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Chancellor Smith Warns of Deep Cuts Ahead of Budget

11/12/2025

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Summary

Story summary

Chancellor Cachella Smith (UK Chancellor) said meeting Labour's manifesto pledges would require deep cuts in capital spending.
The autumn Budget, scheduled for November 26, will focus on the cost of living and reducing national debt.
Smith did not confirm whether taxes would rise.
She expressed confidence in the BBC amid ongoing criticism.
The final Budget details remain uncertain.

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Story summary

Chancellor Cachella Smith (UK Chancellor) said meeting Labour's manifesto pledges would require deep cuts in capital spending.
The autumn Budget, scheduled for November 26, will focus on the cost of living and reducing national debt.
Smith did not confirm whether taxes would rise.
She expressed confidence in the BBC amid ongoing criticism.
The final Budget details remain uncertain.