In the recent budget announcement, Chancellor Jeremy Hunt has made significant statements impacting various sectors and sparking reactions across political and economic spheres. Hunt identified 'so-called Non-Doms' and the 'Scottish oil and gas industry' as losers from the budget, raising eyebrows among his Scottish colleagues. Additionally, the Chancellor has put the UK on notice for an autumn General Election, highlighting a 'big divide' with Labour on taxes. Despite his ambitious statements, the Institute for Fiscal Studies (IFS) boss labeled Hunt's hope to abolish National Insurance (NI) tax as 'for the birds', indicating skepticism towards its feasibility. Moreover, Hunt's critique of the BBC's portrayal of the UK economy, which he deemed 'unworthy', and his defense against claims of public service failures, underline the contentious atmosphere surrounding the budget. This budget, delivered just 105 days after the autumn statement, has been described as lacking punch by a former chief economist at the Bank of England, who suggests that the memory of the Liz Truss crisis might have influenced Hunt's caution.
Budget 2024 has been announced by the chancellor - we're joined this morning by personal finance expert @GCGodfrey. 🕣 9:20am 👉 #Breakfast 📺 Sky 501, Virgin 602, Freeview 233 and YouTube 📱 Watch live: https://t.co/5xGmj00nqU
Jeremy Hunt threw a bit of a grenade to his Scottish colleagues this morning. Asked by @amolrajan who losers from Budget were, he identifies “so called Non-Doms” and “Scottish oil and gas industry” https://t.co/CRNkLgc9p9
"Budget statements are a terrible way of managing the public finances" - another recruit to the campaign... https://t.co/m0faXhRXsB
🔴 Jeremy Hunt said abolishing National Insurance (NI) entirely will be a “huge job” and it is not going to happen “any time soon” after signalling his intention to scrap the tax at the Budget Follow our politics liveblog for updates throughout the day👇 https://t.co/qQYBWl0GAF https://t.co/ZvYkUfkkC1
Dont' tell Brenda...Jeremy Hunt puts UK on notice for autumn election with 'big divide' with Labour on taxes https://t.co/tAnUwMUc5Z
🔴 The Budget could have been “a bit more punchy,” according to a former chief economist at the Bank of England, who fears Jeremy Hunt was held back by the memory of the Liz Truss crisis Follow our business liveblog for updates throughout the day👇 https://t.co/PjPPTvTLB6 https://t.co/i6EE30YaEl
Budget: IFS boss says Hunt's hope to abolish NI tax is 'for the birds' https://t.co/ZvA6jXZUWZ
Jeremy Hunt puts UK on notice for autumn General Election as he seeks to lay out a 'big divide' between Tories and Labour on taxes.... https://t.co/maoj1tqhkb
Budget: IFS boss says Hunt's hope to abolish NI tax is 'for the birds' - @jitjoshi reports https://t.co/45HFyqUqD0
.@Jeremy_Hunt says @amolrajan description of UK economy - "7 qtrs of falling GDP/head, hooked on foreign labour, many public services collapsing, councils going bust" - was 'unworthy of the BBC' + 'unworthy of you Amol'. Rajan: Real avg wages wont return to 2008 levels until 2026
This budget was delivered just 105 days after the autumn statement and it showed Read more 🔗 https://t.co/b3cX25Fhn8
Sky News / YouGov Voters Panel What do 2019 Tory voters - the key group - make of the Budget Film by @TomLarkinSky https://t.co/7bmUe2VSF3