Budget of the United Kingdom

Historic 2024 Autumn Budget Unveiled by Chancellor Rachel Reeves

The 2024 Autumn Budget, presented by Chancellor Rachel Reeves, marks a historic moment as the first budget delivered by a woman in the UK. With plans to increase government spending by 2% of GDP annually, the budget focuses on enhancing public services, including transport and housing, while introducing significant tax changes like higher employer National Insurance contributions and capital gains tax. This budget aims to restore economic stability and address pressing issues in the UK economy.