Budget 2025 live: Rachel Reeves to set out tax and spending changes

Chancellor to deliver fiscal statement, billed as decisive moment for fate of Starmer government, at 12.30pmTax, pensions, savings: what to expect in the budgetReeves’s high-stakes budget in five key chartsCould you do better than Reeves? Play our gameThis is how the Treasury summed up the budget in a news release issued last night. It refers to budget measures that have already officially been announced, as well as setting out what Rachel Reeves says are her priorities.[The budget] will include action to cut NHS waiting lists, cut debt and borrowing, and cut the cost of living to secure a strong future for the country, built on fairness and fuelled by growth.Action to keep prescription costs under £10, freeze rail fares for the first time in 30 years and increase the national minimum wage and national living wage by £1,500 and £900 respectively has already been confirmed to put more money in people’s pockets at this budget.Today I will take the fair and necessary choices to deliver on our promise of change.I will not return Britain back to austerity, nor will I lose control of public spending with reckless borrowing. Continue reading...