The Autumn Budget 2024: Fixing the Foundations to Deliver Change, outlines the Government’s fiscal priorities and plans for ‘Phase 1’ of the Spending Review (focussing on spending in 2024/25 and 2025/26), ahead of ‘Phase 2’ in spring 2025, which will set out long-term plans.

This summary details the underpinning economic trends which influence the decisions made by the Chancellor, and future projections of economic performance. It digests the key announcements impacting universities, businesses, and innovation.