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The date of the March 2024 budget was confirmed by HM Treasury on 27 December 2023. It was the last budget to be presented before the next general election. [10]During the 2023 autumn statement, Hunt reduced National Insurance by 2% and announced tax relief for businesses.
The UK government announces that legislation will be brought forward to ban sex offenders in England and Wales from changing their names to avoid detection. [415] 10 May The UK economy is reported to have moved out of recession, with 0.6% growth between January and March, the fastest rate for two years. [416]
Since autumn 2017 the United Kingdom budget typically takes place in the Autumn in order to allow major tax changes to occur annually, well before the start of the fiscal year. [2] 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.
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 budget involved £40 billion of tax rises from 2025 and £70 billion over the next 3 years to allow more spending and investment over the next 3 years. [14] [15] It was announced 2 days before that the minimum wage is to rise by 6.7% to £12.21 an hour. This was confirmed in the budget. [16] [17] [18]
The UK government announces that a scheme allowing Ukrainian nationals to join relatives in the UK has closed to new applicants. [132] Birmingham City Council announces plans to raise council tax by 21% over the next two years as part of £300m in budget cuts. [133] 20 February –
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On the day of the election, polling stations across the country were open from 7 am, and closed at 10 pm. The date chosen for the 2024 general election made it the first to be held in July since the 1945 general election almost exactly seventy-nine years earlier. A total of 4,515 candidates were nominated, more than in any previous general ...