Budget at a glance: What measures did the Government announce?

Contributing sentiments towards policy:

69% : 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. - Fuel and alcohol duty freezes The Chancellor said he would maintain the 5p cut and freeze fuel duty for a further 12 months.
55% : Jeremy Hunt used the Budget to announce national insurance tax cuts, ahead of an expected general election later this year.
51% : - Oil and gas windfall tax extended The windfall tax on the profits of oil and gas producers will be extended until 2029, with the aim of raising £1.5 billion in tax. - Non-dom tax status abolished The special tax status for non-domiciled individuals in the UK, which allows them to pay tax on only their UK earnings, will be abolished.
46% : The two duty freezes are expected to help reduce headline inflation by 0.2 percentage points in 2024-25. - Tobacco and flight duties An excise duty will be introduced on vapes from October 2026, alongside a one-off increase in tobacco duty and a one-off adjustment to rates of air passenger duty on non-economy flights.

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