A raft of financial changes are set to take place in June that could affect your personal budget.
Amidst the announcement of a general election, some of these changes include new cost of living payments for individuals living in certain areas. Furthermore, some Universal Credit recipients may see a rise in their payments, depending on when their last assessment period was.
The Bank of England is also anticipated to make a significant announcement that could impact the UK economy and your mortgage repayments when it reviews interest rates in June. Pet owners should be mindful of a new law to avoid potential fines, and banknotes featuring King Charles’ image may start showing up in your cash.
Here’s a detailed breakdown of all the financial changes happening in June 2024.
Abolition of Multiple Dwellings Relief tax break – June 1
In the Spring Budget, Chancellor Jeremy…
