Loughborough University academics have responded positively to Rachel Reeves' 2024 Budget, particularly welcoming the focus on green growth and investment in hydrogen technologies to achieve net zero emissions. The Budget includes plans to raise £40bn in taxes, with significant investments in sectors like education, healthcare, transport, and the environment. Professor Dan Parsons emphasized the importance of hydrogen in the decarbonization journey and praised the government's commitment to hydrogen solutions. However, concerns were raised by business experts at Loughborough regarding the potential negative impact of increased National Insurance contributions on small and medium-sized enterprises. The Budget also outlined a substantial increase in public spending, aiming to boost economic stimulation and enhance public services. Additionally, the announcement of a 6.7% increase in the National Living Wage was met with approval, although experts noted the need for further improvements in wage rates for all age groups. Overall, while the Budget received positive feedback for its green initiatives and investments, there were also concerns raised about certain aspects affecting economic growth and business confidence.