Budget 2024 LIVE as Rachel Reeves set to announce tax hikes to help fund NHS investment

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The Budget News

Labour Party,Scottish National Party,Taxes

The Labour Chancellor is expected to hand billions of pounds to the health service when she announces the UK Government's long-awaited Budget later today.

The Chancellor must “immediately and significantly” increase funding for Scotland in the Budget, John Swinney has said. Ahead of today's Budget, the SNP leader pushed the Chancellor to boost cash for Scotland. Speaking to business leaders at a reception last night Mr Swinney said: "The Office for Budget Responsibility highlighted recently the potential for public investment to deliver permanent improvements in the economy.

“It is welcome that my calls for the Chancellor to amend her fiscal rules have been heard, with indications last week that there will be scope for greater investment. “The Chancellor has the chance to choose to deliver a UK Budget that invests in our public services and supports the entrepreneurial spirit displayed in Scotland’s business sector.

“With these new rules in place, the Chancellor must use the fiscal headroom they create to deliver a Budget that immediately and significantly enhances Scotland’s resource and capital funding, enabling us to invest more in our public services and take forward the vital infrastructure projects that support economic growth, net zero, and action to tackle child poverty.”

 

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