New budget could lead to a higher surplus in the future

Budget balance, £bn

March 2024 forecast

October 2024

October 2024 without direct impact of policy

changes

40

20

Surplus

0

Deficit

-20

-40

-60

2023-

24

2024-

25

2025-

26

2026-

27

2027-

28

2028-

29

2029-

30

Budget balance, £bn

March 2024 forecast

October 2024

October 2024 without direct impact of policy changes

40

20

Surplus

0

Deficit

-20

-40

-60

2023-24

2024-25

2025-26

2026-27

2027-28

2028-29

2029-30