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Spring Budget 2024

The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year.

Although a date for the next general election is still yet to be set, this is likely to be the last time that Mr. Hunt will have a chance to introduce significant changes to taxation and funding and so he didn’t hold back.

Before his announcement, it was unclear exactly what direction the Government would take, following caution from several think tanks about the dangers of significant tax cuts.

While the speech began by outlining the ongoing challenges of the cost-of-living crisis and its main driver, inflation, it soon turned to measures that would boost the economy and personal finances – both in the short and longer term.

The raucous noise from both benches only sought to highlight the importance of the measures announced by the Chancellor.

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Growth outlook and inflation

Growth outlook and inflation

Inflation has been a double-edged sword for the Chancellor, both feeding the rising...

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Tax relief for businesses

Tax relief for businesses

Previous Budgets and Statements have seen the introduction of new reliefs...

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Funding for enterprise and key projects

Funding for enterprise and key projects

The Chancellor also unveiled a plan to bolster investment in UK firms with the introduction...

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Property tax

Property tax

It quickly became apparent during his speech that the Chancellor wanted to tackle...

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Personal tax

Personal tax

The individual taxpayer was very much the focus of Mr. Hunt’s speech, and he dedicated...

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Closing thoughts

Closing thoughts

The Spring Budget was packed with measures that were focused more on the individual. While...

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