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Reeves faces tough test as Labour prepares 'tax-heavy' budget

Rachel Reeves speaks to the media during a visit to a branch of a Tesco supermarket in London on November 19, 2025. (Photo by LEON NEAL/POOL/AFP via Getty Images)

Reeves faces tough test as Labour prepares 'tax-heavy' budget

LABOUR government is braced for a major political and economic test on Wednesday (26) as chancellor Rachel Reeves prepares to deliver a budget expected to include tax rises, new support for households and measures aimed at stabilising public finances.

Prime minister Keir Starmer has promised a “Labour budget with Labour values”, built around easing the cost-of-living crisis, reducing NHS waiting lists and supporting families facing rising bills.

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