AN ANAYSIS OF THE UK AUTUMN BUDGET FOR 2024
AN ANAYSIS OF THE UK AUTUMN BUDGET FOR 2024 The UK Autumn Budget for 2024, delivered by Chancellor Rachel Reeves, outlined several key measures aimed at shaping the country's fiscal landscape amidst ongoing economic challenges. Healthcare Funding: A £22.6 billion increase in the day-to-day NHS budget and £3.1 billion in capital expenditure for 2024-2025 aims to address growing demands and bolster long-term care infrastructure. Reeves confirmed a focus on increasing NHS productivity by 2% annually, with additional investment to tackle waiting lists and improve appointment access. Housing and Property: A £5 billion investment was announced for housing development, with a promise to build 1.5 million new homes during the current parliament. The government also targeted the housing market with a rise in stamp duty for second homes and landlords, increasing the surcharge from 3% to 5% to help ease competition for first-time buyers Tax Changes: There were notable shifts in capital gain...