Chancellor Jeremy Hunt will set out the 2024 spring Budget on Wednesday, March 6, in what's expected to be a hugely significant moment for the country.
Chancellor Jeremy Hunt will set out the 2024 spring Budget on Wednesday, March 6, in what's expected to be a hugely significant moment for the country. Paving the way for a spring general election, this could be the final Budget overseen by the Conservatives - and a last ditch bid to persuade voters.Potential cuts linked to national insurance have been floated by the Chancellor, with rumours of a rise in income tax thresholds and 99% mortgages music to the ears of first time buyers.
What measures have been trailed? The 2024 Spring Budget could include: • Income tax cuts - tax is expected to be frozen - but there are questions over how the government will afford this. Bands have been at £12,570 and £50,270 since April 2021 but could potentially rise to £15,000 and £60,000 respectively. • National Insurance - An NI cut took place in January and the government could cut this again - reports suggest a 2p reduction could be on the cards.
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