On 6 March, Chancellor of the Exchequer Jeremy Hunt delivered his Spring Budget to the House of Commons declaring it was “a Budget for long-term growth.” The fiscal update included a number of new policy measures, such as a widely-anticipated reduction in National Insurance, abolition of the non-dom tax status and new savings products designed to encourage more people to invest in UK assets. The Chancellor said his policies would help build a “high wage, high skill economy” and deliver “more investment, more jobs, better public services and lower taxes.”
We have sought to pick out all the key points from the Spring Budget 2024, including:
· OBR forecasts
· Cost-of-living measures
· Personal taxation, savings and pensions
· Property taxation
· Public services
Please click on link below for a full Spring Budget summary.
We do hope that you find this update both interesting and informative. Should you have any queries or require more information on any of the areas covered or any other financial matter, please do not hesitate to contact us.
