Budget news 2024: What's in store for you?

The budget for 2024 is just around the corner, and it's set to be a big one. The government has promised to make a number of changes to taxes, spending, and other economic policies. But what does this mean for you?

Here's a look at some of the key changes that are expected to be announced in the budget:

• Taxes: The government has said that it will raise taxes by £40 billion over the next five years. This is likely to mean higher income tax, National Insurance, and VAT rates.
• Spending: The government has also said that it will increase spending on public services by £20 billion over the next five years. This is likely to mean more money for the NHS, education, and social care.
• Other economic policies: The government is also expected to announce a number of other economic policies, such as changes to welfare benefits and the minimum wage.

These are just some of the key changes that are expected to be announced in the budget. It's important to note that these are just proposals at this stage, and the final details may change. However, it's worth being aware of these potential changes so that you can start planning for the future.

The budget is a complex document, and it's not always easy to understand all of the implications. However, there are a number of resources available to help you, such as the government's own website and the websites of independent think tanks.

If you're not sure how the budget will affect you, it's worth speaking to a financial adviser. They can help you understand the changes and make sure that you're making the right financial decisions for your future.