With the Budget tipped to be the Chancellor’s last roll of the dice before a General Election, expectations over tax cuts are growing. But what taxes could Jeremy Hunt choose to cut and why – and is there hope that he will sort out the tax mess that Britain has got stuck in? The higher income child benefit charge creates marginal tax rates above 50 per cent, meanwhile the removal of the personal allowance bakes in a 60 per cent income tax rate between £100,000 and £125,140. Should these tax traps and painfully high stamp duty be removed? On this week’s podcast Simon Lambert argues that Mr Hunt needs to have a clear out, chuck a load of stuff in the stupid tax box and then bin it. Simon, Georgie Frost and Lee Boyce look ahead to what could be in the Budget and what it would mean for you. > Read more: Spring Budget 2024: What Jeremy Hunt could do Also, on this week’s episode, energy bills are due to fall as the price cap is cut but how much will this save you? It’s not just tax catching people out, student loans are also proving difficult to shift as interest mounts up due to high inflation. Does the student finance system need a sort out too? And what is Simon’s triple lock for student loans plan? And finally, don’t get spear phished or tap jacked, Lee talks us through the new scams you need to know about. Listen to the This is Money podcastWe publish the podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes), the most popular, Spotify, Audioboom, and so many more. To download the Apple Podcasts app go to the App store. On Android devices, go to the Google Play store to download the podcast app of your choice. You can press play to listen to this week's full episode on the player above, and wherever you get your podcasts please subscribe and review us if you like the podcast. We're now available on YouTube and you can ask your smart device to 'play the This is Money podcast'. If you're not happy using apps, you can also listen to the latest episode and archive on the This is Money podcast page. |
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