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UK cuts national insurance contributions for workers in spring budget

STORY: UK cuts national insurance contributions for workers in spring budget SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:03:35 LOCATION: London CATEGORY: SOCIETY SHOTLIST: 1. various of UK parliament (UK Parliament TV) 2. SOUNDBITE 1 (English): JEREMY HUNT, UK Chancellor of the Exchequer (UK Parliament TV) 3. SOUNDBITE 2 (English): JEREMY HUNT, UK Chancellor of the Exchequer (UK Parliament TV) 4. various of London streets and people STORYLINE: The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. SOUNDBITE 1 (English): JEREMY HUNT, UK Chancellor of the Exchequer "As from April 6th, employees' National Insurance will be cut by another 2 percent, from 10 percent to 8 percent. And self-employed national insurance will be cut from 8 percent to 6 percent. It means an additional 450 pounds (573 U.S. dollars) a year for the average employee or 350 pounds f

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XINHUA PHOTOS OF THE DAY

(240307) -- BEIJING, March 7, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-BUDGET

(240306) -- LONDON, March 6, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt (2nd L) poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-BUDGET

(240306) -- LONDON, March 6, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-BUDGET

(240306) -- LONDON, March 6, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-BUDGET

(240306) -- LONDON, March 6, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-BUDGET

(240306) -- LONDON, March 6, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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BRITAIN-LONDON-CHANCELLOR OF THE EXCHEQUER-BUDGET

(240306) -- LONDON, March 6, 2024 (Xinhua) -- The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt (1st R) leaves 11 Downing Street to deliver his budget to Parliament in London, Britain, on March 6, 2024. The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. (Xinhua)

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UK chancellor announces major tax cut to boost economic growth

STORY: UK chancellor announces major tax cut to boost economic growth SHOOTING TIME: Nov. 22, 2023/file DATELINE: Nov. 23, 2023 LENGTH: 00:03:00 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of Downing Street No.11 (office of British Chancellor of the Exchequer) 3. SOUNDBITE (English): JEREMY HUNT, British Chancellor of the Exchequer (UK Parliament TV) 3. various of streets in London, NHS strikes and shops in Manchester (2023 files) STORYLINE: British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth. SOUNDBITE (English): JEREMY HUNT, British Chancellor of the Exchequer "In today's Autumn Statement for Growth, our choice is not big government, high spending and high tax because we know that leads to less growth, not more. Instead, we reduce debt, cut taxes and reward work. The Office for Budget Responsibility said that the combined impact of these measures will raise business investment

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BRITAIN-TAX CUT-ECONOMIC GROWTH-BOOST

(231123) -- MANCHESTER, Nov. 23, 2023 (Xinhua) -- A homeless person lies at the doorway of a closed shop in Manchester, Britain, Nov. 22, 2023. British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth. (Photo by Jon Super/Xinhua)

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BRITAIN-TAX CUT-ECONOMIC GROWTH-BOOST

(231123) -- MANCHESTER, Nov. 23, 2023 (Xinhua) -- A woman passes a closed restaurant in Manchester, Britain, Nov. 22, 2023. British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth. (Photo by Jon Super/Xinhua)

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BRITAIN-TAX CUT-ECONOMIC GROWTH-BOOST

(231123) -- MANCHESTER, Nov. 23, 2023 (Xinhua) -- A woman passes a closed shop in Manchester, Britain, Nov. 22, 2023. British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth. (Photo by Jon Super/Xinhua)

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BRITAIN-TAX CUT-ECONOMIC GROWTH-BOOST

(231123) -- MANCHESTER, Nov. 23, 2023 (Xinhua) -- A man passes a closing down shop in Manchester, Britain, Nov. 22, 2023. British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth. (Photo by Jon Super/Xinhua)

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Japanese culture festival in London

British Finance Minister Jeremy Hunt (3rd from R) visits a stall of Fukushima Prefectural Association at Japan Matsuri, a Japanese culture festival, held at Trafalgar Square in London on Oct. 1, 2023.

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BRITAIN-MANCHESTER-CONSERVATIVE PARTY-ANNUAL CONFERENCE

(231004) -- MANCHESTER, Oct. 4, 2023 (Xinhua) -- Chancellor of the Exchequer Jeremy Hunt of the United Kingdom (UK) delivers a speech at the Conservative Party's annual conference in Manchester, Britain, Oct. 2, 2023. The Conservative Party's annual conference is held from Oct. 1 to 4. in Manchester. (Xinhua)

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BRITAIN-MANCHESTER-CONSERVATIVE PARTY-ANNUAL CONFERENCE

(231004) -- MANCHESTER, Oct. 4, 2023 (Xinhua) -- Chancellor of the Exchequer Jeremy Hunt (C) of the United Kingdom (UK) arrives for the Conservative Party's annual conference in Manchester, Britain, Oct. 2, 2023. The Conservative Party's annual conference is held from Oct. 1 to 4. in Manchester. (Xinhua)

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BRITAIN-MANCHESTER-CONSERVATIVE PARTY-ANNUAL CONFERENCE

(231004) -- MANCHESTER, Oct. 4, 2023 (Xinhua) -- Chancellor of the Exchequer Jeremy Hunt of the United Kingdom (UK) delivers a speech at the Conservative Party's annual conference in Manchester, Britain, Oct. 2, 2023. The Conservative Party's annual conference is held from Oct. 1 to 4. in Manchester. (Xinhua)

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