On 30 October 2024, Chancellor Rachel Reeves presented her first budget to parliament. This was a budget intended to restore stability to our economy and to begin a decade of national renewal. Investment will be funded by revised debt rules to facilitate additional borrowing and a hefty £40 billion of tax rises.

The National Living Wage and the National Minimum Wage are increased from 1 April 2024. Read this article to find out the new rates applying from that date.