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The context for the March 2024 Budget

Report
How might the outlook for the public finances change and how should the Chancellor’s tax and spending plans change in response in the Budget?

27 February 2024

Jeremy Hunt

Autumn Statement 2023 response

Comment
Higher inflation has boosted tax revenues. Rather than compensate public services, or bank the spoils, the Chancellor decided to cut taxes.

22 November 2023

The treasury

Policy risks to the fiscal outlook

Report
Pressures on both revenue and spending are skewed to add to borrowing over the next few years, and threaten the ‘centrality’ of official forecasts.

17 October 2023

Treasury building

Outlook for the public finances

Report
In the current environment of high inflation and rising interest rates, tax cuts at the upcoming Budget would be extremely difficult to justify.

17 October 2023