Autumn Budget 24: Government to raise taxes by £40bn to plug UK's fiscal hole

Labour's first Budget in 14 years

Valeria Martinez
clock • 3 min read

Chancellor Rachel Reeves has presented a pivotal Budget for the UK’s new Labour government, aiming to plug the country’s fiscal "black hole" while investing in critical infrastructure and public services.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Gloomy outlook on UK inflation continues in BoE survey
UK

Gloomy outlook on UK inflation continues in BoE survey

BoE interest rate decision due next week

Michael Nelson
clock 12 September 2025 • 2 min read
Outlook 'less than rosy' as UK GDP flatlines in July
UK

Outlook 'less than rosy' as UK GDP flatlines in July

Tough decisions ahead for the Chancellor

Michael Nelson
clock 12 September 2025 • 2 min read
Friday Briefing: Could just one OBR report be enough?
UK

Friday Briefing: Could just one OBR report be enough?

Friday Briefing

Eve Maddock-Jones
clock 08 September 2025 • 8 min read
Trustpilot