Chancellor Jeremy Hunt will deliver the 2024 spring Budget later this week on Wednesday March 6 in a hugely significant moment for the country and what could be the final Budget before heading into a general election.
What is likely to be in it?The budget will reveal the government’s spending plans for the upcoming year. Tax cuts are at the top of the agenda as millions of people struggle with the rising cost of living.The Chancellor will be looking at ways to cut taxes with speculation he could scrap the non-dom tax status and raise duty on business class flights among measures put forward.The government will also be looking at finding ‘efficiencies’ in public spending.
The Labour leader will then have a change to respond to the Chancellor’s statement.The budget speech normally starts at about 12.30pm and lasts around an hour.
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