An Eccles resident has shared his thoughts on the UK’s Spring Budget which Jeremy Hunt will announce tomorrow (March 6).
The spring statement will happen tomorrow and will be delivered by Chancellor Jeremy Hunt, the budget will deliver a multitude of financial promises to address the cost of living crisis.
These changes include a National Insurance cut by 2p, an income tax cut, and a cut on fuel duty which would cost the government £2bn according to the Resolution Foundation.
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Nigel Harris from Eccles spoke to us about his thoughts on the budget: “For a place like Eccles, it doesn’t have that much benefit for the for the people that live around here. The benefits are more to the higher end of the population rather than the bottom ends. So, yeah.”
Salford Now: “So would you rather than be taxed more out of your income to see the money being spent elsewhere?”
“Yeah, definitely. Yeah. Especially NHS, that’s not been funded properly for the last 14 years, at least. I think eventually, with the NHS, the government has tried to get rid of it, the Tories are trying to get rid of it. It benefits all and I think it’s a massive shame. Really, what, what’s happened over the last 14 years.”
However the budget is also set to announce a scheme to help first time buyers by allowing first-time buyers to put down a one per cent deposit, with the government acting as a loan backer, according to the Financial Times.
REVEALED: ChatHMT on what’s in the Spring Budget 2024.
Watch below to find out more 👀 pic.twitter.com/N9ZjdPIIM4
— HM Treasury (@hmtreasury) February 28, 2024
A bold prediction being circulated is that the government could choose to abolish inheritance tax. This wouldn’t help the Conservatives image in deprived areas as this would mainly benefit wealthy families, especially given that inheritance tax raises £7bn for public services a year.
Salford Now: “You think it’s to do with the cut in tax just to win favour with voters in the lead up to election?”
“That’s what they’re doing that. I would expect that they have no chance of getting in government again.
“So I think that they’re just been mixing a bottle for whoever comes in next, and putting hurdles in the way so whatever government comes in, they can’t recover quickly.
“So the population will go against that next government, because they’re not they won’t be seen to be doing much.”
Featured image credit: Richard Townshend
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