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Explained in plain English

What is a Budget?

The Budget is when the Chancellor of the Exchequer, the UK's finance minister, announces the government's plans for spending and taxation for the year ahead. It's a big deal because it affects everything from your income tax to the price of a pint. The Prime Minister's hint about business rates relief would be announced there.

Stories that explain this

Prime Minister Andy Burnham visits Devon to hear from small businesses Andy Burnham states Wednesday's budget will be challenging Burnham’s £14bn tax hike fears after market turmoil

Related explainers

Who is Andy Burnham? Why avoid speculation? What are business rates? What is fiscal strategy? What are gilts? What is the global economic picture? Why global markets matter What are government borrowing costs?

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