Category: Budget

Hunt says plan to scrap employee national insurance is ‘long-term ambition’

Chancellor’s unfunded proposal would be ‘work of many parliaments’ and depended on growth of economyJeremy Hunt has admitted his unfunded proposal to scrap employee national insurance could take more than a...

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Sunak warned unfunded axing of national insurance would harm services

Economists say making the policy an election pledge could cost £40bn, which is badly needed for health, education and elsewhereRishi Sunak has been warned against fighting an election on an unfunded plan to abolish...

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Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29The chancellor will raise government borrowing to help fund a 2p cut in national insurance...

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NHS funding faces biggest real-terms cuts since 1970s, warns IFS

Health spending in England to suffer 1.2% cut, worth £2bn, despite extra costs, thinktank’s analysis findsNHS funding faces the biggest cuts in real terms since the 1970s, an influential analysis shows, amid growing...

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Budget 2024: Hunt urged to boost UK economy by fixing ‘broken’ childcare system

London business group says clarifying funding for providers could deliver £11bn economic prize by freeing more adults to workJeremy Hunt is being urged by business leaders to urgently fix the UK’s broken childcare...

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Cuts to public services in England will ‘reverse’ gender equality, unions warn

Women’s groups urge chancellor to ignore calls for tax cuts in next week’s spring budgetFurther cuts to public services in England will put gender equality “into reverse”, according to women’s...

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