Chancellor statement on public spending pressures

As part of the statement, the Chancellor announced:

• the results of an audit of public spending undertaken by HM Treasury, immediate action to find savings in response, and long-term reforms to restore public spending control and improve public services
• the date of the next Budget as Wednesday 30 October 2024 and formally commissioned an OBR forecast for this date
• the launch of the next Spending Review which will settle 25-26 budgets alongside the Budget and conclude the multi-year Spending Review in spring 2025
• acceptance of the recommendations of the independent Pay Review Bodies for public sector workers' pay
• the publication of next steps and draft legislation on priority tax commitments ahead of full announcement and costing at the Budget

Collection

• Fixing the foundations: public spending audit 2024-25

  • 29 July 2024
  • Policy paper

• Chancellor letter to Richard Hughes: Forecast commission and spending audit