![Money image](/responsible-business/sites/maingel2/files/styles/post_featured/public/images/Money_0.jpg.webp?itok=KE-8fE9u)
The Chancellor has announced his Autumn Statement, some key points below:
- Increase in National Living Wage by 9.8% to £11.44 an hour
- Changes to National Insurance
- Increase in state pension from April 2024 by 8.5% to £221.20
- £50m of levelling up funds will be made across Wales, including in Powys, Denbighshire, Llanelli and Monmouthshire.
- £500,000 will also be invested in the Hay Festival.
- In addition, investment zones will be created in Wrexham and Flintshire to boost the areas financially and help them develop.
- This comes along with news that tax relief for free ports is being extended from five to ten years, benefitting Anglesey and Pembrokeshire.
For further information please select the following links: