But will it make any difference? Yesterday Jeremy Hunt presented his first budget as chancellor of the exchequer, hoping to stop Britain’s economy from going into recession.
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Heigh ho, Heigh ho, it’s off to work we go...
But will it make any difference? Yesterday Jeremy Hunt presented his first budget as chancellor of the exchequer, hoping to stop Britain's economy from going into recession.
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<h2 class=" eplus-wrapper">What's happening?</h2>
For Jeremy Hunt, yesterday was a big day.
Last year, he became the person in charge of Britain's money. And yesterday, he stood up in front of the country's politiciansSomeone whose job it is to be involved in running a country. Politicians try to persuade people they have the best ideas to run the country. and explained how he plans to spend it.
The yearly speech is called "the budgetA plan for income and spending over a certain time period. ". Here are some of the key points:
Childcare: There will be 30 hours of free childcare for children aged between nine months and five years old. Hunt hopes that this will mean that more parents start working again.
<h2 class=" eplus-wrapper">Find out more</h2>
Energy: Energy bills have gone up. People will get help paying for energy for three more months.
Tax: People will have to pay more taxMoney workers pay to the government to pay for services like roads and hospitals. on alcohol and tobaccoA substance smoked in cigarettes. It contains nicotine, which is addictive. . Companies will pay more tax too, but people saving up for their pensionsA regular income paid by a government or a financial organisation to someone who no longer works, usually because of their age or health. will pay less.
Defence: Over the next five years, £11bn more will be spent on defence.
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<h5 class=" eplus-wrapper">But will it make any difference? </h5>
Yes! More people will go back to work, helping the country's economyThe way that money flows through a country, which affects wages and the cost of living.. And expertsSomeone who knows a lot about a particular subject. think prices will fall soon.
No! These changes are too small to make a big difference. Britain's economy has big problems. It will take more than free childcare to fix them.
Politicians - Someone whose job it is to be involved in running a country. Politicians try to persuade people they have the best ideas to run the country.
Budget - A plan for income and spending over a certain time period.
Tax - Money workers pay to the government to pay for services like roads and hospitals.
Tobacco - A substance smoked in cigarettes. It contains nicotine, which is addictive.
pensions - A regular income paid by a government or a financial organisation to someone who no longer works, usually because of their age or health.
Economy - The way that money flows through a country, which affects wages and the cost of living.
Experts - Someone who knows a lot about a particular subject.
Heigh ho, Heigh ho, it’s off to work we go…
Shrinking feeling: Jeremy Hunt and Rishi Sunak are under pressure to stimulate growth. Glossary
Politicians - Someone whose job it is to be involved in running a country. Politicians try to persuade people they have the best ideas to run the country.
Budget - A plan for income and spending over a certain time period.
Tax - Money workers pay to the government to pay for services like roads and hospitals.
Tobacco - A substance smoked in cigarettes. It contains nicotine, which is addictive.
pensions - A regular income paid by a government or a financial organisation to someone who no longer works, usually because of their age or health.
Economy - The way that money flows through a country, which affects wages and the cost of living.
Experts - Someone who knows a lot about a particular subject.