Tax season is coming up and Budget has finished making its
statement regarding spending in the United Kingdom. After Budget's statement is
the announcement of possible new UK laws that may come after April 2017. Most
of it deals with childcare, personal finance and almost every available
financing.
NHS prescriptions are set to go up by 20 pence, which means
the £8.40 rate would be £8.60 for each medicine and appliance dispensed.
However, for long-term diseases including cancer, epilepsy and diabetes,
together with new mothers and pregnant women, children under 16 and those who
are retired and on a low income, the fee is waived.
Business apprenticeships are to increase this year. An
additional new tax levy to big businesses would enable the UK to fund 3 million
apprenticeships nationwide. The £3bn yearly business levies earning about £3m
yearly allows smaller companies to enjoy their profits while bigger ones enable
an increase in employment for the country.
Minimum wage increases -- greatly anticipated in the country
-- would see a "substantial" boost. According to Cambridge News, it
is likely to increase £7.50 an hour for professionals over 25 years of age.
Employees from 18-24 year olds could increase from £5.60 to £7.05 effectively.
The government may also increase the pay in the next few years
