Rachel Reeves told MPs she had kept her manifesto commitments. Responding, Kemi Badenoch said the opposite. Who is right? • Budget 2025: key points at a glance

Budget 2025: key points at a glance

Rachel Reeves told MPs in the Commons on Wednesday: “I have cut the cost of living – with money off bills and prices frozen – all while keeping every single one of our manifesto commitments.”

The claim was a bold one, given that the chancellor had promised not to raise national insurance, VAT or income tax, and has arguably raised two of them.

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