October 2024 United Kingdom budget
It covered Labour's fiscal plans, with a focus on investment, healthcare, education, childcare, sustainable energy, transport, and workers' rights enrichment.[3][4] Labour won a landslide victory in the election, with Keir Starmer becoming Prime Minister and Rachel Reeves becoming Chancellor of the Exchequer.This was disputed by the official spending watchdog, the Office for Budget Responsibility (OBR), who said that the hidden costs from her predecessor Jeremy Hunt were £9.5 billion.[33][34][35] Sir Ed Davey, the leader of the Liberal Democrats, described the government’s plans on social care as “a good start” but inadequate.He said that the effect on family businesses of the changes to inheritance tax and the National Insurance increases will be to "kill entrepreneurship, snuff out wealth creation and stunt growth".[44] On 4 December, the Organisation for Economic Co-operation and Development (OECD) forecast that UK interest rates would fall less quickly over the next two years because of the measures outlined in the budget.
Labour PartyChancellorRachel ReevesMarch 2024MP for Leeds West and PudseyChancellor of the ExchequerChancellorshipWinter fuel payment abolition backlashFarmers' tax protestsNational Wealth FundEllie ReevesNicholas JoiceyHouse of Commonssustainable energyNational Minimum WageConservative PartyRishi Sunakgeneral election was to be held on 4 July 2024manifestoKeir Starmerher tenure as ChancellorMarch 2010Office for Budget ResponsibilityJeremy HuntSkills EnglandBritish Post Office scandalinfected blood scandalCarer's Allowancenational insurance contributionsCapital gains taxinheritance taxVehicle Excise DutyAir Passenger Dutynon-domiciledstamp dutyfurther and higher educationcurrent Parliamentspecial effectscarbon capturegreen hydrogenblue hydrogenSouth YorkshireSouth Yorkshire SupertramGreat British EnergyNational InsuranceInstitute for Fiscal StudiesPaul JohnsonVictoria AtkinsEd DaveyLiberal DemocratsIndependent Schools CouncilGreggsprotest in LondonOrganisation for Economic Co-operation and DevelopmentReutersFinancial TimesYahoo FinancePrime Minister of the United KingdomLeader of the OppositionLeader of the Labour PartyHolborn and St PancrasPremiershipMinistryInternational tripsEnglish Channel migrant crossingsBorder Security CommandCost-of-living crisisIndustrial disputespostal workersstrikes2024 State Opening of ParliamentFreebies controversyNovember 2024 farmers' protestsPlan for ChangeLeadership ofthe OppositionShadow CabinetOpposition frontbenchMay 2021 reshuffleNovember 2021 reshuffle2023 reshuffleDossierBeergateVote of confidence in the Boris Johnson ministryElection date betting scandal2024 Labour Party manifestoLegal careerMcLibel caseStephen Lawrence murder caseParliamentary expenses scandalRotherham child sexual exploitation scandal2011 England riotsTwitter joke trialOperation YewtreeElectoral history2020 Labour Party leadership election2024 United Kingdom general electionNext United Kingdom general electionPolitical positionsVictoria StarmerSpitting ImageThe Starmer ProjectFreezing This Christmas← Rishi SunakUnited Kingdom budgetApril 1979June 1979March 1993November 1993June 2010March 2015July 2015March 2017November 2017Summer statementWinter Economy PlanMarch 2021October 2021September 2022 mini-budget2022 autumn statement2023 autumn statementBudget DayBudget purdahGovernment spending in the United KingdomMoney billParliament Act 1911Spending ReviewSpring Statement