Live updates as the Chancellor delivers key fiscal plans

The UK Budget 2025 is happening right now, with millions watching as Chancellor Rachel Reeves outlines major economic decisions for the year ahead. This is one of the most significant political broadcasts of the year, shaping everything from taxes to benefits and national services. Viewers across the UK are tuning in to see how the plans could affect daily life.

Reeves stepped up to the despatch box in the House of Commons shortly after Prime Minister’s Questions. The speech began at around 12:30pm UK time, marking the start of an important afternoon for the Government. Broadcasters have been covering every moment, offering expert insight into the latest fiscal measures.

This Budget marks a major moment for the new Government as it sets out long-term economic priorities. The Chancellor is expected to focus on growth, stability, and support for essential public services. Many people are watching closely to see how the policies will impact wages, prices, and living standards across the country.

Live coverage is underway across major television networks including BBC News and Sky News. Political correspondents and analysts are already explaining what each announcement could mean in real terms. Updates will continue throughout the afternoon as more details are revealed.

For those wanting an unfiltered view, Parliament’s live streaming service is showing the full speech directly from the Commons. This feed allows viewers to hear every line from the Chancellor without added commentary. It remains a popular choice for those who prefer the raw parliamentary broadcast.

Online streaming platforms are also heavily used during Budget Day. News websites are providing live video players, rolling text coverage, and instant headlines. This makes it easy for working viewers to follow key announcements even if they cannot sit down to watch the entire broadcast.

The speech is expected to last around an hour, though timings may extend depending on the scope of the plans. Many significant changes are often revealed later in the statement, so staying tuned throughout ensures viewers will not miss anything important. Rising curiosity around tax changes means audiences are paying close attention.

Once Reeves completes her statement, full Budget documents will be released for public viewing. These papers include the finer details that underpin the announcements, showing how each measure will take effect. News outlets will quickly break down the information to help people understand how policies relate to their own lives.

Political reaction will follow directly in the House of Commons, with opposition leaders responding to the Chancellor’s plans. The debate will continue across national television and online commentary throughout the day. Evening programmes are set to remain dominated by Budget discussion as experts digest the full consequences.

Many people watching today are looking for clarity, reassurance, and a sense of direction for the UK economy. With the Budget now live and announcements still unfolding, the coming hours will be crucial for understanding how the country’s financial course is set for the year ahead. The nation is watching closely as every decision lands in real time.