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Mansions, milkshakes and the minimum wage: Labour’s 2025 budget | Budget 2025

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?

Photograph: House of Commons

#Mansions #milkshakes #minimum #wage #Labours #budget #Budget

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