Live: Budget 2025 West Midlands updates as Chancellor Rachel Reeves sets out tax and spending changes
Today's the day for Rachel Reeves to deliver her second Budget as Chancellor.
As with all her predecessors, the in-tray is flowing over with a host of issues, some of which have already found their way into the media.
Yesterday, the Chancellor of the Exchequer confirmed another rise in the national minimum wage which is great news for workers, but less so for business owners as they grapple to stretch their payrolls again.
Tax is making the headlines as it seems the freeze on income tax thresholds will remain which could push some people into higher brackets as their wages increase.
And the two-child benefit cap, which restricts credits to a family’s first two children in most households, will also be scrapped, according to reports.
Whatever happens today, there are sure to be winners and losers, critics and those quick to commend. Check out the latest updates and what they will mean for the West Midlands and Staffordshire in our live blog below:
