Budget 2024: National Insurance cut, a new British ISA, and reform of the child benefit charge - here’s what has been announced

The chancellor has announced a host of changes, including cutting National Insurance again, and abolishing some tax reliefs. Here’s how the Budget will affect your finances.

Jeremy Hunt holding the red box
(Image credit: The Treasury)

Chancellor Jeremy Hunt has delivered a further cut in National Insurance in today’s Budget statement, for both employees and the self-employed.

It is the last scheduled Budget before the general election, which is expected to take place later this year.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.