Cuts to National Insurance payments have been announced in the Autumn statement which will mean employees payments to NI have been cut from 12% to 10%, taking effect from 6 January. This gives a boost to incomes and helps to improve affordability when it comes to borrowing.
Richard Donnell head of research and insight at Zoopla, said the housing market is an extension of the wider economy. He said: “Putting more money into take-home pay will help improve housing affordability and support confidence into 2024.”
The first sitting of the Public Bill Committee is expected to be in mid-November and the committee will report back by Tuesday 5 December. We will bring you any updates as they are announced.
If you’re interested in finding more about what’s really happening in the local property market, contact your local Arins today to book an advice meeting.
Arins Property Services - selling & letting homes in Wokingham, Lower Earley, Tilehurst, Reading and Winnersh since 2009.
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Winnersh Triangle,
Building 220, Wharfedale Road,
Wokingham, Berkshire, RG41 5TP
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