When Is Budget 2024 Time. Chancellor rachel reeves is set to unveil the government's budget on 30 october, and rumours are swirling about what changes will be made to plug a £22bn black hole in the. Office for budget responsibility forecasts say inflation will average 2.5% this year, 2.6% in 2025, 2.3% in 2026, 2.1% in 2027 and 2028 before.
The office for budget responsibility has nudged up the growth forecast in 2024 and 2025. The government will run a deficit of £26.2bn in 2026, but will achieve a surplus of £10.9bn in 2027.