Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

The British Future thinktank has predicted that net migration to the UK will decrease to approximately 300,000, a figure reminiscent of pre-Brexit levels, as new data is set to be released. This projection indicates a significant drop from the current figures for 2023, which are over three times higher.

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.

A UK judge is currently reviewing the government's decision to classify the activist group Palestine Action as a terrorist organization under counter-terrorism laws. This review comes amid ongoing legal challenges from the group, which argues that the ban is unprecedented and unjustified.

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.

Chancellor Rachel Reeves has announced a budget aimed at reducing living costs for millions, which includes ending the two-child benefit cap and cutting energy bills. However, this comes alongside a significant £26 billion tax increase to address a shortfall in public finances, following a leak from the Office for Budget Responsibility (OBR) that caused immediate market reactions.

Chancellor Rachel Reeves has announced that salary-sacrificed pension contributions exceeding £2,000 will now incur national insurance charges, a move aimed at addressing fiscal challenges. This decision is part of a broader budget strategy set to be revealed on November 26, 2025, amidst ongoing discussions about the UK's economic stability.