"UK Government's Pre-Election Budget 2024: Tax Cuts and Economic Strategy"

UK Finance Minister Jeremy Hunt delivers the Spring Budget amid a challenging General Election, with expectations of tax cuts to woo voters despite a stagnant economy and fragile public finances. Speculation about a "British ISA" and concerns about the impact of tax cuts in the context of past and future tax increases. The government faces limited fiscal headroom, and the ruling Conservative Party trails significantly behind the Labour Party in national polls. Hunt is expected to announce a 2 pence cut to National Insurance, but economists doubt the effectiveness of modest tax cuts in closing the poll gap.