Autumn Budget 2025: The UK prepares for ‘smorgasbord’ of tax hikes
After a long wait, the Autumn Budget is finally here
Chancellor Rachel Reeves poses with the red box outside number 11 Downing Street on October 30, 2024 in London, England. This is the first Budget presented by the new Labour government and Chancellor of the Exchequer, Rachel Reeves.
Dan Kitwood | Getty Images News | Getty Images
It’s Nov. 26 and Autumn Budget day is finally here!
It’s been a longer-than-usual wait this year, with budgets usually delivered in late October. We’ve also had so much news flow on what tax rises could be included in Chancellor Rachel Reeves’ budget statement that it’s become hard to keep up.
This “kite flying” of policy proposals — designed to test public and market reaction to an idea before committing to it — has led to criticism of the Treasury, with analysts saying the near-constant drip feed of information (and the scrapping of policy ideas) has confused the public, businesses and markets.
It has also made it harder to gauge what we’re actually going to get when Finance Minister Rachel Reeves finally unveils her spending and taxation plans for the year ahead.
CNBC has taken a close eye on what we might see later today when Reeves unveils the Autumn Budget around 12.30 p.m. London time.
Read more: The UK’s Autumn Budget is coming: Here’s what it could mean for your money
— Holly Ellyatt
