Main content

Why do we have Budgets?

Everything you need to know about Budget Day, and how the Chancellor's announcements could affect your finances.

Say 鈥淏udget Day鈥 and you might think of various Chancellors over the years holding up that famous red briefcase in Downing Street -- but Budgets are more than just a photo opportunity. They tell us whether we're going to be better - or worse off.

But why do we have Budgets? Will the Chancellor put up taxes? What about public sector pay?

For 5 Questions On, the 麻豆官网首页入口's economics correspondent, Dharshini David, explains all you need to know.

(Image: Getty/Dan Kirkwood)

Release date:

Available now

8 minutes