Spring Budget 24: Hunt's growth measures may fail to deliver promised progress

‘Not meaningful enough’

Chancellor Jeremy Hunt's Spring Budget delivered in parliament today (6 March) is not expected to have a significant effect on the UK economy, experts have said.

The chancellor announced growth measures including tax cuts and the introduction of a Great British ISA in today's budget, with HM Treasury suggesting it is "taking the long-term decisions needed to build a brighter future". Hunt abolished the ‘non-dom' tax status, introduced a two percentage point reduction on national insurance, issued a capital gains tax cut and altered the threshold for child benefits. "The chancellor has emptied the sweetie locker once again to hand out goodies. Workers, parents and landlords will not look a gift horse in the mouth, though whether these measures ...