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Budget 2025 live updates: Rachel Reeves to outline tax and spending changes

We’re heading to the Commonspublished at 12:00 GMT

Emily Atkinson
Live editor

Image source, PA Media

As we just reported, the OBR appears to have published its official forecast ahead of the Budget in error.

We’re contuining to pick through it. While we do that, here’s a quick rundown of what’s to come.

At 12:00, we’ll launch into Prime Minister’s Questions – often a tamer affair than usual – before Reeves stands to deliver her the Budget statement at 12:30.

Where’s it all happening? The House of Commons in Parliament

How long will it last? The chancellor will speak for around an hour. The Leader of the Opposition, Kemi Badenoch, will then offer her response before MPs begin a days-long debate on the proposals

How can I watch it? It will be broadcast at the top of this page – just tap the watch live icon

What comes after that? The Office for Budget Responsibility will publish its latest economic and fiscal outlook, plus there will be analysis from economic think tanks like the Institute for Fiscal Studies

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