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Budget 2024 live: People still worse off, says Labour, after Hunt cuts National Insurance

By admin On Mar 7, 2024
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Budget 2024 live: People still worse off, says Labour, after Hunt cuts National Insurance – BBC News

























BreakingBreaking news

Summary

  1. Chancellor Jeremy Hunt says people on the average wage will be better off, after he cut National Insurance again yesterday
  2. Hunt also says he would like to cut taxes further – but points out the impact of the government’s Covid spending
  3. Labour’s shadow chancellor Rachel Reeves says Hunt gives with one hand, and takes “much more” with the other
  4. Despite the NI cut, Labour says frozen income tax rates and thresholds mean people have lost money overall
  5. In the Budget yesterday, Hunt also increased the child benefit threshold from £50,000 to £60,000
  6. Our correspondents will answer your questions on the Budget later – email haveyoursay@bbc.co.uk





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