private school fees from 1 January, 2025 .
Single bus fare cap applied to many routes will be raised to 3 in 2025 , up from 2 .
A freeze in income tax thresholds at which different rates of tax are paid continues as planned.
There had been speculation this would be prolonged, but the chancellor ruled this out.
Anyone who dodges paying tax faces a higher interest rate when paying it back.
Scotland has its own income tax rates and VAT , paid when buying goods and services, remains unchanged.
VR Score
86
Informative language
86
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74
Article tone
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English
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