The Chancellor will deliver the Spring Budget, alongside a forecast from the independent Office for Budget Responsibility (OBR), on 6 March 2024.
The tensions underlying the Chancellor’s fiscal statement have been on display once again. Ever since the Budget date was unveiled during the Christmas break Mr Hunt has had to strike a balance between the need to make tax cuts and the duty to follow his own fiscal rules and get public debt falling. Pressures to cut taxes have largely come from within the Conservative Party as the government look for a pre-General Election boost. Meanwhile, mixed economic and fiscal news has reinforced the need for caution.
Our detailed summary of the Spring Budget 2024 will be uploaded here following the announcement.