Uk Spring Budget 2024 Summary And Analysis. From 1 november 2024 the energy profits levy will increase to 38 percent from 35 percent with the investment allowance abolished and the rate of the decarbonisation allowance set at 66. As providers of vital services.

The key takeaways from uk labour’s first budget in 14 years, including changing to fiscal rules, tax hikes and ambitious investment plans. From 1 november 2024 the energy profits levy will increase to 38 percent from 35 percent with the investment allowance abolished and the rate of the decarbonisation allowance set at 66.