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Budget 2024

All articles tagged with #budget 2024

finance1 year ago

"Budget 2024: Unraveling Taxation on Pensions and Britain's Latest Tax Cuts"

BBC experts answer questions about the impact of Chancellor Jeremy Hunt's Budget on personal finances, including concerns about pension tax, the delayed vaping tax, changes to child benefit thresholds, effects on low earners, and the implications of the 2% National Insurance cut. The freezing of tax thresholds is expected to drag more pensioners into paying income tax, while the Budget's impact on National Insurance contributions and the state pension is also discussed.

via BBC.com|
#budget-2024#finance#national-insurance
politics1 year ago

Jeremy Hunt Vows Prudent and Responsible Tax Cuts in Budget 2024

Chancellor Jeremy Hunt aims to lower taxes in a responsible manner, emphasizing the need for "long-term growth" and prudent fiscal decisions. With pressure to reduce taxes ahead of the upcoming general election, Hunt is considering measures such as a further cut to National Insurance. However, the government's independent economic forecaster has indicated limited scope for tax reductions. The possibility of raising revenue through measures like a new tax on vapes and scrapping non-dom tax status is also being considered.

via BBC.com|
#budget-2024#jeremy-hunt#national-insurance
politics-and-economy1 year ago

"Assessing the Impact of India's Pre-Election Budget 2024 on Economy and Politics"

India's interim budget for 2024 focuses on continued infrastructure funding, with over $130 billion allocated for physical assets like roads and ports, but shuns big spending on social schemes and tax relief measures for the middle class. The government aims to build 20 million affordable houses in the next five years and keep GDP growth at about 7%, while curbing the fiscal deficit. Critics, including former central bank governor Raghuram Rajan, express concerns over inadequate spending on health and education, unemployment, and uneven consumption growth.

via BBC.com|
#budget-2024#india#infrastructure