Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Rachel Reeves has delivered her first Budget as Chancellor, announcing an extra £1.5billion pounds for Stormont and confirming that City Deals for the Causeway Coast and Mid South West will go ahead after being controversially paused.
The long-awaited announcement outlined plans to increase taxes by £40billion – the biggest tax-raise in the UK in 30 years.
The Chancellor reiterated Labour’s pledge that taxes will not hurt “working people”, but how will Wednesday’s budget announcement impact business owners, workers and consumers?
Key takeaways from the 2024 Budget:
Whilst many fiscal responsibilities rest with Westminster, Stormont’s budget is allocated based on the funding announced for England using the Barnett formula and spent on services such as health, education and transport.
What’s in it for Northern Ireland specifically?
Catch up with the latest UTV Live on ITVX
Want a quick and expert briefing on the biggest news stories? Listen to our latest podcasts to find out What You Need To Know.
English