Budget at a glance: What measures did the Government announce?
9 months, 2 weeks ago

Budget at a glance: What measures did the Government announce?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt used the Budget to announce national insurance tax cuts, ahead of an expected general election later this year. Mr Hunt’s headline announcement was a 2p cut to national insurance, matching a reduction announced in the autumn statement, alongside a series of measures to help hard-up households with the cost of living. – Fuel and alcohol duty freezes The Chancellor said he would maintain the 5p cut and freeze fuel duty for a further 12 months. – Public services The planned growth in day-to-day public spending will be kept at 1% in real terms but the Government will “spend it better” with a new “productivity plan”, Mr Hunt said.

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History of this topic

Scottish Government will get no more than £330m for national insurance increase
4 weeks ago

Scottish Government will get no more than £330m for national insurance increase

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Treasury will provide no …

Yes, the Budget was disappointing – but not for the reasons you think
1 month, 3 weeks ago

Yes, the Budget was disappointing – but not for the reasons you think

The Independent  

Looking back, it’s hard to choose: the name-checking of a primary school in Hartlepool, or the potholes. In her first Budget – Labour’s first for 14 years, and the first to be delivered by a woman – chancellor Rachel Reeves said the school in the northeast of England would be rebuilt, and that an extra £500m would be spent on …

Is the backlash against Reeves’s national insurance hike justified?
1 month, 3 weeks ago

Is the backlash against Reeves’s national insurance hike justified?

The Independent  

It should probably come as no surprise that what the chancellor, Rachel Reeves, once described as “a tax on jobs” has turned out to be. In particular, the “secondary threshold” – the level at which employers become liable to pay national insurance on each employee’s salary – will come down from £9,100 per year to £5,000 per year. The health …

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists
1 month, 3 weeks ago

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is in a …

Spending plans mean £9 billion of cuts after next year, economists warn
1 month, 3 weeks ago

Spending plans mean £9 billion of cuts after next year, economists warn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. I am willing to bet a substantial sum that …

Papers react to Labour’s Budget ‘gamble’
1 month, 3 weeks ago

Papers react to Labour’s Budget ‘gamble’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ms Reeves said Labour’s first …

Employer national insurance hike to slow hiring and wage growth, critics say
1 month, 3 weeks ago

Employer national insurance hike to slow hiring and wage growth, critics say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Chancellor has admitted that …

Budget 2024: What was missing from Labour’s historic event?
1 month, 3 weeks ago

Budget 2024: What was missing from Labour’s historic event?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves holds the chancellor’s iconic red briefcase However, there …

Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid
1 month, 3 weeks ago

Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid

Daily Mail  

Martin Lewis has given a definitive run down on Rachel Reeves' Budget, as he warned that 'someone will have to pay' for Labour's new policies. Feel free to share pic.twitter.com/ewDye8xn2S — Martin Lewis October 30, 2024 Mr Lewis, the founder of MoneySavingExpert.com, asked how the businesses will pay for a £615 surge per employee 'For the employers who pay it, …

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement
1 month, 3 weeks ago

Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves is set to unveil Labour’s first Budget in a …

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?
1 month, 3 weeks ago

Budget 2024 costing: How could Labour find £40bn in tax rises and spending cuts?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The party’s gloomy messaging has set the stage for a …

Millions of working people will suffer from Reeves’s first Budget, warns OBR
1 month, 3 weeks ago

Millions of working people will suffer from Reeves’s first Budget, warns OBR

The Telegraph  

Millions of working people will suffer from Rachel Reeves’ Budget tax raid, the Government’s fiscal watchdog has warned. Workers will pay for 80pc of the Chancellor’s increase in employer National Insurance in the long term through lost wage increases and lower income, according to the Office for Budget Responsibility. Homeowners also face hundreds of pounds more in mortgage bills, with …

Starmer intervenes in ‘working people’ Budget row with grim warning
1 month, 3 weeks ago

Starmer intervenes in ‘working people’ Budget row with grim warning

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Prime minister Keir Starmer promised the Budget will ‘ignore the …

Reeves set to increase employers’ national insurance contributions
1 month, 4 weeks ago

Reeves set to increase employers’ national insurance contributions

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves is …

‘We will keep manifesto promise on tax,’ says Starmer amid Budget speculation
2 months, 1 week ago

‘We will keep manifesto promise on tax,’ says Starmer amid Budget speculation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Prime Minister has declined …

Reeves insists National Insurance increase won’t break manifesto pledge
2 months, 1 week ago

Reeves insists National Insurance increase won’t break manifesto pledge

The Telegraph  

The Chancellor has insisted that increasing employers’ National Insurance contributions in the Budget won’t break Labour’s promise to protect working people from tax rises. She insisted that a manifesto pledge not to increase income tax, National Insurance or VAT only applied to “working people”, and not the companies that employed them. The Chancellor refused to rule out an increase in …

Tories vow to scrap national insurance for the self-employed ‘risk-takers’
6 months, 1 week ago

Tories vow to scrap national insurance for the self-employed ‘risk-takers’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Conservatives have pledged to …

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears
6 months, 1 week ago

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears

Associated Press  

LONDON — Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the U.K.'s election, pledging to cut taxes and reduce immigration if his Conservative Party is reelected on July 4. With the Conservatives trailing the left-of-center Labour Party in opinion polls, Sunak acknowledged that “people are frustrated with our party …

New Zealand budget expected to offer tax cuts and a worsening outlook
6 months, 3 weeks ago

New Zealand budget expected to offer tax cuts and a worsening outlook

Live Mint  

By Lucy Craymer WELLINGTON, May 28 - Lower taxes are expected to be the centrepiece of New Zealand's budget on Thursday, the first under the centre-right National Party-led government, with worsening forecasts and falling revenue set to underscore economic challenges ahead. "Our budget will read differently from budgets in recent years: instead of being a confetti of new spending ideas, …

Millions to get national insurance cut as new tax year starts
8 months, 2 weeks ago

Millions to get national insurance cut as new tax year starts

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Millions of workers will receive a national insurance cut as …

Sunak hints at welfare squeeze to fund plan to scrap national insurance
9 months, 2 weeks ago

Sunak hints at welfare squeeze to fund plan to scrap national insurance

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Scrapping national insurance is set …

John Rentoul answers your spring Budget questions - from national insurance cuts to Tory poll numbers
9 months, 2 weeks ago

John Rentoul answers your spring Budget questions - from national insurance cuts to Tory poll numbers

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The big news, …

Tax calculator: See how Jeremy Hunt’s spring Budget will affect you
9 months, 2 weeks ago

Tax calculator: See how Jeremy Hunt’s spring Budget will affect you

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Jeremy Hunt has …

Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes
9 months, 2 weeks ago

Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes

Associated Press  

LONDON — British Treasury chief Jeremy Hunt sought Wednesday to bolster spirits within his Conservative Party with another tax cut for 27 million working people, hoping it can turn the political tide ahead of a general election this year. “We will continue to cut national insurance contributions as we have done today so we truly make work pay,” Hunt said …

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS
9 months, 2 weeks ago

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS

The Telegraph  

Middle-class earners will still be paying more tax despite Jeremy Hunt’s £10bn National Insurance cuts, the Institute for Fiscal Studies has said. Anyone earning more than £60,000 faces a bigger tax bill this year because the Chancellor’s stealth income tax raid will cost them more than they will gain from reductions to other taxes on income. A person earning £61,000 …

Jeremy Hunt signals end of National Insurance
9 months, 2 weeks ago

Jeremy Hunt signals end of National Insurance

The Telegraph  

There were some positive financial signs, with the Office of Budget Responsibility saying the UK was now out of recession after the economy shrank in the second half of last year. The OBR said personal tax cuts announced last autumn and on Wednesday only reversed around half the total extra tax revenue raised from the freezing of thresholds until 2028. …

Jeremy Hunt’s Budget: key points at a glance
9 months, 2 weeks ago

Jeremy Hunt’s Budget: key points at a glance

The Telegraph  

Welcome to our key points summary of the Budget. Jeremy Hunt sought to turn around Conservative electoral fortunes today as he placed tax cuts for workers and parents at the heart of his Budget. The tax cut will be paid for through a mix of tax increases elsewhere, on business class airfares, owners of short-term holiday lets, vapes and tobacco. …

2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the Budget
9 months, 2 weeks ago

2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. But there is speculation that Mr Hunt could gamble …

Jeremy Hunt warned of £2bn real-term cuts to NHS funding
9 months, 2 weeks ago

Jeremy Hunt warned of £2bn real-term cuts to NHS funding

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt is facing warnings …

Government urged to cut sneaky Insurance Premium Tax that costs motorists £67 per year
9 months, 3 weeks ago

Government urged to cut sneaky Insurance Premium Tax that costs motorists £67 per year

Daily Mail  

More than four in five UK households are paying more for insurance because of a 'hidden in plain sight' tax - but the majority don't even know what it is, according to data. Insurance Premium Tax sees people paying an average of £67 per year extra for their motor insurance, research from the Association of British Insurers shows. The ABI, …

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget
9 months, 3 weeks ago

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery The chancellor is considering introducing a levy on vapes But the …

Jeremy Hunt should not cut taxes without explaining cost to public services, IFS warns
9 months, 3 weeks ago

Jeremy Hunt should not cut taxes without explaining cost to public services, IFS warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The International Monetary Fund has warned Mr Hunt it would …

Jeremy Hunt looks at policing budget cuts
10 months ago

Jeremy Hunt looks at policing budget cuts

The Telegraph  

Jeremy Hunt is looking at scaling back public spending in next month’s Budget in a move that could shrink budgets for policing, border officials and prison staff by a fifth. The Chancellor is considering reducing the amount spent each year on public services after the next election from a one per cent rise in real terms to a 0.75 per …

Jeremy Hunt shelves 2p income tax cut
10 months, 1 week ago

Jeremy Hunt shelves 2p income tax cut

The Telegraph  

Jeremy Hunt has shelved plans for a 2p cut to income tax at next month’s Budget as it was revealed the economy has entered a recession. He had also considered reducing National Insurance employee contributions by two percentage points as an alternative. However, the Office for National Statistics announced on Thursday that the economy had contracted 0.3 per cent in …

Hunt rows back on tax cuts, as Bank of England warns wage inflation still too high
10 months, 3 weeks ago

Hunt rows back on tax cuts, as Bank of England warns wage inflation still too high

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Jeremy Hunt told Tory MPs that he had far less …

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops
11 months, 2 weeks ago

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as Labour accused Mr Sunak of offering voters a “raw deal”, claiming the …

Hunt: Santa would be left with debt and fewer toys if he followed Labour’s plans
1 year ago

Hunt: Santa would be left with debt and fewer toys if he followed Labour’s plans

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Santa would have fewer toys …

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live
1 year, 1 month ago

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live

The Independent  

✕ Close Autumn budget 2023: Key announcements from Jeremy Hunt's statement Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The …

Tax cuts give voters ‘clear choice’ at election – Hunt
1 year, 1 month ago

Tax cuts give voters ‘clear choice’ at election – Hunt

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said his autumn statement has given voters a …

Jeremy Hunt denies lying about ‘record tax cuts’ claim
1 year, 1 month ago

Jeremy Hunt denies lying about ‘record tax cuts’ claim

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rishi Sunak and Jeremy Hunt were under pressure to deliver …

Winners and losers from Jeremy Hunt’s autumn Budget 2023
1 year, 1 month ago

Winners and losers from Jeremy Hunt’s autumn Budget 2023

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Millions of workers …

Hunt hints at more tax cuts before next election after ‘making a start’
1 year, 1 month ago

Hunt hints at more tax cuts before next election after ‘making a start’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “But what we can say is that, now we’ve …

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks
1 year, 1 month ago

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt’s tax giveaway is based on “implausible” plans to …

Hunt begins to ease historically high tax burden with eye on Tory election hopes
1 year, 1 month ago

Hunt begins to ease historically high tax burden with eye on Tory election hopes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Hunt said high employment taxes “disincentivise the hard …

Hunt's bold plan to 'get Britain growing': Chancellor heads for Parliament as he prepares to 'cut National Insurance payments for 28m Brits, hand businesses tax breaks and give OAPs an extra £18 a wee
1 year, 1 month ago

Hunt's bold plan to 'get Britain growing': Chancellor heads for Parliament as he prepares to 'cut National Insurance payments for 28m Brits, hand businesses tax breaks and give OAPs an extra £18 a wee

Daily Mail  

Jeremy Hunt headed for Parliament today as he vows to 'get Britain growing' by cutting taxes and cracking down on the workshy. Jeremy Hunt headed for Parliament today as he vows to 'get Britain growing' by cutting taxes and cracking down on the workshy Rishi Sunak and the Chancellor briefed Cabinet on the contents of the Statement today Mr Sunak …

Jeremy Hunt weighs up radical plan to cut income tax or National Insurance ahead of Wednesday's Autumn Statement after the UK economy 'turns the corner'
1 year, 1 month ago

Jeremy Hunt weighs up radical plan to cut income tax or National Insurance ahead of Wednesday's Autumn Statement after the UK economy 'turns the corner'

Daily Mail  

Jeremy Hunt was yesterday weighing up whether to cut income tax or National Insurance, saying 'everything is on the table'. He and Prime Minister Rishi Sunak are understood to have ruled out changes to inheritance tax or stamp duty after switching their focus to a potential cut in personal taxation. Jeremy Hunt was yesterday weighing up whether to cut income …

What has the Budget done for pensioners?
1 year, 9 months ago

What has the Budget done for pensioners?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Abolishing the Lifetime Allowance will cost the Treasury around …

Jeremy Hunt’s ‘back to work’ Budget sees pension limits scrapped and free childcare extended
1 year, 9 months ago

Jeremy Hunt’s ‘back to work’ Budget sees pension limits scrapped and free childcare extended

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt unveiled rapidly falling inflation, free childcare for toddlers, and …

Tories increase taxes, cut spending as recession looms
2 years, 1 month ago

Tories increase taxes, cut spending as recession looms

The Hindu  

The Rishi Sunak government announced a £55 billion “consolidation” package of tax hikes and spending cuts in an attempt to get Britain’s public finances back on track partly to undo the damage caused by former Prime Minister Liz Truss’s September ‘Mini-Budget’, which had startled markets. The ‘Autumn Statement’, which was a response to the soaring cost of living, high energy …

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