First Budget post the General Election V2 Updated
- The newly formed Labour Government has committed to including a forecast from the Office of Budget Responsibility (OBR) within their first Budget which therefore requires a 10 week notice period to be put together. On that basis the earliest date on which the Budget could take place is mid- September 2024.
What might the new Government do from a tax perspective?
- The recent Labour party manifesto, plus other related party publications and recent comments made by senior members of the Labour party, may give us an inkling as to what to expect in the forthcoming Budget or even over the next 5 years.
- Based upon that information, political and tax analysts have provided their predictions which are shown below.
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