Budget 2025 live: Rachel Reeves to set out tax and spending changes
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Budget 2025 live: Rachel Reeves to set out tax and spending changes
"The budget will include action to cut NHS waiting lists, cut debt and borrowing, and cut the cost of living to secure a strong future for the country, built on fairness and fuelled by growth. Action to keep prescription costs under 10, freeze rail fares for the first time in 30 years and increase the national minimum wage and national living wage by 1,500 and 900 respectively has already been confirmed to put more money in people's pockets at this budget."
"Today I will take the fair and necessary choices to deliver on our promise of change. I will not return Britain back to austerity, nor will I lose control of public spending with reckless borrowing. I will take action to help families with the cost of living cut hospital waiting lists cut the national debt. And I will push ahead with the biggest drive for growth in a generation."
The budget prioritizes cutting NHS waiting lists, reducing national debt and borrowing, and easing the cost of living through targeted measures. Prescription costs will be kept under 10 and rail fares will be frozen for the first time in 30 years. The national minimum wage and national living wage will be increased by 1,500 and 900 respectively. Investment for 250 neighbourhood health centres will aim to slash waiting lists and end postcode variations in access. The plan includes a major growth push with investment in roads, rail, energy, housing, security, defence, education, skills, and training. The fiscal stance pledges to avoid a return to austerity while keeping public spending under control.
Read at www.theguardian.com
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