Autumn Budget 2024 predictions - what to expect on taxes, wages, pensions, benefits and the cost of living
manchestereveningnews.co.ukLabour's first Budget under Sir Keir Starmer's leadership will have big implications for taxes, wages, benefits, pensions and the cost of living.
Chancellor Rachel Reeves will be laying out the government's plans for the economy on Wednesday afternoon as she looks to fill a £40 billion funding gap.
She has said she will be using her speech to MPs, which is set to take place shortly after PMQs at midday, to make "difficult decisions on spending, on welfare and taxation" which will put "our public finances and our public services on a firmer footing". READ MORE: The Autumn Budget 2024 changes that could affect homeowners and renters from stamp duty to council tax READ MORE: 'I just don’t know how anyone can survive' - The pubs and restaurants bracing themselves for 'tough' budget Labour made a promise in its manifesto not to raise taxes on "working people", ruling out any increases to the rate of national insurance, income tax or VAT.
However, a number of tax rises that do not directly affect workers are expected to be laid out - including changes to inheritance tax and the contributions that employers make through National Insurance.
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