Spring Budget 2024 Isabela University. The combined impact of the 2p cut to national insurance in both the autumn statement and the spring budget amount to an annual giveaway of £20 billion per year, or 0.7. How might the outlook for the public finances change and how should the chancellor’s tax and spending plans change in response in the budget?

The combined impact of the 2p cut to national insurance in both the autumn statement and the spring budget amount to an annual giveaway of £20 billion per year, or 0.7. The autumn 2024 budget brought some agricultural property into inheritance tax.