Some of the ideas that were trailed, such as raising income tax, may have been hinted at to make the eventual Budget feel less dreadful than had been feared, but the final embarrassment came when most of the Budget, the government's costings and the expected effects on the economy were revealed early in error by the Office for Budget Responsibility (OBR) – moments before Reeves addressed the House of Commons on Wednesday (26 November).
'We've got to hope this Budget is enough to ensure bookings return as expected next year'
Opinion
Alan Bowen
27 November 2025
After more leaks than your local water company, chancellor Rachel Reeves eventually got to stand and deliver, although her Budget measures came as less of a shock then usual as virtually everything had been leaked in advance.
(Credit: iStock / Andrey Popov)
(Credit: iStock / Andrey Popov)
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