Starmer says budget did not break manifesto tax pledge and scrapping two-child benefit cap was ‘long-standing ambition’ – live

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.

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.

Prime Minister Keir Starmer has defended the Labour Party's adherence to its manifesto despite implementing record-breaking tax increases. He emphasized that the government remains committed to its promises while navigating complex economic challenges.

UK Finance Minister Rachel Reeves has unveiled a new budget that raises taxes for ordinary workers while increasing government spending on social welfare programs. The plan aims to elevate the government's tax revenue to a post-war high of 38% of GDP by 2031, as reported by the Office for Budget Responsibility (OBR). This budget is set to be a pivotal moment for the Labour government amid ongoing economic challenges.

Chancellor Rachel Reeves has unveiled a £26 billion tax-raising budget aimed at the wealthiest households in the UK, which includes the scrapping of the two-child benefit cap and cuts to energy bills funded by a mansion tax. This budget was announced amid a chaotic day marked by early leaks from the Office for Budget Responsibility (OBR).

Chancellor Rachel Reeves has presented the UK Budget for 2025, which includes significant changes to tax, pensions, and welfare aimed at addressing the ongoing cost of living crisis. Key announcements include the scrapping of the two-child benefit cap and the introduction of a mansion tax, alongside a £550 increase for pensioners, reflecting the government's commitment to support vulnerable populations.

Chancellor Rachel Reeves has announced a significant budget aimed at addressing the UK's cost of living crisis, with specific implications for Scotland, including an £820 million funding boost. This budget is set to be revealed on November 26, 2025, and is expected to include tax increases and spending cuts as part of a broader strategy to manage fiscal challenges.

Chancellor Rachel Reeves announced a budget that includes a £26 billion tax increase and increased welfare spending, aimed at addressing the UK's ongoing cost of living crisis. This budget is a significant move for the Labour government as it seeks to balance fiscal responsibility with social support.