Spring Budget 2024: Ask John Rentoul how potential tax cuts could impact the future of the Tories

John Rentoul, The Independent’s chief political commentator, is on hand to explain how planned tax cuts could affect both your wallet and wider confidence in the Tory party

Jeremy Hunt is set to announce his latest spring Budget (PA)

All eyes are on Jeremy Hunt this week as the chancellor is set to announce his latest spring Budget.

Many will be wondering what to expect, how Mr Hunt’s statement will impact their finances, and what it signals it sends about the Tory party ahead of a looming general election.

Measures including further tax cuts and public spending reductions are widely expected to be revealed on Wednesday (6 March), with senior Tories hinting that the chancellor could give the green light to either national insurance or income tax, to try and woo voters back.

Asked if such cuts could come at the expense of cutting public services, the chancellor pointed to his record of championing extra investment in the NHS while he was health secretary.

Another scheme Mr Hunt is reportedly looking at is a “vaping products levy” which would be imposed on imports and manufacturers of vapes to try and make them unaffordable to children.

So, how will the proposals in the spring statement affect your bank balance, wage slip and disposable income – if at all? And when will any changes come into force?

What will Wednesday’s announcement reveal about Mr Sunak’s plans for the Tory party – and do national insurance cuts make things harder for Labour?

Will the spring statement be the last gasp of a dying government or a clever play to win back voters after a long stretch of political turmoil?

If you have a question on the spring Budget, submit it now, or when I join you live at 3pm on Wednesday 6 March for the “Ask Me Anything” event.

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