When will Labour's first Budget happen?

We now know the date for when chancellor Rachel Reeves will publish her first Budget. When is it and what could be announced?

Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street
(Image credit: Photographer: Hollie Adams/Bloomberg via Getty Images)

Chancellor Rachel Reeves revealed the date of her first Budget today, while launching a scathing attack on the economic inheritance left behind by the Conservatives.

Speaking to the House of Commons as she unveiled her spending audit, Reeves accused the previous government of creating a £22 billion black hole in the public finances.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.