The Chancellor of the Exchequer will present her Autumn Budget 2024 in Parliament this week. Rachel Reeves, who was appointed Chancellor following Labour's victory in the general election over the summer, will set out the government’s spending for the next year.
Labour has said they are having to make 'tough decision's after claiming they inherited a £22bn blackhole in the public finances from the government. Read more: What could be announced in Autumn Budget 2024 - from state pension rise to tax changes The Treasury has so far declined to comment on Budget speculation, but when asked about possible tax changes during a press conference in Berlin, Sir Keir Starmer: “We are going to keep our manifesto pledges.
I’m not going to pre-empt the individual measures that will be outlined by the Chancellor in due course." Here is everything you need to know about the budget.
The content of the budget will only be official once Ms Reeves announces it on Wednesday, but these are some measures that we are expecting might come up.
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