Chancellor lays ground for painful Budget, but will it be worth it?

November 4, 2025

The chancellor's pitch: the Budget will be painful, due to the actions of others, but it will be worth it, to tackle debt, help public services and promote growth.

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Chancellor lays ground for painful Budget, but will it be worth it?
Chancellor lays ground for painful Budget, but will it be worth it?

The chancellor's pitch: the Budget will be painful, due to the actions of others, but it will be worth it, ...

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Chris Mason: Could Reeves break a 50-year taboo by raising income tax?
Chris Mason: Could Reeves break a 50-year taboo by raising income tax?

It is more than half a century since a chancellor chose to put up the basic rate of income tax.