Watch MPs debate Jeremy Hunt’s 2024 spring Budget
Watch as MPs debated Jeremy Hunt’s spring Budget on Wednesday 6 March.
The chancellor cut personal taxes to their lowest level for almost 50 years in a highly political statement ahead of this year’s general election.
Mr Hunt confirmed a 2p cut in national insurance for employees and the self-employed as the centrepiece of a Budget which sought to persuade voters to stick with the Conservatives rather than give Sir Keir Starmer the keys to No 10.
He also offered more help with child benefits to parents earning more than £50,000 and cut the top rate of capital gains tax on property sales – arguing that reducing it from 28 per cent to 24 per cent would bring in more money because of increased activity.
But as he insisted that those with the “broadest shoulders” would pay more, he committed to scrapping the non-dom status for wealthy foreigners, putting the £2.7 billion a year raised as a result towards tax cuts.
