💨 Abstract

In the recent Autumn Budget, Rachel Reeves announced that national insurance and income tax thresholds will remain at 2022 levels for three more years, and dividend tax rates will increase. Electric vehicle (EV) drivers will face a new excise duty of up to 3p per mile starting in 2028. These changes significantly impact Lee, a self-employed cab driver from Stafford earning £20,000 a year, who is struggling to make ends meet.

Courtesy: Sarah Davidson