Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
What the UK Budget Means for Your Money
Posted
March 7, 2024
Views
2,054
Likes
37
Comments
3
Engagement
1.95%
March 7, 2024
2,054
37
3
1.95%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
0:57Now PlayingNon-doms, tax cuts and a new British ISA dominated a rowdy UK budget statement. Jeremy Hunt cut personal taxes for the second time in four months and signaled the UK’s ruling Conservative Party will campaign on a promise to go further, as the Chancellor of the Exchequer rolled out an election-year budget that was also carefully calibrated to avoid spooking investors.
In his long-awaited speech, Hunt announced another 2 percentage-point cut to the national insurance payroll tax, just as he did in November. Taken together, he said, 27 million employees will get an average tax cut of £900 ($1,145) a year and the effective personal tax rate would drop to the lowest since 1975.
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
