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UK Chancellor Rachel Reeves faces backlash for a cautious 2025 budget lacking bold reforms to boost growth.
UK Chancellor Rachel Reeves faces growing criticism for a 2025 budget perceived as lacking bold economic reforms despite promises to boost growth. Experts, including the IFS, say her plan prioritizes fiscal caution over transformative changes, missing opportunities to modernize outdated taxes like council tax and stimulate productivity. While the government adjusted inheritance tax rules for farmers after protests, critics argue the move doesn’t fully address broader threats to family farms and rural livelihoods. Downward growth forecasts from the OBR and concerns over stagnant economic performance underscore ongoing challenges, with analysts urging more decisive action on infrastructure, energy, and tax policy to drive long-term renewal.