When is the Budget and what might be in it?

Published On Sep 18, 2024, 3:10 AM

Chancellor Rachel Reeves of the Labour Party will deliver the first Budget in 14 years on October 30, 2024, proposing severe financial measures that include £40 billion in tax increases and spending cuts. The government aims to address a budget deficit attributed to a significant economic downturn, impacting public services and tax policies. Discussions are ongoing about potential changes to National Insurance contributions, inheritance tax, capital gains tax, pension taxation, and fuel duty.