A political budget- but will it work?

Pryce, Vicky (2024) A political budget- but will it work? Birmingham City University, Centre for Brexit Studies Blog.

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The budget, possibly the last one before the forthcoming general election later this year was duly delivered on March 6. Much was pre- tried and/or pre- leaked. The expected 2p cut in the rate of national insurance contributions (NIC), adding to the 2% cut in the autumn statement, duly came. The two cuts together are estimated to boost real disposable incomes by some £900 this coming financial year for payroll employees, and by some £600 for the self-employed -who pay less anyway. However, because of the continued freezing of personal allowances the Resolution Foundation is calculating that by the time of the general election at the end of 2024, household real disposable incomes will be lower than they were at the time of the 2019 elections.

Item Type: Other
8 March 2024Published Online
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise > Centre for Brexit Studies
Depositing User: Gemma Tonks
Date Deposited: 24 Apr 2024 13:50
Last Modified: 24 Apr 2024 13:50
URI: https://www.open-access.bcu.ac.uk/id/eprint/15437

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