What is the Budget and when is it announced?

This year’s Spring Budget will take place on Wednesday, 6 March. But what is a government Budget, and what time will it be announced?

Number 11 Downing Street
(Image credit: © Getty Images)

You’ve seen the little red box. You’ve heard mutterings of the infamous 2022 mini-Budget that sent your mortgage rate sky high. 

You may have even noticed that your pay packet increased slightly from 6 January as a result of National Insurance cuts made in last year’s Autumn Statement

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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.