Published 3 years ago • loading... • Updated 3 years ago
UK government abolishes centuries-old tax breaks for the rich in preelection budget announcements
- The current tax system for non-doms will be abolished, raising £2.7bn/year, with a confirmed 2p cut to national insurance.
- The High Income Child Benefit Charge will increase from £50,000 to £60,000, and a new excise duty on vaping will be introduced.
Insights by Ground AI
12 Articles
12 Articles
Budget 2024: Chancellor abolishes 'non-dom' tax breaks - and cuts national insurance by 2p
This budget is set to be the last before the election - with Mr Hunt under pressure to revive economic growth and the government's prospects at the ballot box. Labour claims "nothing the chancellor says or does can undo the economic vandalism of the Conservatives over the past decade".
Another 2p off national insurance as average worker gets £900
The latest change will come in on April 6
Budget at a glance: Chancellor Jeremy Hunt announced National Insurance tax cuts and alcohol and fuel duty freezes
Jeremy Hunt has this afternoon delivered the government's Spring Budget - promising tax cuts to national insurance and alcohol and fuel duty freezes.
Coverage Details
Total News Sources12
Leaning Left6Leaning Right2Center4Last Updated50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
Factuality
To view factuality data please Upgrade to Premium











