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Budget Responsibility Act 2024 receives Royal Assent

On 10 September 2024 the Budget Responsibility Act 2024 (c. The Act imposes duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures. In the causal graph this event strengthens Reeves fiscal rules, a driver that weakens Having a say in government — a worsening welfare path.

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On 10 September 2024 the Budget Responsibility Act 2024 (c. 24) received Royal Assent. The Act imposes duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures. Rachel Reeves was chancellor.

Context

She had introduced the bill as one of the new government’s first fiscal-framework instruments. The OBR remains a neighbouring body.

10 September 2024 Royal Assent. Stored as one 10 September 2024 Fact. Keep Budget Responsibility Act 2024 receives Royal Assent on 2024-09-10 separate from neighbouring 5 July 2024 appointment, 29 July Winter Fuel announcement, 10 September Budget Responsibility Act, 16 September SI 2024/869, and 30 October 2024 Autumn Budget.

The Chancellor of the Exchequer can present a Budget, take a bill through the Commons, and announce a transfer change to Parliament. She does not sit as DWP’s laying officer on every SI, as the OBR, or as the previous chancellor. A 29 July announcement is not authorship of every later HMRC recovery. Sharing a cabinet with Keir Starmer is not a reason to drop SI 2024/869.

Why it matters

The path is the owned fiscal-rules driver: a completed statute binding fiscally significant announcements to OBR process.

Who was responsible

Contribution type and responsibility level for each recorded actor — not sole-author shorthand.

  • Rachel Reeves

    Person

    Direct responsibility

    verified

    She took the bill as chancellor. Sharing the OBR as a neighbouring body is not a reason to drop 10 September 2024.

What changed

Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.

    1. FactBudget Responsibility Act 2024 receives Royal Assent
    2. strengthensDriverReeves fiscal rules
    3. weakensIndicatorHaving a say in government
    Worsening path

    impact weight 1 · Effect from 10 September 2024 · verified

    A completed 2024 Budget Responsibility Act is a dated strengthening of Reeves fiscal-rule politics as statutory constraint.

    • Having a say in government

      via Reeves fiscal rules

      Worse

      Weakens · Relationship strength 0.55 (weight 1 × strength 0.55)

      Observed

      29.8% of population aged 16-65 years · 8.13 below the normal line (2023)

      Worse than normal

      Two readings: 30.2% of population aged 16-65 years (2021) and 29.8% of population aged 16-65 years (2023).

      20212023

      Above normal = better

Evidence

The sources behind this fact and its verification state.

Verified2 sources on file
  1. 1.GOV.UK — Autumn Budget 2024 neighbourhood under the new ActHM Treasury / GOV.UK · High credibility · verified
  2. 2.legislation.gov.uk — Budget Responsibility Act 2024 (c. 24)legislation.gov.uk · High credibility · verified
What the sources establish
  1. (https://www.legislation.gov.uk/ukpga/2024/24 (opens in a new tab); legislation.gov.uk).

legislation.gov.uk carries the official instrument or communique. HM Treasury / GOV.UK records the same dated act independently.

Established: The Act received Royal Assent on 10 September 2024.

Not established: A unique later borrowing integer as size, or that she writes OBR forecasts.

Sharing the OBR as a neighbouring body is not a reason to drop 10 September 2024.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies Budget Responsibility Act 2024 receives Royal Assent, not a later speech about Budget Responsibility Act 2024 receives Royal Assent.

Co-authors and later implementers named in Context remain on the file. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. The contribution described on this Person row is limited to She took the bill as chancellor. That limit is the alternative to treating office-holding as authorship of every later series.

Causal path

How this event connects to drivers and indicators in the graph.

  1. ActorRachel Reeves
  2. contributed toFactBudget Responsibility Act 2024 receives Royal Assent
  3. strengthensDriverReeves fiscal rules
  4. weakensIndicatorHaving a say in government

Cite this page

Factrail. (2026). Budget Responsibility Act 2024 receives Royal Assent. Factrail. https://factrail.ai/facts/uk-reeves-budget-responsibility-act-2024

https://factrail.ai/facts/uk-reeves-budget-responsibility-act-2024

Accessed 15 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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