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Source: Office for Budget Responsibility, Economic and Fiscal Outlook, March and October 2024; Office for National Statistics, Public Sector Finances, UK, January 2025 Rachel Reeves has wiped out the £9.9bn headroom she left herself in last year's Budget
Government Budget Cuts 2025 John Morris Tax-hiking speculation before Labour's first Budget in 14 years sent the rumour mill into a frenzy It is to provide an update on the Government's plans for the economy. Source: Office for Budget Responsibility, Economic and Fiscal Outlook, March and October 2024; Office for National Statistics, Public Sector Finances, UK, January 2025
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Budget 2025 Highlights Twila Ingeberg . The Chancellor has announced a Spending Review to confirm government departmental budgets for 2024-25 and set budgets for 2025-26 Update on 12 March: Financial market assumptions and the incorporation of outturn data