US EditionChancellor Rachel Reeves will deliver Budget on 26 November
The Budget aims to address a £50 billion financial shortfall with tax rises and productivity measures to manage inflation and support working households, officials said.
- Chancellor Rachel Reeves will deliver her second Autumn Budget on November 26 in the UK amid ongoing economic challenges.
- The Budget was postponed from an earlier date due to rising long-term borrowing costs, which hit 27-year highs and pressured government finances.
- Reeves faces a significant fiscal shortfall estimated at £40-41 billion, prompting planned tax increases and potential changes to inheritance and capital gains taxes.
- Paul Barham noted that with the government having dismissed the option to reduce expenditures or raise income tax and VAT rates, it is highly likely that other tax increases will be introduced.
- The Budget's outcomes will affect inflation control, public spending, and economic growth, with markets signaling concern over the government's fiscal stability.
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87 Articles
Allegra Stratton: Late Budget Means not-so-Golden Quarter in UK
Finally we have a day: the Budget will be on the 26th of November, the Treasury announced this morning. While the daily speculation about threats to your finances will not end yet, the speculation now at least has an end date.
'Brace yourself!' Jasmine Birtles breaks down likely tax raids coming from Rachel Reeves as Budget date CONFIRMED
Chancellor Rachel Reeves has confirmed this year's Autumn Budget will fall on November 26, 2025 with economists predicting further tax rises will likely be necessary to balance the books
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UK govt pledges to keep grip on spending ahead of budget
Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech.
London wants to plug budget holes. New debt and tax increase are unpopular. Reductions would cause protest. By November, government must have made a decision who it wants to burden.
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