Current location:world >>
Was the Budget too little, too late
world556People have gathered around
IntroductionJeremy Hunt bounced around delivering his Budget, proudly declaring his commitment to tax cuts and s ...
Jeremy Hunt bounced around delivering his Budget, proudly declaring his commitment to tax cuts and supporting working families.
Another 2p was chopped off National Insurance and the threshold at which child benefit is removed was raised from £50,000 to £60,000.
But you don’t need to be a financial expert to know that the Chancellor’s version of events isn’t quite the whole story.
Because Mr Hunt is also presiding over a long-term stealth tax freeze to thresholds that is costing workers dear and his child benefit move merely kicked sky-high marginal tax rates down the road, rather than getting rid of them altogether.
Nonetheless, a tax cut and an extra £5,000 Isa allowance – even if it’s a slightly iffy, limited one – is not to be sniffed at.
So, was this an escape velocity Budget that puts Britain back on the path to growth?
Or was it too little, too late, from a Tory party that has sported successive Chancellors who have been keener to raise our taxes by hook or by crook rather than cut them – or even just keep thresholds in line with inflation.
On this week’s Budget special This is Money podcast, Georgie Frost, Lee Boyce and Simon Lambert look at the winners and losers and go searching for the devils in the detail.
What is the NI cut worth to you? Will you get some child benefit back? Did pensioners deserve a tax cut too? With a failure to reverse his capital gains and dividend tax raid, what has the Chancellor got against small investors?
And will the British Isa be any good?
All that and more – plus a look at why Nationwide is buying Virgin Money and whether that’s good or bad for us all.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Wanderer news portal”。http://djibouti.ultrasupramonte.com/article-78f899920.html
Previous:David Levy, Moroccan
Next:State work
Related articles
British stag do tourists enjoy seven
worldA group of British 'stag do' tourists embarked on a seven-hour poolside bender after eight of their ...
【world】
Read moreBrazil calls for taxing super
worldPublished on 28/02/2024 - 13:46 By Daniel Mello - Agência Brasil - São Paul ...
【world】
Read moreAs it happened: Rain lashes North and South Islands
worldNZTA crew will be on site on Saturday and back to Smithy's Creek on Monday to begin a more permanent ...
【world】
Read more
Popular articles
- Stock splits: The strange exception where a lower stock price can be better for investors
- China Philippines South China Sea: Chinese coast guard blasts neighbour's vessels with water cannons
- What a dirty office kitchen says about your workplace culture
- Capitol rioters' families draw hope from Trump's promise of pardons
- Nearly 1,000 people honor a young Ukrainian journalist and volunteer combat medic killed in action
- Benjamin Netanyahu says date for offensive in Gaza's Rafah has been set
Latest articles
Rob Lowe looks youthful at 60 as he steps out in Montecito
Australian city's plan to hike parking fees for over
Watercare signals possible 25% increase in water rates
Hong Kong leader Carrie Lam won't seek second term after rocky five years
Rookie Abada scores twice to lead Charlotte to 3
93% of Hong Kong protest cases completed
LINKS
- Who is Humza Yousaf's wife Nadia El
- China ready to strengthen high
- After a near
- Williamson to lead New Zealand at the Twenty20 World Cup; Southee to make his 7th appearance
- In Paris, students inspired by pro
- Pakistani FM Ishaq Dar designated deputy PM
- Chinese scientists use machine learning for precise Antarctic sea ice prediction
- US opens investigation into Ford crashes involving Blue Cruise partially automated driving system
- Foreign diplomats impressed by traditional culture, high
- Chinese FM holds talks with Bolivian counterpart