Budget 2024: UK taxes head for highest level since 1948 despite Hunt's NI cut

Contributing sentiments towards policy:

59% : Hunt's decision to axe the tax breaks for foreign nationals who live in the UK and who do not pay UK tax on their overseas income and gains is a significant U-turn that mirrors Labour policy and blows a hole in the opposition's spending plans.
52% : I mean, after 14 years, who do they actually think feels better off?"Experts said the £900-a-year tax cut for the average worker from the NICs cuts in the budget and last year's autumn statement would be dwarfed by tax increases previously announced.
48% : Britain will go into the next general election with taxes at their highest level since 1948 despite Jeremy Hunt's 2p budget cut in national insurance contributions - and with the threat of a fresh squeeze on public spending to come after polling day.
47% : Hunt's heavily trailed 2p cut in national insurance will be funded by scrapping non-dom rules - a flagship Labour policy - and other revenue-raising measures that will push taxation to the highest level since the second world war.
47% : Heralding a fresh austerity drive pencilled in for after the election, the government's economic and spending watchdog, the OBR, said Hunt's plans meant funding for non-ringfenced government departments - including local government and Prison Services - was on track to fall by 2.3% a year.
44% : "Hunt raised money through a number of small tax increases - on vaping, tobacco, holiday home lets, business class flights and non-doms.
42% : Tax was 33.1% of gross domestic product before the Covid 19 pandemic but is on course to be 37.1% of GDP by 2028-29.

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