On 30 October 2024, Chancellor Rachel Reeves delivered Labour’s widely anticipated first Budget in 14 years. Following her announcement of a “black hole” in the public finances, the need to renew the Treasury’s coffers while maintaining Labour’s manifesto promises seemed a tall order.

In the event Ms Reeves outlined a programme of around £41 billion worth of tax increases over the next five years, alongside plans to rebuild tottering infrastructure, the health service, schools and more. Any idea of a return to austerity was quashed, but how this will be achieved is very much in the detail.

We’ve prepared a summary that highlights the key aspects likely to affect you.

Download our Autumn Statement Report here