When Is The Budget 2024 Ukg. In a measure already trailed by the uk government, ms reeves confirmed that minimum wages will rise, with rates for those over the age of 21 poised to increase to £12.21 an hour. The positioning ahead of this budget was all about tough political choices with a claimed black hole of £22 billion and public services in need of.

Key points at a glance reuters chancellor rachel reeves has delivered labour’s first budget since 2010, after the party’s return to power in july’s general. She confirmed that this budget represents a tax raise of £40.