Spring Budget 2024 Summary 2. This summary was compiled by. The changes made at autumn statement 2023 and spring budget 2024 mean that for single individuals on average salaries, personal taxes would be lower in the uk than every.

This budget is significant as it is the final planned budget before the upcoming general election, which is anticipated to occur later in the year. Employees can look forward to savings from 6th april 2024, with the main rate of class 1 national insurance contributions (nic) being reduced by 2% from 10% to 8%.