2024 Budget. In cbo’s projections, real consumer spending increases by 1.3 percent in 2024, roughly half of last year’s growth rate, and then rebounds in 2025 to grow by 1.9 percent. The positioning ahead of this budget was all about tough political choices with a claimed black hole.

Chancellor rachel reeves has finally unveiled the budget for 2024. We have a new government, a new chancellor and an outline of a new industrial strategy.