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Chancellor Rachel Reeves plans to announce tax increases targeting high earners and partnerships, alongside spending cuts, in her November budget. The measures aim to address a £30-50 billion fiscal gap worsened by Brexit and austerity, with proposals including a partnership charge, mansion tax, and inflation measures.
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As of November 2025, the UK faces a worsening housing crisis with social housing waits extending up to 200 years in some areas. The government has cut affordable housing quotas in London from 35% to 20% to accelerate construction, while plans to move asylum seekers from costly hotels to disused military barracks have sparked local opposition and cost concerns. Despite increased construction starts, current rates fall far short of Labour's 1.5 million homes target, with social housing delivery particularly lagging.
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Reform UK leader Nigel Farage has outlined plans for modest tax cuts, deregulation, and a focus on becoming a pro-business government. The party aims to remove inheritance tax from family farms, raise tax thresholds, and reassess public sector benefits, amid concerns over economic stability and Brexit's impact. The proposals face criticism from Labour and Conservatives.
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Rachel Reeves faces a £20bn fiscal gap in next month’s budget due to a downward revision of UK productivity forecasts by the Office for Budget Responsibility. The downgrade, driven by Brexit, austerity, and the pandemic, increases pressure on tax rises and spending decisions amid economic challenges.
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The UK government faces a complex budget ahead, balancing rearmament costs, economic recovery, and environmental protections. Labour criticizes Brexit's economic impact, while tensions with the EU over environmental standards threaten trade relations. The government aims to boost growth amid inflation and security concerns.
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Chancellor Rachel Reeves has indicated that her upcoming November 26 Budget will include tax increases, breaking Labour's manifesto promises. She cited global and domestic economic pressures, including downgraded productivity forecasts, as reasons for the tough fiscal decisions. Reeves emphasized her focus on NHS, cost-of-living, and debt reduction priorities.
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As of December 2025, the UK government is expanding its Electric Car Grant by £1.3bn and adding £200m for charging infrastructure to support EV adoption. This comes amid stalled EV demand due to high upfront costs and plans for a new pay-per-mile tax on EVs from 2028, sparking industry concerns about potential market slowdown.
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UK Chancellor Rachel Reeves has reversed plans to raise income tax ahead of the November 26 budget, citing improved economic forecasts. The move unsettled markets, causing bond yields to rise and the pound to fall, amid fears over fiscal credibility and political stability.
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On 26 November 2025, UK Chancellor Rachel Reeves announced the abolition of the two-child benefit cap, effective April 2026. The policy, introduced by the Conservatives in 2017, limited child tax credits to two children per family and contributed to rising child poverty. The repeal is expected to lift 450,000 children out of poverty, funded by new taxes including a gambling levy and mansion tax.
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The UK government announced plans to ease planning rules, allowing development near transport hubs and on green belt land. The reforms aim to accelerate the building of 1.5 million homes by 2029, with ministers gaining final approval powers for large projects. The move faces criticism from opponents concerned about green space protection.
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Energy bills in the UK will increase by 0.2% in early 2026, driven by policy costs despite falling wholesale prices. The price cap will rise to £1,758 annually for typical households, with further increases expected in April due to network and policy levies. The government is considering support measures in the upcoming budget.
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UK public sector borrowing reached £17.4 billion in October, slightly lower than last year but still the third highest for October on record. Total borrowing for the year so far is £116.8 billion, exceeding forecasts and raising concerns about fiscal stability ahead of the November 26 Budget.
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UK Chancellor Rachel Reeves is set to deliver her budget amid economic uncertainty, with expected tax hikes, spending cuts, and reforms to property taxes. The government faces pressure to balance public finances while avoiding market instability and political backlash, as debates over tax policy and growth strategies intensify.
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UK Chancellor Rachel Reeves faces a chaotic pre-budget period marked by leaks, policy U-turns, and market uncertainty. With a black hole in public finances and political pressures, her upcoming budget will likely feature multiple tax and spend tweaks, including tax rises, amid a tense economic backdrop.
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On Nov 26, 2025, UK Finance Minister Rachel Reeves announced over £26 billion in new tax increases, adding to £40 billion raised last year. The budget includes freezing income tax thresholds, a mansion tax, and levies on electric cars amid warnings of slowed economic growth and political challenges for the Labour government elected in 2024.
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Recent articles reveal a leak of the UK budget details before the official announcement, causing market fluctuations and political controversy. The Office for Budget Responsibility (OBR) accidentally published its economic forecast early, contradicting government claims about improved forecasts influencing tax decisions. The incident intensifies scrutiny of government-OBR relations amid ongoing budget debates.
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Britain's Labour government, led by Prime Minister Keir Starmer and Chancellor Rachel Reeves, announced a budget with tax increases and spending cuts amid sluggish growth and declining approval ratings. The budget aims to address economic pressures but faces skepticism about its effectiveness and credibility.
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New UK government forecasts show the tax burden will peak at 38.3% of GDP by 2030/31, driven by increased welfare spending and frozen tax thresholds. The forecasts also predict higher government debt and inflation, with measures including extended threshold freezes and welfare reforms announced in the recent Budget.
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The UK government plans to introduce a £2,000 cap on salary sacrifice for pensions from 2029, aiming to increase revenue but raising concerns about its impact on retirement savings and workers' take-home pay. The move could raise £4bn annually but faces industry opposition.
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Rachel Reeves announced a £26 billion budget aimed at fiscal stability, including tax increases and measures to support growth. The budget faces criticism for its reliance on austerity and conservative macro strategies, despite progressive policies like scrapping benefit caps and investing in public services.
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Labour's chancellor announced a series of tax increases and spending cuts, including ending the two-child benefit cap and introducing a mansion tax. The measures aim to fill a £30bn fiscal gap, raising the tax burden to a record 38% of GDP by 2030, with over 1.7 million earners affected.
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The UK government announced a series of tax hikes and policy changes, including a mansion tax on homes over £2 million, scrapping the two-child benefit limit, and freezing income tax thresholds until 2030/31. Rail fares will also be frozen for the first time in 30 years.
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Chancellor Rachel Reeves announced a budget with £26 billion in tax increases, reversing previous promises not to raise taxes on working people. The budget aims to boost fiscal stability but faces criticism for breaking election pledges and amid economic challenges linked to Brexit and global factors.
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Rachel Reeves faced scrutiny after the early leak of the Office for Budget Responsibility's (OBR) forecast, which predicted slower economic growth and higher inflation. Reeves defended her fiscal approach, emphasizing investment and debt reduction, amid concerns over the leak's impact on market confidence and political stability.
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Prime Minister Keir Starmer defended recent government measures, including a £26 billion tax hike and welfare reforms, amid criticism over economic forecasts and policy decisions. Opposition leader Keir Starmer accused the government of misleading the public and emphasized the importance of welfare and economic stability. The story highlights ongoing political and economic tensions in the UK.
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Rachel Reeves announced a £26bn tax increase to fund public services, despite conflicting forecasts from the OBR suggesting a smaller fiscal gap. She emphasized protecting investment in infrastructure and denied that working-age people bear the main burden. Political tensions and market concerns surround the budget's impact.
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The UK government faces ongoing scrutiny after leaks and the resignation of the OBR chair Richard Hughes. The Budget process was marred by unauthorized disclosures, with the Treasury launching an investigation. The OECD warns that fiscal tightening will slow growth, while political tensions escalate over the handling of public finances.
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Recent UK-US trade and pharmaceutical agreements aim to boost UK life sciences but face criticism over increased NHS drug costs and potential impacts on patient access. UK officials highlight investment gains, while critics warn of higher mortality and budget pressures.