Leaked Budget 2025: watch Reeves's announcement with expert analysis

The Telegraph's live coverage of The Budget 2025.

Join The Telegraph's Tony Diver and Sam Brodbeck live as they discuss their expectations prior to Reeves' announcement.

Rachel Reeves will raise taxes by £30bn, according to official forecasts accidentally published before her speech in the Commons.

The tax burden will hit a new all-time high of 38.3pc of GDP by 2031 as the Chancellor puts up taxes by £29.8bn by the start of the next parliament, according to the Office for Budget Responsibility (OBR).

The documents showed the Chancellor will raise £8.3bn by freezing income tax thresholds for another three years until the 2030-31 financial year.

The document also confirmed that a new tax raid on £2m houses would go ahead, raising £400m a year by the end of the decade.

Pension savers were hit with £4.7bn salary sacrifice raid.

Our journalists will break down the key highlights and what these announcements mean for you.

Don't miss this in-depth analysis and discussion—tune in to stay informed and engaged with the latest on economic developments.

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