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1. • The Chancellor of the Exchequer

     
     • The Budget is worked out by the Chancellor of the Exchequer with help from his office, the Treasury, which oversees the country's finances.
     www.bbc.co.uk/newsround/64961731

     Budget 2024: What is the Budget and how does it affect me? - BBC

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   What is a budget and why is it important?

   • What is the Budget? The Budget, or Financial Statement, is a statement made to the House of Commons by the Chancellor of the Exchequer on the nation’s finances and the Government’s proposals for changes to taxation. The Budget also includes forecasts for the economy by the Office for Budget Responsibility (OBR).

   The Budget and Parliament - UK Parliament

   www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/

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   What is a budget statement?

   • The Budget, or Financial Statement, is a statement made to the House of Commons by the Chancellor of the Exchequer on the nation’s finances and the Government’s proposals for changes to taxation. The Budget also includes forecasts for the economy by the Office for Budget Responsibility (OBR). When is the Budget?

   The Budget and Parliament - UK Parliament

   www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/

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   Does the budget include forecasts for the economy?

   • The Budget also includes forecasts for the economy by the Office for Budget Responsibility (OBR). When is the Budget? The government has announced that an Autumn Budget will be held on 30 October 2024. The last Budget to be held under the previous government took place during the last Parliament, on 6 March 2024.

   The Budget and Parliament - UK Parliament

   www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/

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   When does a budget come out after a change of government?

   • In election years, after a change of Government, a Budget will also usually be introduced by the incoming Chancellor of the Exchequer, even if the outgoing Chancellor has already delivered one. More information about the timing of previous budgets is given in the following House of Commons Library briefings:

   The Budget and Parliament - UK Parliament

   www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/

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   Where does the word budget come from?

   • The word Budget comes from an old French word ‘bougette’ meaning little bag. It was customary to bring the statement on financial policy to the House of Commons in a leather bag. The modern equivalent of the bag is the red despatch box or Budget box.

   The Budget and Parliament - UK Parliament

   www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/

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   How does the Finance Bill work?

   • A new Finance Bill is presented to Parliament each year; it enacts the proposals for taxation made by the Chancellor of the Exchequer in the Budget statement and brings them into law. Once the House of Commons has agreed the Budget Resolutions, the Finance Bill starts its passage through Parliament in the same way as any other bill.

   The Budget and Parliament - UK Parliament

   www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/

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3. www.gov.uk › government › newsChancellor chooses a Budget to rebuild Britain - GOV.UK

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   3 days ago · The Budget will help rebuild Britain by boosting public investment by over £100 billion over the next five years while exceeding the manifesto commitment to fix an extra 1 million potholes per ...

4. www.thisismoney.co.uk › money › taxWhat the Autumn Budget 2024 means for you: How Rachel Reeves ...

   www.thisismoney.co.uk › money › tax

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   2 days ago · Labour’s first Budget in 14 years brought a wave of tax hikes to fund extra spending on public services, and Reeves had already indicated a shake-up of the Government’s fiscal rules to allow ...

5. Videos

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     investopedia.com

     Federal Budget: What It Is, How It Works, History

     31 Dec 2008

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     The federal budget: Where the money comes from and where it goes

     8 Sep 2023

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     investopedia.com

     What Is a Budget? Plus 11 Budgeting Myths Holding You Back

     31 Dec 2008

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6. news.sky.com › story › budget-2024-the-keyBudget 2024: The main announcements in Chancellor Rachel ...

   news.sky.com › story › budget-2024-the-key

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   3 days ago · • Local government will receive funding worth "at least" £600m for social care. • An investment of £5bn in housing , which will increase the affordable homes programme to a budget of £3.1bn.

7. www.instituteforgovernment.org.uk › comment › autumnSix things to look out for in the autumn budget 2024

   www.instituteforgovernment.org.uk › comment › autumn

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   Oct 25, 2024 · Six things to look out for in the autumn budget 2024. Ahead of next Wednesday’s budget – the first from a Labour chancellor in a decade and a half – our team pick out six things they will be looking out for, from the UK’s prospects for growth to the much discussed changes to fiscal rules. 1.

8. ifs.org.uk › articles › what-does-budget-mean-ukWhat does the Budget mean for the UK? | Institute for Fiscal ...

   ifs.org.uk › articles › what-does-budget-mean-uk

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   2 days ago · Funded by. We’re look at some of the challenges facing the Chancellor and what she can learn from previous Budgets. Rachel Reeves needs to deliver a clear statement of intent for the remainder of this government’s time in office. We explore the options the Chancellor has in the forthcoming Budget. We discuss the Chancellor's first Budget ...

9. www.which.co.uk › news › articleAutumn Budget 2024: when is it and what will it contain ...

   www.which.co.uk › news › article

   3 days ago · Autumn Budget 2024. Chancellor Rachel Reeves announced the government will raise taxes by £40bn, with capital gains tax and employer National Insurance measures topping the bill.

10. www.parliament.uk › the-budget-and-parliamentThe Budget and Parliament

    www.parliament.uk › the-budget-and-parliament

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    The Budget, or Financial Statement, is a statement made to the House of Commons by the Chancellor of the Exchequer on the nation’s finances and the Government’s proposals for changes to taxation. The Budget also includes forecasts for the economy by the Office for Budget Responsibility (OBR).