The UK 2024 Autumn Budget

With a large parliamentary majority and an election campaign which was won on the promise of change, big announcements are anticipated in Chancellor Rachel Reeves’s first Budget. We explore how these changes could impact you, your family and your business.

Your personal wealth

On 30 October 2024, Labour will deliver its first Budget since 2009.

The government has ruled out increases to a range of taxes, including income tax, VAT and national insurance. While some policies have already been announced, such as the removal of the VAT exemption for private schools, it remains to be seen where the Chancellor will seek to raise additional funds.

There are expectations that this could be a landmark Budget, with the potential for key legislative changes affecting a wide range of groups including families, entrepreneurs and pre-retirees.

We’ll be adding new articles and videos to this page as more information becomes available, so that you can stay informed on the impact of Autumn Budget on you and your loved ones.

What the Autumn Budget could mean for you

It’s the first Labour Budget after 14 years of Conservative government. We’re expecting to see a wide range of amendments on taxes such as capital gains tax, inheritance tax, and pensions. This could make a substantial impact on your financial plan and may necessitate a review of the strategies you have in place to reach your goals and objectives.

Please join us the day after the Budget announcement when we’ll be running an expert panel event where we discuss the most important announcements, and how they might impact you and your family.

Live webinar: The UK 2024 Autumn Budget - Your personal wealth

Expert analysis of the Budget's impact on your personal finances, as it happens. Sign up to our webinar to stay informed of how the announcements might affect you, and actions you should consider.

Autumn Budget FAQs

What is the Autumn Budget?

Government Budgets are the announcement of the official financial plan for the country. The Chancellor provides an update on the state of the economy, including economic forecasts, and announces new spending plans and proposed changes to tax legislation.

When is the 2024 Autumn Budget?

The 2024 Autumn Budget will be announced on Wednesday 30 October 2024.

What time does the Autumn Budget start?

Most previous Budget statements have commenced at approximately 12:30pm, directly after Prime Ministers questions.

When does the Autumn Budget take effect?

There is no specific rule on when the announced changes must take effect, and there will often be different start dates for different rule changes. In some cases, the new rules come into effect immediately, while in others, they may not apply until the new tax year on 6 April.

Who makes the Autumn Budget announcement?

The Chancellor of the Exchequer makes the Budget announcement. The Labour government’s Chancellor, Rachel Reeves, will make the 2024 Autumn Budget announcement.

What changes could affect me in the 2024 Autumn Budget?

The new Labour government have made it clear that we should expect to see some major changes in the 2024 Autumn Budget. It is looking to be a landmark budget, with the potential for sweeping changes to families, retirement savers, retirees and entrepreneurs.

We’ll be covering all the details as they happen on our Autumn Budget hub, as well as running two online events the day after the Budget. These will feature a panel of experts dissecting how the changes could impact your personal wealth, or your business.