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MSE News: Budget 2023: round-up of today's key announcements and what they mean for your finances

MSE_Petar Posts: 363 MSE Staff

15 March 2023 at 8:06PM in Cutting tax

The Chancellor Jeremy Hunt has today announced a range of new tax, benefits and energy measures in his Budget. But, as MoneySavingExpert.com founder Martin Lewis points out, income tax thresholds will remain frozen – meaning millions will be pulled into paying more tax through a process known as "fiscal drag". Below we round up the key announcements and you can also watch Martin's instant reaction.

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'Budget 2023: Martin Lewis rounds up today's key announcements and what they mean for your finances'

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Martin Lewis: Are you one of 800,000 parents missing out on up to £2,000 a year towards childcare costs?
If you pay for childcare, whether just for the summer or all year round, watch this urgent video briefing on the help that's available.
Martin Lewis: Energy Price Cap to fall 7% on 1 July (though it's still a Pants Cap). What it means for you and the new rates
The price most households pay for gas and electricity will fall by 7% on average from 1 July 2025 as energy regulator Ofgem has announced the latest Energy Price Cap rates. How much you'll pay under the new cap depends on how much energy you use and where you live.
Martin Lewis: The Price Cap to fall 7% on 1 July (though it's still a Pants Cap). What it means for you and the new rates...
The price most households pay for gas and electricity will fall by 7% on average from 1 July 2025 as energy regulator Ofgem has announced the latest Energy Price Cap rates. How much you'll pay under the new cap depends on how much energy you use and where you live.
Energy bills to fall 7% in July as new Price Cap is announced – what it means for you
The price most households pay for gas and electricity will fall by 7% on average from 1 July 2025 as energy regulator Ofgem has announced the latest Energy Price Cap rates. How much you'll pay under the new cap depends on how much energy you use and where you live.
Martin Lewis: Going abroad soon? Two passport checks to stop you being turned back
"My daughter wasn't allowed to board the plane even though she had seven months left on her passport." MoneySavingExpert.com founder Martin Lewis explains two key checks to ensure this doesn't happen to you (while it differs per country, these'll generally keep you safe), in the latest episode of ITV's The Martin Lewis Money Show Live.
Drivers to be able to pay for parking using just ONE app under new Government plans
You should soon be able to pay for parking across the UK using just one app under new Government plans. The initiative is designed to end "the scramble" to download multiple apps for use at different car parks.
Warning. Five holiday booking scams to watch out for as over £11 million lost to travel fraud
Booking your summer holiday soon? Protect yourself from scams by watching out for clone websites, fake deals and bogus cancellations, as fraudsters to continue to use a variety of sophisticated methods to trick holidaymakers out of their cash.
Santander Edge customer? It's axing its 1% cashback on spending
If you've got a Santander Edge current account, you'll no longer earn 1% cashback on supermarket, fuel and travel spending from 9 September. The bank has today (20 May) confirmed it's axing the perk, though it will continue to pay 1% cashback on bills.
Martin Lewis: I'm a bit teary – we just got a win on changing hideous Council Tax debt collection
Miss one monthly Council Tax payment and within six weeks you can have bailiffs at the door asking you to pay the whole year's bill, plus extra on top. But in a win for MoneySavingExpert.com founder Martin Lewis and his charity the Money and Mental Health Policy Institute (MMHPI), the Government has agreed to investigate these "catastrophic" debt collection practices.

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MSE News: Budget 2023: round-up of today's key announcements and what they mean for your finances

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