This is CNBC’s live blog covering the 2025 Autumn Budget.
Is there a way to trade the budget?
Ahead of the chancellor’s critical statement — which could herald tax rises, spending cuts, or a combination of the two — fund managers are lining up high-conviction trades on U.K. housing, the British currency and beaten-down cyclical equities.
Take a closer look here: Three ways for investors to trade the budget
— Hugh Leask
After a long wait, Autumn Budget day is finally here
It’s Nov. 26 and Autumn Budget day is finally here!
It’s been a longer-than-usual wait this year, with budgets usually delivered in late October. We’ve also had so much news flow on what tax rises could be included in Chancellor Rachel Reeves’ budget statement that it’s become hard to keep up.
This “kite flying” of policy proposals — designed to test public and market reaction to an idea before committing to it — has led to criticism of the Treasury, with analysts saying the near-constant drip feed of information (and the scrapping of policy ideas) has confused the public, businesses and markets.
It has also made it harder to gauge what we’re actually going to get when Finance Minister Rachel Reeves finally unveils her spending and taxation plans for the year ahead.
CNBC has taken a close eye on what we might see later today when Reeves unveils the Autumn Budget around 12.30 p.m. London time.
Read more: The UK’s Autumn Budget is coming: Here’s what it could mean for your money
— Holly Ellyatt
