The government has released its Budget for 2023 and it’s packed with changes that will affect how much we pay for goods and services tax. From taxes to healthcare to housing, the Budget 2023 has something for everyone. So what can you expect from this year’s budget? Let’s take a closer look.
Taxes:
Taxes are a major part of the Budget 2023, with the government introducing a range of new measures to help reduce the cost of living. The most significant change is the introduction of a new flat tax rate of 20%, which will apply to all income levels. This will replace the current progressive tax system, which means that those on higher incomes will pay more.
Healthcare:
The Budget 2023 also includes several changes to healthcare. The government has increased the amount of money allocated to the NHS, meaning that more people will be able to access the healthcare they need. Additionally, the government has increased the amount of money available for mental health services, which will help to reduce the burden on the NHS.
Housing:
The Budget 2023 includes several measures to help make housing more affordable. The government has increased the amount of money available for housing grants, which will help people to get on the property ladder. Additionally, the government has introduced a new scheme that will make it easier for first-time buyers to get a mortgage.
Education:
The Budget 2023 has also increased the amount of money available for education. This includes an increase in the amount of money available for school meals, as well as additional funding for universities and colleges. These measures should help to make education more accessible for everyone.
Overall, the Budget 2023 is packed with changes that will affect how much we pay for goods and services.
