Chancellor Jeremy Hunt has unveiled his Spring Budget with a focus on financial policies that help deliver “long-term, sustainable, healthy growth” for Britain. He revealed a number of new policies including additional support with the cost of living, a fuel duty freeze and an increase to the pensions tax-free allowance. But what are your thoughts on the policies? Vote in our poll.
In his first Budget, since he became Chancellor in October last year, Mr Hunt opened by referencing the Office for Budget Responsibility (OBR) forecast which states that the British economy is “on the right track”. He explained: “The UK won’t enter a technical recession this year. They forecast we will meet the PM’s priorities to halve inflation, reduce debt and get the economy growing.”
The OBR products that inflation is due to fall from 10.7 percent last year to 2.9 percent by the end of 2023.
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