Was the Budget too little, too late? TiM podcast

Jeremy Hunt bounced round delivering his Budget, proudly declaring his dedication to tax cuts and supporting working households.

Another 2p was chopped off National Insurance and the edge at which youngster profit is eliminated was raised from £50,000 to £60,000.

But you don’t should be a monetary knowledgeable to know that the Chancellor’s model of occasions isn’t fairly the entire story.

Because Mr Hunt can also be presiding over a long-term stealth tax freeze to thresholds that’s costing employees expensive and his youngster profit transfer merely kicked sky-high marginal tax charges down the highway, relatively than eliminating them altogether.

Nonetheless, a tax lower and an additional £5,000 Isa allowance – even when it’s a barely iffy, restricted one – is to not be sniffed at.

So, was this an escape velocity Budget that places Britain again on the trail to development?

Or was it too little, too late, from a Tory occasion that has sported successive Chancellors who’ve been keener to boost our taxes in some way relatively than lower them – and even simply preserve thresholds consistent with inflation.

On this week’s Budget particular This is Money podcast, Georgie Frost, Lee Boyce and Simon Lambert take a look at the winners and losers and go trying to find the devils within the element.

What is the NI lower price to you? Will you get some youngster profit again? Did pensioners deserve a tax lower too? With a failure to reverse his capital features and dividend tax raid, what has the Chancellor obtained in opposition to small traders?

And will the British Isa be any good?

All that and extra – plus a take a look at why Nationwide is shopping for Virgin Money and whether or not that’s good or unhealthy for us all.