2025 budget timelines released 2025 Budget SPEAKING Your voice, our community

Uk Budget 2025 Summary. UK budget breakdown and spending 7 Circles The current budget measures the difference between government current spending (day-to-day spending on running public services, grants and administration) and government revenues from taxes and other sources. Britain's Labour government announced plans on Tuesday to cut more than five billion pounds ($6.48 billion) from its welfare budget by 2029/30, seeking to tame a sharply rising bill despite unrest.

This was £1.0 billion less than in February 2024 and the lowest February deficit since 2022. The Library will publish a summary of the Spring Statement on the evening of 26 March 2025

Chart How has UK government spending changed since 2010? Statista

Initial estimates show that in February 2025, the current budget was in deficit by £3.3 billion The government has announced plans for major changes to the benefits system aimed at cutting the growing amount the UK spends on welfare. Initial estimates show that in February 2025, the current budget was in deficit by £3.3 billion

Budget 2025 Highlights Twila Ingeberg. March 06, 2025: The UK Chancellor has unveiled the 2025 Budget, introducing tax cuts and energy bill relief to support households and businesses amid economic pressures The current budget measures the difference between government current spending (day-to-day spending on running public services, grants and administration) and government revenues from taxes and other sources.

UK budget winners and losers the pound, gilts and stocks Reuters. The current budget, which is usually in deficit, can be considered as borrowing to fund day-to-day public sector activities The IMF now projects 1.1% growth for 2024, up from its previous estimate of 0.7% in July, and it reaffirmed its 1.5% growth forecast for 2025.