Budget: Jeremy Hunt cuts UK National Insurance and extends child benefit

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Added 2 months ago by XaniaNews

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UK Chancellor Jeremy Hunt has unveiled the contents of this year's Budget.

Among the measures announced was a cut in the rate of National Insurance, paid by 27 million employees across the UK, and also an increase to the child benefit threshold from £50,000 to £60,000.

Labour leader Keir Starmer has called the Budget a "last desperate act" with people paying "more and more for less and less".

New official forecasts say the UK government will collect 37.1p per pound of GDP in 2028/29 - the highest level in nearly 80 years.

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Category: News and politics
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