The much-anticipated Autumn Budget is nearly upon us, seeing the new government set out its economic agenda for the coming months.
Since Labour's landslide win in July, Prime Minister Sir Keir Starmer has warned that "difficult decisions" are needed to grow the economy and get public services "working again".
The Labour Party has accused the previous Conservative government of leaving a £22bn "black hole" in public finances.
With not long to go before the government sets out its financial plans, here is everything you need to know.
What is the Budget?
According to the Parliament website, the UK Budget is a statement made to the House of Commons about the country's finances and sets out proposals from the government.
This also includes a forecast for the economy by the Office for Budget Responsibility (OBR).
When will the 2024 Autumn Budget take place?
The 2024 Autumn Budget will be held on Wednesday, October 30 shortly after 12:30pm. This is expected to last approximately an hour.
The last budget was held under the previous government and took place during the last Parliament on March 6, 2024.
Recommended Reading:
- What is Inheritance Tax and who needs to pay it? Everything you need to know
- Find out who is exempt from paying income tax in the UK - could it be you?
How to watch the Autumn Budget
Those wishing to watch this year's Autumn Budget can do so on the BBC and BBC News website. It will also be available to stream on Parliament TV.
The budget will be delivered by Chancellor Rachel Reeves with the first phase of the statement typically beginning with a review of the nation's finances before setting out proposals from the government.
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 hereLast Updated:
Report this comment Cancel