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