Tax cuts will plunge thousands into poverty, warn think tanks ahead of spring Budget
by Zoe Grunewald
Mar 04, 2024
4 minutes
Thousands of families will be plunged into poverty if the chancellor cuts national insurance in the spring Budget, think tanks have warned.
On Wednesday Jeremy Hunt will unveil his final Budget before the next general election, where it is widely anticipated that he will cut taxes in a last-ditch attempt to win back voters.
Mr Hunt has hinted that a further national insurance tax cut could be on the cards, as he told Sky News that his last cut of the contribution in the autumn statement in November was a “turning point” and he “hopes to make some progress on that journey” on Wednesday.
But now two have warned the chancellor against further reductions. They
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