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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 fiscal year.
For the financial year 2023–24, total government spending is expected to be £1,189 billion. [2] The UK government has spent more than it has raised in taxation since financial year 2001–02, [3] creating a budget deficit and leading to growing debt interest payments.
Chancellor of the Exchequer Jeremy Hunt presents the 2023 United Kingdom budget to the House of Commons, and says that the UK will avoid going into recession in 2023. [178] The UK government commits to invest £20bn over the next 20 years in low-carbon energy projects, focusing on carbon capture and storage. [179]
An Act to authorise the use of resources for the year ending with 31 March 2024; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2023. [d]
She becomes the first person to be convicted in the UK for assisting a non-UK person to carry out the practice. [185] Prince William announces plans to build 24 homes on Duchy of Cornwall land to help tackle homelessness. [186] The prince wants to end homelessness as part of a major five-year campaign launched in 2023. [187]
On 25 April, data published by the Office for National Statistics indicated that government borrowing for the year up to 31 March 2023 had been £139.2bn, and consequently less than the £152bn forecast prior to the 2023 budget. [16] On 2 January 2024, applications opened for working parents in England to apply for 15 hours per week of funded ...
The Policing and Crime Act 2017 (Maritime Enforcement Powers: Revised Code of Practice) Regulations 2023 174: The Education (School Day and School Year) (England) (Amendment) Regulations 2023 175: The Non-Domestic Rating (Designated Areas) Regulations 2023 176: The South Yorkshire Passenger Transport Executive (Transfer of Functions) Order 2023 177
English school holidays also affect holiday accommodation pricing. Holidays feature a steep rise in accommodation cost, due to increased demand. The English tourism industry monitors websites that provide up-to-date school holiday information, and adjusts prices accordingly. Prices often drop by hundreds of pounds one week into the new school term.