Vereinigtes Königreich von Großbritannien und Nordirland Staatshaushalte

UK Chancellor of the Exchequer Jeremy Hunt pledged to halve inflation, grow the economy and get debt falling in his Spring Budget. The government is providing a total of £94 billion, equivalent to £3,300 per household on average, across this financial year and next, to support households with higher costs. In particular, the Energy Price Guarantee scheme will remain in place for an additional three months, as expected. The government is also providing additional support for public services, including £5 billion for defence and national security priorities over the next two years, and £2 billion each year for defence for the remainder of the forecast period. According to Office for Budget Responsibility figures, the UK economy is set to contract by 0.2% this year, followed by growth of 1.8% in 2024; 2.5% in 2025; 2.1% in 2026; and 1.9% in 2027. Also, inflation is projected to fall to 2.9% by the end of 2023 from 10.7% in the final quarter of last year.