Jeremy Hunt expected to unveil National Insurance cuts during the spring budget increase
What is the spring budget?
Every year the government provides two important budget updates: the Spring Budget and the Autumn Statement.
Tomorrow, Jeremy Hunt will outline the financial plan for the rest of the year, including changes such as tax rises, spending cuts and benefit increases.
As the cost of living continues to rise for many Britons, households across the country will be hoping that the government’s announcements tomorrow can alleviate some of the stress.
Jeremy Hunt will announce budget plans in tomorrow’s spring budget
Tomorrow, Jeremy Hunt will deliver the government’s annual spring budget.
It appears Hunt will confirm a 2p cut to National Insurance, effective from April, saving Brits £35,000 a year on £450.
Other expected announcements include a freeze on fuel taxes and a rise in tobacco prices.