Loughborough Business School academics have analyzed Rachel Reeves' 2024 Budget, highlighting the positives of much-needed public investment while expressing concerns about the impact of National Insurance increases on business growth. The Chancellor's autumn statement aims to raise £40bn in taxes while allocating billions to school, the NHS, transport, and green energy, including £2bn for hydrogen schemes. Loughborough's Pro Vice Chancellor for Research and Innovation praised the government's focus on hydrogen, emphasizing its role in global decarbonization. Despite benefits for the economy, experts at Loughborough noted worries about slower growth and challenges for SMEs due to increased costs. The budget's emphasis on public spending and a £100bn capital investment boost over five years is expected to enhance productivity. The increase in the National Living Wage was welcomed, but concerns were raised about different rates for age groups. Overall, the analysis reflects a mix of appreciation for investments and caution regarding certain economic aspects.