Policy paper

Spring Budget 2024

This is the Spring Budget 2024 in full. You can find supporting and related documents below.

This was published under the 2022 to 2024 Sunak Conservative government

Documents

Spring Budget 2024 (web)

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Spring Budget 2024 (print)

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Impact on households: distributional analysis to accompany Spring Budget 2024

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Spring Budget 2024: Policy Costings

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Spring Budget 2024: Data Sources

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Table 5.1 Spring Budget 2024 Policy Decisions

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Table 5.2 Spring Budget 2024 Measures announced at Autumn Statement 2023 or earlier that will take effect from April 2024 or later

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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:

Updates to this page

Published 6 March 2024
Last updated 6 March 2024 + show all updates
  1. 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

  2. First published.

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