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Chancellor Scraps Tax Hike, Freezes Fares Amid Controversy

11/23/2025

26 5 Full Breakdown

Summary

Story summary

Chancellor Rachel Reeves has abandoned income tax hike plans and will freeze rail fares and scrap the two-child cap, a policy costing over £3 billion.
Critics, including Tory leader Kemi Badenoch, say the move breaches Labour's manifesto promise.
The Chancellor will extend a crackdown on universal credit fraud, aiming to raise £1.2 billion by March 2031.
The package also funds new planners and supports care leavers' student loans.

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Story summary

Chancellor Rachel Reeves has abandoned income tax hike plans and will freeze rail fares and scrap the two-child cap, a policy costing over £3 billion.
Critics, including Tory leader Kemi Badenoch, say the move breaches Labour's manifesto promise.
The Chancellor will extend a crackdown on universal credit fraud, aiming to raise £1.2 billion by March 2031.
The package also funds new planners and supports care leavers' student loans.