UK borrowing costs fall after apparent early release of budget forecasts

OBR forecasts appear to show that chancellor has more than doubled her fiscal headroom to almost £22bn • Millions of UK workers to get pay rise as Reeves plans increased minimum wage

Millions of UK workers to get pay rise as Reeves plans increased minimum wage • What to expect in budget 2025: tax, VAT, pensions, savings and more

What to expect in budget 2025: tax, VAT, pensions, savings and more • Could you do better than Reeves as chancellor? Play our interactive budget game

Could you do better than Reeves as chancellor? Play our interactive budget game

Deutsche Bank’s UK economist, Sanjay Raja, has predicted that Rachel Reeves will deliver a second “historic tax-raising budget”, although the scale won’t be as large as last year’s effort.

Raja predicts that macro-economic downg