Spring Budget 2024 Overview Meaning. On 6 march, chancellor of the exchequer jeremy hunt will deliver his spring budget, accompanied by a full fiscal statement from the office for budget responsibility. Ifs director paul johnson gives an initial response to jeremy hunt's spring budget.
Chancellor jeremy hunt is under pressure from backbench tory mps to deliver tax cuts in the spring budget, as the government looks for ways to try to convince voters not to. For employers, the spring budget’s key headline measure was the widely trailed further two percentage point cut in the main rate of employee’s class 1 nic from 6 april 2024.