Times Politics
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Will Rachel Reeves' Budget Contain Any Surprises?
Posted
November 24, 2025
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November 24, 2025
307
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1.63%
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3:50Now PlayingRachel Reeves will announce her second budget as chancellor on Wednesday. She has set out the difficult economic backdrop she is wrestling with, pointing to high debt levels, low productivity and stubborn inflation.
Her words, which firmly put the blame for the state of the economy on previous Conservative administrations, suggested the Labor government could break the party's election manifesto not to raise key taxes -- income tax, VAT or National Insurance.
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