2024 Spring Budget: UK Chancellor Hunt proposes 2% NI cut, child benefits increase, & new vaping levy.

Chancellor Jeremy Hunt's Spring Budget 2024 includes changes to national insurance, child benefits, and a new levy on vaping products, among others. The Budget aims to help those facing cost-of-living pressures and includes a 2% cut to national insurance, a rise in the child benefits income threshold, and an increase in repayment periods for those falling into debt. However, first-time buyers were left disappointed as changes to Lifetime ISAs for property purchases were not included.

March 06, 2024
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