What might today’s Budget mean for you?

rise in business class air tax
By Linsey McNeill
15/03/2023
Home » What might today’s Budget mean for you?

Chancellor Jeremy Hunt is due to delivery his Budget at 12.30pm today.

So, when he stands up in the House of Commons, what help is he likely to offer you?

Since one of the Government’s key aims is to encourage more people back to work, he is expected to axe the system used to access eligibility for sickness benefits, so claimants will still be able to receive payments while working.

Mr Hunt is also expected to announce parents on Universal Credit will receive childcare support upfront and he is likely to increase the amount they can claim.

The Government is expected to give parents up to 30 hours a week of free childcare for one and two-year-olds in England and also offer more financial support for working mums and dads with older pre-school kids.

A planned £500 rise in average energy bills, which was due to kick in from 1 April, is likely to be axed, which will help everyone working from home.

While the Chancellor has been under pressure to offer tax relief for businesses, he has not yet indicated if these will be included in today’s Budget.

Travel Gossip will provide a further update, following Mr Hunt’s Budget statement this afternoon.

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