UK 2024 Budget Preview
Exclusive preview of Rachel Reeves’ UK 2024 Autumn statement
Rachel Reeves’ debut UK 2024 Budget is looking like it will be a key fiscal moment for the UK economic outlook. The Chancellor is under pressure to boost spending to help secure the growth over the long term, all while keeping the bond market onside.
Her path to success is outlined in this exclusive preview of what to expect on Budget day. This 12-page report walks you through the tax and spending options available to the Chancellor, showing you how we expect the government will try to meet its objectives and how the financial markets will receive these plans. Read the report now and learn:
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How Reeves could tweak the fiscal rules, and how much extra headroom this would allow;
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How much she will raise taxes to increase spending, and how much she could borrow for investment;
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The economic impact of her plans and how gilt yields and sterling could respond.
Rachel Reeves faces the unenviable task of trying to achieve three objectives. First, being able to say there will be “no return to austerity” by raising ‘current’ spending. Second, kick-starting economic growth by ramping up investment spending. Third, raising taxes, but not by too much to hamper the economy and elongate the cost of living crisis. All while maintaining fiscal credibility and preventing a big rise in gilt yields. It’s a challenge but she may just about manage it.
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What to expect on UK 2024 Budget day
Our key analysis on the macro impact of the Chancellor's tax, borrowing and spending plans