Current location:sport >>
Was the Budget too little, too late
sport394People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Signals news portal”。http://americansamoa.vip-soft.net/news-01b499994.html
Related articles
US opens investigation into Ford crashes involving Blue Cruise partially automated driving system
sportDETROIT (AP) — Two fatal crashes involving Ford’s Blue Cruise partially automated driving system hav ...
【sport】
Read moreInsider Q&A: Trust and safety exec talks about AI and content moderation
sportAlex Popken was a longtime trust and safety executive at Twitter focusing on content moderation befo ...
【sport】
Read moreMan who attacked police after storming US Capitol with Confederate flag gets over 2 years in prison
sportWASHINGTON (AP) — A Kentucky man who stormed the U.S. Capitol while carrying a Confederate battle fl ...
【sport】
Read more
Popular articles
- Chinese military ready to boost ties with Indonesian counterpart: defense spokesperson
- Jailed FTX founder Sam Bankman
- US report: ‘Ethnic cleansing’ of Rohingya took place last year — Radio Free Asia
- European nations with Patriot missiles hesitate to give the air defense systems to Ukraine
- In Paris, students inspired by pro
- A cluster of earthquakes shakes Taiwan after a strong one killed 13 earlier this month
Latest articles
Oracle bone script art exhibition unveiled in South Africa
New Hampshire getting $20M grant to help reconstruct coastal seawalls
Bill allowing parents to be fined for child's criminal offenses heads to Tennessee governor
Walz appointments give the Minnesota Supreme Court its first female majority in decades
Williamson to lead New Zealand at the Twenty20 World Cup; Southee to make his 7th appearance
Lowry, Connor propel Jets to 7
LINKS
- Industrial chain sharpens China's edge
- Sceientific exploration well first to break 10,000
- Economy on stable footing, experts say
- Fresh priorities define 'future industries'
- Unmanned strike aircraft shows its mettle
- China Energy's massive hydropower station to open in March 2024
- China's demand to hit the peak for petroleum products before 2025
- Xi Story: Friends and Comrades with a Shared Mission
- Stronger support for advanced machine tools urged
- Fresh priorities define 'future industries'