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The most recent budget was presented by Rachel Reeves on 30 October 2024. 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.
Brexit: Physical checks begin on meat and dairy products, plants, seeds, and a number of other goods imported from the European Union, which are expected to cost British firms about £330m per year. [381] 2024 Hainault sword attack: A 14-year-old boy is killed and four other people are wounded by a man wielding a sword in Hainault, northeast ...
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.
The Duchy of Lancaster paid the King £27.4 million in the last financial year and the Duchy of Cornwall paid the Prince of Wales £23.6 million. This is considered to be private money, but ...
The October 2024 United Kingdom budget presented by Rachel Reeves Topics referred to by the same term This disambiguation page lists articles associated with the title 2024 United Kingdom budget .
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 estimated to fall below the Bank of England's 2% target by the end of June 2024, and would then fall to 1.5% in 2025. Public debt, excluding Bank of England debt, was forecast to be 91.7% of GDP in 2024, rising to 92.8% in 2025 ...
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The October 2024 United Kingdom budget was delivered to the House of Commons by Rachel Reeves, the Chancellor of the Exchequer, on 30 October 2024. She is the inaugural female to present a UK Budget, marking the Labour Party's first Budget in over 14 years.