Spring Budget 2024
This is the Spring Budget 2024 in full. You can find supporting and related documents below.
Documents
Details
The Chancellor of the Exchequer presented his Spring Budget to Parliament on Wednesday 6 March 2024.
Distributional Analysis
This document sets out the estimated impact of changes to tax, welfare and public service spending policy that carry a direct, quantifiable impact on households. It also presents estimates of the overall level of tax paid and public spending received by households.
Policy costings
This document sets out the assumptions and methodologies used in the government’s costing of policy decisions announced since Autumn Statement 2023. For each decision it contains a description of the measure, the base, and the methodology for the costing (including relevant adjustments for behavioural responses). It highlights main areas of additional uncertainty.
Data sources
This document sets out the data sources used in charts, tables and text in the Spring Budget 2024 document. This should be read in parallel to the references contained in the Spring Budget 2024 document.
Table 5.1 Spring Budget 2024 Policy Decisions
Table 5.1 shows the cost or yield of all government decisions accounted for at Spring Budget 2024 which have a direct effect on Public Sector Net Borrowing (PSNB) in the years up to 2028-29. This includes tax measures, changes to aggregate Departmental Expenditure Limits (DEL) and measures affecting annually managed expenditure (AME).
Table 5.2 Spring Budget 2024 Measures announced at Autumn Statement 2023 or earlier that will take effect from April 2024 or later
Table 5.2 shows the cost or yield of all announced government policy decisions that will take effect from April 2024 or later, with a direct effect on Public Sector Net Borrowing (PSNB), costed using the determinants from the OBR’s March 2024 forecast in the years up to 2028-29. This includes tax measures, and measures affecting annually managed expenditure (AME).
Also publishing alongside Spring Budget 2024:
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Spring Budget 2024: Non-UK domiciled individuals - Policy Summary
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Seizing the Opportunity: Delivering Efficiency for the Public
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Private Intermittent Securities and Capital Exchange System (PISCES): Policy Paper
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Taxation of environmental land management and ecosystem service markets: Consultation response
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Spring Budget 2024: Overview of tax legislation and rates (OOTLAR)
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Stamp Duty Land Tax: mixed-property purchases and Multiple Dwellings Relief
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Stamp Duty Land Tax Relief for Multiple Dwellings Evaluation
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Cryptoasset Reporting Framework and Common Reporting Standard
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Addressing Water Scarcity in Greater Cambridge: Update on Government Measures
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Joint Statement on Addressing Water Scarcity in Greater Cambridge
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Written statement to Parliament - Revised National Networks National Policy Statement
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Consultation outcome - Draft revised National Networks National Policy Statement
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Appraisal of sustainability for National Networks National Policy Statement
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National Networks National Policy Statement habitats regulation assessment
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Contracts for Difference Allocation Round 6 Statutory Notices
Last updated 6 March 2024 + show all updates
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The following documents have been added: Written statement to Parliament - Revised National Networks National Policy Statement, Consultation outcome - Draft revised National Networks National Policy Statement, National Networks National Policy Statement, Appraisal of sustainability for National Networks National Policy Statement, National Networks National Policy Statement habitats regulation assessment, and Government response to Transport Committee report on draft revised National Networks National Policy Statement
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First published.