Chancellor Jeremy Hunt has announced a £450 boost for millions of workers and more help for parents in his Budget for 2024 - but there will be a crackdown on landlords, non-doms, vapers and smokers. Mr Hunt said he will reduce the rate of National Insurance Contributions by a further 2p, worth around £450 a year for someone on an average salary. He framed it as a tax cut of £900 given earlier NI changes made in the Autumn.The Chancellor said he wanted to end the “unfair..
” Former chancellor Phillip Hammond said that the budget addresses the country’s need for a “productivity revolution”. He told LBC: “There are two ways of getting debt to GDP down – one is to pay off debt and the other is to increase GDP - and of course by far the more satisfactory way is to increase GDP, but in order to do that we've got to have a productivity revolution in this country. “Our productivity performance is abysmal.
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