Briefing Paper About 2018 Budget for Changes to Premium Bonds and Introduction of the Digital Services Tax (DST)

The UK government has taken steps to reduce the fiscal deficit and the austerity measures put in place since 2010 has paid off. However, the annual GDP growth rates of 1% to 1.5% is hardly something to cheer about. Under the new budget, premium bonds have undergone several changes to increase the scope of its applicability. Premium bonds have been introduced with provisions to be bought for children who are not your own children.