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The 2023 United Kingdom budget was delivered to the House of Commons on 15 March 2023 by Chancellor of the Exchequer Jeremy Hunt. It was the first of two full budget statements presented during the Sunak ministry .
Budget Revenue Expenditure Deficit/(Surplus) Budget Report 2024, October: £1.229 trillion £1.276 trillion £47.2 billion 2024, March: 2023, March: 2022, November: 2022, September mini-budget: 2021, October: £929 billion £1.045 trillion £116 billion 2021, March: £819 billion £1.053 trillion £234 billion 2020, March: £873 billion £928 ...
In financial year 2018–19, debt interest was £43 billion - around 5% of total government spending [11] compared to around 10% in 2023–24. HM Treasury controls the overall budget for administration [12] in central government, which largely comprises staff costs. In 2023–24, this totalled £14 billion. [13]
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The UK government orders an inquiry after the Department for Education miscalculated the schools budget for England for the 2023–24 academic year, forcing a planned 2.7% had to be revised to 1.9%. [486]
The 2023 budget in March 2023 was Hunt's first as chancellor. [3] On 5 September, he announced the autumn statement would be presented on 22 November. The Office for Budget Responsibility was commissioned to prepare an economic and fiscal forecast that would be presented to Parliament on the day of the statement. [4]
The Bank of England did not know what was going to be in the fiscal statement, which triggered a period of turmoil in the UK’s financial markets, Bailey said. Liz Truss’s disastrous ‘mini ...
The former prime minister, whose mini budget triggered economic turmoil, suggested her opponents were smearing her record in office. Truss: Bank of England governor should resign over mini budget ...