Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid November 26, 2025 Welcome back to the City PM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Budget Day: The good, the bad and the ugly November 26, 2025 It seems as if we’ve been speculating about the contents of today’s Budget since the moment Rachel Reeves sat down after delivering her first one, just over a year ago. Since then, unemployment has risen (every month) and growth rates have slumped quarter-to-quarter from 0.7 per cent to 0.3 per cent to 0.1 per cent. [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
Rachel Reeves to slap wealth tax on £2m homes November 24, 2025 Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]
UK government borrowing overshoots in Budget blow November 21, 2025 UK government borrowing exceeded expectations in October, with benefits and public sector wages intensifying pressures on the public purse ahead of Rachel Reeves’ Budget next Wednesday. The Office for National Statistics showed that public sector net borrowing had reached £17.4bn in the last set of public finances data that government officials will see before Wednesday’s [...]
Budget chaos isn’t a game, it’s caused real harm November 20, 2025 It’s been the longest run-up to a Budget anyone can remember, it started just after the last Budget, so how much damage has this chaos caused? In her first speech as Chancellor in the first week of July last year, Rachel Reeves used the word stability 8 times. She pledged to “deliver economic stability” and [...]
OBR questioned on Reeves’ flip-flopping and forecast changes November 20, 2025 The Office for Budget Responsibility (OBR)’s chief has been questioned on whether he dramatically upgraded forecasts midway through the Chancellor’s Budget planning, affording Rachel Reeves as much as a £10bn swing in headroom projections and allowing her to abandon plans to raise income taxes. Shadow Chancellor Mel Stride has written to Richard Hughes, chair of [...]
‘Shenanigans’: Did the OBR save Reeves from hiking income taxes at the Budget? November 18, 2025 For weeks, Chancellor Rachel Reeves had been engaged in an extraordinary communications exercise of expectation management, leading Brits to believe that income tax was about to hiked for the first time in 50 years. In an unusual press conference earlier this month, she told journalists that everyone would have to contribute to the Labour government’s [...]
Hotels and shops to be hit by fresh Reeves tax raid November 17, 2025 Hotels and supermarkets are set to be hit by extra taxes at the upcoming Budget as Chancellor Rachel Reeves hopes to raise more than £20bn in taxes. Reeves is planning to allow mayors to hit holidaymakers with an overnight levy on hotel and rental home stays at the Budget, opening up new cash streams for [...]
Productivity growth twitchy in wake-up call for OBR and Reeves November 13, 2025 Productivity levels stuttered in the third quarter of the year, an initial estimate has shown, subverting the Chancellor’s hopes of boosting output in the UK economy. The Office for National Statistics (ONS) said on Thursday morning that quarterly growth in output per hour rates was 0.7 per cent, the highest level since the end of [...]
