Overview

• Multiple outlets citing Treasury sources report the Chancellor is preparing tax measures aimed at higher earners and wealth rather than broad increases on working families.
• Treasury briefings indicate she does not plan to significantly raise borrowing or cut public spending as she finalizes the Autumn Budget.
• The Sunday Telegraph reporting, echoed by Reuters, says Reeves intends to build a larger buffer against her main fiscal rule, reflecting higher borrowing costs and softer growth prospects.
• Officials are examining a tapered alternative to the two‑child benefit cap, with charities and MPs urging change and estimates suggesting scrapping the cap outright would cost about £3bn a year.
• Context from recent budgets shows around £40bn in tax rises were announced last year, and Reeves has not ruled out further tax measures this autumn.