Budget 2024: Jeremy Hunt cuts National Insurance and reforms child benefit but tax burden still climbing

By Ralph Blackburn, Heather Carrick
Published 6th Mar 2024, 06:30 BST
Updated 6th Mar 2024, 15:01 BST
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Follow NationalWorld's live blog with the latest news, updates and analysis from the 2024 Spring Budget.

Jeremy Hunt has announced another cut in National Insurance and also a reform to child benefit in his last Budget before the election.

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Some polls have Rishi Sunak's party more than 20 points behind Labour, and Hunt is desperate to give the government a boost ahead of the general election later this year.

Hunt once again cut National Insurance by 2 percentage points and also announced an extra £6bn for the NHS, however this will have to be paid for by public sector productivity.

The tax burden is still set to reach it's highest level since 1948.

Follow our live blog below for the latest news, updates and analysis from the 2024 Spring Budget.

NationalWorld's Budget 2024 liveblog

Key Events

Wed, 06 Mar, 2024, 06:48 BSTUpdated 06:50 BST

Welcome to NationalWorld's Budget 2024 live blog

We'll be updating you throughout the day with the latest news, analysis and announcements as Chancellor Jeremy Hunt prepares to announce the 2024 budget.

Chancellor Jeremy Hunt will announce the newest budget today (March 6) (Picture: Dan Kitwood/Getty Images)Chancellor Jeremy Hunt will announce the newest budget today (March 6) (Picture: Dan Kitwood/Getty Images)
Chancellor Jeremy Hunt will announce the newest budget today (March 6) (Picture: Dan Kitwood/Getty Images)