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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 .
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 ...
England's NHS budget will increase by £3.3bn a year during 2023–24 and 2024–25, and spending on schools by £2.3bn over the same period [18] Defence spending to be maintained at 2% of national income [18] Overseas aid spending to remain at 0.5% until 2028, below the official 0.7% target [18]
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.
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 first woman to present a UK Budget, marking the Labour Party's first Budget in over 14 years.
UK Government borrowing was forecast to fall from 4.5% of GDP in 2023–24 to 3% in 2024–25, followed by 2.7% in 2025–26, 2.3% in 2026–27, 1.6% in 2027–28 and 1.1% in 2028–29. [ 19 ] Addressing the House of Commons , Hunt said his autumn statement would contain 110 growth measures, with the government having "taken difficult decisions ...
On 29 July 2024, and after Labour had won the 2024 general election, Chancellor Rachel Reeves launched a new multi-year spending review, noting that the Conservative government had not undertaken a spending review since 2001 (above) and that "unfunded" and "undisclosed" overspending of £21.9bn had created a need to make "a necessary and urgent ...
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 ...