UK

Budget 2024: experts explain what it means for taxpayers, businesses, borrowers and the NHS

The spring budget of 2024 was widely seen as a chance for UK chancellor Jeremy Hunt to inject some economic optimism into British politics ahead of a general election. Would he or wouldn’t he cut income tax? (He wouldn’t.) Would he pull rabbits out of hats in a bid to convince the electorate that the Conservatives should stay in power? Here’s what our panel of experts made of his plans:

National insurance cut only partially offsets rising tax burden

Jonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open University

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