A quick guide to key Spring Budget announcements and what they mean for you

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A quick guide to key Spring Budget announcements and what they mean for you
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Money writer Linda Howard, will be answering your questions and comments on the impact of the Budget statement on Thursday March 16 between 10am and 2pm.

Chancellor Jeremy Hunt has delivered the Spring Budget in the midst of a cost of living crisis and nis solution to fixing the UK’s current economic crisis is growth.

Spring Budget Q&A From 10am until 2pm on Thursday, March 16, Daily Record money writer Linda Howard, will host a live Q&A to discuss Chancellor Jeremy Hunt's Spring Budget and how the changes will impact households across Scotland. “The Chancellor’s announcement means that energy bills for households with typical gas and electricity use, paying by direct debit, will be limited to £2,500 a year, instead of the £3,000 ceiling which was scheduled to begin on April 1.

Ofgem has agreed with suppliers a temporary suspension to forced installations of prepayment meters, and Mr Hunt said he will “bring their charges in line with comparable Direct Debit charges”. “We recognise the increase in the amount workers can accumulate in their pension savings before paying extra tax might be beneficial for some people, but what does it mean to the average person, those who are already struggling? Where are they going to get the funds from to increase their pension pots?” she asks.

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