Mansions, milkshakes and the minimum wage: Labour’s 2025 budget

The National Union of Students (NUS) has raised concerns over a three-year freeze on the student loan repayment threshold, set to remain at £29,385 starting April 2027. This decision could force graduates in low-paid jobs to repay their loans sooner, potentially impacting their ability to manage essential living costs such as food and rent.

Economists have expressed concerns regarding the UK budget presented by Chancellor Rachel Reeves, which includes a £26 billion tax increase aimed at stabilizing the economy. The budget has been criticized for its reliance on back-loaded tax rises that may not materialize, raising doubts about its sustainability and effectiveness in addressing economic challenges.

Financial analysts have recommended purchasing shares in British gambling firms, including Flutter, despite the sector facing significant tax increases that are projected to reduce profits substantially. Chancellor Rachel Reeves announced these tax hikes in her recent budget, which are expected to cost the industry an additional £8.3 billion by 2030-31.

The Office for Budget Responsibility (OBR) has called in a cyber expert to investigate a premature release of Budget analysis documents, which disrupted Chancellor Rachel Reeves's planned statement. Journalists accessed the sensitive information ahead of the official announcement, leading to a chaotic situation for the Labour government.

Chancellor Rachel Reeves presented her second Budget, which included measures such as stamp duty holidays and cuts to tax relief, aimed at addressing the ongoing economic challenges in the UK. The budget reflects a response to the cost of living crisis while attempting to stabilize the stock market.

Chancellor Rachel Reeves announced a freeze on income tax thresholds until the 2030-31 tax year, a decision that experts from the Resolution Foundation and other thinktanks warn will disproportionately affect poorer households, exacerbating existing financial pressures on low-income taxpayers.

Chancellor Rachel Reeves has announced a budget aimed at addressing the UK's cost of living crisis, which includes a £26 billion tax increase. The buildup to this budget was marred by leaks and political maneuvering, leading to a chaotic atmosphere that overshadowed the announcement. Despite modest giveaways, the budget is seen as a critical moment for the Labour government as it seeks to stabilize its position amid economic challenges.

Chancellor Rachel Reeves has announced a reduction in the annual cash ISA limit from £20,000 to £12,000 as part of her second Autumn Budget, which aims to address the ongoing cost of living crisis in the UK. This change is expected to significantly impact millions of savers who rely on cash ISAs for tax-free savings.