Budget 2024: experts explain what it means for taxpayers, businesses, borrowers and the NHS

Contributing sentiments towards policy:

57% : However, it might not have a massive impact, given that income tax thresholds remain frozen, meaning more and more workers pay extra tax each year as their wages rise with inflation.
55% : It risks another decade of low investment into domestic energy efficiency, at a time when UK households are living in some of the leakiest homes in Europe.
53% : One measure that will be welcomed by owners of small businesses was the VAT threshold being increased from £85,000 to £90,000, meaning that some small firms will be exempt from this tax.
49% : This enabled him to cut employees' national insurance (NI) by another 2p in the pound, at a cost of £10 billion and benefiting the average worker by £450 a year.
48% : Here's what our panel of experts made of his plans:National insurance cut only partially offsets rising tax burdenJonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open UniversityThe big attention-grabber in the budget was a two percentage point cut in national insurance contributions for employees and the self-employed from April.
48% : The chancellor also announced that he has been able to keep to his "fiscal rules" of national debt as a proportion of GDP falling in the next five years, and government borrowing not exceeding 3% of GDP.
45% : The two tax measures together are forecast to increase government tax revenues by £615 million a year by 2028-29, so they will help the government finances at the same time.

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