What does the Budget mean for you? November 26, 2025 Rachel Reeves’ second Budget has been the most closely watched in recent memory, with media briefings and soundings on all sides. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on from last year’s £40bn. They will go up to well over 38 per cent of GDP by 2030, the OBR [...]
The pension triple lock won’t ‘last forever’, warns Labour MP November 26, 2025 A Labour MP has admitted that the pension triple lock won’t “last forever”, as the Budget fails to mention an end to the controversial scheme. Speaking live to City PM‘s Christian May and Alys Denby, Chris Curtis, MP for Milton Keynes North, said that the “triple lock inevitably cannot last forever”. He said: “That is [...]
Autumn Budget: Pay-per-mile tax ‘completely wrong move’ November 26, 2025 Chancellor Rachel Reeves has hit electric vehicles with a pay-per-mile tax which will cost the average driver £255 per year and raise £1.1bn for the Treasury. Reeves delivered the expected 3p pay-per-mile tax for electric vehicles (EVs) at today’s Budget, which she framed as a fairness measure to balance the costs facing drivers. The OBR, the independent fiscal [...]
Autumn Budget: Don’t let OBR gaffe mask Labour’s own mistakes November 26, 2025 The OBR's mistake was spectacular but accidental. The same can't be said for Labour, whose Budget missteps will do nothing to shift the economy.
Budget: Octopus boss Greg Jackson hails cuts to energy bills November 26, 2025 Octopus Energy boss Greg Jackson has hailed the cuts to energy bills announced in today’s Budget, as the Chancellor slashed multiple renewable levies. Jackson welcomed the energy bill cuts as a “positive step” as Rachel Reeves described energy costs as “one of the greatest drivers of the rising cost of living”. Reeves said she will scrap [...]
Budget: Kemi Badenoch slams ‘shameless’ Rachel Reeves November 26, 2025 The mood in the House of Commons morphed from rowdy to somewhat tense following the Budget, as Kemi Badenoch launched a series of scathing political and personal attacks on Rachel Reeves. The Conservative leader slammed the Chancellor’s position as “untenable”, and her fiscal announcements as a “Budget for Benefits Street”. Badenoch said: “I hope she [...]
Autumn Budget: Reeves splurges £12bn on welfare as two-child benefit cap ditched November 26, 2025 The UK’s fiscal watchdog has forecast welfare spending to soar over the next few years after the Labour government ditched plans to reform the welfare state. The Office for Budget Responsibility (OBR), which accidentally published its report before the Budget, has said welfare spending will rise by £12bn in the fiscal year 2029-30, when compared [...]
Rachel Reeves’ Budget was Labour to the core November 26, 2025 Cheered by backbenchers, Reeves' headline pledge to scrap the two child benefit cap made for a party-appeasing Budget, writes Douglas Beattie.
Autumn Budget: Salary sacrifice pension contributions capped November 26, 2025 Chancellor Rachel Reeves has ripped up the salary sacrifice scheme regime, to the chagrin of both employers and employees, and could potentially put Brits’ pension savings at risk. Salary sacrifice allows employees to give up a portion of their salary for other benefits, such as childcare vouchers and electric vehicle grants, reducing total income and [...]
OBR warns Budget leaves UK ‘vulnerable’ as tax burden hits all-time high November 26, 2025 The UK’s public finances have been left in a vulnerable position, the UK’s fiscal watchdog has warned in a damning verdict of Rachel Reeves’ Budget. In a report accidentally published before the Budget was announced, the Office for Budget Responsibility said Reeves’ spending plans leave the UK spending more on debt interest than at almost [...]
