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UK Chancellor Rachel Reeves prepares November 2025 budget to cut inflation, debt, and interest costs amid market uncertainty.
Chancellor Rachel Reeves confirmed the UK’s November 26 budget will prioritize reducing inflation to enable future Bank of England interest rate cuts, while addressing high borrowing costs and a £2.6 trillion national debt.
She reaffirmed commitment to fiscal rules, signaling possible tax increases and spending adjustments to meet deficit targets by 2030, despite earlier pledges not to raise income tax, national insurance, or VAT.
Markets reacted cautiously, with bond yields falling and the pound weakening, as uncertainty over tax and spending plans persisted.
Reeves emphasized that lowering debt interest payments—now consuming 10% of tax revenue—would free up funds for public services, while business leaders urged stable, predictable conditions to spur investment and growth.
La canciller del Reino Unido, Rachel Reeves, prepara el presupuesto de noviembre de 2025 para reducir la inflación, la deuda y los costos de interés en medio de la incertidumbre del mercado.