Economy in brief: March 2024

Key takeaways from the Budget

The headlines from the Budget are well known, but nonetheless a brief recap. Another 2p cut in NICs – and the expressed intent for its demise – and another freeze in fuel duty, part paid for in future years by a change in the tax system for non-doms, the extension of the North Sea oil and gas windfall profit levy, scrapping tax breaks for the owners of holiday rentals, taxes on vaping. In short, £14 billion of giveaways today