Chancellor Jeremy Hunt presented his 2024 Budget, sparking discussions on its implications for a potential May election. The budget, analyzed for its impact on tax and childcare changes, raises questions about the Conservative Party's prospects in the upcoming election. Economists have labeled Hunt's decision to maintain a narrow fiscal buffer as a high-risk strategy, while also highlighting a significant £20 billion shortfall in funding for public services excluding health, defense, and education. Additionally, Hunt expressed a desire to abolish the national insurance tax, though he admitted this change is not imminent. The budget's reception varies, with Andy Haldane, the Bank of England's former chief economist, questioning its adequacy in addressing the needs of young people and others evaluating its winners and losers.
Was that a budget for a May election? 🗳️ On the Sky News #Daily, @skynewsniall is joined by @EdConwaySky to break down the changes in tax and childcare. Plus, hear from @BethRigby about whether the budget can save the Tories from election defeat. 🎧Listen below👇
Jeremy Hunt has outlined his desire to abolish "unfair" national insurance tax - but admitted it "won't happen any time soon". Read more 🔗 https://t.co/BHFbJGCSNd
We did this yesterday. ICYMI In full: Chancellor Jeremy Hunt speaks to political editor @BethRigby ab... https://t.co/deRJHf0M3l via @YouTube
💰 Yesterday, Jeremy Hunt presented his 2024 Budget. But has the Chancellor left you better or worse off? We outline the Budget's winners and losers ⬇️ https://t.co/MzbgLB1hBm https://t.co/rS0Fp2ibX7
Yesterday, Jeremy Hunt presented his 2024 Budget. But has the Chancellor left you better or worse off? We outline the Budget's winners and losers ⬇️ https://t.co/MzbgLB1hBm https://t.co/AULQSNOPaS
⚠️ Chancellor Jeremy Hunt's decision to leave a narrow fiscal "buffer room" in Wednesday's budget has been described as a "high risk" strategy by economists https://t.co/6iCDhnMqGi
✨ Big financial announcements from the chancellor can be jammed with jargon - so we have produced a glossary of some key terms to help you navigate the day... [THREAD]🧵 https://t.co/DUQGeSpCRt https://t.co/GQvEKxn73b
Did the Budget do enough to give young people a spring in their step? The Bank of England's former chief economist, Andy Haldane, says no. He tells @amolrajan and @bbcnickrobinson why on The Today Podcast. Hunt’s Budget - will it make a difference? https://t.co/ekwGYaNYf0
Britain’s public services other than health, defence and education face a £20 billion shortfall in Jeremy Hunt’s pre-election Budget, top economists have said https://t.co/RIatdtMJEH
Was that a budget for a May election? 🗳️ On the Sky News #Daily, @skynewsniall is joined by @EdConwaySky to break down the changes in tax and childcare. Plus, hear from @BethRigby about whether the budget can save the Tories from election defeat. 🎧Listen below👇