You be the chancellor: play our budget game to see if you can balance the books
Reported by The Guardian Business, not nibnow. We are not the publisher of this story, only the source is.
The upcoming autumn budget will determine how much tax you pay, which public services are funded, and whether investors remain confident in the government's ability to meet its debts.
See if you can do a better job than John Healey at creating a budget that keeps MPs and the bond markets onside On 28 October, John Healey will announce the autumn budget to parliament. As in all years, the chancellor has to strike a balance between the following: Raising the money needed to fund the services that voters demand. Keeping taxes at levels that are acceptable to voters. Persuading the government’s creditors in the bond markets that it will continue to be able to pay its debts. Conti
In the UK, the Chancellor of the Exchequer presents the annual budget, setting tax rates, spending priorities, and borrowing plans, which directly affect voters and financial markets.
- •The autumn budget announcement by John Healey on 28 October
- •Reactions from bond market investors after the budget is released
- •Any changes to tax rates or public spending announced in the budget