How the 2025 budget could affect you

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Rachel Reeves has declared her budget will slash living costs for millions after a highly embarrassing leak revealed she would increase taxes by £26bn to plug a gaping shortfall in the public finances. Here are six ways this year's budget could affect you. Subscribe to Guardian News on YouTube ► https://www.youtube.com/user/guardian... Budget 2025: latest updates ► https://www.theguardian.com/uk-news/l... The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://support.theguardian.com Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition Website ► https://www.theguardian.com Facebook ►  / theguardian   Instagram ►   / guardian   Bluesky ► https://bsky.app/profile/theguardian.com The Guardian on YouTube: The Guardian ►    / @theguardian   Guardian Australia ►    / @guardianaustralia   Football Weekly podcast ►    / @footballweeklypodcast   Guardian Football ►    / @guardianfootball   Guardian Sport ►    / @guardiansport   It's Complicated ►    / @itscomplicated   Guardian Live ►    / @guardianlive   #budget #budget2025 #economy #uk #politics #rachelreeves