Your current location:HOME >entertainment >Was the Budget too little, too late 正文
TIME:2024-05-21 15:52:28 Source: Internet compilationEdit:entertainment
Jeremy 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.
Investigators return to Long Island home of Gilgo Beach serial killing suspect2024-05-21 15:51
China's parachute system makes controllable landing of rocket boosters2024-05-21 15:15
In pics: Chengdu Science Museum gets illuminated to greet 2023 WorldCon2024-05-21 14:48
Keanu Reeves and longtime girlfriend Alexandra Grant put on a loved2024-05-21 14:43
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed2024-05-21 14:23
Matt Baker reveals the real reason behind him quitting his high2024-05-21 14:20
Profile: Breaking new ground in intravital imaging2024-05-21 14:11
Chinese institutes publish complete Nipponbare rice reference genome2024-05-21 13:49
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise2024-05-21 13:26
In pics: 2023 China New Media Conference in Changsha2024-05-21 13:06
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky2024-05-21 15:38
Keanu Reeves and longtime girlfriend Alexandra Grant put on a loved2024-05-21 15:30
Candidates from Hong Kong, Macao shortlisted for China's new taikonaut selection2024-05-21 15:11
Nicola Peltz Beckham gushes over mother2024-05-21 15:05
Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry2024-05-21 14:49
Lithuania's Mykolas Alekna breaks discus throw record that stood since 19862024-05-21 14:28
China announces goodwill delegation to the DPRK2024-05-21 14:22
World AI conference concludes in Shanghai with fruitful results2024-05-21 14:15
NBA playoffs: Edwards leads Wolves to 982024-05-21 13:44
China launches new remote sensing satellite2024-05-21 13:22