Jeremy Hunt has unveiled a budget promising “much-needed help in challenging times”, with key measures including a 2p cut to national insurance, an extension to the alcohol and fuel duty freezes and the abolition of the non-domiciled tax status, a policy borrowed from Labour.
But Paul Johnson, director of the Institute for Fiscal Studies think tank, said overall tax had “still risen a lot over this parliament” and low earners would lose out more from frozen tax thresholds than they gain from national insurance cuts. Follow live reaction here.
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5 мар 2024