2024 Budget Summary. She announced tax rises worth £40bn to. Chancellor rachel reeves has delivered labour’s first budget since 2010, after the party’s return to power in july’s general election.
The obr forecast that real gdp growth will be 1.1% in 2024, 2.0% in 2025, 1.8% in 2026, 1.5% in 2027, 1.5% in 2028 and 1.6% in 2029. See below for a summary of the announcements.