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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 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 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 Chancellor will deliver a Budget next spring, the Treasury confirmed on Monday, as part of a move to settle the markets as the pound slumped to historic lows following Friday’s mini-budget.
The Chancellor said she will assess the ‘spending inheritance’ left behind and set a date for her first budget before the Commons summer recess.
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 ...
A debt ceiling fight soon behind. But even if Congress averts a shutdown, a debt ceiling deadline will follow shortly behind. The federal debt limit is set to be reinstated on Jan. 2, 2025, per ...
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]