Spring Budget 2024 Response

08 March 2024
5 minutes
LeadershipGovernance and Compliance
Standard Content
Claire Stanley
Claire Stanley
Director of Policy and Communications, Chartered Institute of Fundraising

Chancellor Jeremy Hunt announced his Spring Budget on Wednesday 6 March with few major surprises.

Despite speculation in the weeks leading up to the Budget, the Chancellor did not announce his intention to cut Income Tax rates, and instead committed to reducing class 1 employee National Insurance contributions from 10% to 8% - effective from 6 April this year.

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