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UK Budget 2025: What tax rises and spending cuts could Rachel Reeves announce?
As Rachel Reeves' second budget fast approaches, speculation about tax rises and spending cuts is reaching fever pitch. On 26 November, the chancellor will set out her plan to address the UK's growing economic hole as the country deals with high inflation and higher-than-expected government borrowing. In mid-October, she told Sky News she was looking at both tax rises and spending cuts in the budget after she was briefed on the scale of the fiscal black hole she faces. She has signalled she will target asset-rich households, rather than earnings, as she said those with the "broadest shoulders" should contribute ... (full story)
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