"Spring Budget 2024: National Insurance, Tax Cuts, and the End of Non-Dom Regime Explained"

The recent UK Budget has sparked debate over whether the country is heading towards "Austerity 2.0" as politicians and experts weigh in on the impact of tax cuts and spending plans. Chancellor Jeremy Hunt defended the Budget as part of a long-term plan, while Labour's shadow chancellor Rachel Reeves criticized it as an "omnishambles." Key measures include a 2p cut in National Insurance, extension of the Household Support Fund, and changes to tax thresholds and benefits. Questions also arose about the impact on public services, income tax, National Insurance, and government forecasts.