Budget 2025: Your questions answered
- Jeremynh
- 7 minutes ago
- 1 min read
Q: I'm hearing a lot about "fiscal drag" in this budget. Will Ru Paul be presenting it? (Cecil from Penge)
A: Naturally.
Q: This tax hike on betting is diabolical, isn't it? (Gary from Aintree)
A: We agree, raising the tax rate on sports betting from 15% to 25% means that when you chuck all your money away, you won't be enriching the deserving bookie so much. You'll be wasting a quarter of your dosh on funding schools and hospitals.
Q: My budget is moulting, and it won't play with its mirror or its bell. (Doris from Braintree)
A: I'm sorry to hear that. Take your budget to the vets first thing in the morning.
Q: Kemi Badenoch called this "the most chaotic budget ever". Is she right? (Keir from Westminster)
A: Objectively speaking, of course it was. But one shouldn't be too harsh on Rachel Reeves. You have no idea how difficult it is to prepare Britain's budget when you haven't a clue what you are doing.