Economy
5 min read 8 Mar 24
Summary: The Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget on Wednesday 6 March. In this much awaited announcement, the Chancellor started by saying the economy is turning a corner, with inflation expected to fall to target next quarter (by the end of June), wages consistently rising faster than prices and better growth than European neighbours.
This Budget sees more tax cuts for working people offering "much needed help in challenging times", more investment and a plan for better public services.
With it being the last scheduled Budget before the next general election, (expected to take place later this year) let’s see what the main announcements have been and how they might affect you.
There were many announcements in the Spring Budget and you can read the full Budget on gov.uk, but here are a few other key highlights;
It’s important to know tax rules can change and the impact of taxation, and any tax relief, depends on your personal circumstances.
It’s likely that the changes in the Spring budget will impact your finances in one way or another. If you are looking for help to navigate any of these changes or to help manage your finances in general, speaking to a financial adviser could be of real value.
A financial adviser will look at your overall situation and longer-term goals to create a manageable plan for you.
If you don’t already have an adviser you can find a financial adviser that's right for you. Visit our ‘Get financial advice’ page to find out more.