Budget to be held on 26 November, Reeves confirms

Chancellor Rachel Reeves has confirmed that the Budget will be held on 26 November to outline the UK government's taxation and spending plans, addressing economic challenges and balancing public finances. With pressure to boost economic growth and manage inflation, Reeves may need to implement tax hikes or spending cuts. Speculation abounds on potential tax increases, including a bank profits windfall tax or property tax reform, to meet borrowing rules. Announcements to come from the Office for Budget Responsibility will influence market stability and investor confidence in the UK economy.