Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |2024 Spring Budget - the political reaction

Latest news

Browse by category
Business News

2024 Spring Budget - the political reaction

March 06 2024

Addressing the House of Commons, Chancellor Jeremy Hunt used the 2024 Spring Budget to announce a 'Budget for long-term growth', announcing an employee national insurance tax cut from 10% to 8% in April; an increase to the High Income Child Benefit Charge from £50,000 to £60,000; and the abolition of the non-dom tax regime, which will be replaced with a fairer system from April 2025.

Responding to the Chancellor's speech, Labour Party Leader Keir Starmer said that the UK's 'national credit card is maxed out'. Commenting on the government's Budget measures, he continued: 'They lost control of the economy, they sent interest rates through the roof.

'They made working people pay. They should be under no illusion – that record is how the British people will judge [the Budget] cuts. They know the thresholds are still frozen, dragging more and more people into higher taxes.'

Meanwhile, Carla Denyer, Co-Leader of the Green Party, said: 'We needed a Budget that released the money available from a Wealth Tax to invest in the green jobs of the future, to cut NHS queues and restore nature and the places we live and work.

'We needed a Budget that introduced a Wealth Tax, and reformed capital gains tax and national insurance to raise over £50 billion per year. That would have provided the vital public investment our country is crying out for.' 

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.