Overview

• Chancellor Rachel Reeves confirmed the Budget for November 26, extending the run‑in to give the OBR at least ten weeks for its forecasts.
• UK 30‑year gilt yields recently neared 27‑year highs, which feed directly into the OBR’s projections and increase debt‑interest costs.
• Tight headroom makes tax rises widely expected, with options constrained by Labour’s pledges to avoid increases in income tax, VAT, corporation tax and employee NI.
• The Treasury has consulted on a single duty for UK‑facing remote gambling that officials say could raise about £2 billion a year, though industry groups are pushing back.
• Officials deny orchestrating summer rumours of new levies on banks, landlords and housing, as business leaders warn that prolonged speculation is chilling investment and confidence.