Budget summary 30 October 2024

The long awaited, much anticipated and dreaded first Budget of the new Labour government was delivered to Parliament today – 30 October 2024 – by the Chancellor, Rachel Reeves.

We now know where the funds will come from to finance investment and growth, and the vaunted tax increases are no longer speculative, we have the detail. 

The impact of the proposed £40bn of tax increases are summarised below.