Spring Budget 24: Industry reacts

The positive notes were regarding financial resilience, the budget increased the repayment period for a loan for household emergencies from 12 to 24 months. It also ended the £90 charge for debt relief orders. Dr Matthew Connell, director of policy and public affairs, Chartered Insurance Institute (CII) Group, said: "We welcome the Chancellor's decision to bolster resilience. Last September, we published a report on resilience that recommended an independent Commission on Household Financial Security, to create a comprehensive plan for resilience in an economy where only 54% of those age...