The much-anticipated Autumn Budget is nearly upon us, seeing the new government set out its economic agenda for the coming months.

Since Labour's landslide win in July, Prime Minister Sir Keir Starmer has warned that "difficult decisions" are needed to grow the economy and get public services "working again".

The Labour Party has accused the previous Conservative government of leaving a £22bn "black hole" in public finances.

With not long to go before the government sets out its financial plans, here is everything you need to know.

What is the Budget?

According to the Parliament website, the UK Budget is a statement made to the House of Commons about the country's finances and sets out proposals from the government.

This also includes a forecast for the economy by the Office for Budget Responsibility (OBR).

When will the 2024 Autumn Budget take place?

The 2024 Autumn Budget will be held on Wednesday, October 30 shortly after 12:30pm. This is expected to last approximately an hour.

The last budget was held under the previous government and took place during the last Parliament on March 6, 2024.

UK Chancellor Rachel Reeves is expected to deliver a 'tough' budget this autumn UK Chancellor Rachel Reeves is expected to deliver a 'tough' budget this autumn (Image: PA)

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How to watch the Autumn Budget

Those wishing to watch this year's Autumn Budget can do so on the BBC and BBC News website. It will also be available to stream on Parliament TV.

The budget will be delivered by Chancellor Rachel Reeves with the first phase of the statement typically beginning with a review of the nation's finances before setting out proposals from the government.