Autumn 2024 United Kingdom budget

Last updated
Autumn 2024 (Autumn 2024) United Kingdom budget
Royal Coat of Arms of the United Kingdom (HM Government) (2022).svg
PresentedAutumn 2024
Parliament 59th
Party Labour Party
Chancellor Rachel Reeves
  2024

The Autumn 2024 United Kingdom budget will be delivered to the House of Commons by Rachel Reeves, the Chancellor of the Exchequer, in Autumn 2024. It will be the first budget presented by Reeves since her appointment as Chancellor, the first to be delivered during her tenure as chancellor, and the first budget to be presented by the Labour government of Keir Starmer after the party won the 2024 general election. [1]

Background

The Labour Party won a landslide victory in the 2024 general election, with Keir Starmer becoming Prime Minister and Rachel Reeves becoming Chancellor of the Exchequer. Two days in office, Reeves gave her first statement as chancellor, where she revealed that the budget would be held in the autumn and that she planned on revealing its date in the summer. [2]

Related Research Articles

<span class="mw-page-title-main">Yvette Cooper</span> British politician (born 1969)

Yvette Cooper is a British politician who has served as Home Secretary since July 2024. A member of the Labour Party, Cooper has been Member of Parliament (MP) for Pontefract, Castleford and Knottingley, which has previously included Normanton, since 1997.

<span class="mw-page-title-main">Great Offices of State</span> Four senior ministerial offices in the UK government

The Great Offices of State are senior offices in the UK government. They are the prime minister, chancellor of the Exchequer, foreign secretary and home secretary or, alternatively, three of those offices excluding the prime minister.

<span class="mw-page-title-main">Keir Starmer</span> Prime Minister of the United Kingdom since 2024

SirKeir Rodney Starmer is a British politician and barrister who has served as Prime Minister of the United Kingdom since July 2024 and as Leader of the Labour Party since 2020. He previously served as Leader of the Opposition from 2020 to 2024. Starmer has been Member of Parliament (MP) for Holborn and St Pancras since 2015, and was Director of Public Prosecutions from 2008 to 2013.

<span class="mw-page-title-main">Rachel Reeves</span> British politician (born 1979)

Rachel Jane Reeves is a British politician who has served as the first female Chancellor of the Exchequer and concurrently as Second Lord of the Treasury since July 2024. A member of the Labour Party, she has been Member of Parliament (MP) for Leeds West and Pudsey, formerly Leeds West, since 2010.

<span class="mw-page-title-main">Anneliese Dodds</span> British politician (born 1978)

Anneliese Jane Dodds is a British Labour and Co-operative politician and public policy analyst serving as Minister of State for Development and Minister of State for Women and Equalities since July 2024. She previously served as Chair of the Labour Party from 2021 to 2024. She was Shadow Chancellor of the Exchequer from April 2020 to May 2021, the first woman to hold the position, and Shadow Secretary of State for Women and Equalities from 2021 to 2024. She has been Member of Parliament (MP) for Oxford East since 2017 and was a Member of the European Parliament (MEP) for South East England from 2014 to 2017.

<span class="mw-page-title-main">Ellie Reeves</span> British politician (born 1980)

Eleanor Claire Reeves is a British politician who has served as Chair of the Labour Party and Minister of State without Portfolio since July 2024. A member of the Labour Party, she has been the Member of Parliament for Lewisham West and East Dulwich, formerly Lewisham West and Penge, since 2017. She previously served as Shadow Solicitor General for England and Wales from April 2020 to December 2021 and Shadow Minister for Prisons and Probation from 2021 to 2023.

At various dates in the run up to the 2024 United Kingdom general election on 4 July 2024, various organisations have carried out opinion polling to gauge the opinions that voters hold towards political leaders. The polling companies listed are members of the British Polling Council (BPC) and abide by its disclosure rules. The date range for opinion polls is from the 2019 United Kingdom general election, held on 12 December, to the eve of the 2024 election.

<span class="mw-page-title-main">March 2021 United Kingdom budget</span>

The March 2021 United Kingdom budget, officially known as Protecting the Jobs and Livelihoods of the British People was a budget delivered by Rishi Sunak, the Chancellor of the Exchequer in March 2021. It was expected to be delivered in autumn 2020, but was postponed because of the COVID-19 pandemic. It succeeds the budget held in March 2020, and the summer statement and Winter Economy Plan held in summer and autumn 2020, respectively. The budget is the second under Boris Johnson's government, also the second to be delivered by Sunak and the second since Britain's withdrawal from the European Union. The budget was the first for government expenditure in the United Kingdom to exceed £1 trillion.

<span class="mw-page-title-main">Shadow Cabinet of Keir Starmer</span> Shadow Cabinet of the United Kingdom from 2020 to 2024

Keir Starmer assumed the position of Leader of the Opposition after being elected as leader of the Labour Party on 4 April 2020; the election was triggered by Jeremy Corbyn's resignation following the Labour Party's electoral defeat at the 2019 general election when Boris Johnson formed a majority Conservative government. Starmer appointed his Shadow Cabinet on 5 and 6 April. He reshuffled his Shadow Cabinet five times: in June 2020, May 2021, June 2021, November 2021 and 2023.

In the aftermath of relatively poor results in the 2021 local elections, Keir Starmer carried out a May 2021 shadow cabinet reshuffle.

<span class="mw-page-title-main">October 2021 United Kingdom budget</span>

The October 2021 United Kingdom budget, officially known as the Autumn Budget and Spending Review 2021. A Stronger Economy for the British People, was a budget statement made by Chancellor of the Exchequer Rishi Sunak on 27 October 2021. It was the third and final consecutive budget delivered by Sunak before his resignation in July 2022.

The frontbench of His Majesty's Loyal Opposition in the Parliament of the United Kingdom consists of the Shadow cabinet and other shadow ministers of the political party currently serving as the Official Opposition. From 2020 to 2024, His Majesty's Loyal Opposition was the Labour Party, and the Leader of the Opposition was Keir Starmer.

<span class="mw-page-title-main">Samantha Dixon</span> British politician

Samantha Kate Dixon is a British politician who serves as Member of Parliament (MP) for Chester North and Neston. She sat for City of Chester from 2022 until the seat's abolition in 2024. A member of the Labour Party, she was Leader of Cheshire West and Chester Council from 2015 to 2019.

<span class="mw-page-title-main">2023 United Kingdom budget</span>

The 2023 United Kingdom budget was delivered to the House of Commons on 15 March 2023 by Chancellor of the Exchequer Jeremy Hunt. It was the first full budget statement to be presented by Hunt since his appointment as chancellor. The date of the budget was confirmed by Hunt on 19 December 2022. At the same time he confirmed the budget would be accompanied by a full budget report from the Office for Budget Responsibility. The statement was presented as a budget for growth, with the objective of bringing about the conditions for long-term sustainable economic growth within the UK.

<span class="mw-page-title-main">Keir Starmer's tenure as Leader of the Opposition</span>

Keir Starmer served as Leader of the Opposition in April 2020, following the resignation of Jeremy Corbyn after Labour's defeat at the 2019 general election and Starmer's election as Labour leader in the ensuing leadership election, until his party won a landslide victory at the general election in July 2024.

<span class="mw-page-title-main">Leeds West and Pudsey (UK Parliament constituency)</span> Parliamentary constituency in the United Kingdom, 2024 onwards

Leeds West and Pudsey is a constituency in West Yorkshire represented in the House of Commons of the Parliament of the United Kingdom. It is currently represented by Rachel Reeves of the Labour Party, who currently serves as Chancellor of the Exchequer under the government of Keir Starmer.

<span class="mw-page-title-main">Chancellorship of Jeremy Hunt</span> Jeremy Hunts tenure at HM Treasury (2022–2024)

Jeremy Hunt served as Chancellor of the Exchequer between 2022 and 2024, during the premierships of Liz Truss and Rishi Sunak.

<span class="mw-page-title-main">Premiership of Keir Starmer</span> Period of UK government from 2024

Keir Starmer's tenure as Prime Minister of the United Kingdom began on 5 July 2024 when he accepted an invitation from King Charles III to form a government, succeeding Rishi Sunak of the Conservative Party, after the Labour Party had won the 2024 general election. He is the first Labour prime minister since Gordon Brown in 2010 and the first one to win a general election since Tony Blair in 2005.

<span class="mw-page-title-main">Starmer ministry</span> Government of the United Kingdom since 2024

The Starmer ministry began on 5 July 2024 when Sir Keir Starmer was invited by King Charles III to form a government, following the resignation of Rishi Sunak after the general election on 4 July 2024.

<span class="mw-page-title-main">Chancellorship of Rachel Reeves</span> Rachel Reeves tenure at HM Treasury (2024-present)

Rachel Reeves became Chancellor of the Exchequer on 5 July 2024, upon her appointment by Prime Minister Keir Starmer, following Labour's victory in the 2024 general election. She succeeded Conservative chancellor Jeremy Hunt, and became the first woman to hold the office of Chancellor in its 708-year history.

References

  1. "UK politics live: Rachel Reeves to announce housebuilding targets in first speech as chancellor". BBC News. Retrieved 2024-07-08.
  2. updated, Ruth Emery last (2024-07-05). "When will Labour's first Budget happen?". moneyweekuk. Retrieved 2024-07-08.