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Home World UK

Budget 2026: Proposed Tax Cuts and Pension Changes

20 November 2025
in UK
Budget 2026: Proposed Tax Cuts and Pension Changes
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Chancellor Rachel Reeves is set to present her second Budget soon, with Metro readers expressing desires for lower taxes, the scrapping of the two-child benefit cap, and increased funding for social care and SEND. Although hints have been dropped about possibly ending the benefit cap to address child poverty, the decision may be complicated by recent backtracking on income tax increases. Meanwhile, proposed reforms to the tax-free allowance seem unlikely due to their significant fiscal impact. Labour is committed to maintaining the pension triple lock and avoiding drastic public spending cuts.

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Tags: British GovernmentbudgetcutsNewsPensionPoliticsproposedrachel reevesSir Keir StarmerTax
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