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The October 2024 United Kingdom budget is due to be delivered to the House of Commons by Rachel Reeves, the Chancellor of the Exchequer, on 30 October 2024.It would be the first budget presented by Reeves during her tenure as Chancellor, and the first Labour budget since Keir Starmer led the Labour to victory in the 2024 general election.
The statement. Hunt presenting the budget to the House, on the 6 March 2024. During his statement, Hunt confirmed that the Office for Budget Responsibility had predicted UK economy would grow by 0.8% in 2024 and 1.9% in 2025. Economic growth was forecast to be 2% for 2026, 1.8% for 2027 and 1.7% for 2028, while the UK's rate of inflation was ...
Budget process. The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22. Historically, the budget was usually released in March, less than one month before the beginning of the new ...
The UK is also still projected to see consumer prices rise at a faster rate than other G7 nations. It is set to rise by 2.7% this year and 2.4% next year, the OECD forecast.
6 March. COVID-19 in the United Kingdom: Nearly 70 healthcare workers affected by long Covid sue the NHS and other employers for compensation. The total number of health workers affected by the condition in the UK is estimated at 5,000–10,000. [236] Chancellor Jeremy Hunt delivers the 2024 United Kingdom budget.
2024 United Kingdom budget. 2024 United Kingdom budget may refer to: The March 2024 United Kingdom budget presented by Jeremy Hunt. The Autumn 2024 United Kingdom budget, due to be presented by Rachel Reeves.
Chancellorship of Rachel Reeves. Rachel Reeves became Chancellor of the Exchequer on 5 July 2024, upon her appointment by Prime Minister Keir Starmer, following Labour 's victory in the 2024 general election. She succeeded Conservative chancellor Jeremy Hunt, and became the first woman to hold the office of Chancellor in its 708-year history ...
In 2024, the Resolution Foundation calculated that the government had "pencilled in" further cuts to public services following the 2024 general election. That is, the tax cuts offered shortly before the election were funded by proposed budget cuts to take place in the 2024-2029 parliament, should the Conservatives have won.