Jeremy Hunt cuts National Insurance and extends child benefit in Budget

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Chancellor Jeremy Hunt cuts workers’ National Insurance by another 2p in the Budget, meaning it falls from 10% to 8%
He also increases the child benefit threshold from £50,000 to £60,000
Hunt says the National Insurance cut, to begin next month, is worth £450 a year for the average worker
It follows a 2p cut in last year’s Autumn Statement – but there is no change to income tax
New official forecasts say the government will collect 37.1p of every pound generated in the economy in 2028/29 – the highest level in 80 years
Labour leader Keir Starmer calls the Budget a “last desperate act” with people paying “more and more for less and less”
Hunt also announces a six-month extension to the Household Support Fund and freezes to alcohol and fuel duty
He increases the VAT threshold for small businesses to £90,000, and announces new taxes on vapes and higher taxes for business class flights
He says he’s “abolishing” the “non-dom” tax system, but new arrivals to the UK will still not pay taxes on foreign income for four years

Written by: bossgmsi

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2Baba parts ways with longtime manager, Efe Omorogbe.

Legendary Nigerian musician, Innocent Ujah Idibia, famously known as 2Baba, has parted ways with his longtime manager, Efe Omorogbe, the CEO of talent management company, Now Muzik. The duo disclosed this in a joint statement shared on Instagram on Wednesday by Now Muzik. According to the statement, the mutual disagreement is with immediate effect. Omorogbe expressed appreciation to 2Baba, saying working with him was “beyond work.”

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