Find out what the measures announced in the 2024 Spring Budget mean for your finances.
The Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget to the House of Commons yesterday. It’s anticipated to be one of the Government’s last fiscal announcements before a General Election takes place in less than a year’s time.
In the lead-up to the statement, there was uncertainty as to what the Chancellor could feasibly announce; the UK entered a ‘technical recession’ at the end of 2023, according to data from the Office for National Statistics (ONS), which resulted in a tightening of the purse strings.
Nevertheless, the Chancellor unveiled plans for a ‘UK ISA’, new British Savings Bonds from National Savings and Investments (NS&I) and another two percentage point cut to National Insurance.