General · 26 November 2025
Budget report released early in UK. Oops
The UK's Office for Budget Responsibility mistakenly released its report early. The report details plans to eliminate the two-child benefit limit and create a £22 billion reserve. Chancellor Rachel Reeves is set to announce a budget with significant tax increases amounting to around £26 billion. Measures may include frozen income tax brackets and new EV taxes to cover a £20 billion deficit.
Reported by Business Insider · How we write briefs