Image source: HM Treasury, Flickr
See what the new Labour Government included in their first budget and how stakeholders reacted.
Chancellor Rachel Reeves delivered the new Labour Government’s first budget on 30 October 2024. Headline measures included:
- An increase in Capital Gains Tax
- An increase in employers’ National Insurance contributions
- The extension of the windfall tax on oil and gas firms
- An increase to the bus fare cap
- Additional funding for the NHS
This report created by the Dods UK Political Consultant team provides a comprehensive sector-by-sector breakdown of the October 2024 budget announcements. The report also contains a range of stakeholder reactions to the measures.
Want to understand how the latest budget announcement will impact businesses, individuals, and the broader UK economy? Then make sure to join us for our in-depth webinar on the 2024 UK Budget taking place Monday 4th November at 2pm:
Register for the 2024 UK Budget webinar
To view the full 2024 UK Budget report, please fill out the form below.