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HomePoliticsUK PoliticsBudget 2024 live: Hunt expected to cut National Insurance by another 2p...
UK Politics

Budget 2024 live: Hunt expected to cut National Insurance by another 2p in Budget

David Graham
By David Graham
March 6, 2024
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    Budget 2024 live: Hunt expected to cut National Insurance by another 2p in Budget – BBC News

























    BreakingBreaking news

    Summary

    1. Chancellor Jeremy Hunt will deliver the Budget at 12:30 GMT, outlining the government’s tax and spending plans
    2. He’s expected to cut National Insurance for workers by another 2p – it also fell by 2p in last year’s Autumn Statement
    3. It would mean the main rate falling from 10% to 8% – which could save the average worker around £450 a year
    4. “Because of the progress we’ve made… we can now help families with permanent cuts in taxation,” says Hunt
    5. Some Conservatives want cuts in income tax, or an increase in the thresholds where it’s paid
    6. “The Conservatives promised to fix the nation’s roof,” Labour’s Rachel Reeves says, but instead they are “now burning the house down”
    7. The UK economy fell into recession last year, and overall tax take is approaching a level not seen since the aftermath of World War Two
    8. Before the Budget comes Prime Minister’s Questions – you can watch it all by pressing play at the top of the page



    www.bbc.co.uk

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