Date of spring budget revealed by Jeremy Hunt

BREAKING: The Treasury has announced Jeremy Hunt will set out a Spring Budget on March 15, 2023.

What did Jeremy Hunt announce in the last Budget?– The NHS budget in England will increase by an extra £3.3 billion in each of the next two years.

– The income tax personal allowance, higher rate threshold, main national insurance thresholds and inheritance tax thresholds will be frozen until April 2028– Tax-free allowance for capital gains will reduce in 2023-24 from £12,300 to £6,000 and again to £3,000 in 2024-25. – Government spending will continue to increase in real terms every year for the next five years, but at a slower rate than previously planned.

– The Government would protect the increases in departmental budgets already set out in cash terms for the next two years, meaning real-terms cuts due to inflation and pressure on public sector wages.– The implementation of social care reforms will be delayed for two years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MetroUK /  🏆 13. in UK

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business energy support from April will be revealed 'next week', says Grant ShappsChancellor of the Exchequer Jeremy Hunt is expected to announce further energy cost support for businesses next week
Read more »

Jeremy Clarkson ‘hates Meghan’ and dreams of people ‘throwing excrement’ at herIn his latest column, Clarkson said that he felt ‘sorry’ for Prince Harry, who he dubbed a ‘glove puppet’ controlled by his wife. Read the full story here 👇
Read more »

Jeremy Clarkson 'hates Meghan Markle' and wishes to 'throw excrement at her'Ex-Top Gear frontman Jeremy Clarkson has slammed the Duke and Duchess of Sussex for the 'claptrap' claims they've made against the Royals in the final instalment of their series
Read more »

Adil Ray stunned Jeremy Clarkson ‘crossed the line’ with Meghan Markle rantAdil Ray believes Jeremy Clarkson should have known that his ‘words have consequences’ after he penned a shocking rant about Meghan Markle in his latest column.
Read more »