Hunt seizes Labour insurance policies: NHS funds elevated and non-dom standing abolished – newest updates

Jeremy Hunt used his Budget to announce extra money for the NHS and to ship a toddler profit enhance as he additionally piled the stress on Labour by adopting one of many Opposition’s principal insurance policies. 

The Chancellor stated the well being service is the “biggest reason most of us are proud to be British” as he pledged nearly £6 billion in new funding. 

The threshold for the withdrawal of kid profit can be being elevated in a transfer which is able to assist middle-class dad and mom. 

Mr Hunt stated the “High-Income Child Benefit Charge threshold will be raised from £50,000 to £60,000” and the “top of the taper” at which it’s withdrawn will rise to £80,000. 

Meanwhile, the Mr Hunt introduced that the non-dom tax standing might be scrapped to fund tax cuts elsewhere. 

Abolishing non-dom tax standing has lengthy been a Labour pledge and Mr Hunt’s determination means the occasion will possible now have to return to the drafting board and look at its spending plans.

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