JEREMY Hunt has revealed he will set out the government’s Spring Budget 2024 on March 6.
The Chancellor has commissioned the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast to be presented to Parliament alongside the budget next year.
AlamyJeremy Hunt, Chancellor of the Exchequer, outside No 11 Downing Street[/caption]
Hunt will make his final pitch to voters ahead of the next general election which must be held by January 2025.
The budget statement will include the government’s tax and spending plans as well as new growth and borrowing forecasts and government debt issuance for the 2024/25 financial year.
The date for the budget was announced by the Treasury department on X on Wednesday.
The post read: “The Chancellor @Jeremy_Hunt has commissioned the @OBR_UK to prepare an economic and fiscal forecast to be presented to @UKParliament alongside his Spring Budget on 6th March 2024.”
Media reports in recent months have speculated the budget would contain further tax cuts, after Hunt set out business tax breaks in the Autumn Budget.
The Telegraph on Tuesday that Prime Minister Rishi Sunak was considering axing inheritance tax in three months time.
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