Chancellor Jeremy Hunt has delivered the Spring Budget in the midst of a cost of living crisis and his solution to fixing the UK’s current economic crisis is growth.
In his speech on Wednesday, Mr Hunt set out the “four pillars of our industrial strategy”, which are “enterprise, employment, education and everywhere”. He shared details of how there will be the “biggest change to our welfare system in a decade”, with reforms aimed at supporting more disabled and unemployed people into work by removing barriers preventing them from finding employment.
The Spring Budget produced some clear ‘winners’ who could get a boost or see the pressure on their financial situation eased, as well as ‘losers’ who will feel more of a squeeze on their household spending. While the political commentators are still talking about the implications of the announcements and analysing the raft of new reports published we take a look at the key points and how they might impact you.
