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Chancellor statement on public spending pressures

On Monday 29 July 2024, the Chancellor delivered a statement to the House of Commons on immediate public spending pressures facing the government.

From:
HM Treasury
Published
29 July 2024
Last updated
29 July 2024 — See all updates

The full text of the Chancellor’s statement can be found here.

The press notice accompanying the launch can be found here.

As part of the statement, the Chancellor announced:

  • the results of an audit of public spending undertaken by HM Treasury, immediate action to find savings in response, and long-term reforms to restore public spending control and improve public services
  • the date of the next Budget as Wednesday 30 October 2024 and formally commissioned an OBR forecast for this date
  • the launch of the next Spending Review which will settle 25-26 budgets alongside the Budget and conclude the multi-year Spending Review in spring 2025
  • acceptance of the recommendations of the independent Pay Review Bodies for public sector workers’ pay
  • the publication of next steps and draft legislation on priority tax commitments ahead of full announcement and costing at the Budget

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Updates to this page

Published 29 July 2024
Last updated 29 July 2024 + show all updates

  1. Added links to the full speech and press release.

  2. First published.