'An anti-climax' | 'Bland & beige' Spring Budget leaves little for employers to get excited about, HR experts say

The Chancellor unveiled the 2024 Spring Budget yesterday, March 6, in what is set to be the Government’s last major fiscal roll of the dice before the next general election.

Jeremy Hunt was widely expected to announce a series of measures aimed at boosting the Conservatives’ ratings among the electorate, following weeks of polls suggesting the party is on course for defeat at the polls later this year.

Both the Spring and Autumn statements typically bring about a myriad of changes for both the general public and the business world. However, unexpectedly, there was little to pique employers’ interests in Hunt’s address to Parliament on Wednesday.

Neil Armstrong, Tax Director at Baker Tilly Mooney Moore, described the annual update as “a bland and beige budget where the chancellor has played it safe and limited himself to minimalistic tax cuts on the individual rather than employers and businesses.”