2024-25 Uk Budget Deficit. Michael mcmahon, professor of economics at the university of oxford, outlines the key points from the uk government’s autumn budget 2024, announced today. Britain is likely to be running an annual deficit of 5 per cent of national income by the time of the next election in 2024 as the effects of coronavirus persist in undermining public.
Finance minister jeremy hunt on wednesday announced a lower forecast for britain’s budget deficit in the current financial year, but a slightly higher one for 2024/25, citing. Labour’s claim that the government inherited a “£22 billion black hole” from the conservatives has been at the heart of political debate since the election, and has dominated.