Current location:entertainment >>
Was the Budget too little, too late
entertainment3488People have gathered around
IntroductionJeremy Hunt bounced around delivering his Budget, proudly declaring his commitment to tax cuts and s ...
Jeremy Hunt bounced around delivering his Budget, proudly declaring his commitment to tax cuts and supporting working families.
Another 2p was chopped off National Insurance and the threshold at which child benefit is removed was raised from £50,000 to £60,000.
But you don’t need to be a financial expert to know that the Chancellor’s version of events isn’t quite the whole story.
Because Mr Hunt is also presiding over a long-term stealth tax freeze to thresholds that is costing workers dear and his child benefit move merely kicked sky-high marginal tax rates down the road, rather than getting rid of them altogether.
Nonetheless, a tax cut and an extra £5,000 Isa allowance – even if it’s a slightly iffy, limited one – is not to be sniffed at.
So, was this an escape velocity Budget that puts Britain back on the path to growth?
Or was it too little, too late, from a Tory party that has sported successive Chancellors who have been keener to raise our taxes by hook or by crook rather than cut them – or even just keep thresholds in line with inflation.
On this week’s Budget special This is Money podcast, Georgie Frost, Lee Boyce and Simon Lambert look at the winners and losers and go searching for the devils in the detail.
What is the NI cut worth to you? Will you get some child benefit back? Did pensioners deserve a tax cut too? With a failure to reverse his capital gains and dividend tax raid, what has the Chancellor got against small investors?
And will the British Isa be any good?
All that and more – plus a look at why Nationwide is buying Virgin Money and whether that’s good or bad for us all.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Iterations news portal”。http://www.videocameralive.com/news-12a399982.html
Related articles
Huairou set for Beijing film festival
entertainmentThe 14th Beijing International Film Festival is set to open Thursday at the Yanqi Lake International ...
Read moreScenery of cole flowers in Mugang Township, China's Guizhou
entertainmentAerial photo taken on March 3, 2022 shows the scenery of cole flowers in Mugang Township of Liupansh ...
Read moreChinese dancing master Yang Liping gives performance in Tianjin
entertainmentChinese dancing master Yang Liping performs in her dance drama "Peacock of Winter" in Tianjin, north ...
Read more
Popular articles
- Explosion kills 3 including 2 children in Myanmar's Yangon
- China will not peak as forecasted by the 'China peak theory': FM spokesperson
- Xinhua Headlines: Xi Attends SCO Summit, Calls for Unity, Coordination
- China to promote steady growth in consumption and foreign trade, and stabilize economic fundamentals
- Egyptian, Chinese students mark UN Chinese Language Day in Cairo
- China will not peak as forecasted by the 'China peak theory': FM spokesperson
Latest articles
Chinese readers find new passion for scientific literature
Xi Story: Suzhou Embroidery Epitomizes Resilience, Patience, Perseverance of Chinese People
China installs deepwater jacket for offshore oil development
Key projects under construction in Heilongjiang, NE China
Algeria hosts 23rd 'Chinese Bridge' language competition for university students
China to boost financial support toward green growth
LINKS
- Quan, Wang add two golds for China at diving World Cup
- Real Madrid stay eight points clear after narrow win
- 8th Happy Ice and Snow Season kicks off in Beijing World Park
- Eased processes aid tourism growth
- AP PHOTOS: Paris Olympics venues mix history and modernity and showcase cultural heritage
- Liu refreshes men's 102kg world records at IWF World Cup
- New Godzilla x Kong film tops China box office
- Future of popular MTV show hangs in the balance after production pauses after five seasons
- Bayern in unrest ahead of Arsenal clash
- Tourism featuring ASEAN cultures heats up in border region