Autumn Budget 2024 Overview
Chancellor Rachel Reeves will deliver the new government’s first Budget on 30 October 2024. This Budget will focus on economic growth and investment, with goals to enhance public finances, spending, and tax policies.
The government has pledged not to raise the main taxes affecting working people. However, they may target tax loopholes or introduce wealth-related taxes to raise revenue.
With low productivity growth since the 2008 financial crisis, increasing output per worker is essential for economic resilience. Technological advancements like AI could aid growth, though challenges remain.
