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Pie chart of UK government spending, 2023-24. [2]The most significant area of government spending is welfare (£341 billion in financial year 2023-24), [2] with the largest single element of this being for the State Pension, which totals £124 billion.
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.
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.
Rachel Reeves Budget measures mean that by 2028 weekly wages will have grown by £13 pounds over the last twenty years, an economic think-tank has said.. The Resolution Foundation has warned that ...
The March 2024 United Kingdom budget was delivered to the House of Commons by Jeremy Hunt, the Chancellor of the Exchequer, on 6 March 2024. [1] [2] It was the second budget presented by Hunt since his appointment as Chancellor, the last to be delivered during his tenure as chancellor and the last budget to be presented by the Conservative government of Rishi Sunak before the party was ...
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 .
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC.
Retail sales in the UK saw zero growth in March as consumers cut back on their spending due to ongoing financial pressures brought about by the cost of living crisis. [ 343 ] In a speech on welfare , Sunak sets out plans to tackle what he describes as the UK's " sick note culture" by stripping GPs in England of their authority to sign people ...