Rishi Sunak will deliver the autumn budget today which will detail how the government plans to spend money over the coming months.
It comes just seven months after the first budget of the year was announced in March, and will coincide with the conclusion of the spending review.
Various plans have already been leaked to the press, including a hike in minimum wage and investment in transport, however more will be unveiled later today.
The chancellor will also use the budget to reveal any cuts or increases to tax, which will directly impact how much money we have to spend.
Here's what you need to watch about today's announcement...
What time the autumn budget 2021 announcement?
The autumn budget 2021 will be announced on Wednesday October 27 to MPs in the House of Commons at around 12:35pm.
This will coincide with the conclusion of the spending review, which the Chancellor is expected to announce at a similar time.
READ MORE: What's the difference between spending review and budget?
What TV channel will budget be on?
The autumn budget will be broadcast live on most major news channels, including BBC Two during Politics Live, which will start at 11:15am.
You can also watch it online at Parliament Live TV.
What has already been leaked?
A number of plans have already been leaked from the autumn budget, including:
- More money for transport systems in cities in England, including Manchester.
- Money towards tackling NHS backlogs
- Rise to national living wage and minimum wage
- Money towards skills and 16+ education
- Money towards building new houses in England
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here