4.5 • 808 Ratings
🗓️ 27 November 2025
⏱️ 7 minutes
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From the BBC World Service: The U.K. government's economic outlook response document was accidentally published a half hour early on Wednesday, before Finance Minister Rachel Reeves began her 2025 budget speech. Reeves set out a string of tax hikes, which will bring the country's tax take to an all-time high of 38% of GDP in the coming years. Plus, we take a look at why U.S. investors have soccer in their sights.
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| 0:00.0 | The UK government's annual finance statement is accidentally revealed 30 minutes in advance. |
| 0:07.4 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:11.7 | I'm William Lee Adams. Good morning. |
| 0:14.1 | On Wednesday, the UK's finance minister, Rachel Reeves, gave the annual government budget speech in Parliament. |
| 0:20.5 | But in an embarrassing error, |
| 0:22.2 | Britain's fiscal watchdog accidentally published its economic outlook response document before |
| 0:27.3 | Ms. Reeves had even started speaking. I'm joined by the BBC's Sean Farrington, Sean High. |
| 0:33.3 | Hi. So Britain's finance minister has been under a lot of pressure, hasn't she? |
| 0:38.6 | She definitely has. The nation's finances are not a straightforward bunch of numbers to get on top of at the moment. |
| 0:46.8 | And there's been a lot of communication in recent weeks about what might have been in this budget. |
| 0:53.2 | Will there be increases in the income tax rates |
| 0:57.7 | that people pay? At one point we thought there would be and then another point we thought no. So finally |
| 1:03.2 | we had the budget where the Chancellor Rachel Reeves, the finance minister, lays out exactly |
| 1:08.0 | what her plans are for tax, for spending, for borrowing over the coming years. |
| 1:13.5 | And it was definitely a budget where taxes were going to be raised, and that will be seen in the |
| 1:19.8 | United Kingdom in the years to come. A lot of the major revenue raising policy decisions from |
| 1:26.3 | Rachel Reeves were tax increases that will be kicking in |
| 1:30.6 | in a good few years' time. So not kicking in tomorrow or the start of the next financial year. |
| 1:35.5 | And before the official reveal of the budget, most of it was released to the public, wasn't it? |
| 1:40.8 | Quite a controversial moment that we're seeing a bit of reaction today. Investigation's |
| 1:45.2 | going on as to why the report of the official forecaster, the Office of Budget Responsibility, |
| 1:51.5 | which sort of checks the homework of the finance minister in the UK. Ordinarily, we'd hear |
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