A lot of the changes coming in throughout the rest of the year may affect your personal finances and daily life
The laws and changes coming in the rest of the year will affect a number of issues and includes increases to Universal Credit and benefit payments and how much workers will be paid. Other major changes include how people will be able to vote in the upcoming local elections and the amount of tax some people will have to pay.
Help to Buy scheme comes to an end - March 31 The government loan scheme which aims to help first-time house buyer will soon come to an end. It was introduced as a way to tackle soaring house prices and interest rates which deterred many first-time buyers by providing some extra financial help.Energy payments end - March 31 The generous energy bill support scheme will officially come to an end as the winter period closes.
The rise means customers will pay around £1.23 per day on average – an increase of 8p per day or an average £31 more on last year's charges. Maternity Pay, paternity pay, statutory pay changes - April 2 The Department for Work and Pensions confirmed that it will increase pay rates for several statutory entitlements. Statutory maternity, paternity, adoption, shared parental, and parental bereavement pay will increase from £156.66 per week to £172.48 per week.
Here’s a full list of DWP benefits that will increase from April next year and how much you will get, with figures taken from the official Government website. Extra bank holiday - May 8 People across the UK will be treated to an extra bank holiday this year to commemorate and celebrate the coronation of King Charles III.
Changes to stamps - July 31 Classic stamps are being replaced by digital barcodes. Traditional stamps will no longer be accepted from July 31. Protection from Redundancy Bill The Protection from Redundancy Bill would strengthen the protection of women from redundancy during or after a pregnancy period. It is understood that this protection will be provided the moment an employee informs their employer of their pregnancy all the way up to six months after they have returned from a period of maternity leave.
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