
15 key announcements from Jeremy Hunt's Budget including major tax cuts
- Bias Rating
- Reliability
60% ReliableAverage
- Policy Leaning
10% Center
- Politician Portrayal
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Bias Score Analysis
The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
13% Positive
- Liberal
- Conservative
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
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Contributing sentiments towards policy:
75% : Senior Tories have criticised the move, calling instead for income tax thresholds to be unfrozen, which has led more people to be dragged into higher tax brackets in a phenomenon known as fiscal drag.65% : Abolish the non-dom system Mr Hunt confirmed he will abolish the non-dom system that lets foreign nationals avoid paying UK tax on money made overseas, replacing it with a "modern, simpler and fairer residency-based system".
62% : " He added: "From April 6, employee national insurance will be cut by another 2p, from 10% to 8%, and self-employed national insurance will be cut from 8% to 6%.
54% : " He said he had listened to representations from MPs about the tax, adding: "So today I have decided to extend the alcohol duty freeze until February 2025.
52% : "Overall abolishing non-dom status will raise £2.7 billion a year by the end of the forecast period, money the party opposite (Labour) planned to use for spending increases, but today a Conservative government makes a different choice.
51% : The Chancellor said he would maintain his plan to increase public spending by 1% a year over the course of the next parliament, saying it would not be "wise to reduce that funding given the pressures that public services face".
50% : Here is a breakdown of what was announced today and what it means for you... National Insurance cut A cut in national insurance from 10% by 8% could save the average worker £450 a year, adding up to a £900 saving for 27 million employees when combined with a cut last autumn.
50% : " Mr Hunt said £170 million would be used to fund "non-court resolution, reduce reoffending and digitise the court process". Vulnerable households A fund aimed at supporting vulnerable households with the cost of living will be extended a further six months beyond March, the Chancellor said.
47% : But also because Conservatives know lower tax means higher growth.
45% : The Chancellor also offered more than £1 billion in extra tax breaks for the creative industries over the next five years.
43% : He told MPs: "Because we are delivering the Prime Minister's economic priorities, we can now help families not just with temporary cost-of- living support but with permanent cuts in taxation.
43% : " New tax on vapes The Chancellor confirmed the introduction of an excise duty on vapes from October 2026, a one-off increase in tobacco duty and a one-off adjustment to rates of air passenger duty on non-economy flights.
42% : " Police funding On his bid to make public services "more efficient", the Chancellor said: "Police officers waste around eight hours a week on unnecessary admin - with higher productivity, we could free up time equivalent to 20,000 officers over a year.
40% : And he confirmed a new British ISA will allow an extra £5,000 of tax-free investment in UK assets.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.