When is the 2024 Budget and what might be in it?
Chancellor Rachel Reeves will deliver Labour’s first Budget on Wednesday 30 October.
Each year, the chancellor of the exchequer – who is in charge of the government’s finances – makes a Budget statement to MPs.
The speech outlines the government’s plans for spending and taxes.
The Budget speech usually starts around 12:30pm and lasts about an hour.
Reeves may be considering pushing the freeze beyond its current expiry date of 2028 in a move that could raise £7 billion, according to the Financial Times.
Other measures reported to be under consideration include increasing employers’ national insurance contributions, raising fuel duty for the first time since 2010, changes to rules on inheritance tax and stamp duty, and a levy on e-cigarettes, according to reports across the media.
The Treasury has so far declined to comment on Budget speculation.
