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




