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The UK's Spring Budget 2024: more of the same on growth and net zero?

The Spring Budget 2024 prioritised short-run tax cuts, with Chancellor Jeremy Hunt taking an extra 2% off national insurance contributions. This was anticipated, given we are in an election year - but it marks another missed opportunity to make progress on boosting living standards on a longer-term basis, and increase investment in a sustainable and resilient future for the UK, say Esin Serin, Anna Valero and Dimitri Zenghelis.

Esin Serin, Anna Valero and Dimitri Zenghelis

6 March 2024

Grantham Research Institute on Climate Change and the Environment

This work is published under POID and the CEP's Growth programme.

This publication comes under the following CEP theme: UK productivity and policy, Clean growth