Jeremy Hunt will unveil his first Spring Budget since becoming chancellor on Wednesday, with aims of boosting growth amid the ongoing cost-of-living crisis.
The Budget is set to introduce 12 new low-tax “investment zones” in a bid to kickstart the UK’s stalling economy and help “level up” areas outside of London. The chancellor is also understood to be ready to increase the tax-free allowance for pensions to encourage those who returned early to bolster the UK’s workforce.
