Nom-dom tax cuts: How will Labour respond to Jeremy Hunt's Spring Budget election play?

Name: Nom-dom tax cuts: How will Labour respond to Jeremy Hunt's Spring Budget election play? | Open Video
Uploaded: 2024-10-07T12:10:02+00:00
Duration: 1 min 48 s

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UK Chancellor Jeremy Hunt has delivered his spring budget today
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And with a general election on the horizon, there are a lot of eyes on how the Tories are spending government money
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I was inside the House of Commons watching Hunt unveil the package of financial measures
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the last hill right up before the general election. So, what was in it and how could it sway popularity with voters
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A raft of tax cuts were announced to increase the amount of money the government has to play with
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But critics say the overall tax burden has still risen to something approaching a record post-Second World War high
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Back to those tax cuts though, which includes. As expected, cutting national insurance by 2P, a move Hunt framed as handing 27 million workers back £450 £4,000
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or £900, taken as a whole with the same cut announced in November, scrapping the non-dom tax
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An idea that originated with the Labour Party, it means nationals living in the UK can no longer avoid paying tax on their overseas income
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After they've been here for four years, that is. Hunt jokes, I aim to please all sides of the house in all my budgets
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I aim to please all sides of the House in all my budgets
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Other line items are a new tax on vaping, along with fuel duty will remain at its current rate and be frozen for the next 12 months, the Chancellor told Parliament
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He will also extend a temporary 5-P cut on fuel duty which was due to end this month, while Hunt speculated Labour's approach would mean tax increases
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It was unusually rowdy in the House of Commons Chamber, with the Deputy Speaker having to implore MPs to please shankham
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more quietly. Order! Could you please shout more quietly? Chancellor
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Labour leader Sir Keir Stama responded to Hunt's budget, accusing him of maxing out the country's credit card and calling for a general election to be held in May
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Here at CityM, we'd like to know what do you think of these budget changes
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Let us know in the comments

Nom-dom tax cuts: How will Labour respond to Jeremy Hunt's Spring Budget election play?

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Nom-dom tax cuts: How will Labour respond to Jeremy Hunt's Spring Budget election play?

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