Current location:International Interactions news portal > travel
Was the Budget too little, too late
International Interactions news portal2024-05-29 11:05:49【travel】2People 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://malta.lochsaege.com/article-56d799934.html
Address of this article:http://malta.lochsaege.com/article-56d799934.html
Very good!(331)
Related articles
- Pope apologizes after using vulgar term about gay men regarding church ban on gay priests
- Japan beats Uzbekistan in stoppage time in U23 Asian Cup final
- Sienna Miller looks sensational in Victoria Beckham's sought
- Three groups are suing New Jersey to block an offshore wind farm
- AP sports week in pictures
- Jessie Buckley is seen flying up a building as Christian Bale gets his Frankenstein make
- A suspected Islamic State group attack on pro
- Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request
- Indianapolis officer fatally shoots suspect in armed carjacking after suspect reaches for something
- Married At First Sight groom Tim Calwell speaks out after wife Sara Mesa 'cheated' on him amid puppy
Popular articles
Recommended
New coach Sheldon Keefe embraces Stanley Cup expectations with the Devils
What to expect in Indiana's presidential and state primaries
Luke Rowe, who helped 3 leaders win the Tour de France, will retire at the end of the season
Kylie Minogue reveals her unlikely friendship with Coldplay's Chris Martin
Timo Werner to stay on loan at Tottenham for the whole of next season
Floyd Mayweather gifts $30k to homeless men before Clippers
Marco Reus to leave Borussia Dortmund at end of season after 12 years
Berlin’s government offers to give away villa once owned by Nazi propagandist Joseph Goebbels
Links
- How ancient city on Silk Road attracts global fans
- Hong Kong to host FIBA 3x3 World Tour Final
- Chinese cultural performances, language
- Cuba announces unilateral visa exemption for Chinese citizens
- Shanghai Disney Resort to open world's first Zootopia
- Russia vetoes UN Security Council draft resolution on weapons of mass destruction in outer space
- Ukraine to get largest
- Scottie Scheffler arrested and charged with felony assault on a cop outside PGA Championship
- Chinese cultural performances, language
- Liaoning Leopards dominate Guangdong Tigers in CBA semifinals opener