Chancellor John Healey has set out the government's tax and spending plans in his Budget – the first since Andy Burnham became prime minister.
The BBC's Joe Pike outlines what the key points are and how they will be funded.
Watch: What are the key points from the Budget and how will they be funded?
In short
Chancellor John Healey has formally presented the government's tax and spending proposals in his latest Budget announcement. The event serves as the inaugural Budget to be delivered since Andy Burnham took office as prime minister. It outlines the administration's primary policy measures while specifying how the associated spending plans will be funded. Additionally, BBC reporter Joe Pike has detailed an overview of these critical proposals and their financing structures.
Key points
- The newly delivered Budget establishes the economic priorities for Andy Burnham's governm…: The newly delivered Budget establishes the economic priorities for Andy Burnham's government.
- The government has formally clarified the specific mechanisms intended to finance its spe…: The government has formally clarified the specific mechanisms intended to finance its spending measures.
- Analysis from the BBC's Joe Pike has broken down the central elements of the fiscal plan.: Analysis from the BBC's Joe Pike has broken down the central elements of the fiscal plan.