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Budget

March 2025

  • Rachel Reeves in the House of Commons after delivering her spring statement

    Reeves may have to find further cuts and tax hikes amid economic gloom

  • Rachel Reeves at the dispatch box

    Rachel Reeves accused of balancing books on back of UK’s poorest

  • Reeves Cuts

    The panel
    Will Rachel Reeves’s tough decisions pay off? Our panel on the spring statement

    Polly Toynbee, Dhananjayan Sriskandarajah, Anna Landre, Jonathan Portes, Julia Davies, Mike Clancy and Fatima Ibrahim
  • Rachel Reeves poses with the red budget box outside her office on Downing Street

    What to expect from Rachel Reeves’s (brief) spring statement

  • Civil service to be told to slash more than £2bn a year from budget by 2030

  • UK must spend £1.5bn a year on flood defences to protect public, experts warn

  • Call it a defence levy or even a patriot tax – but Labour is going to have to raise taxes, fast

    Gaby Hinsliff

  • UK drops down list of affluent nations after decade of stagnation, NIESR finds

  • No cash Isa shake-up in spring statement, but Reeves still considering cuts

  • HMV puts UK expansion on hold because of budget tax rises

  • ‘Criminals will go unpunished’ after victim services cuts, Reeves warned

February 2025

  • The Beales store at the Dolphin shopping centre in Poole, Dorset.

    Beales to close last store, blaming costs ‘foisted on us’ in Reeves’s budget

    Poole shop to shut again only five years after it was revived following retail chain’s administration
  • Steel worker in protective gear next to blast furnace

    UK economy on course for 1.5% expansion, NIESR predicts

    Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit
  • Swinney and Robison walking towards camera with another person behind

    SNP avoids early election as it wins backing for budget at Holyrood

    Scottish parliament supports minority government’s tax and spending plans after intensive negotiations

January 2025

  • Rachel Reeves holding the red budget box outside her office in Downing Street

    If a Labour chancellor has to start cutting, keep calm. It’s not a betrayal

    Phillip Inman
  • The chancellor Rachel Reeves attends the Eurogroup meeting at the EU headquarters in Brussels in December 2024

    Rachel Reeves faces another anxious week of second-guessing the City

  • Nils Pratley

    Nils Pratley on finance
    Big retail will cope – but Reeves’ NICs raid is too much, too soon for part-timers

    Nils Pratley
  • Rachel Reeves

    Rachel Reeves says she has ‘iron grip’ on finances as borrowing costs surge

December 2024

  • Homeless person with their head covered by a hoodie holds out a cup while sat on the pavement of a high street

    Treasury must focus on prevention in UK public spending, says report

  • Floods and leaks in corridors at St Helier Hospital.

    NHS patients at risk as hospital urgent repair costs triple in decade

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