Ahead of the 2024 general election, UK Chancellor Jeremy Hunt is set to announce significant tax cuts in his upcoming budget, aiming to bolster the Conservative Party's standing among voters. Speculation is rife that Hunt will introduce a 2p cut in National Insurance, alongside a potential reduction in the basic rate of income tax, as part of a broader strategy to stimulate economic growth and address public concerns over high living costs. Additionally, the budget is expected to feature a continuation of the 5p fuel duty cut, worth £900 a year to 27m workers, measures targeting non-doms by scrapping the colonial-era regime, and increased taxes on vapes and tobacco, all designed to balance the need for fiscal prudence with electoral considerations. The proposed tax cuts come amid warnings from some quarters about their impact on public services and the overall tax burden. With the general election on the horizon, the Chancellor's financial plan is seen as a critical move to regain voter confidence and secure a Conservative victory. The budget also plans to freeze duty on alcohol and extends the windfall tax on profits of oil and gas companies.
On budget day I think it’s important to highlight examples of creative accounting, and I think I’ve found a horror on the domestic balance sheet https://t.co/OTxUL4SIHL
Rishi Sunak faces Keir Starmer and MPs in Prime Minister's Questions at midday, ahead of Jeremy Hunt's Budget Follow #PMQs live ⬇️
Budget Day on Times Radio 💷 @MattChorley taking you into proceedings with @Jeremy_Hunt @mariellaf1 1-3pm Jane Garvey & @fifiglover 3-5 @JPonpolitics 5-8pm @kaitborsay 8-10pm #Budget #Budget24 #TimesRadio https://t.co/cWVdIdy24E
Our IfG team will be closely following Jeremy Hunt's announcements later today 📈 Find our #springbudget page here: https://t.co/OUbnd23JbT And follow our public finances team for more analysis throughout the day: @tompope0 @gemmatetlow @ollybartrum @Gilesyb @JEPattison https://t.co/RVnw3Mv5cs
Budget day: Tax cuts, changes to Child Benefit and Stamp Duty - all rumoured to be among the possible announcements in the #springbudget2024 All will be revealed at 12.30pm, but if you're left asking what difference it'll make to you, please send us your questions: email…
🔵 It's nearly time for the #Budget2024. Jeremy Hunt has posed with famous Budget Red Box outside No 11. Follow our live blog for everything Budget related 👇 https://t.co/eyWed4H82g https://t.co/JnJ79tgcOR
🐇 It’s a repeat this year I’m afraid for Budget day #tiewatch.. Much like the Budget… https://t.co/EAJrU22EfZ https://t.co/ixqPV8Qye3
Budget 2024 live: Jeremy Hunt hopes tax cuts will boost Conservative fortunes https://t.co/GHx0ioUHj8
Today’s @ConHome Cabinet league table suggests Jeremy Hunt and Rishi Sunak have got work to do this afternoon to convince Tory activists they are heading in the right direction https://t.co/o0bczpGaIK
Big Budget wins for brilliant @thesun campaigns: ⛽️ 14 years of #keepitdown 🍺 Booze duty frozen till Feb for #SaveOurSups 🚕 And consultation launched on #StoptheTaxiTax https://t.co/ThhDp0rW0G
The UK’s higher earners are on track for the biggest fall in their disposable income on record as Jeremy Hunt prepares to deliver a tax-cutting Budget he hopes will save the Conservatives from electoral defeat https://t.co/G2M8l5LAKq https://t.co/TAugDEV9bj
Jeremy Hunt and his team make the traditional appearance in Downing Street ahead of his budget. Getting back in to No 11 however proved slightly more difficult for the Chancellor who was left knocking at the door. https://t.co/qNbQaPo91V https://t.co/yfYBKkamVc
🔺UPDATE: Jeremy Hunt hints his budget will ‘change history’ ⬇️ https://t.co/9L1sFlzpI6
Chancellor Jeremy Hunt leaves No11 Downing Street with his Treasury team ahead of today's Budget https://t.co/RpdiATTgmv https://t.co/XChVDU7aGa
Good start to budget day with Chancellor Jeremy Hunt locked out of Number 11 https://t.co/EvcWml8vSq
Chancellor Jeremy Hunt has appeared outside 11 Downing Street with his Treasury team and held up the famous red briefcase ahead of his Budget speech https://t.co/BgyCH0mOaT
Breaking: Jeremy Hunt holds up his red box on Downing Street ahead of his 2024 budget. https://t.co/nQYIMPAhJU
Jeremy Hunt is seeking to fire up the Tories for a general election with billions of pounds of personal tax cuts and swipes at both Labour and the Liberal Democrats https://t.co/NOcr0dBvhB
Chancellor Jeremy Hunt appears in Downing Street with his Treasury team ahead of today's Budget Follow our live coverage throughout the day https://t.co/Xm0apCF7m2 https://t.co/UNIW02xF90
BREAKING: Chancellor Jeremy Hunt has just appeared for the "Red Box moment" outside Number 11 with members of his Treasury team Follow the #Budget live ➡️ https://t.co/Eu3j8FBdC0 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/Eh2tuGaG9O
Today’s Budget is likely to be the last before a general election, so the government will have high hopes that it will meaningfully shift public opinion in its favour. But can Jeremy Hunt deliver? https://t.co/BWvek95ORj https://t.co/q41gTLdrqx
Watch as Chancellor Jeremy Hunt leaves Downing Street to deliver the Budget https://t.co/JpAg9SI9PV
Jeremy Hunt's Budget: * 2p cut in NI - cost £10billion * Extending fuel duty freeze & 5p cut - cost £5bn * New tax on vapes and increase in tobacco duty - raises £500m * Scaling back non-dom tax regime - raises £2bn * Extending windfall tax on profits of oil and gas companies *…
A cut to income tax could be Jeremy Hunt’s Budget surprise, it has been claimed as speculation mounts over what the Chancellor will announce this afternoon Follow the latest updates and analysis on our live blog ⬇️ https://t.co/ljdN148kTJ https://t.co/GnN2PNaUJA
It's UK Budget day! And it's an election year! So expect the Chancellor's fiscal statement to be distinctly political with tax cuts front and centre. Here's a preview, via @BloombergTV And you can read more from @Joe_Mayes & @alexwickham: https://t.co/HUSC9iL1Tu https://t.co/kEmq8SAvNK
Jeremy Hunt will cut national insurance, according to the rumour mill. We outline what could be announced this afternoon, including changes to child benefit and inheritance tax ⬇️ https://t.co/JWw3cB4eiK
Budget latest: Most of today's Budget is already out there - the 2p NI cut is the centrepiece along with a series of revenue raisers There are some claims that Jeremy Hunt will announce an additional 1p cut in income tax today on top of the NI cut. He won't The big unanswered…
'We're going to hear a lot about cutting taxes but does it actually make a difference?' Sky's Economic and Data Editor @EdConwaySky previews what will be in the Chancellor's budget, set to be announced from 12.30 today #Budget live ➡️ https://t.co/Eu3j8FBdC0 📺 Sky 501 https://t.co/f0JXBkuT4n
Chancellor Jeremy Hunt is set to put a £10bn personal tax cut at the heart of his Budget, which will also see him scrap the colonial-era 'non-dom' regime https://t.co/F4P0bSYnUM
‘We know the main measures, but there may be other things that the Chancellor pulls out of his budget day hat.’ GB News’ Liam Halligan discusses what Jeremy Hunt could ‘pull out’ in his 2024 Spring Budget. https://t.co/skAZkv8u8q
This doing the rounds from Labour sources. Rishi Sunak, as CX in March ‘22 promising to cut basic rate of income tax by 1p to 19p in 2024. What v clear is that many Tories want it (see @pritipatel y’day) & if not now, pressure on for another fiscal event later in year https://t.co/vj0iVeFAyR
It's all eyes on Jeremy Hunt — and one eye on the looming election — as the UK chancellor prepares to put tax cuts at the centre of his budget @lizzzburden lays out what we're expecting: https://t.co/cxtCerXW9s https://t.co/s3gklAo3TO
It's all eyes on Jeremy Hunt — and one eye on the looming election — as the chancellor prepares to put tax cuts at the centre of his budget @lizzzburden lays out what we're expecting: https://t.co/Ba84AF9fmf https://t.co/eUfFl1mIzW
🔴 LIVE from 12.30pm, the Chancellor of the Exchequer @Jeremy_Hunt will deliver the #Budget2024 in the @houseofcommons. Watch live with BSL on YouTube 👉 https://t.co/p8Cnl5jwFs
🔴 LIVE from 12.30pm, the Chancellor of the Exchequer @Jeremy_Hunt will deliver the #Budget2024 in the @houseofcommons. Watch live with BSL on YouTube 👉https://t.co/p8Cnl5jwFs
Chancellor Jeremy Hunt was spotted out on a run with his dog Poppy ahead of the spring budget. In a few hours, Hunt will be up in the Commons presenting his measures, which are expected to include further tax cuts https://t.co/WxOPZBvOnh https://t.co/ABOl7H8upg
Chancellor Jeremy Hunt was spotted out on a run with his dog Poppy ahead of the spring budget. In a few hours, Hunt will be up in the Commons presenting his spring budget, where he is expected to include further tax cuts https://t.co/WxOPZBvOnh https://t.co/hEgpQ0Xzb8
Chancellor Jeremy Hunt has been spotted up bright and early today, out for a run with his dog Poppy near Downing Street in London. In just a few hours, Hunt will stand up in the Commons to give his spring budget Live #Budget updates ➡️ https://t.co/Eu3j8FBdC0
Chancellor poised to unveil 2p national insurance cut for 27m workers - worth £900 a year - in 'Budget for Growth' TODAY… but Tories are already warning it is not enough https://t.co/MgXL3SDLFS https://t.co/mz8Ahl4Wa9
‘We will see a Chancellor that continues to want to see lower taxes.’ Conservative MP Harriett Baldwin tells GB News viewers what they can expect from Jeremy Hunt’s 2024 Spring Budget. https://t.co/1N1NhR3lKO
City braces for Hunt’s budget with 2p national insurance cut expected – business live https://t.co/146bHZiTxu
The Chancellor Jeremy Hunt will deliver his Spring Budget in the Commons at lunchtime. It is expected he will further cut National Insurance by 2 pence, whilst freezing duty on alcohol and fuel. But taxes on vape products and ‘non-doms’ could rise. https://t.co/4RJ8aWJc1l
🔺LIVE: Jeremy Hunt is announcing the government’s latest tax and spending measures in his budget today, with his eye on the general election ⬇️ https://t.co/3aqfDmQjdl
🔺LIVE: Jeremy Hunt is announcing the government’s latest tax and spending measures in his budget today, with his eye on the general election ⬇�� https://t.co/x62XS0RKE8
‘Even though the Chancellor is making a huge thing of this cut in national insurance, I do think the tax burden will go up.’ GB News’ Liam Halligan says the 2024 spring budget will be a ‘tough one’ for Jeremy Hunt. https://t.co/C8lLqHb7rL
Jeremy Hunt to fire up Tories for an election with billions of tax cuts and swipes at Labour and Lib Dems
Hunt to fire up Tories for election with tax cuts and swipes at Labour and Lib Dems https://t.co/au8ZvnSPzI
Jeremy Hunt defies public services alarm with pre-election budget tax cuts https://t.co/I4w6kDT79A
‘Within the Conservative Party, if he doesn’t [cut taxes], he’ll be in trouble.’ Vicky Pryce says Jeremy Hunt will be ‘under political pressure’ to reduce taxes in his 2024 spring budget. https://t.co/T4eyD8hphI
‘A huge day for Jeremy Hunt!’ GB News’ Olivia Utley looks ahead to Jeremy Hunt’s spring budget, which is due to be delivered later today. https://t.co/ZRX2mF5kOC
UK's Hunt set to help flagging Conservatives with pre-election tax cuts https://t.co/t8v1J8f43c https://t.co/xak0LKXnxF
Jeremy Hunt has promised to help families with "permanent cuts" in tax on the eve of the budget on Wednesday Read more 🔗 https://t.co/LDwtpVyzUz
Jeremy Hunt promises 'permanent cuts in taxation' on eve of pre-election budget Read more 🔗 https://t.co/vD44Xb9I2F
🚨 NEW: Labour braces for austerity as Jeremy Hunt plans to set a Budget spending trap tomorrow Shadow ministers fear they may have to come up with spending cuts within weeks of taking office [@theipaper] https://t.co/6CYV7Q8Pwu
Tomorrow Jeremy Hunt, Britain’s chancellor, will present what should be the last budget before the general election. His backbenchers are demanding tax cuts, but money is tight. What to do? Here’s the frank advice of an imaginary Treasury official https://t.co/QvzyPjVtNK 👇
Tomorrow @Jeremy_Hunt will unveil his Spring Budget for long term growth. Watch live on HM Treasury social media channels. https://t.co/uY3nVSZN2D
Looking for Budget “rabbit” from @Jeremy_Hunt ? In spring statement on 23 March 2022, @RishiSunak told MPs: “I can confirm that before the end of this Parliament, in 2024, for the first time in 16 years, the basic rate of income tax will be cut from 20p to 19p in the pound…”
‘Most Chancellors keep surprises up their sleeve, and I expect Jeremy Hunt will have a few…’ Conservative Life Peer Daniel Moylan on what to expect from Jeremy Hunt at tomorrow’s Spring Budget announcement. 🔒 Become a GB News Member: https://t.co/mNsRsGC8ef https://t.co/sQ0EjI9bg6
‘Jeremy Hunt is using loads of little measures, so he can carve out room to manoeuvre for that headline tax cut.’ GB News’ Economics & Business Editor @LiamHalligan on what to expect from tomorrow’s Spring Budget. 📺 Freeview 236, Sky 512, Virgin 604 https://t.co/RrnVVWU5GT
CX set to cut national insurance by 2 percentage points in March Budget. Many Tory MPs want income tax cuts (see @pritipatel) while Labour tells me it is planning for an NI cut too (should add, I’m being steered away from IT cut) https://t.co/LGl0GJjk20 https://t.co/qAJXg5eJO3
UK's Hunt to cut social security rates in budget, The Times reports https://t.co/knRCqXkOXN https://t.co/tP57OmepGz
King Charles and Jeremy Hunt pictured together ahead of Budget https://t.co/0ejdinHtO3
Does Jeremy Hunt have a Budget rabbit? Tories hope Chancellor will find billions for crowd-pleasing income tax cut tomorrow - as he is set to freeze fuel duty again but punish vapers and smokers, and target non-doms https://t.co/6lNODjGNhK https://t.co/8BUiuRnI5q
UK Chancellor Hunt will cut national insurance tax in budget, Times reports https://t.co/v6DPRt8XDY https://t.co/JYhkQETTwm
💼 The Spring Budget will be announced tomorrow as the government looks for ways to try to convince voters not to abandon the Conservatives in the general election Here is everything we know so far: https://t.co/Hxg6eRgEBK
🇬🇧 UK FINANCE MINISTER HUNT TO CUT NATIONAL INSURANCE BY 2 PERCENTAGE POINTS IN THE SPRING BUDGET -TIMES REPORTER https://t.co/RKwMPjmzZ6
Jeremy Hunt is considering a further squeeze on already stretched public spending in a scramble to find money for tax cuts while still balancing the books Read more below ⬇️ https://t.co/X4brlrfH5R
Remember when Rishi Sunak - as Chancellor - said this time two years ago that he would cut income tax by 1p “before the end of this Parliament, in 2024”. Will the current Chancellor Jeremy Hunt deliver on Mr Sunak’s promise tomorrow? https://t.co/9yY3Lo211o
‘It sounds like a cut in national insurance is what Jeremy Hunt would like to do.’ GB News’ Olivia Utley speculates on what Jeremy Hunt will announce in his 2024 spring budget. https://t.co/3WyhAoY6mJ
Jeremy Hunt expected to freeze fuel duty again in budget, as UK car market records strongest February in 20 years – business live https://t.co/YN4SsFnes7
Jeremy Hunt is preparing to freeze fuel duty for another year in a move that will be welcomed by motorists but cost the Treasury about £5bn ⬇️ https://t.co/suRcvDwUla
Jeremy Hunt to extend 5p fuel duty cut in Budget boost for drivers after damning poll predicts Tory wipeout https://t.co/jKk8k75BMB
Jeremy Hunt to bring in 'temporary' 5p cut in fuel duty in his budget to help calm Tory jitters as shock poll puts party at all-time low https://t.co/wWp49d4cTq https://t.co/JHzS19H6bj
Our deputy political editor @SamCoatesSky quizzes the Voters Panel to see if a group of former Conservative voters would rather see tax cuts or a spending boost in the budget. Watch here 👇
Tory 2019 voters prefer tax cuts to public spending hikes - Sky News Voters Panel Read more 🔗 https://t.co/mwTkQnK1PT
On the #Daily podcast, @SophyRidgeSky looks ahead to the Chancellor's budget 💷 She's joined by our deputy political editor @SamCoatesSky and pollster @Scarlett__Mag to unpack whether cutting taxes really is the way to a Conservative election win 🗳️ 🎙️ https://t.co/IJafU5jPf9
‘The Tories are very keen to limit Labour’s gain in Scotland.’ @LiamHalligan looks ahead to Wednesday’s Spring Budget and the likely announcements Jeremy Hunt will make. 📺 Freeview 236, Sky 512, Virgin 604 🔓 Become a GB News Member: https://t.co/mNsRsGC8ef https://t.co/ka1sqO8CH0
The Chancellor has more fiscal manoeuvring space to cut income taxes than is widely appreciated. I would therefore be amazed if he doesn't announce either a 2p cut in National Insurance or a 2p cut in the basic rate of income tax - or perhaps 1p off each - in Wednesday's budget.…