The 2025 Budget Explained (and why it was suboptimal)

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On Wednesday, Rachel Reeves finally revealed her much anticipated budget which tinkered with a whole load of smaller taxes to raise revenues. So in this video, we'll explain what's in the budget and why it might be economically suboptimal for the UK.

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Sources:

Pre-budget fiscal analysis
https://commonslibrary.parliament.uk/...
https://www.theguardian.com/uk-news/2...

Budget leaks
https://x.com/Steven_Swinford/status/...

March 2025 OBR report
https://obr.uk/efo/economic-and-fisca...

Nov 2025 OBR report
https://d1e00ek4ebabms.cloudfront.net...

UK inflation data
https://tradingeconomics.com/united-k...