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    Home » Budget 2024 live: Hunt presents budget with National Insurance cut expected by 2p
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    Budget 2024 live: Hunt presents budget with National Insurance cut expected by 2p

    ZEMS BLOGBy ZEMS BLOGMarch 6, 2024No Comments1 Min Read
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    Budget 2024 live: Hunt presents budget with 2p National Insurance cut expected – BBC News

























    broke downBreaking news

    summary

    1. Chancellor Jeremy Hunt presents his Budget, setting out the government's tax and spending plans – watch it live by pressing play above
    2. Workers' National Insurance is expected to be cut by a further 2p – as it also fell by 2p in last year's autumn statement
    3. This means the headline rate falls from 10% to 8% – which could save the average worker around £450 a year
    4. Some conservatives want cuts in income tax, or increases in the thresholds at which they are paid
    5. The Tories promised to fix the nation's roof, but instead they are now “burning the house down”, says Labour's Rachel Reeves.
    6. The UK economy entered recession last year, and total taxes are approaching a level not seen since the aftermath of World War II.



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