UK Budget 2024: How Chancellor Rachel Reeves' Spending Plans Hit Young People, Housing and Wages

Chancellor Rachel Reeves' latest Budget introduces measures that will ripple through the finances of young people across the UK, from housing costs to wage growth. The BBC's Esyllt Carr breaks down the key changes, including adjustments to the minimum wage, shifts in housing support, and new tax policies that could shape career choices and living standards for under-30s. With inflation still squeezing household budgets, these decisions matter because they directly affect take-home pay, rental affordability, and long-term savings potential for a generation already facing economic headwinds. The Budget's focus on public spending and investment signals a shift in fiscal strategy, but its success will hinge on whether young workers see real improvements in job security and disposable income. As the policies roll out, analysts will watch closely whether they ease the cost-of-living crisis or add new pressures to an already strained demographic.