Spring Budget 2024 Live: British ISA, NI cuts, higher taxes on business class fliers and child benefit tax changes
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Jeremy Hunt has delivered his Spring Budget today and unveiled a range of spending promises, tax hikes and cuts to help stimulate growth in the economy.
One of the biggest announcements was the introduction of a British ISA to help revive London’s flagging equity market.
Hunt also announced a cut in National Insurance from 10 per cent to 8 per cent – a cut widely reported before the budget.
Other changes included the abolition of the non-dom tax regime and an increase in Air Passenger Duty for non-economy class fliers.
Chancellor Jeremy Hunt has announced reforms to the “unfair” High Income Child Benefit Charge, which will see the levy assessed on a household basis starting in 2026.