UK budget to target cost of living crisis as Reeves battles to keep Labour MPs on side

The GuardianWednesday, November 26, 2025 at 12:04:31 AM
UK budget to target cost of living crisis as Reeves battles to keep Labour MPs on side
  • Chancellor Rachel Reeves is set to announce a budget aimed at addressing the UK's cost of living crisis, a pivotal moment for the Labour government led by Keir Starmer. The budget, scheduled for November 26, is expected to include significant tax increases to cover a £20 billion spending gap and to stabilize the economy amidst lower growth forecasts.
  • This budget is crucial for Rachel Reeves as it may determine her political future and the stability of the Labour Party. With pressure mounting from within her party and external critics, the success of her fiscal strategies could influence public confidence in Labour's governance.
  • The upcoming budget reflects ongoing debates about fiscal responsibility, with contrasting views on tax increases and spending cuts. Critics, including Conservative leader Kemi Badenoch, warn of potential bankruptcy without benefit cuts, while unions urge for measures that enhance living standards. This tension highlights the broader economic challenges facing the UK, including inflation and public sentiment towards centrist policies.
— via World Pulse Now AI Editorial System

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