"Rarely has the buildup to a budget seemed so chaotic. Westminster has been full of stories about confidential briefings and screeching U-turns for weeks. Then came an unprecedented leak by the Office for Budget Responsibility, publishing the full budget online hours before the chancellor stood up at the dispatch box."
"Our economics editor, Heather Stewart, talks through what Rachel Reeves finally unveiled from taxes on mansions and milkshakes, to the long-awaited decision to lift the two-child welfare cap. But is it enough, asks Helen Pidd, to finally give Starmer and Reeves's embattled government some direction?"
The budget release followed a chaotic buildup marked by confidential briefings, screeching U-turns and an unprecedented Office for Budget Responsibility leak that published the full budget online hours before the chancellor spoke. The chancellor unveiled measures including taxes on mansions and milkshakes and the decision to lift the two-child welfare benefit cap. The measures aim to adjust revenues and social policy while attempting to offer clearer political direction for the Starmer and Reeves government. Significant questions remain about whether the package is sufficient to stabilize the government's standing and achieve its economic goals.
Read at www.theguardian.com
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