Treasury written question – answered am ar 26 Mawrth 2024.
Stephen Morgan
Shadow Minister (Transport)
To ask the Chancellor of the exchequer, whether his Department conducted distributional analysis of the impact of the reduction to National Insurance contributions announced in the Spring Budget 2024 on people in different income brackets.
Nigel Huddleston
The Financial Secretary to the Treasury
HM Treasury published distributional analysis at Spring Budget 2024, which can be found here:
Yes6 people think so
No2 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
