UK Chancellor promises ‘better jobs and opportunities’ for young people

todayMarch 16, 2023

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Chancellor Jeremy Hunt has announced plans to fill one million job vacancies in the UK to help people get back to work. The Budget also includes 30 hours of free childcare per week for parents of one and two-year-olds in England by September 2025. The lifetime allowance on tax-free pension contributions is being scrapped, and fuel duty has been frozen again. However, independent watchdog the OBR predicts a 6% fall in spending power over this fiscal year and the next. Labour leader Keir Starmer has criticised the government’s approach as “out of touch” and leading to “managed decline”.

Written by: Relaks Radio

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Chancellor Jeremy Hunt delivers Spring Budget with focus on work and growth

  Chancellor Jeremy Hunt announced his Spring Budget in the House of Commons with measures to support working parents, create new Investment Zones and stimulate growth. The free childcare scheme for working parents is expected to be expanded to include one and two-year-olds. The Treasury also confirmed that energy bill support will continue until the end of June. The government's plan for benefits reform and pensions is aimed at getting more people into work as public finances remain fragile due […]

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