Rachel Reeves’ 2025 Budget: £550 Pension Boost, £15bn Welfare Shake‑Up and New Tax Rises Explained
London, Monday 24 November 2025 Chancellor Rachel Reeves is preparing a high‑stakes Budget on Wednesday that will combine an above‑inflation pay rise for pensioners, the scrapping of the two‑child benefit cap and a wider £15bn expansion of welfare – all