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Chancellor Rachel Reeves will deliver Budget on 26 November
- Chancellor Rachel Reeves will deliver her second Autumn Budget on November 26 in the UK amid ongoing economic challenges.
- The Budget was postponed from an earlier date due to rising long-term borrowing costs, which hit 27-year highs and pressured government finances.
- Reeves faces a significant fiscal shortfall estimated at £40-41 billion, prompting planned tax increases and potential changes to inheritance and capital gains taxes.
- Paul Barham noted that with the government having dismissed the option to reduce expenditures or raise income tax and VAT rates, it is highly likely that other tax increases will be introduced.
- The Budget's outcomes will affect inflation control, public spending, and economic growth, with markets signaling concern over the government's fiscal stability.
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98 Articles
98 Articles
Chancellor puts back autumn budget to November 26
The autumn budget, held last year on Halloween, has been put back a month this year to the 26th November. But as the Chancellor announced the date long term borrowing costs reached a new twenty seven year high – making her budget even harder to balance.
·London, United Kingdom
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Allegra Stratton: Late Budget Means not-so-Golden Quarter in UK
Finally we have a day: the Budget will be on the 26th of November, the Treasury announced this morning. While the daily speculation about threats to your finances will not end yet, the speculation now at least has an end date.
·United States
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Coverage Details
Total News Sources98
Leaning Left14Leaning Right10Center26Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 28%
C 52%
R 20%
Factuality
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