UK Annual Budget Release
Domestic government spending and borrowing levels can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;
This document outlines the government's budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments;
- History
| Expected Impact / Date | Description |
|---|---|
| Mar 6, 2024 | |
| Mar 15, 2023 | |
| Mar 23, 2022 | |
| Oct 27, 2021 | |
| Mar 3, 2021 | |
| Mar 11, 2020 | |
| Mar 13, 2019 | |
| Mar 13, 2018 | |
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- UK Annual Budget Release News
From @FirstSquawk|Mar 6, 2024|1 commentpost: UK'S HUNT WE CAN NOW HELP FAMILIES WITH PERMANENT CUTS IN TAX post: Jeremy Hunt says that the government can help families 'not just with temporary cost of living support but with permanent cuts to taxation' He says that Conservatives know that lower taxes mean higher growth, and higher growth means more opportunity, more prosperity and more… post: Jeremy Hunt says that inflation is forecast to fall below 2% target 'in just a few months' time - nearly a whole year earlier than forecast at the time of the Autumn Statement' post: Jeremy Hunt confirms he is extending fuel duty freeze and 5p cut for another year - cost around £5billion post: UK'S HUNT: OBR FORECASTS SHOW 2024/25 BUDGET DEFICIT OF 3.1% OF GDP (NOV FORECAST 3.0%) UK'S HUNT: OBR FORECASTS 2026/27 UNDERLYING PUBLIC DEBT TO GDP RATIO OF 93.2% (NOV FORECAST 93.2%) || UK'S HUNT: BORROWING FORECAST TO DROP TO LOWEST SHARE OF GDP SINCE 2001 AT END OF…
From youtube.com/cnbc-tv18|Mar 6, 2024This time it's personal: UK's Sunak and Starmer ramp up the attacks as election looms Chancellor Budget 2024: British Prime Minister Rishi Sunak takes questions in parliament before British Finance Minister Hunt delivers statement on UK's Spring Budget 2024. Hunt will seek a way to cut taxes in his budget to help Prime Minister Rishi Sunak's bleak election prospects but he must tread carefully to avoid upsetting bond markets, 18 months after the "mini-budget" crisis of former premier Liz Truss. British Finance Minister Hunt presents ...
From fxexplained.co.uk|Mar 5, 2024Amid concerns over the UK’s escalating tax burden, heightened by pandemic-induced spending and fiscal drag, the Budget is expected to address taxation policies. The government’s decision to freeze tax thresholds until 2028 has drawn attention to the concept of fiscal drag, wherein taxpayers are inadvertently pushed into higher tax brackets due to inflation-driven income growth. Chancellor Hunt faces pressure to alleviate this burden, although limited fiscal headroom presents challenges to substantial tax cuts. Potential Tax Policy ...
From @sevenloI|Mar 15, 2023post at 8:50am: UK’s Hunt Says OBR Forecasts Show: - 2023 GDP Growth of -0.2% (Nov Forecast -1.4%) - 2024 GDP Growth of 1.8% (Nov Forecast 1.3%) - 2025 GDP Growth of 2.5% (Nov Forecast 2.6%) - 2026 GDP Growth of 2.1% (Nov Forecast 2.7%) - 2027 GDP Growth of 1.9% (Nov Forecast 2.2%) https://t.co/XHLT8u6Qle post at 8:53am: MORE UK'S HUNT: OBR SEES UNEMPLOYMENT PEAKING AT 4.4% (VS 3.7% NOV-JAN 2023) #ukeconomy #ukbudget #fiscalpolicy #jeremyhunt post at 8:57am: MORE UK'S HUNT: EXPRESSES 'STEADFAST SUPPORT' FOR THE BANK OF ENGLAND #ukeconomy #ukbudget #fiscalpolicy #jeremyhunt post at 9:04am: Jeremy Hunt confirms that companies will be able to offset 100% of investment equipment, plants and machinery in the UK against taxable profits He says that it is the most generous capital allowance scheme of any advanced economy and will cost £9billion a year post at 9:07am:
UK will designate nuclear power as "sustainable" in its green taxonomy following the same path as the EU's green rule book- From @cablefxmacro|Mar 15, 2023
post at 8:38am:
*HUNT SAYS UK WILL NOT ENTER RECESSION THIS YEAR post at 8:38am: UK'S CHANCELLOR HUNT: WE WILL BRING PRE-PAYMENT METER ENERGY CHARGES IN LINE WITH STANDARD CHARGES. post at 8:41am: BREAKING: Jeremy Hunt confirms that fuel duty will remain frozen for another year and the 5p cut in the price of petrol and diesel will remain in place He says this will save the average driver £100 post at 8:43am: UK'S CHANCELLOR HUNT: WE ARE MEETING FISCAL RULE TO HAVE DEBT FALLING. post at 8:44am: UK'S CHANCELLOR HUNT: THE OBR FORECASTS SHOW 2023/24 BUDGET DEFICIT OF 5.1% OF GDP (NOVEMBER FORECAST 5.5% OF GDP) 
From youtube.com/skynews|Mar 15, 2023|1 commentWatch Sky News' special coverage of the budget, ahead of Chancellor Jeremy Hunt's announcement in the House of Commons.
From brecorder.com|Mar 15, 2023Britain’s finance minister unveils a cost-of-living budget on Wednesday as the government seeks to keep a grip on public spending in the face of a fresh wave of strikes over pay. Chancellor of the Exchequer Jeremy Hunt delivers his tax and spending plan to parliament from 1230 GMT, as teachers, junior doctors, civil servants, BBC journalists and drivers on London’s underground Tube railway stage the latest day of mass walkouts. Public and private sector workers show little sign of ending strike action that began last year when ...
From think.ing.com|Mar 13, 2023The collapse of Silicon Valley Bank last week forced the Chancellor and Bank of England to spend the weekend looking at ways to prevent contagion. But the private purchase of SVB UK announced at the start of the week means much of the focus of this week’s Budget can now switch back to domestic policy issues. Cast your mind back to November when Chancellor Jeremy Hunt was under a lot of pressure to present a fiscal plan which stabilised the public finances across the medium term. In truth, markets had already begun to stabilise by the ...
| Released on Mar 6, 2024 |
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| Released on Mar 15, 2023 |
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