Chancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers' pay, pensions and benefits strategies:
- Spring Budget 2024: National insurance contribution (NIC) rate cut to 8%
- Spring Budget 2024: DC pensions required to disclose investment in UK equities
- Spring Budget 2024: TPR and FCA given powers to enforce Value for Money framework
- Spring Budget 2024: Government maintains fuel duty freeze for 12 months
Zoe Wickens is a journalist with five years of experience writing for trade and business to business publications. She joined Employee Benefits as a reporter in May 2021 and writes news and features content for the website. She won the Willis Towers Watson pay, reward and employee benefits journalist of the year award in 2023. Before writing about the HR, reward and benefit industry she worked as a reporter for publications about the optical and eyewear market and the UK stock market.View full profile
