Current location:Universal Unfoldings news portal > travel
Was the Budget too little, too late
Universal Unfoldings news portal2024-05-21 10:15:02【travel】7People 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.
Address of this article:http://puertorico.arandomquote.com/content-45d499946.html
Address of this article:http://puertorico.arandomquote.com/content-45d499946.html
Very good!(83892)
Related articles
- Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- Pakistani security forces kill 7 militants trying to sneak into the country from Afghanistan
- Columbia's Abbey Hsu chosen as Met Writers Association Player of the Year
- Pilot who died last week in Indiana plane crash was Purdue student, authorities say
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- What is cloud seeding? Step
- Hundreds pay tribute to police officer shot dead 40 years ago from inside Libya's UK embassy
- Supreme Court makes it easier to sue for job discrimination over forced transfers
- Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- What is cloud seeding? Step
Popular articles
- Children are evacuated from school 'during an exam' after threat made via email
- Victory for free speech in the face of Brussels bullies! Nigel Farage returns to right
- Here's everything that could go wrong with your jam, Meghan…and my tips to make sure it doesn't
- 3 Pennsylvania construction workers killed doing overnight sealing on I
Recommended
Shooting injures 2 at Missouri high school graduation ceremony
Greek minister says 2 major new marine parks will be created by the end of this year
DEAR JANE: I HATE my boyfriend's awful pet name for me
Kansas' higher ed board is considering an anti
Investigators return to Long Island home of Gilgo Beach serial killing suspect
Greek minister says 2 major new marine parks will be created by the end of this year
Tesla asks shareholders to reinstate Elon Musk's $55 billion pay package
Plumbing problem at Glen Canyon Dam brings new threat to Colorado River system
Links
- Shandong charms U.S. visitors with cultural delights
- An encounter of elegance in Yunnan rainforest
- Why Did President Xi Visit This Forest Farm?
- Xi Gives Important Instructions on Party Building and Organizational Work
- Xi, Xiomara Castro Chart Course for China
- Chinese, Palestinian Presidents Hold Talks
- Tourism revives millennia
- Xi Story: Tackling Public Complaints Head
- Xi Meets Blinken in Beijing
- Golden Beach scenic area in Qingdao remains popular after National Day holiday