Price range 2024 stay: Folks nonetheless worse off, says Labour, after Hunt cuts Nationwide Insurance coverage – BBC Information
Abstract
Chancellor Jeremy Hunt says individuals on the typical wage shall be higher off, after he minimize Nationwide Insurance coverage once more yesterdayHunt additionally says he wish to minimize taxes additional – however factors out the affect of the federal government’s Covid spendingLabour’s shadow chancellor Rachel Reeves says Hunt offers with one hand, and takes “rather more” with the otherDespite the NI minimize, Labour says frozen revenue tax charges and thresholds imply individuals have misplaced cash overallIn the Price range yesterday, Hunt additionally elevated the kid profit threshold from £50,000 to £60,000Our correspondents will reply your questions on the Price range later – e mail haveyoursay@bbc.co.uk
