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UK: Chancellor Reeves Raises £26B in Taxes at 2025 Budget

Is Reeves's 2025 Budget economic security aimed at working people, governmental chaos that prioritizes ideology over the public good, or corporate appeasement that fails to address inequality?

Published NOV 26·Updated 7 days ago

UK: Chancellor Reeves Raises £26B in Taxes at 2025 Budget

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Above: Rachel Reeves outside 11 Downing Street in London on Nov. 26, 2025. Image credit: Wiktor Szymanowicz/Future Publishing/Getty Images

The Spin

Pro-government narrative

This government is delivering on its promises towards working people. After 14 years of Tory chaos and austerity, Reeves continues to keep the economy in line with her ironclad fiscal rules. Though choices have been unavoidable amid global uncertainty, Labour will continue to fight for those in need and deliver the growth and stability that Britain has sorely missed.

Rachel Reeves on X LabourList

Left narrative

Reeves has completely surrendered economic policy to wealthy bond-market speculators rather than serving British voters. The budget protects the rich through income tax threshold freezes that only hurt working people while ignoring real wealth taxes. This government cares more about appeasing international finance than addressing massive inequality, where 50 families own more than half the population.

Novara Media

Zack Polanski on X

Right narrative

This budget represents complete governmental incompetence, with the OBR accidentally leaking details before delivery, making a mockery of fiscal responsibility. Reeves is destroying the economy through reckless spending, like abolishing the two-child benefit cap, while punishing working taxpayers through frozen thresholds. The Chancellor is out of her depth, and this chaotic approach will devastate monthly paychecks for years.

The Telegraph

Nicholas Lissack on X