Spring Budget Briefing 2024
The Spring Budget Briefing, presented on 6 March 2024 by Chancellor Jeremy Hunt, delivers crucial insights into the UK Government's economic strategies and policy initiatives for the coming year.
Created: 7 June 2024
Last Reviewed: 7 June 2024
Contents
Introduction
The Spring Budget Briefing, presented on 6 March 2024 by Chancellor Jeremy Hunt, delivers crucial insights into the UK Government’s economic strategies and policy initiatives for the coming year. Amidst an optimistic economic forecast, with anticipated declines in inflation and unemployment, the budget introduces significant investments and reforms across various sectors.
Economic Outlook
The Office for Budget Responsibility (OBR) forecasts inflation to fall to an average of 2.2% in 2024 and 1.5% in 2025, with unemployment peaking at 4.5% in 2024 before declining to 4.1% by 2028.
Housing and Planning
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