Rishi Sunak started the week giving a speech on a construction site in Swindon, with diggers and cranes in the background.
So far, so typical for a prime minister in Budget week – all that was missing was for Mr Sunak to pop on a hard hat.
The diggers were knocking down the town’s Honda factory, 35 years after Margaret Thatcher lured the Japanese car giant to the UK. There are hopes that the redevelopment of the site will lead to thousands of new jobs, but it is still unclear what they might be.
The diggers were knocking down the town’s Honda factory, 35 years after Margaret Thatcher lured the Japanese car giant to the UK. There are hopes that the redevelopment of the site will lead to thousands of new jobs, but it is still unclear what they might be.
The chancellor is relying on voters seeing their glasses as half-full, rather than half-empty.
Will workers celebrate paying less tax than they thought they were going to six months ago? Or decry the fact they are paying more than they were told five years ago?
While the Budget lacked pre-election fireworks, there was a quietly radical thread that could have long-term consequences.
By 2027, because of cuts to National Insurance (NI) and the decision to freeze income tax thresholds, for every £1 NI cut, £1.90 will be raised in taxes.
Rishi Sunak started the week giving a speech on a construction site in Swindon, with diggers and cranes in the background.
The diggers were knocking down the town’s Honda factory, 35 years after Margaret Thatcher lured the Japanese car giant to the UK. There are hopes that the redevelopment of the site will lead to thousands of new jobs, but it is still unclear what they might be.
So far, so typical for a prime minister in Budget week – all that was missing was for Mr Sunak to pop on a hard hat.
The chancellor is relying on voters seeing their glasses as half-full, rather than half-empty.
The diggers were knocking down the town’s Honda factory, 35 years after Margaret Thatcher lured the Japanese car giant to the UK. There are hopes that the redevelopment of the site will lead to thousands of new jobs, but it is still unclear what they might be.
The diggers were knocking down the town’s Honda factory, 35 years after Margaret Thatcher lured the Japanese car giant to the UK. There are hopes that the redevelopment of the site will lead to thousands of new jobs, but it is still unclear what they might be.
The chancellor is relying on voters seeing their glasses as half-full, rather than half-empty.
Will workers celebrate paying less tax than they thought they were going to six months ago? Or decry the fact they are paying more than they were told five years ago?
While the Budget lacked pre-election fireworks, there was a quietly radical thread that could have long-term consequences.
By 2027, because of cuts to National Insurance (NI) and the decision to freeze income tax thresholds, for every £1 NI cut, £1.90 will be raised in taxes.
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