We are presence before you on the update about what time is the budget today? In UK. Rachel Reeves is set to announce £35bn in tax increases during the live Budget 2024.

After emerging on the steps of Downing Street, the chancellor lays out proposals to boost the economy.

The UK's first budget given by a female chancellor, Rachel Reeves, made an appearance on the steps of Downing Street with the traditional red box before her first budget.

It is anticipated that Ms. Reeves will pledge to "invest, invest, invest" in order to "fix public services" in Wednesday's budget, following months of alerting the public to the "tough choices" that lie ahead.

Just hours before the first Labour Budget in fourteen years, the midcap FTSE 250 sank by 0.2% and the FTSE 100 plunged by 0.5%.

"My belief in Britain burns brighter than ever," Reeves is anticipated to say during her remarks at 12.30 p.m. And there is a huge reward up for grabs today.People have more money in their pockets. The only way to raise living standards is to have an NHS that is there when you need it and an economy that is expanding and giving everyone access to riches and opportunities.

And making constant investments is the only way to stimulate economic growth. There are no shortcuts. We must reestablish economic stability in order to deliver that investment.
The Treasury announced Tuesday night that the minimum wage will rise to £12.21.

KEY POINT OF BUDGET:

• Before presenting Labour's first budget in fourteen years, Chancellor Rachel Reeves isshown holding the chancellor's traditional red box.
• After Prime Minister's Questions at 12:00 GMT, Reeves, the first female chancellor of the United Kingdom, will present the budget statement in the House of Commons at 12:30 GMT. Watch the live build-up above.
• Her frequent warnings that it will require "difficult decisions" include the expectation of tax increases and budget cuts totaling £40 billion.
• The chancellor has previously stated that the minimum wage will increase in April, with over-21 workers expected to earn £12.21 per hour.

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