Today (Wednesday 3 September), the Chancellor has confirmed that
the date of the Budget will be Wednesday 26 November.
In a video
message posted this morning, the Chancellor of the Exchequer,
said:
Britain's economy isn't broken. But I know it's not working well
enough for working people.
Bills are high. Getting ahead feels tougher. You put more in, get
less out. That has to change.
We've got huge potential - world-leading brands, dynamic
industries, brilliant universities, and a skilled workforce.
We're a global hub for trade.
Fixing the foundations has been my mission this past year.
We raised the minimum wage for three million people.
Cut NHS waiting lists.
Started tearing up planning rules to build 1.5 million new
homes.
Promised billions more for the country's infrastructure.
Secured trade deals with the US, India, and the EU.
And changed Treasury rules so investment reaches every part of
the country.
But I'm not satisfied. There's more to do.
Cost of living pressures are still real.
And we must bring inflation and borrowing costs down by keeping a
tight grip on day to day spending through our non-negotiable
fiscal rules.
It's only by doing this can we afford to do the things we want to
do.
If renewal is our mission and growth are our challenge.
Investment and reform are our tools.
The tools to building an economy that works for you - and rewards
you.
More pounds in your pocket. An NHS there when you need it.
Opportunity for all.
Those are my priorities.
The priorities of the British people.
And it is what I am determined to deliver.
More information
- Watch the Chancellor's
announcement video.
- The Chancellor's first job was to fix the foundations. That
has meant backing working people with a National Living Wage rise
benefiting three million workers, strengthening public services
by starting to bring down NHS waiting lists, and unlocking growth
through planning reform and an additional £120 billion investment
in Britain's infrastructure. At the same time, the Government has
secured Britain's place in the world with new trade deals with
the US, India and the EU.
- Our stewardship of the economy has also helped the Bank of
England cut interest rates five times, which means lower mortgage
payments and cheaper borrowing for families and businesses. With
the foundations repaired and stability restored, the next Budget
will turn to the long-term reforms Britain needs to unlock growth
and ensure it works for working people.
