The Chancellor, Rachel Reeves, will present the first budget of the new parliament on 30 October 2024 laying out the fiscal plans for the Labour government. The Prime Minister has already warned that this budget will be “painful” but just how painful will it be? In this video, I look at the options open to them and discuss what I think the most likely outcome may be.

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Timestamps
00:00 Introduction
00:30 Why Does The Budget Matter?
01:56 What Problems Does The UK Face?
04:07 What We Know So Far
07:36 What Might Change
07:52 Capital Gains Tax
10:24 Inheritance Tax
12:09 Council Tax/Stamp Duty
14:31 Pensions
15:48 New Taxes
17:23 Fuel Duty
18:35 ISAs
19:52 Conclusion

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DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

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