Everything that was leaked in the budget ahead of Rachel Reeves speech

An ‘unprecedented’ leak has seen key measures from the Budget accidentally published way ahead of the Budget.

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Here is the full list of tax rises in this Budget, as leaked by the OBR document:

• Freezing income and NI thresholds until 2030: £8 billion
• Pension salary sacrifice raid: £4.7 billion
• Dividend, property, savings tax rise: £2.2 billion
• Changes to corporation tax: £1.5 billion
• Pay-per-mile scheme: £1.4 billion
• Gambling tax: £1.1 billion
• Capital gains on trusts: £900 million
• Council tax rise on homes worth more than £2 million: £400 million
• Tackling tax avoidance: £2.3 billon
• Other measures: £4.4 billion

UK economic growth forecast downgraded over the next four years:

• 2025: 1.5% (up from 1%)
• 2026: 1.4% (down from 1.9%)
• 2027: 1.5% (down from 1.8%)
• 2028: 1.5% (down from 1.7%)
• 2029: 1.5% (down from 1.8%)

Budget to raise taxes by up to £26bn in 2029-30 through:

• Freezing personal tax thresholds (3-year freeze to 2030/31)
• Charging National Insurance on salary-sacrificed pension contributions (£4.7bn)
• Increasing tax rates on dividends, property, and savings by 2 percentage points (£2.1bn)

Other measures outlined by the OBR:

• Day-to-day spending rule headroom to widen to £22bn in 2029-30 (up £12bn from March)
• 5p fuel duty cut remains until September 2026, then reversed gradually
• Two-child benefit cap removal, costing £3bn by 2029-30
• High-value council tax surcharge on properties over £2m, raising £0.4bn in 2029-30
• Public debt projected to rise from 95% of GDP to 96.1% by end of decade